The Foxboro National Bank of Foxborough in Foxboro, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 21, 1998

  • The Foxboro National Bank of Foxborough in Foxboro, Massachusetts (MA)
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The Foxboro National Bank of Foxborough - Overview

  • General
  • FDIC Certificate #: 2581
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Benjamin Franklin Bank (#90200)
    Federal Reserve ID: 869207
    Date Established: June 01, 1909
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    OTS Docket #: 10607
    FDIC's unique #: 1674
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 21, 1998
    Last Structure Change Process Date: March 26, 1998
    Last Data Update: March 26, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 1 Mechanic Street, Foxboro, MA 2035
    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: $70.4 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
  • 39Total employees (full-time equivalent)
  • $70,402Total assets
  • $2,443Cash and due from depository institutions
  • $26Interest-bearing balances
  • $19,672Securities
  • $850Federal funds sold & reverse repurchase agreements
  • $46,225Net loans & leases
  • $360Loan loss allowance
  • $0Trading account assets
  • $647Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $565All other assets
  • $70,402Total liabilities and capital
  • $64,037Total liabilities
  • $57,090Total deposits
  • $47,515Interest-bearing deposits
  • $57,090Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $6,648Other borrowed funds
  • $0Subordinated debt
  • $299All other liabilities
  • $6,365Total equity capital
  • $6,365Total bank equity capital
  • $6,365Perpetual preferred stock
  • $0Common stock
  • $400Surplus
  • $400Undivided profits
  • Memoranda
  • $5,565Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $243Earning assets
  • $26Long-term assets (5+ years)
  • $221Average Assets, year-to-date
  • $66,773Average Assets, quarterly
  • $24,239Volatile liabilities
  • $71,848Insider loans
  • $71,893FHLB advances
  • $5,524Loans and leases held for sale
  • $401Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,921Total unused commitments
  • $0Restructured Loans and leases
  • $41,303Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $5,707Total interest income
  • $2,331Total interest expense
  • $3,376Net interest income
  • $64Provision for loan and lease losses
  • $376Total noninterest income
  • $0Fiduciary activities
  • $187Service charges on deposit accounts
  • $0Trading account gains & fees
  • $189Additional noninterest income
  • $2,605Total noninterest expense
  • $1,381Salaries and employee benefits
  • $271Premises and equipment expense
  • $953Additional noninterest expense
  • $1,083Pre-tax net operating income
  • $0Securities gains (losses)
  • $414Applicable income taxes
  • $669Income before extraordinary items
  • $0Extraordinary gains - net
  • $669Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $21Sale, conversion, retirement of capital stock, net
  • $120Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.45%Yield on earning assets
  • 3.45%Cost of funding earning assets
  • 5.00%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 3.86%Noninterest expense to earning assets
  • 0.93%Net operating income to assets
  • 0.93%Return on assets (ROA)
  • 1.51%Pretax return on assets
  • 10.88%Return on equity (ROE)
  • 8.93%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 304.76%Credit loss provision to net charge-offs
  • 54.62%Efficiency ratio
  • 69,430Assets per employee
  • 1.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 17.94%Loss allowance to loans
  • 0.77%Loss allowance to noncurrent loans
  • 148.15%Noncurrent assets plus other real estate owned to assets
  • 0.35%Noncurrent loans to loans
  • 0.52%Net loans and leases to deposits
  • 80.97%Net loans and leases to core deposits
  • 83.94%Equity capital to assets
  • 9.04%Core capital (leverage) ratio
  • 8.72%Tier 1 risk-based capital ratio
  • 15.38%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $71,848Average earning assets
  • $6,148Average equity
  • $67,530Average loans

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