Abington Savings Bank
Abington, MA — Domestic Branch of a Domestic Bank
Acquired Apr 2004
Vitals
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Total Assets815.5M -18.7 %
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Total Deposits642.9M -3.5 %
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Total Net Loans392.1M -4.7 %
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Net Income1.5M 9.1 %
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Book Value71.8M -0.1 %
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Book Value x2143.5M -0.1 %
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Book Value x3215.3M -0.1 %
Balance Sheet Highlights
Financial Highlights | Abington Savings Bank | All Insured Savings Banks in Massachusetts |
Balance Sheet $(000) | ||
Total Assets | 815,453 | 329,621 |
Total Net Loans | 392,123 | 188,980 |
Total Deposits | 642,887 | 256,051 |
Total Equity | 71,761 | 35,612 |
Profitability | ||
Net Income | 1,488 | 756 |
Return on Average Assets | .745 | .736 |
Return on Average Equity | 8.476 | 7.174 |
Net Interest Margin | 3.37 | 3.462 |
Efficiency Ratio | 75.735 | 72.407 |
Noninterest Income/Revenue | 26.548 | 8.582 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 60.994 | 75.259 |
Securities/Assets | .405 | .415 |
Total Equity/Total Assets | .088 | .108 |
Tangible Equity/Tangible Assets | .076 | .028 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 59,032 | 33,039 |
Tier 2 Capital | 4,163 | 2,270 |
Total Capital | 63,195 | 35,558 |
Total Risk Weighted Assets | 409,802 | 196,206 |
Leverage Ratio | 7.47 | 9.959 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 14.41 | 16.952 |
Total Capital Ratio | 15.42 | 18.031 |
Timeline for Abington Savings Bank
Compass Bank For Savings
Abington Savings Bank was acquired by Compass Bank For Savings 20 years
View Profile Apr 29 2004Massachusetts Co-Operative Bank
Acquisition: Abington Savings Bank acquired a new subsidiary, Massachusetts Co-Operative Bank, 21 years
View Profile Sep 14 2002Mass Securities Corporation
Mass Securities Corporation became a new subsidiary organization for Abington Savings Bank.
View Profile Sep 13 200270 Quincy Ave. Llc
70 Quincy Ave. Llc became a new subsidiary organization for Abington Savings Bank.
View Profile Sep 13 2002Mass Sec Corp Ii
Mass Sec Corp Ii became a new subsidiary organization for Abington Savings Bank.
View Profile Sep 13 2002Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Compass Bank For Savings | Buyer | 4,755,103 | Acquisition | Discontinued | 4/29/2004 |
Massachusetts Co-Operative Bank | Seller | 123,910 | Acquisition | Discontinued | 9/14/2002 |
Hull Co-Operative Bank | Seller | 37,237 | Discontinued | 6/4/1994 | |
Landmark Bank For Savings | Seller | 62,124 | Failure | 6/13/1992 |
Relationships | Role | Relationship Start | Relationship End |
Abington Bancorp, Inc. | Parent | 1/31/1997 | 4/28/2004 |
Abington Bancorp, Inc. | Parent | 2/1/1988 | 12/28/1992 |
Holt Park Place Development Corporation | Subsidary | 12/26/1989 | 4/28/2004 |
Norroway Pond Development Corporation | Subsidary | 12/26/1989 | 4/28/2004 |
Abington Securities Corporation | Subsidary | 1/31/1997 | 4/28/2004 |
Old Colony Mortgage Corporation | Subsidary | 4/1/1999 | 4/28/2004 |
Mass Securities Corporation | Subsidary | 9/13/2002 | 4/28/2004 |
70 Quincy Ave. Llc | Subsidary | 9/13/2002 | 4/28/2004 |
Mass Sec Corp Ii | Subsidary | 9/13/2002 | 4/28/2004 |
Abbk Corporation | Subsidary | 2/1/1988 | 1/30/1997 |
Landmark Bank For Savings | Subsidary | 6/24/1991 | 8/13/1991 |
Landmark Bank For Savings | Subsidary | 2/1/1988 | 6/23/1991 |
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