Butler Bank
Lowell, MA — Cooperative Bank
Acquired Apr 2010
Vitals
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Total Assets245.5M -22.3 %
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Total Deposits227.4M -16.6 %
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Total Net Loans177.5M -26.7 %
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Net Income-5952000.0000
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Book Value-271000.0000 -102.2 %
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Book Value x2-542000.0000 -102.2 %
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Book Value x3-813000.0000 -102.2 %
Balance Sheet Highlights
Financial Highlights | Butler Bank | All Insured Savings Banks in Massachusetts |
Balance Sheet $(000) | ||
Total Assets | 245,534 | 473,488 |
Total Net Loans | 177,536 | 314,378 |
Total Deposits | 227,420 | 369,046 |
Total Equity | -271 | 47,790 |
Profitability | ||
Net Income | -5,952 | 591 |
Return on Average Assets | -9.32 | .428 |
Return on Average Equity | -863.861 | 4.337 |
Net Interest Margin | 2.618 | 3.363 |
Efficiency Ratio | 418.194 | 76.305 |
Noninterest Income/Revenue | -29.528 | 10.238 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 78.065 | 85.657 |
Securities/Assets | .014 | .3 |
Total Equity/Total Assets | -.001 | .101 |
Tangible Equity/Tangible Assets | -.001 | .062 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | -269 | 45,715 |
Tier 2 Capital | — | 3,733 |
Total Capital | -269 | 49,342 |
Total Risk Weighted Assets | 181,024 | 304,852 |
Leverage Ratio | -.11 | 9.603 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | -.15 | 15.142 |
Total Capital Ratio | -.14 | 16.288 |
Timeline for Butler Bank
People's United Bank, National Association
Butler Bank was acquired by People's United Bank, National Association 14 years
View Profile Apr 17 2010Marlborough Co-Operative Bank
Acquisition: Butler Bank acquired a new subsidiary, Marlborough Co-Operative Bank, 15 years
View Profile Nov 10 2008Marlborough Securities Corporation
Marlborough Securities Corporation became a new subsidiary organization for Butler Bank.
View Profile Nov 10 2008Butler Bancorp, Inc.
Butler Bancorp, Inc. became a new parent organization for Butler Bank.
View Profile May 12 2006National Mortgage Registration Service, Llc
National Mortgage Registration Service, Llc became a new subsidiary organization for Butler Bank.
View Profile May 12 2006Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
People's United Bank, National Association | Buyer | 40,278,972 | Failure | 4/17/2010 | |
Marlborough Co-Operative Bank | Seller | 86,265 | Pooling of Interests | Discontinued | 11/10/2008 |
Relationships | Role | Relationship Start | Relationship End |
Butler Bancorp, Inc. | Parent | 5/12/2006 | 4/16/2010 |
Marlborough Securities Corporation | Subsidary | 11/10/2008 | 4/16/2010 |
National Mortgage Registration Service, Llc | Subsidary | 5/12/2006 | 4/16/2010 |
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