The Beverly National Bank in city_name, state_name - Detailed Financial Reports, Location

The Beverly National Bank in Beverly, Massachusetts (MA)
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The Beverly National Bank - Overview

General
FDIC Certificate #: 2557
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Danversbank (#90185)
Federal Reserve ID: 161107
Date Established: June 23, 1802
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 9 (Interstate: No)
FDIC's unique #: 1659
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: Febuary 12, 2010
Last Structure Change Process Date: March 05, 2010
Last Data Update: March 05, 2010
Data Source Date: April 05, 2012
Location
Address: 240 Cabot Street, Beverly, MA 1915
County: Essex
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: Peabody, MA (#37764)
Financial Summary
Total assets: $535.4 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, 2009)

Dollar figures in thousands
91Total employees (full-time equivalent)
$535,381Total assets
$35,427Cash and due from depository institutions
$25,619Interest-bearing balances
$156,290Securities
$1Federal funds sold & reverse repurchase agreements
$308,768Net loans & leases
$4,378Loan loss allowance
$0Trading account assets
$6,809Bank premises and fixed assets
$0Other real estate owned
$19Goodwill and other intangibles
$7,240Life insurance assets
$28,067All other assets
$535,381Total liabilities and capital
$502,189Total liabilities
$412,823Total deposits
$322,712Interest-bearing deposits
$412,823Deposits held in domestic offices
66.51%% insured (estimated)
$20,990Federal funds purchased & repurchase agreements
$0Trading liabilities
$55,107Other borrowed funds
$0Subordinated debt
$13,269All other liabilities
$33,192Total equity capital
$33,192Total bank equity capital
$33,192Perpetual preferred stock
$0Common stock
$645Surplus
$17,817Undivided profits
Memoranda
$14,730Noncurrent loans and leases
$59,962Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,612Earning assets
$0Long-term assets (5+ years)
$1,540Average Assets, year-to-date
$490,678Average Assets, quarterly
$199,208Volatile liabilities
$505,655Insider loans
$532,623FHLB advances
$53,960Loans and leases held for sale
$201Unused loan commitments
$55,107Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$59,962Total unused commitments
$0Restructured Loans and leases
$4,094Derivatives

Income and Expense (December 31, 2009)

Dollar figures in thousands
$3,693Total interest income
$974Total interest expense
$2,719Net interest income
$0Provision for loan and lease losses
$633Total noninterest income
$263Fiduciary activities
$188Service charges on deposit accounts
$0Trading account gains & fees
$182Additional noninterest income
$2,191Total noninterest expense
$1,272Salaries and employee benefits
$390Premises and equipment expense
$529Additional noninterest expense
$1,161Pre-tax net operating income
$2Securities gains (losses)
$187Applicable income taxes
$976Income before extraordinary items
$0Extraordinary gains - net
$976Net income attributable to bank
$0Net charge-offs
$976Cash dividends
$179Sale, conversion, retirement of capital stock, net
$1,000Net operating income

Performance and Condition Ratios (December 31, 2009)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.79%Yield on earning assets
0.21%Cost of funding earning assets
0.58%Net interest margin
0.14%Noninterest income to earning assets
0.47%Noninterest expense to earning assets
0.19%Net operating income to assets
0.19%Return on assets (ROA)
0.23%Pretax return on assets
2.53%Return on equity (ROE)
-0.06%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
6.49%Efficiency ratio
65,364Assets per employee
5.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
102.46%Loss allowance to loans
1.40%Loss allowance to noncurrent loans
271.59%Noncurrent assets plus other real estate owned to assets
0.30%Noncurrent loans to loans
0.51%Net loans and leases to deposits
74.79%Net loans and leases to core deposits
79.82%Equity capital to assets
6.20%Core capital (leverage) ratio
6.08%Tier 1 risk-based capital ratio
9.65%Total risk-based capital ratio
Memoranda
$11Average assets
$505,655Average earning assets
$38,544Average equity
$465,476Average loans

Total Fiduciary and Related Assets (December 31, 2009)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$202,843Managed Assets
1Number of Accounts
$199,985Personal trust and agency accounts
$87,068Employee benefit-defined contribution accounts
$2,712Employee benefit-defined benefit accounts
$5,782Other retirement accounts
$22,176Corporate trust and agency accounts
$0Investment management agency accounts
$82,247Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
508Number of Accounts
$0Personal trust and agency accounts
$22,176Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$2,858Other retirement accounts
$2,857Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

The Beverly National Bank in Beverly, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Beverly National Bank - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Total Fiduciary and Related Assets (December 31, 2009)

Comment about this bank, ask questions, or add new information about it:

The Beverly National Bank in Beverly, Massachusetts (MA)Overview, Financial Summary, Detailed Financial Reports, Branches

The Beverly National Bank - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Total Fiduciary and Related Assets (December 31, 2009)

Comment about this bank, ask questions, or add new information about it:

The Beverly National Bank in Beverly, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches