The Bank of Canton in Canton, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Bank of Canton - Overview

  • General
  • FDIC Certificate #: 90175
    Status: Active
    Federal Reserve ID: 853804
    Bank Holding Company (Regulatory Top Holder): Ponkapoag Bancorp, Mhc (RSSDID: 3223855, Location: Canton, MA)
    Date Established: March 04, 1835
    WWW: http://www.bankofcanton.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 8486
    FDIC's unique #: 17768
    Numeric code: 41
    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: October 11, 1985
    Last Structure Change Effective Date: Febuary 04, 2009
    Last Structure Change Process Date: Febuary 04, 2009
    Last Data Update: Febuary 04, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 490 Turnpike Street, Canton, MA 2021
    County: Norfolk
    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): 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: Boston-Quincy, MA (#14484)
  • Financial Summary
  • Total assets: $634.2 mil
    Equity capital: $52.5 mil
    Deposits held in domestic offices: $543.9 mil
    Return on assets (ROA): 0.04% ($0.3 mil)
    Quarterly return on assets: 0.02% ($0.1 mil)
    Return on Equity (ROE): 0.53% ($0.3 mil)
    Quarterly return on equity: 0.28% ($0.1 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: -0.01% (-$63.4 mil)
    Quarterly Pretax return on assets: -0.06% (-$380.5 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
  • 167Total employees (full-time equivalent)
  • $634,192Total assets
  • $32,243Cash and due from depository institutions
  • $23,171Interest-bearing balances
  • $83,457Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $472,277Net loans & leases
  • $6,669Loan loss allowance
  • $0Trading account assets
  • $6,156Bank premises and fixed assets
  • $5,492Other real estate owned
  • $0Goodwill and other intangibles
  • $634,192Life insurance assets
  • $34,567All other assets
  • $581,694Total liabilities and capital
  • $543,878Total liabilities
  • $519,977Total deposits
  • $543,878Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 13503.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $17,754Trading liabilities
  • $0Other borrowed funds
  • $6,559Subordinated debt
  • $52,498All other liabilities
  • $52,498Total equity capital
  • $52,498Total bank equity capital
  • $0Perpetual preferred stock
  • $3Common stock
  • $10,550Surplus
  • $41,945Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $34,774Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $16,992Income earned, not collected on loans
  • $0Earning assets
  • $1,703Long-term assets (5+ years)
  • $578,905Average Assets, year-to-date
  • $165,619Average Assets, quarterly
  • $639,754Volatile liabilities
  • $629,910Insider loans
  • $424,389FHLB advances
  • $630,367Loans and leases held for sale
  • $13,380Unused loan commitments
  • $11,462Tier 1 (core) risk-based capital
  • $52,538Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,918Total unused commitments
  • $67,135Restructured Loans and leases
  • $1,849Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $28,549Total interest income
  • $4,722Total interest expense
  • $23,827Net interest income
  • $2,658Provision for loan and lease losses
  • $8,368Total noninterest income
  • $0Fiduciary activities
  • $415Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,953Additional noninterest income
  • $29,674Total noninterest expense
  • $18,457Salaries and employee benefits
  • $2,323Premises and equipment expense
  • $8,894Additional noninterest expense
  • -$137Pre-tax net operating income
  • $72Securities gains (losses)
  • -$341Applicable income taxes
  • $276Income before extraordinary items
  • $0Extraordinary gains - net
  • $276Net income attributable to bank
  • $0Net charge-offs
  • $276Cash dividends
  • $2,655Sale, conversion, retirement of capital stock, net
  • $50Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.89%Yield on earning assets
  • 0.81%Cost of funding earning assets
  • 4.08%Net interest margin
  • 1.43%Noninterest income to earning assets
  • 5.08%Noninterest expense to earning assets
  • 0.04%Net operating income to assets
  • 0.04%Return on assets (ROA)
  • -0.01%Pretax return on assets
  • 0.53%Return on equity (ROE)
  • 0.43%Retained earnings to average equity (YTD only)
  • 0.55%Net charge-offs to loans
  • 100.11%Credit loss provision to net charge-offs
  • 0.95%Efficiency ratio
  • 92,170Assets per employee
  • 3.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 18.12%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 39.25%Noncurrent assets plus other real estate owned to assets
  • 3.55%Noncurrent loans to loans
  • 3.55%Net loans and leases to deposits
  • 86.84%Net loans and leases to core deposits
  • 89.54%Equity capital to assets
  • 8.28%Core capital (leverage) ratio
  • 8.33%Tier 1 risk-based capital ratio
  • 12.38%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $639,754Average earning assets
  • $52,046Average equity
  • $583,958Average 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
  • $2,203Managed Assets
  • 1Number of Accounts
  • $2,203Personal trust and agency accounts
  • $2,203Employee 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
  • 289Number 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
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 9 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017768The Bank Of Canton490 Turnpike Street, Canton, MA 2021March 04, 1835Full Service Brick and Mortar
    1291055Quincy Branch275 Quincy Avenue, Quincy, MA 2169September 29, 1997Full Service Brick and Mortar
    2356952Randolph Branch67 North Main Street, Randolph, MA 2368July 07, 2000Full Service Brick and Mortar
    3358944Turnpike Street Branch259 Turnpike Street, Canton, MA 2021November 20, 2000Full Service Brick and Mortar
    4442524Brookline Branch166 Harvard Street, Brookline, MA 2446June 01, 2005Full Service Brick and Mortar
    7483200Waltham Loan Production Office303 Wyman Street, Waltham, MA 2454December 03, 2008Limited Service Loan Production
    8510422Washington St Branch557 Washington Street, Canton, MA 2021April 07, 2005Full Service Brick and Mortar
    9510438Marshfield Loan Production Office20 Congress Street, Marshfield, MA 2050Febuary 25, 2009Limited Service Loan Production
    10510439Auburn Loan Production Office850 Southbridge Street, Auburn, MA 1501December 13, 2007Limited Service Loan Production

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