The Pittsfield Co-operative Bank in Pittsfield, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • The Pittsfield Co-operative Bank in Pittsfield, Massachusetts (MA)
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The Pittsfield Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 26393
    Status: Active
    Federal Reserve ID: 1000276
    Date Established: January 01, 1889
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 1219
    FDIC's unique #: 33001
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: October 08, 1985
    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: 70 South Street, Pittsfield, MA 1201
    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: $230.2 mil
    Equity capital: $38.9 mil
    Deposits held in domestic offices: $182.7 mil
    Return on assets (ROA): 0.43% ($1.0 mil)
    Quarterly return on assets: 0.38% ($0.9 mil)
    Return on Equity (ROE): 2.55% ($1.0 mil)
    Quarterly return on equity: 2.23% ($0.9 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.53% ($1,220.0 mil)
    Quarterly Pretax return on assets: 0.33% ($759.6 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
  • 50Total employees (full-time equivalent)
  • $230,183Total assets
  • $9,854Cash and due from depository institutions
  • $6,285Interest-bearing balances
  • $34,604Securities
  • $1,394Federal funds sold & reverse repurchase agreements
  • $164,171Net loans & leases
  • $2,075Loan loss allowance
  • $0Trading account assets
  • $3,212Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $230,183Life insurance assets
  • $16,948All other assets
  • $191,266Total liabilities and capital
  • $182,708Total liabilities
  • $167,232Total deposits
  • $182,708Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,870Trading liabilities
  • $0Other borrowed funds
  • $688Subordinated debt
  • $38,917All other liabilities
  • $38,917Total equity capital
  • $38,917Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $3,871Surplus
  • $35,046Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $854Income earned, not collected on loans
  • $0Earning assets
  • $565Long-term assets (5+ years)
  • $206,454Average Assets, year-to-date
  • $70,475Average Assets, quarterly
  • $227,398Volatile liabilities
  • $228,939Insider loans
  • $150,854FHLB advances
  • $229,514Loans and leases held for sale
  • $11,893Unused loan commitments
  • $11,893Tier 1 (core) risk-based capital
  • $38,328Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $17,465Restructured Loans and leases
  • $7,245Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,586Total interest income
  • $2,370Total interest expense
  • $7,216Net interest income
  • $626Provision for loan and lease losses
  • $614Total noninterest income
  • $0Fiduciary activities
  • $214Service charges on deposit accounts
  • $0Trading account gains & fees
  • $400Additional noninterest income
  • $6,266Total noninterest expense
  • $3,339Salaries and employee benefits
  • $902Premises and equipment expense
  • $2,025Additional noninterest expense
  • $938Pre-tax net operating income
  • $261Securities gains (losses)
  • $218Applicable income taxes
  • $981Income before extraordinary items
  • $0Extraordinary gains - net
  • $981Net income attributable to bank
  • $0Net charge-offs
  • $981Cash dividends
  • $383Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.74%Yield on earning assets
  • 1.17%Cost of funding earning assets
  • 3.57%Net interest margin
  • 0.30%Noninterest income to earning assets
  • 3.10%Noninterest expense to earning assets
  • 0.34%Net operating income to assets
  • 0.43%Return on assets (ROA)
  • 0.53%Pretax return on assets
  • 2.55%Return on equity (ROE)
  • 2.55%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 163.45%Credit loss provision to net charge-offs
  • 4.08%Efficiency ratio
  • 80,026Assets per employee
  • 4.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 242.97%Noncurrent assets plus other real estate owned to assets
  • 0.37%Noncurrent loans to loans
  • 0.51%Net loans and leases to deposits
  • 89.85%Net loans and leases to core deposits
  • 105.53%Equity capital to assets
  • 16.91%Core capital (leverage) ratio
  • 16.70%Tier 1 risk-based capital ratio
  • 25.41%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $227,398Average earning assets
  • $38,441Average equity
  • $202,141Average loans

List of branches

  • 4 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    033001The Pittsfield Co-Operative Bank70 South Street, Pittsfield, MA 1201January 01, 1889Full Service Brick and Mortar
    2259315Dalton Branch488 Main Street, Dalton, MA 1226January 01, 1962Full Service Brick and Mortar
    3259316Great Barrington Branch325 Main Street, Great Barrington, MA 1230May 01, 1970Full Service Brick and Mortar
    4259317Dalton Avenue Branch110 Dalton Avenue, Pittsfield, MA 1201November 15, 1999Full Service Brick and Mortar

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