Slade's Ferry Trust Company in Somerset, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 01, 2008

  • Slade's Ferry Trust Company in Somerset, Massachusetts (MA)
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Slade's Ferry Trust Company - Overview

  • General
  • FDIC Certificate #: 18085
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Rockland Trust Company (#9712)
    Federal Reserve ID: 500407
    Date Established: September 30, 1959
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Interstate: No)
    OTS Docket #: 13178
    FDIC's unique #: 12007
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: September 30, 1959
    Last Structure Change Effective Date: March 01, 2008
    Last Structure Change Process Date: March 25, 2008
    Last Data Update: March 25, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 Slades Ferry Avenue, Somerset, MA 2726
    County: Bristol
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: South Boston
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Providence-Fall River-Warwick, RI-MA (#6480)
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Providence-New Bedford-Fall River, RI-MA (#39300)
    CBSA Metro Statistical Area: Providence-New Bedford-Fall River, RI-MA (#39300)
  • Financial Summary
  • Total assets: $603.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2007)

  • Dollar figures in thousands
  • 122Total employees (full-time equivalent)
  • $603,286Total assets
  • $13,620Cash and due from depository institutions
  • $650Interest-bearing balances
  • $97,120Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $457,813Net loans & leases
  • $4,661Loan loss allowance
  • $0Trading account assets
  • $7,505Bank premises and fixed assets
  • $0Other real estate owned
  • $2,173Goodwill and other intangibles
  • $12,660Life insurance assets
  • $25,055All other assets
  • $603,286Total liabilities and capital
  • $549,928Total liabilities
  • $393,660Total deposits
  • $317,253Interest-bearing deposits
  • $393,660Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $153,177Other borrowed funds
  • $0Subordinated debt
  • $3,091All other liabilities
  • $53,358Total equity capital
  • $53,358Total bank equity capital
  • $53,358Perpetual preferred stock
  • $0Common stock
  • $1,750Surplus
  • $24,829Undivided profits
  • Memoranda
  • $26,779Noncurrent loans and leases
  • $78,081Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,735Earning assets
  • $0Long-term assets (5+ years)
  • $2,177Average Assets, year-to-date
  • $555,583Average Assets, quarterly
  • $333,022Volatile liabilities
  • $606,152Insider loans
  • $602,912FHLB advances
  • $133,597Loans and leases held for sale
  • $8,847Unused loan commitments
  • $153,177Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $78,081Total unused commitments
  • $0Restructured Loans and leases
  • $4,813Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $36,511Total interest income
  • $17,187Total interest expense
  • $19,324Net interest income
  • $361Provision for loan and lease losses
  • $1,568Total noninterest income
  • $0Fiduciary activities
  • $247Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,321Additional noninterest income
  • $14,638Total noninterest expense
  • $7,724Salaries and employee benefits
  • $1,757Premises and equipment expense
  • $5,157Additional noninterest expense
  • $5,893Pre-tax net operating income
  • $516Securities gains (losses)
  • $2,315Applicable income taxes
  • $4,094Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,094Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $18Sale, conversion, retirement of capital stock, net
  • $6,136Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.55%Yield on earning assets
  • 3.08%Cost of funding earning assets
  • 3.46%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 2.62%Noninterest expense to earning assets
  • 0.62%Net operating income to assets
  • 0.68%Return on assets (ROA)
  • 1.06%Pretax return on assets
  • 7.82%Return on equity (ROE)
  • -3.90%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 2005.56%Credit loss provision to net charge-offs
  • 347.44%Efficiency ratio
  • 70,065Assets per employee
  • 4.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 149.88%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 268.65%Noncurrent assets plus other real estate owned to assets
  • 0.29%Noncurrent loans to loans
  • 0.38%Net loans and leases to deposits
  • 116.30%Net loans and leases to core deposits
  • 138.90%Equity capital to assets
  • 8.84%Core capital (leverage) ratio
  • 8.46%Tier 1 risk-based capital ratio
  • 10.87%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $606,152Average earning assets
  • $52,320Average equity
  • $557,696Average loans

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