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

The Edgartown National Bank - Overview

  • General
  • FDIC Certificate #: 2575
    Status: Active
    Federal Reserve ID: 767705
    Bank Holding Company (Regulatory Top Holder): Island Bancorp, Inc. (RSSDID: 2905529, Location: Edgartown, MA)
    Date Established: September 02, 1905
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 13512
    FDIC's unique #: 1669
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    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: 2 South Water Street, Edgartown, MA 2539
    County: Dukes
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $132.0 mil
    Equity capital: $15.9 mil
    Deposits held in domestic offices: $104.3 mil
    Return on assets (ROA): 0.74% ($1.0 mil)
    Quarterly return on assets: 0.84% ($1.1 mil)
    Return on Equity (ROE): 7.13% ($1.1 mil)
    Quarterly return on equity: 7.15% ($1.1 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.18% ($1,557.5 mil)
    Quarterly Pretax return on assets: 1.35% ($1,781.9 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
  • 37Total employees (full-time equivalent)
  • $131,993Total assets
  • $3,134Cash and due from depository institutions
  • $918Interest-bearing balances
  • $15,871Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $105,074Net loans & leases
  • $1,000Loan loss allowance
  • $0Trading account assets
  • $2,189Bank premises and fixed assets
  • $1,256Other real estate owned
  • $0Goodwill and other intangibles
  • $131,993Life insurance assets
  • $4,469All other assets
  • $116,102Total liabilities and capital
  • $104,280Total liabilities
  • $82,906Total deposits
  • $104,280Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 3671.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,326Trading liabilities
  • $0Other borrowed funds
  • $825Subordinated debt
  • $15,891All other liabilities
  • $15,891Total equity capital
  • $15,891Total bank equity capital
  • $0Perpetual preferred stock
  • $978Common stock
  • $6,395Surplus
  • $8,518Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $951Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,850Income earned, not collected on loans
  • $0Earning assets
  • $459Long-term assets (5+ years)
  • $121,863Average Assets, year-to-date
  • $23,996Average Assets, quarterly
  • $132,219Volatile liabilities
  • $135,080Insider loans
  • $95,507FHLB advances
  • $136,444Loans and leases held for sale
  • $2,342Unused loan commitments
  • $2,342Tier 1 (core) risk-based capital
  • $16,176Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $26,528Restructured Loans and leases
  • $597Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,520Total interest income
  • $620Total interest expense
  • $4,900Net interest income
  • $49Provision for loan and lease losses
  • $879Total noninterest income
  • $0Fiduciary activities
  • $249Service charges on deposit accounts
  • $0Trading account gains & fees
  • $630Additional noninterest income
  • $4,226Total noninterest expense
  • $2,611Salaries and employee benefits
  • $403Premises and equipment expense
  • $1,212Additional noninterest expense
  • $1,504Pre-tax net operating income
  • $54Securities gains (losses)
  • $586Applicable income taxes
  • $972Income before extraordinary items
  • $0Extraordinary gains - net
  • $972Net income attributable to bank
  • $0Net charge-offs
  • $972Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $765Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.50%Yield on earning assets
  • 0.51%Cost of funding earning assets
  • 4.00%Net interest margin
  • 0.72%Noninterest income to earning assets
  • 3.45%Noninterest expense to earning assets
  • 0.71%Net operating income to assets
  • 0.74%Return on assets (ROA)
  • 1.18%Pretax return on assets
  • 7.13%Return on equity (ROE)
  • 1.52%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 73,127Assets per employee
  • 3.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 78.70%Loss allowance to loans
  • 0.94%Loss allowance to noncurrent loans
  • 54.05%Noncurrent assets plus other real estate owned to assets
  • 2.35%Noncurrent loans to loans
  • 1.74%Net loans and leases to deposits
  • 100.76%Net loans and leases to core deposits
  • 104.17%Equity capital to assets
  • 12.04%Core capital (leverage) ratio
  • 11.86%Tier 1 risk-based capital ratio
  • 16.94%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $132,219Average earning assets
  • $13,632Average equity
  • $122,549Average loans

List of branches

  • 4 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01669The Edgartown National Bank2 South Water Street, Edgartown, MA 2539September 02, 1905Full Service Brick and Mortar
    1193442Upper Main Street Branch251 Upper Main Street, Edgartown, MA 2539May 10, 1982Full Service Brick and Mortar
    2193443Oak Bluffs Branch24b Circuit Avenue, Oak Bluffs, MA 2557August 06, 1987Full Service Brick and Mortar
    4419629Vineyard Haven Ii Branch257 Edgartown Road, Vineyard Haven, MA 2568November 22, 2002Full Service Brick and Mortar

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