USTrust in Boston, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 11, 2000

  • USTrust in Boston, Massachusetts (MA)
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USTrust - Overview

  • General
  • FDIC Certificate #: 17971
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens Bank of Massachusetts (#18562)
    Federal Reserve ID: 827001
    Date Established: March 12, 1959
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 85 (Interstate: No)
    OTS Docket #: 13563
    FDIC's unique #: 11903
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: March 12, 1959
    Last Structure Change Effective Date: January 11, 2000
    Last Structure Change Process Date: January 14, 2000
    Last Data Update: January 14, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 30 Court Street, Boston, MA 2108
    County: Suffolk
    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: Boston-Quincy, MA (#14484)
  • Financial Summary
  • Total assets: $5,732.9 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 1,711Total employees (full-time equivalent)
  • $5,732,885Total assets
  • $156,535Cash and due from depository institutions
  • $326Interest-bearing balances
  • $911,927Securities
  • $18,978Federal funds sold & reverse repurchase agreements
  • $4,389,051Net loans & leases
  • $67,875Loan loss allowance
  • $0Trading account assets
  • $114,186Bank premises and fixed assets
  • $704Other real estate owned
  • $71,198Goodwill and other intangibles
  • $0Life insurance assets
  • $70,306All other assets
  • $5,732,885Total liabilities and capital
  • $5,221,514Total liabilities
  • $4,217,710Total deposits
  • $3,229,541Interest-bearing deposits
  • $4,217,710Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $925,588Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $27,797Other borrowed funds
  • $0Subordinated debt
  • $50,419All other liabilities
  • $511,371Total equity capital
  • $511,371Total bank equity capital
  • $511,371Perpetual preferred stock
  • $0Common stock
  • $8,619Surplus
  • $242,671Undivided profits
  • Memoranda
  • $260,081Noncurrent loans and leases
  • $1,407,113Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $28,271Earning assets
  • $465Long-term assets (5+ years)
  • $22,117Average Assets, year-to-date
  • $5,320,282Average Assets, quarterly
  • $2,010,058Volatile liabilities
  • $5,947,558Insider loans
  • $5,976,985FHLB advances
  • $1,233,283Loans and leases held for sale
  • $28,947Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $46,266Tier 2 risk-based capital
  • $167Total risk weighted assets
  • $1,407,113Total unused commitments
  • $0Restructured Loans and leases
  • $60,552Derivatives
  • $7,260Total assets and liabilities in foreign offices

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $436,888Total interest income
  • $168,041Total interest expense
  • $268,847Net interest income
  • $13,993Provision for loan and lease losses
  • $47,403Total noninterest income
  • $0Fiduciary activities
  • $15,410Service charges on deposit accounts
  • $0Trading account gains & fees
  • $31,993Additional noninterest income
  • $197,546Total noninterest expense
  • $95,397Salaries and employee benefits
  • $29,347Premises and equipment expense
  • $72,802Additional noninterest expense
  • $104,711Pre-tax net operating income
  • -$5,623Securities gains (losses)
  • $35,150Applicable income taxes
  • $63,938Income before extraordinary items
  • $0Extraordinary gains - net
  • $63,938Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $11,065Sale, conversion, retirement of capital stock, net
  • $26,518Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.85%Yield on earning assets
  • 3.02%Cost of funding earning assets
  • 4.83%Net interest margin
  • 0.85%Noninterest income to earning assets
  • 3.55%Noninterest expense to earning assets
  • 1.14%Net operating income to assets
  • 1.08%Return on assets (ROA)
  • 1.67%Pretax return on assets
  • 12.65%Return on equity (ROE)
  • 7.41%Retained earnings to average equity (YTD only)
  • 0.25%Net charge-offs to loans
  • 126.44%Credit loss provision to net charge-offs
  • 10.73%Efficiency ratio
  • 60,282Assets per employee
  • 3.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.47%Loss allowance to loans
  • 1.52%Loss allowance to noncurrent loans
  • 240.09%Noncurrent assets plus other real estate owned to assets
  • 0.51%Noncurrent loans to loans
  • 0.63%Net loans and leases to deposits
  • 104.06%Net loans and leases to core deposits
  • 111.46%Equity capital to assets
  • 8.92%Core capital (leverage) ratio
  • 7.59%Tier 1 risk-based capital ratio
  • 9.46%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $5,947,558Average earning assets
  • $505,257Average equity
  • $5,567,488Average loans

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