Suburban National Bank of Arlington in Arlington, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 24, 1993

  • Suburban National Bank of Arlington in Arlington, Massachusetts (MA)
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Suburban National Bank of Arlington - Overview

  • General
  • FDIC Certificate #: 18691
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Lexington Savings Bank (#90225)
    Federal Reserve ID: 377207
    Date Established: January 25, 1963
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 12562
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 25, 1963
    Last Structure Change Effective Date: December 24, 1993
    Last Structure Change Process Date: January 06, 1994
    Last Data Update: January 11, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 856 Massachusetts Avenue, Arlington, MA 2174
    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
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $33.0 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $28Total assets
  • $34,963Cash and due from depository institutions
  • $2,064Interest-bearing balances
  • $0Securities
  • $20,552Federal funds sold & reverse repurchase agreements
  • $2,750Net loans & leases
  • $8,314Loan loss allowance
  • $121Trading account assets
  • $0Bank premises and fixed assets
  • $693Other real estate owned
  • $0Goodwill and other intangibles
  • $590Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $34,963Total liabilities
  • $31,667Total deposits
  • $31,667Interest-bearing deposits
  • $18,529Deposits held in domestic offices
  • 31667.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $0Total equity capital
  • $0Total bank equity capital
  • $3,296Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $504Undivided profits
  • Memoranda
  • $2,292Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $29Income earned, not collected on loans
  • $63Earning assets
  • $31,616Long-term assets (5+ years)
  • $5,383Average Assets, year-to-date
  • $34,190Average Assets, quarterly
  • $34,295Volatile liabilities
  • $0Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,296Total risk weighted assets
  • $8,655Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,383Total interest expense
  • $530Net interest income
  • $1,853Provision for loan and lease losses
  • $0Total noninterest income
  • $491Fiduciary activities
  • $0Service charges on deposit accounts
  • $339Trading account gains & fees
  • $0Additional noninterest income
  • $152Total noninterest expense
  • $1,926Salaries and employee benefits
  • $881Premises and equipment expense
  • $383Additional noninterest expense
  • $662Pre-tax net operating income
  • $418Securities gains (losses)
  • $23Applicable income taxes
  • $186Income before extraordinary items
  • $255Extraordinary gains - net
  • $0Net income attributable to bank
  • $255Net charge-offs
  • $0Cash dividends
  • $89Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.76%Cost of funding earning assets
  • 1.73%Net interest margin
  • 6.03%Noninterest income to earning assets
  • 1.60%Noninterest expense to earning assets
  • 6.27%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 0.75%Pretax return on assets
  • 1.29%Return on equity (ROE)
  • 7.93%Retained earnings to average equity (YTD only)
  • 5.16%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 82,167Assets per employee
  • 1.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.90%Loss allowance to loans
  • 1.43%Loss allowance to noncurrent loans
  • 417.24%Noncurrent assets plus other real estate owned to assets
  • 0.08%Noncurrent loans to loans
  • 0.34%Net loans and leases to deposits
  • 26.25%Net loans and leases to core deposits
  • 26.25%Equity capital to assets
  • 9.43%Core capital (leverage) ratio
  • 9.44%Tier 1 risk-based capital ratio
  • 38.08%Total risk-based capital ratio
  • Memoranda
  • $39Average assets
  • $34,190Average earning assets
  • $3,217Average equity
  • $30,716Average loans

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