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

  • The Lenox National Bank in Lenox, Massachusetts (MA)
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The Lenox National Bank - Overview

  • General
  • FDIC Certificate #: 2598
    Status: Active
    Federal Reserve ID: 791205
    Date Established: April 18, 1889
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 11848
    FDIC's unique #: 1686
    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: All Other Specialization < 1 Billion
    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: 7 Main Street, Lenox, MA 1240
    County: Berkshire
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Springfield Ma
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Pittsfield, MA (#6320)
    Core Based Statistical Area (CBSA): Pittsfield, MA (#38340)
    CBSA Metro Statistical Area: Pittsfield, MA (#38340)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $60.0 mil
    Equity capital: $7.7 mil
    Deposits held in domestic offices: $52.2 mil
    Return on assets (ROA): 0.62% ($0.4 mil)
    Quarterly return on assets: 0.27% ($0.2 mil)
    Return on Equity (ROE): 4.75% ($0.4 mil)
    Quarterly return on equity: 2.13% ($0.2 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.97% ($582.3 mil)
    Quarterly Pretax return on assets: 0.54% ($324.2 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
  • 14Total employees (full-time equivalent)
  • $60,029Total assets
  • $1,284Cash and due from depository institutions
  • $33Interest-bearing balances
  • $27,259Securities
  • $5,731Federal funds sold & reverse repurchase agreements
  • $24,516Net loans & leases
  • $472Loan loss allowance
  • $0Trading account assets
  • $240Bank premises and fixed assets
  • $103Other real estate owned
  • $0Goodwill and other intangibles
  • $60,029Life insurance assets
  • $896All other assets
  • $52,350Total liabilities and capital
  • $52,231Total liabilities
  • $43,541Total deposits
  • $52,231Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $119Subordinated debt
  • $7,679All other liabilities
  • $7,679Total equity capital
  • $7,679Total bank equity capital
  • $0Perpetual preferred stock
  • $103Common stock
  • $103Surplus
  • $7,473Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $401Income earned, not collected on loans
  • $0Earning assets
  • $262Long-term assets (5+ years)
  • $57,539Average Assets, year-to-date
  • $40,290Average Assets, quarterly
  • $57,505Volatile liabilities
  • $60,384Insider loans
  • $26,004FHLB advances
  • $61,206Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,679Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,837Restructured Loans and leases
  • $1,894Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,353Total interest income
  • $478Total interest expense
  • $1,875Net interest income
  • $10Provision for loan and lease losses
  • $114Total noninterest income
  • $0Fiduciary activities
  • $72Service charges on deposit accounts
  • $0Trading account gains & fees
  • $42Additional noninterest income
  • $1,429Total noninterest expense
  • $887Salaries and employee benefits
  • $118Premises and equipment expense
  • $424Additional noninterest expense
  • $550Pre-tax net operating income
  • $5Securities gains (losses)
  • $196Applicable income taxes
  • $359Income before extraordinary items
  • $0Extraordinary gains - net
  • $359Net income attributable to bank
  • $0Net charge-offs
  • $359Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $74Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.30%Yield on earning assets
  • 0.87%Cost of funding earning assets
  • 3.43%Net interest margin
  • 0.21%Noninterest income to earning assets
  • 2.61%Noninterest expense to earning assets
  • 0.62%Net operating income to assets
  • 0.62%Return on assets (ROA)
  • 0.97%Pretax return on assets
  • 4.75%Return on equity (ROE)
  • 3.77%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
  • 71,845Assets per employee
  • 4.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 20.61%Loss allowance to loans
  • 1.89%Loss allowance to noncurrent loans
  • 117.71%Noncurrent assets plus other real estate owned to assets
  • 0.84%Noncurrent loans to loans
  • 1.60%Net loans and leases to deposits
  • 46.94%Net loans and leases to core deposits
  • 58.98%Equity capital to assets
  • 12.79%Core capital (leverage) ratio
  • 12.55%Tier 1 risk-based capital ratio
  • 29.53%Total risk-based capital ratio
  • Memoranda
  • $31Average assets
  • $57,505Average earning assets
  • $7,564Average equity
  • $54,743Average loans

List of branches

  • 1 Massachusetts Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01686The Lenox National Bank7 Main Street, Lenox, MA 1240April 18, 1889Full Service Brick and Mortar

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