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


Walpole Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 26487
    Status: Active
    Federal Reserve ID: 63573
    Date Established: January 01, 1912
    WWW: http://www.walpolecoop.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 13294
    FDIC's unique #: 33154
    Numeric code: 15
    Regulator: FED
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 13, 1986
    Last Structure Change Effective Date: June 15, 2011
    Last Structure Change Process Date: June 23, 2011
    Last Data Update: June 23, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 982 Main Street, Walpole, MA 2081
    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)
  • History of Changes
  • Change in Primary Regulatory Agency
    Institution Becomes a Member of FRS (Federal Reserve System)
    Change in Supervisory Agency
  • Financial Summary
  • Total assets: $356.4 mil
    Equity capital: $71.3 mil
    Deposits held in domestic offices: $270.6 mil
    Return on assets (ROA): 0.89% ($3.2 mil)
    Quarterly return on assets: 0.91% ($3.2 mil)
    Return on Equity (ROE): 4.47% ($3.2 mil)
    Quarterly return on equity: 4.61% ($3.3 mil)
    Net income: $3.1 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.47% ($5,239.0 mil)
    Quarterly Pretax return on assets: 1.51% ($5,381.6 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
  • 39Total employees (full-time equivalent)
  • $356,396Total assets
  • $5,005Cash and due from depository institutions
  • $2,466Interest-bearing balances
  • $46,244Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $287,742Net loans & leases
  • $4,220Loan loss allowance
  • $0Trading account assets
  • $7,602Bank premises and fixed assets
  • $1,510Other real estate owned
  • $0Goodwill and other intangibles
  • $356,396Life insurance assets
  • $8,293All other assets
  • $285,076Total liabilities and capital
  • $270,627Total liabilities
  • $255,652Total deposits
  • $270,627Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $11,500Trading liabilities
  • $0Other borrowed funds
  • $2,949Subordinated debt
  • $71,320All other liabilities
  • $71,320Total equity capital
  • $71,320Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $71,365Surplus
  • $-45Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,692Income earned, not collected on loans
  • $0Earning assets
  • $923Long-term assets (5+ years)
  • $336,452Average Assets, year-to-date
  • $75,699Average Assets, quarterly
  • $350,175Volatile liabilities
  • $356,782Insider loans
  • $290,633FHLB advances
  • $352,081Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $71,365Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $33,897Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,806Total interest income
  • $2,617Total interest expense
  • $13,189Net interest income
  • $820Provision for loan and lease losses
  • $1,171Total noninterest income
  • $0Fiduciary activities
  • $136Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,035Additional noninterest income
  • $8,658Total noninterest expense
  • $4,610Salaries and employee benefits
  • $1,068Premises and equipment expense
  • $2,980Additional noninterest expense
  • $4,882Pre-tax net operating income
  • $271Securities gains (losses)
  • $2,045Applicable income taxes
  • $3,108Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,108Net income attributable to bank
  • $0Net charge-offs
  • $3,108Cash dividends
  • $812Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.78%Yield on earning assets
  • 0.79%Cost of funding earning assets
  • 3.99%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 2.62%Noninterest expense to earning assets
  • 0.84%Net operating income to assets
  • 0.89%Return on assets (ROA)
  • 1.47%Pretax return on assets
  • 4.47%Return on equity (ROE)
  • 4.47%Retained earnings to average equity (YTD only)
  • 0.28%Net charge-offs to loans
  • 100.99%Credit loss provision to net charge-offs
  • 7.02%Efficiency ratio
  • 60,292Assets per employee
  • 9.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.45%Loss allowance to noncurrent loans
  • 54.86%Noncurrent assets plus other real estate owned to assets
  • 2.58%Noncurrent loans to loans
  • 2.63%Net loans and leases to deposits
  • 106.32%Net loans and leases to core deposits
  • 116.46%Equity capital to assets
  • 20.01%Core capital (leverage) ratio
  • 20.27%Tier 1 risk-based capital ratio
  • 24.56%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $350,175Average earning assets
  • $69,462Average equity
  • $330,702Average loans

List of branches

  • 1 Massachusetts Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    033154Walpole Co-Operative Bank982 Main Street, Walpole, MA 2081January 01, 1912Full Service Brick and Mortar

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