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

This bank is inactive as of December 04, 1998

  • The Federal Savings Bank in Waltham, Massachusetts (MA)
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The Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 28202
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: USTrust (#17971)
    Federal Reserve ID: 944579
    Date Established: January 01, 1880
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 1126
    FDIC's unique #: 41036
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: March 01, 1937
    Last Structure Change Effective Date: December 04, 1998
    Last Structure Change Process Date: December 07, 1998
    Last Data Update: December 07, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 716 Main St, Waltham, MA 2154
    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)
  • Financial Summary
  • Total assets: $538.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 95Total employees (full-time equivalent)
  • $604,831Total assets
  • $8,254Cash and due from depository institutions
  • $2,630Interest-bearing balances
  • $226,014Securities
  • $3,700Federal funds sold & reverse repurchase agreements
  • $343,218Net loans & leases
  • $4,923Loan loss allowance
  • $0Trading account assets
  • $5,725Bank premises and fixed assets
  • $1Other real estate owned
  • $13Goodwill and other intangibles
  • $0Life insurance assets
  • $17,906All other assets
  • $604,831Total liabilities and capital
  • $550,238Total liabilities
  • $390,995Total deposits
  • $377,662Interest-bearing deposits
  • $390,995Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $8,112Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $147,623Other borrowed funds
  • $0Subordinated debt
  • $3,508All other liabilities
  • $54,593Total equity capital
  • $54,593Total bank equity capital
  • $54,593Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $14,381Undivided profits
  • Memoranda
  • $40,211Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,628Earning assets
  • $0Long-term assets (5+ years)
  • $2,164Average Assets, year-to-date
  • $575,562Average Assets, quarterly
  • $0Volatile liabilities
  • $564,742Insider loans
  • $592,930FHLB advances
  • $233,065Loans and leases held for sale
  • $842Unused loan commitments
  • $147,230Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $45,966Total unused commitments
  • $0Restructured Loans and leases
  • $302,566Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $42,449Total interest income
  • $25,162Total interest expense
  • $17,287Net interest income
  • $180Provision for loan and lease losses
  • $1,694Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,694Additional noninterest income
  • $8,186Total noninterest expense
  • $5,067Salaries and employee benefits
  • $1,519Premises and equipment expense
  • $1,600Additional noninterest expense
  • $10,615Pre-tax net operating income
  • -$19Securities gains (losses)
  • $4,088Applicable income taxes
  • $6,508Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,508Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$36Sale, conversion, retirement of capital stock, net
  • $2,149Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.90%Yield on earning assets
  • 4.68%Cost of funding earning assets
  • 3.22%Net interest margin
  • 0.32%Noninterest income to earning assets
  • 1.52%Noninterest expense to earning assets
  • 1.15%Net operating income to assets
  • 1.15%Return on assets (ROA)
  • 1.88%Pretax return on assets
  • 12.66%Return on equity (ROE)
  • 8.48%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -500.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 43,127Assets per employee
  • 6.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 33.02%Loss allowance to loans
  • 1.41%Loss allowance to noncurrent loans
  • 187.33%Noncurrent assets plus other real estate owned to assets
  • 0.43%Noncurrent loans to loans
  • 0.75%Net loans and leases to deposits
  • 87.78%Net loans and leases to core deposits
  • 109.42%Equity capital to assets
  • 9.03%Core capital (leverage) ratio
  • 9.00%Tier 1 risk-based capital ratio
  • 17.99%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $564,742Average earning assets
  • $51,393Average equity
  • $537,347Average loans

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