Economy Co-Operative Bank
Merrimac, MA — Domestic Branch of a Domestic Bank
Acquired Jan 2012
Vitals
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Total Assets25.1M 6.9 %
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Total Deposits22.6M 7.8 %
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Total Net Loans17.6M -5.9 %
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Net Income-49000.0000 -244.1 %
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Book Value2.5M -0.6 %
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Book Value x24.9M -0.6 %
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Book Value x37.4M -0.6 %
Balance Sheet Highlights
| Financial Highlights | Economy Co-Operative Bank | All Insured Savings Banks in Massachusetts |
| Balance Sheet $(000) | ||
| Total Assets | 25,071 | 494,613 |
| Total Net Loans | 17,568 | 324,463 |
| Total Deposits | 22,586 | 393,708 |
| Total Equity | 2,461 | 53,531 |
| Profitability | ||
| Net Income | -49 | 2,752 |
| Return on Average Assets | -.195 | .469 |
| Return on Average Equity | -1.973 | 4.559 |
| Net Interest Margin | 3.403 | 3.373 |
| Efficiency Ratio | 98.962 | 78.699 |
| Noninterest Income/Revenue | 3.786 | 12.224 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 77.783 | 82.325 |
| Securities/Assets | .198 | |
| Total Equity/Total Assets | .098 | .108 |
| Tangible Equity/Tangible Assets | .098 | .107 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 2,461 | 51,229 |
| Tier 2 Capital | 97 | 3,807 |
| Total Capital | 2,558 | 55,084 |
| Total Risk Weighted Assets | 11,090 | 314,469 |
| Leverage Ratio | 9.75 | 10.011 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 22.19 | 15.997 |
| Total Capital Ratio | 23.07 | 17.204 |
Timeline for Economy Co-Operative Bank
Haverhill Bank
Economy Co-Operative Bank was acquired by Haverhill Bank 12 years
View Profile Jan 01 2012
Economy Co-Operative Bank
Economy Co-Operative Bank was established 135 years ago and is currently headquartered in Merrimac, MA.
Jan 01 1889| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Haverhill Bank | Buyer | 373,557 | Acquisition | Discontinued | 1/1/2012 |
| Relationships | Role | Relationship Start | Relationship End |
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