StonehamBank, A Co-operative Bank in Stoneham, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

StonehamBank, A Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 26559
    Status: Active
    Federal Reserve ID: 954279
    Date Established: January 01, 1887
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 6525
    FDIC's unique #: 35258
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 14, 1986
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 80 Montvale Avenue, Stoneham, MA 2180
    County: Middlesex
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: North Boston
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Boston, MA-NH (#1120)
    Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7)
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Boston-Cambridge-Quincy, MA-NH (#14460)
    CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460)
    Core Based Statistical Division: Cambridge-Newton-Framingham, MA (#15764)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $426.3 mil
    Equity capital: $37.6 mil
    Deposits held in domestic offices: $297.2 mil
    Return on assets (ROA): 0.65% ($2.8 mil)
    Quarterly return on assets: 0.75% ($3.2 mil)
    Return on Equity (ROE): 7.57% ($2.9 mil)
    Quarterly return on equity: 8.62% ($3.3 mil)
    Net income: $2.7 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.01% ($4,306.0 mil)
    Quarterly Pretax return on assets: 1.16% ($4,945.5 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, 2011)

  • Dollar figures in thousands
  • 84Total employees (full-time equivalent)
  • $426,336Total assets
  • $13,371Cash and due from depository institutions
  • $8,385Interest-bearing balances
  • $42,077Securities
  • $7,124Federal funds sold & reverse repurchase agreements
  • $337,332Net loans & leases
  • $3,576Loan loss allowance
  • $0Trading account assets
  • $10,851Bank premises and fixed assets
  • $420Other real estate owned
  • $1,847Goodwill and other intangibles
  • $426,336Life insurance assets
  • $13,314All other assets
  • $388,763Total liabilities and capital
  • $297,157Total liabilities
  • $251,262Total deposits
  • $297,157Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $75,689Trading liabilities
  • $13,813Other borrowed funds
  • $2,104Subordinated debt
  • $37,573All other liabilities
  • $37,573Total equity capital
  • $37,573Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $34,633Surplus
  • $2,940Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $4,254Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,736Income earned, not collected on loans
  • $0Earning assets
  • $1,001Long-term assets (5+ years)
  • $394,918Average Assets, year-to-date
  • $247,629Average Assets, quarterly
  • $415,134Volatile liabilities
  • $423,815Insider loans
  • $290,377FHLB advances
  • $423,238Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $36,497Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $53,735Restructured Loans and leases
  • $8Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,642Total interest income
  • $5,072Total interest expense
  • $13,570Net interest income
  • $372Provision for loan and lease losses
  • $3,764Total noninterest income
  • $1Fiduciary activities
  • $1,061Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,702Additional noninterest income
  • $13,015Total noninterest expense
  • $7,287Salaries and employee benefits
  • $1,200Premises and equipment expense
  • $4,528Additional noninterest expense
  • $3,947Pre-tax net operating income
  • $241Securities gains (losses)
  • $1,490Applicable income taxes
  • $2,698Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,698Net income attributable to bank
  • $0Net charge-offs
  • $2,698Cash dividends
  • $431Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.86%Yield on earning assets
  • 1.32%Cost of funding earning assets
  • 3.54%Net interest margin
  • 0.98%Noninterest income to earning assets
  • 3.39%Noninterest expense to earning assets
  • 0.61%Net operating income to assets
  • 0.65%Return on assets (ROA)
  • 1.01%Pretax return on assets
  • 7.57%Return on equity (ROE)
  • 7.57%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 86.31%Credit loss provision to net charge-offs
  • 10.02%Efficiency ratio
  • 75,084Assets per employee
  • 5.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.05%Loss allowance to noncurrent loans
  • 95.72%Noncurrent assets plus other real estate owned to assets
  • 0.97%Noncurrent loans to loans
  • 1.10%Net loans and leases to deposits
  • 113.52%Net loans and leases to core deposits
  • 121.23%Equity capital to assets
  • 8.81%Core capital (leverage) ratio
  • 8.62%Tier 1 risk-based capital ratio
  • 12.57%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $415,134Average earning assets
  • $35,651Average equity
  • $383,403Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $217Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 42Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $217Other retirement accounts
  • $217Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 2 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    035258Stonehambank, A Co-Operative Bank80 Montvale Avenue, Stoneham, MA 2180January 01, 1887Full Service Brick and Mortar
    3259682Billerica Branch493 Boston Road, Billerica, MA 1821October 15, 1975Full Service Brick and Mortar

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