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


Winchester Co-operative Bank - Overview

  • 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)

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
  • 42Total employees (full-time equivalent)
  • $536,976Total assets
  • $99,668Cash and due from depository institutions
  • $91,413Interest-bearing balances
  • $99,166Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $328,711Net loans & leases
  • $1,746Loan loss allowance
  • $0Trading account assets
  • $2,117Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $536,976Life insurance assets
  • $7,314All other assets
  • $480,213Total liabilities and capital
  • $477,843Total liabilities
  • $458,256Total deposits
  • $477,843Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,370Subordinated debt
  • $56,763All other liabilities
  • $56,763Total equity capital
  • $56,763Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $56,763Surplus
  • $0Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $645Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,794Income earned, not collected on loans
  • $0Earning assets
  • $1,459Long-term assets (5+ years)
  • $519,290Average Assets, year-to-date
  • $105,363Average Assets, quarterly
  • $510,892Volatile liabilities
  • $526,513Insider loans
  • $222,158FHLB advances
  • $522,084Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $56,763Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $24,766Restructured Loans and leases
  • $735Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,821Total interest income
  • $4,911Total interest expense
  • $12,910Net interest income
  • $330Provision for loan and lease losses
  • $825Total noninterest income
  • $0Fiduciary activities
  • $70Service charges on deposit accounts
  • $0Trading account gains & fees
  • $755Additional noninterest income
  • $7,218Total noninterest expense
  • $4,214Salaries and employee benefits
  • $596Premises and equipment expense
  • $2,408Additional noninterest expense
  • $6,187Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,374Applicable income taxes
  • $3,813Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,813Net income attributable to bank
  • $0Net charge-offs
  • $3,813Cash dividends
  • $113Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.61%Yield on earning assets
  • 1.00%Cost of funding earning assets
  • 2.62%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 1.46%Noninterest expense to earning assets
  • 0.75%Net operating income to assets
  • 0.75%Return on assets (ROA)
  • 1.21%Pretax return on assets
  • 6.96%Return on equity (ROE)
  • 6.96%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 292.04%Credit loss provision to net charge-offs
  • 57.67%Efficiency ratio
  • 52,552Assets per employee
  • 12.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.53%Loss allowance to noncurrent loans
  • 16.18%Noncurrent assets plus other real estate owned to assets
  • 2.01%Noncurrent loans to loans
  • 3.27%Net loans and leases to deposits
  • 68.79%Net loans and leases to core deposits
  • 91.15%Equity capital to assets
  • 10.57%Core capital (leverage) ratio
  • 10.87%Tier 1 risk-based capital ratio
  • 25.55%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $510,892Average earning assets
  • $54,769Average equity
  • $493,167Average loans

List of branches

  • 1 Massachusetts Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    039178Winchester Co-Operative Bank19 Church Street, Winchester, MA 1890January 01, 1893Full Service Brick and Mortar

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