The Braintree Savings Bank in Braintree, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 17, 1997

  • The Braintree Savings Bank in Braintree, Massachusetts (MA)
  • Show street view No street view available for this location

The Braintree Savings Bank - Overview

  • General
  • FDIC Certificate #: 90168
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: USTrust (#17971)
    Federal Reserve ID: 697008
    Date Established: August 20, 1870
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 9 (Interstate: No)
    OTS Docket #: 8305
    FDIC's unique #: 17761
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 16, 1985
    Last Structure Change Effective Date: May 17, 1997
    Last Structure Change Process Date: May 22, 1997
    Last Data Update: May 23, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 865 Washington Street, Braintree, MA 2184
    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: $519.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $98Total assets
  • $528,515Cash and due from depository institutions
  • $14,401Interest-bearing balances
  • $0Securities
  • $134,401Federal funds sold & reverse repurchase agreements
  • $33,210Net loans & leases
  • $325,219Loan loss allowance
  • $5,518Trading account assets
  • $0Bank premises and fixed assets
  • $5,154Other real estate owned
  • $337Goodwill and other intangibles
  • $3,962Life insurance assets
  • $11,831All other assets
  • $0Total liabilities and capital
  • $528,515Total liabilities
  • $480,302Total deposits
  • $465,790Interest-bearing deposits
  • $427,182Deposits held in domestic offices
  • 465790.00%% insured (estimated)
  • $91Federal funds purchased & repurchase agreements
  • $765Trading liabilities
  • $0Other borrowed funds
  • $10,573Subordinated debt
  • $0All other liabilities
  • $3,174Total equity capital
  • $3,174Total bank equity capital
  • $48,213Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $39,213Undivided profits
  • Memoranda
  • $9,000Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,245Income earned, not collected on loans
  • $1,629Earning assets
  • $492,830Long-term assets (5+ years)
  • $112,068Average Assets, year-to-date
  • $529,844Average Assets, quarterly
  • $531,717Volatile liabilities
  • $32,647Insider loans
  • $1,410FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $40,279Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $36,643Total risk weighted assets
  • $288,527Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $38,413Total interest expense
  • $17,059Net interest income
  • $21,354Provision for loan and lease losses
  • $750Total noninterest income
  • $2,199Fiduciary activities
  • $378Service charges on deposit accounts
  • $1,247Trading account gains & fees
  • $0Additional noninterest income
  • $574Total noninterest expense
  • $14,408Salaries and employee benefits
  • $5,266Premises and equipment expense
  • $1,472Additional noninterest expense
  • $7,670Pre-tax net operating income
  • $8,395Securities gains (losses)
  • $60Applicable income taxes
  • $3,301Income before extraordinary items
  • $5,154Extraordinary gains - net
  • $0Net income attributable to bank
  • $5,154Net charge-offs
  • $1,232Cash dividends
  • $5,052Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.83%Cost of funding earning assets
  • 3.48%Net interest margin
  • 4.36%Noninterest income to earning assets
  • 0.45%Noninterest expense to earning assets
  • 2.94%Net operating income to assets
  • 0.97%Return on assets (ROA)
  • 0.97%Pretax return on assets
  • 1.60%Return on equity (ROE)
  • 10.74%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 0.37%Credit loss provision to net charge-offs
  • 60.88%Efficiency ratio
  • 57,309Assets per employee
  • 5.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 98.02%Loss allowance to loans
  • 1.67%Loss allowance to noncurrent loans
  • 105.20%Noncurrent assets plus other real estate owned to assets
  • 1.06%Noncurrent loans to loans
  • 1.59%Net loans and leases to deposits
  • 69.82%Net loans and leases to core deposits
  • 74.95%Equity capital to assets
  • 9.12%Core capital (leverage) ratio
  • 7.04%Tier 1 risk-based capital ratio
  • 12.70%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $529,844Average earning assets
  • $48,001Average equity
  • $490,299Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Braintree Savings Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents