Wrentham Co-operative Bank in Wrentham, Massachusetts (MA)
| Wrentham Co-operative Bank | |
|---|---|
| General | FDIC Certificate #: 26576 Status: Active Federal Reserve ID: 948278 Date Established: January 01, 1901 WWW: http://www.wrenthamcoop.com Trust Powers Granted: No Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 2 (Domestic: 2, Interstate: No) FDIC's unique #: 35278 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: All Other Specialization < 1 Billion Date of Deposit Insurance: March 03, 1986 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: July 10, 2008 Last Data Update: July 10, 2008 Data Source Date: April 05, 2012 |
| Location | Address: 102 South Street, Wrentham, MA 2093 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 | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $108.3 mil Equity capital: $13.7 mil Deposits held in domestic offices: $94.3 mil Return on assets (ROA): 0.33% ($0.4 mil) Quarterly return on assets: 0.42% ($0.5 mil) Return on Equity (ROE): 2.66% ($0.4 mil) Quarterly return on equity: 3.35% ($0.5 mil) Net income: $0.4 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.41% ($444.0 mil) Quarterly Pretax return on assets: 0.54% ($584.7 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 16 |
| Total assets | $108,287 |
| Cash and due from depository institutions | $35,755 |
| Interest-bearing balances | $33,982 |
| Securities | $16,244 |
| Federal funds sold & reverse repurchase agreements | $6 |
| Net loans & leases | $49,614 |
| Loan loss allowance | $419 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,823 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $4,845 |
| Life insurance assets | $108,287 |
| Total liabilities and capital | $94,611 |
| Total liabilities | $94,258 |
| Total deposits | $88,762 |
| Interest-bearing deposits | $94,258 |
| Deposits held in domestic offices | $96 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $353 |
| All other liabilities | $13,676 |
| Total equity capital | $13,676 |
| Total bank equity capital | $13,676 |
| Perpetual preferred stock | $0 |
| Common stock | $0 |
| Surplus | $13,676 |
| Undivided profits | $0 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $431 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $330 |
| Average Assets, year-to-date | $99,846 |
| Average Assets, quarterly | $52,104 |
| Volatile liabilities | $108,843 |
| Insider loans | $108,748 |
| FHLB advances | $43,628 |
| Loans and leases held for sale | $109,855 |
| Unused loan commitments | $3,198 |
| Tier 1 (core) risk-based capital | $3,198 |
| Tier 2 risk-based capital | $13,676 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $8,222 |
| Derivatives | $1,137 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $3,366 |
| Total interest expense | $679 |
| Net interest income | $2,687 |
| Provision for loan and lease losses | $30 |
| Total noninterest income | $395 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $128 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $267 |
| Total noninterest expense | $2,605 |
| Salaries and employee benefits | $1,471 |
| Premises and equipment expense | $287 |
| Additional noninterest expense | $847 |
| Pre-tax net operating income | $447 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $89 |
| Income before extraordinary items | $358 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $358 |
| Net charge-offs | $0 |
| Cash dividends | $358 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 3.35% |
| Cost of funding earning assets | 0.68% |
| Net interest margin | 2.67% |
| Noninterest income to earning assets | 0.39% |
| Noninterest expense to earning assets | 2.59% |
| Net operating income to assets | 0.33% |
| Return on assets (ROA) | 0.33% |
| Pretax return on assets | 0.41% |
| Return on equity (ROE) | 2.66% |
| Retained earnings to average equity (YTD only) | 2.66% |
| Net charge-offs to loans | 0.00% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 0.00% |
| Assets per employee | $84,523 |
| Cash dividends to net income (YTD only) | 6.77% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 0.84% |
| Noncurrent assets plus other real estate owned to assets | 97.22% |
| Noncurrent loans to loans | 0.40% |
| Net loans and leases to deposits | 0.86% |
| Net loans and leases to core deposits | 52.64% |
| Equity capital to assets | 54.15% |
| Core capital (leverage) ratio | 12.63% |
| Tier 1 risk-based capital ratio | 12.45% |
| Total risk-based capital ratio | 31.35% |
| Memoranda | |
| Average assets | $32 |
| Average earning assets | $108,843 |
| Average equity | $13,478 |
| Average loans | $100,496 |
| 2 Massachusetts Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 35278 | Wrentham Co-Operative Bank | 102 South Street, Wrentham, MA 2093 | January 01, 1901 | Full Service Brick and Mortar |  |
| 3 | 365915 | South Street Branch | 1005 South Street, Wrentham, MA 2093 | January 13, 2003 | Full Service Brick and Mortar |  |
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