Wainwright Bank & Trust Company in Boston, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 18, 2011

  • Wainwright Bank & Trust Company in Boston, Massachusetts (MA)
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Wainwright Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 27009
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Eastern Bank (#32773)
    Federal Reserve ID: 689302
    Date Established: July 27, 1987
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Interstate: No)
    OTS Docket #: 12935
    FDIC's unique #: 36451
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 27, 1987
    Last Structure Change Effective Date: March 18, 2011
    Last Structure Change Process Date: March 30, 2011
    Last Data Update: March 30, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 63 Franklin Street, Boston, MA 2110
    County: Suffolk
    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: $1,106.4 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, 2010)

  • Dollar figures in thousands
  • 156Total employees (full-time equivalent)
  • $1,106,395Total assets
  • $43,024Cash and due from depository institutions
  • $32,039Interest-bearing balances
  • $5,332Securities
  • $32,000Federal funds sold & reverse repurchase agreements
  • $841,555Net loans & leases
  • $12,840Loan loss allowance
  • $30,244Trading account assets
  • $13,359Bank premises and fixed assets
  • $1,760Other real estate owned
  • $93,226Goodwill and other intangibles
  • $12,510Life insurance assets
  • $45,895All other assets
  • $1,106,395Total liabilities and capital
  • $946,111Total liabilities
  • $799,795Total deposits
  • $750,436Interest-bearing deposits
  • $799,795Deposits held in domestic offices
  • 66.71%% insured (estimated)
  • $128,580Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $7,017Other borrowed funds
  • $5,000Subordinated debt
  • $5,719All other liabilities
  • $160,284Total equity capital
  • $160,284Total bank equity capital
  • $160,269Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $167,039Undivided profits
  • Memoranda
  • $-6,770Noncurrent loans and leases
  • $142,491Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15Income earned, not collected on loans
  • $4,068Earning assets
  • $0Long-term assets (5+ years)
  • $3,067Average Assets, year-to-date
  • $941,170Average Assets, quarterly
  • $415,605Volatile liabilities
  • $1,049,090Insider loans
  • $1,065,794FHLB advances
  • $273,616Loans and leases held for sale
  • $0Unused loan commitments
  • $7,017Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,715Total risk weighted assets
  • $142,491Total unused commitments
  • $765Restructured Loans and leases
  • $14,208Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $5,463Total interest income
  • $800Total interest expense
  • $4,663Net interest income
  • $13,000Provision for loan and lease losses
  • $504Total noninterest income
  • $0Fiduciary activities
  • $295Service charges on deposit accounts
  • $17Trading account gains & fees
  • $192Additional noninterest income
  • $3,707Total noninterest expense
  • $2,209Salaries and employee benefits
  • $758Premises and equipment expense
  • $740Additional noninterest expense
  • -$11,540Pre-tax net operating income
  • $0Securities gains (losses)
  • -$4,779Applicable income taxes
  • -$6,761Income before extraordinary items
  • $0Extraordinary gains - net
  • -$6,770Net income attributable to bank
  • $9Net charge-offs
  • -$6,761Cash dividends
  • $160Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.57%Yield on earning assets
  • 0.08%Cost of funding earning assets
  • 0.48%Net interest margin
  • 0.05%Noninterest income to earning assets
  • 0.39%Noninterest expense to earning assets
  • -0.64%Net operating income to assets
  • -0.65%Return on assets (ROA)
  • -1.10%Pretax return on assets
  • -7.35%Return on equity (ROE)
  • -7.35%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 8125.00%Credit loss provision to net charge-offs
  • 9.13%Efficiency ratio
  • 71,202Assets per employee
  • 7.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 315.63%Noncurrent assets plus other real estate owned to assets
  • 0.53%Noncurrent loans to loans
  • 0.48%Net loans and leases to deposits
  • 105.22%Net loans and leases to core deposits
  • 128.53%Equity capital to assets
  • 14.49%Core capital (leverage) ratio
  • 7.46%Tier 1 risk-based capital ratio
  • 9.15%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $1,049,090Average earning assets
  • $92,061Average equity
  • $962,299Average loans

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