Winchester Co-operative Bank in Winchester, Massachusetts (MA)
| Winchester Co-operative Bank | |
|---|---|
| General | FDIC Certificate #: 27238 Status: Active Federal Reserve ID: 268976 Date Established: January 01, 1893 WWW: http://www.wcbonline.com Trust Powers Granted: No Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 4390 FDIC's unique #: 39178 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: Mortgage Lending Specialization Date of Deposit Insurance: April 22, 1988 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: 19 Church Street, Winchester, MA 1890 County: Middlesex 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: Cambridge-Newton-Framingham, MA (#15764) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $537.0 mil Equity capital: $56.8 mil Deposits held in domestic offices: $477.8 mil Return on assets (ROA): 0.75% ($4.0 mil) Quarterly return on assets: 0.84% ($4.5 mil) Return on Equity (ROE): 6.96% ($4.0 mil) Quarterly return on equity: 7.83% ($4.5 mil) Net income: $3.8 mil Quarterly Net income: $1.1 mil Pretax return on assets: 1.21% ($6,497.4 mil) Quarterly Pretax return on assets: 1.37% ($7,356.6 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 42 |
| Total assets | $536,976 |
| Cash and due from depository institutions | $99,668 |
| Interest-bearing balances | $91,413 |
| Securities | $99,166 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $328,711 |
| Loan loss allowance | $1,746 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,117 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $7,314 |
| Life insurance assets | $536,976 |
| Total liabilities and capital | $480,213 |
| Total liabilities | $477,843 |
| Total deposits | $458,256 |
| Interest-bearing deposits | $477,843 |
| Deposits held in domestic offices | $80 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $2,370 |
| All other liabilities | $56,763 |
| Total equity capital | $56,763 |
| Total bank equity capital | $56,763 |
| Perpetual preferred stock | $0 |
| Common stock | $0 |
| Surplus | $56,763 |
| Undivided profits | $0 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $645 |
| Income earned, not collected on loans | $10,794 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,459 |
| Average Assets, year-to-date | $519,290 |
| Average Assets, quarterly | $105,363 |
| Volatile liabilities | $510,892 |
| Insider loans | $526,513 |
| FHLB advances | $222,158 |
| Loans and leases held for sale | $522,084 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $56,763 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $24,766 |
| Derivatives | $735 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $17,821 |
| Total interest expense | $4,911 |
| Net interest income | $12,910 |
| Provision for loan and lease losses | $330 |
| Total noninterest income | $825 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $70 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $755 |
| Total noninterest expense | $7,218 |
| Salaries and employee benefits | $4,214 |
| Premises and equipment expense | $596 |
| Additional noninterest expense | $2,408 |
| Pre-tax net operating income | $6,187 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $2,374 |
| Income before extraordinary items | $3,813 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $3,813 |
| Net charge-offs | $0 |
| Cash dividends | $3,813 |
| Sale, conversion, retirement of capital stock, net | $113 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 3.61% |
| Cost of funding earning assets | 1.00% |
| Net interest margin | 2.62% |
| Noninterest income to earning assets | 0.17% |
| Noninterest expense to earning assets | 1.46% |
| Net operating income to assets | 0.75% |
| Return on assets (ROA) | 0.75% |
| Pretax return on assets | 1.21% |
| Return on equity (ROE) | 6.96% |
| Retained earnings to average equity (YTD only) | 6.96% |
| Net charge-offs to loans | 0.03% |
| Credit loss provision to net charge-offs | 292.04% |
| Efficiency ratio | 57.67% |
| Assets per employee | $52,552 |
| Cash dividends to net income (YTD only) | 12.79% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 0.53% |
| Noncurrent assets plus other real estate owned to assets | 16.18% |
| Noncurrent loans to loans | 2.01% |
| Net loans and leases to deposits | 3.27% |
| Net loans and leases to core deposits | 68.79% |
| Equity capital to assets | 91.15% |
| Core capital (leverage) ratio | 10.57% |
| Tier 1 risk-based capital ratio | 10.87% |
| Total risk-based capital ratio | 25.55% |
| Memoranda | |
| Average assets | $26 |
| Average earning assets | $510,892 |
| Average equity | $54,769 |
| Average loans | $493,167 |
| 1 Massachusetts Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 39178 | Winchester Co-Operative Bank | 19 Church Street, Winchester, MA 1890 | January 01, 1893 | Full Service Brick and Mortar |  |
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