Woburn National Bank in Woburn, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 13, 1998

  • Woburn National Bank in Woburn, Massachusetts (MA)
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Woburn National Bank - Overview

  • General
  • FDIC Certificate #: 2674
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens Bank of Massachusetts (#18562)
    Federal Reserve ID: 823508
    Date Established: April 18, 1853
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Interstate: No)
    OTS Docket #: 13611
    FDIC's unique #: 1724
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: August 13, 1998
    Last Structure Change Process Date: September 03, 1998
    Last Data Update: September 03, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 355 Main Street, Woburn, MA 1801
    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)
  • Financial Summary
  • Total assets: $169.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 58Total employees (full-time equivalent)
  • $163,636Total assets
  • $7,079Cash and due from depository institutions
  • $30Interest-bearing balances
  • $27,517Securities
  • $22,541Federal funds sold & reverse repurchase agreements
  • $102,224Net loans & leases
  • $1,331Loan loss allowance
  • $0Trading account assets
  • $3,258Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,017All other assets
  • $163,636Total liabilities and capital
  • $146,804Total liabilities
  • $145,811Total deposits
  • $107,677Interest-bearing deposits
  • $145,811Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $993All other liabilities
  • $16,832Total equity capital
  • $16,832Total bank equity capital
  • $16,832Perpetual preferred stock
  • $0Common stock
  • $600Surplus
  • $1,719Undivided profits
  • Memoranda
  • $14,513Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $653Earning assets
  • $0Long-term assets (5+ years)
  • $534Average Assets, year-to-date
  • $152,312Average Assets, quarterly
  • $28,891Volatile liabilities
  • $159,457Insider loans
  • $161,991FHLB advances
  • $6,552Loans and leases held for sale
  • $521Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $21,072Total unused commitments
  • $0Restructured Loans and leases
  • $103,869Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $12,572Total interest income
  • $3,783Total interest expense
  • $8,789Net interest income
  • $0Provision for loan and lease losses
  • $825Total noninterest income
  • $0Fiduciary activities
  • $680Service charges on deposit accounts
  • $0Trading account gains & fees
  • $145Additional noninterest income
  • $4,798Total noninterest expense
  • $3,168Salaries and employee benefits
  • $763Premises and equipment expense
  • $867Additional noninterest expense
  • $4,816Pre-tax net operating income
  • $47Securities gains (losses)
  • $1,920Applicable income taxes
  • $2,943Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,943Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$128Sale, conversion, retirement of capital stock, net
  • $999Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.49%Yield on earning assets
  • 2.56%Cost of funding earning assets
  • 5.94%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 3.24%Noninterest expense to earning assets
  • 1.83%Net operating income to assets
  • 1.85%Return on assets (ROA)
  • 3.05%Pretax return on assets
  • 18.74%Return on equity (ROE)
  • 12.38%Retained earnings to average equity (YTD only)
  • -0.12%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 49,896Assets per employee
  • 2.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 33.94%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 203.83%Noncurrent assets plus other real estate owned to assets
  • 0.40%Noncurrent loans to loans
  • 0.63%Net loans and leases to deposits
  • 70.11%Net loans and leases to core deposits
  • 73.41%Equity capital to assets
  • 10.29%Core capital (leverage) ratio
  • 10.52%Tier 1 risk-based capital ratio
  • 16.12%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $159,457Average earning assets
  • $15,706Average equity
  • $148,062Average loans

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