Vitals
  • Total Assets
    1.7B -1.6 %
  • Total Deposits
    1.3B -6.9 %
  • Total Net Loans
    1.2B 7.0 %
  • Net Income
    19.3M -8.5 %
  • Book Value
    184.0M 15.8 %
  • Book Value x2
    368.1M 15.8 %
  • Book Value x3
    552.1M 15.8 %
ROAA

1.108

ROAE

11.406

Efficiency Ratio

49.354

Net Interest Margin

4.17

Balance Sheet Highlights
Financial Highlights First Essex Bank All Insured Savings Banks in Massachusetts
Balance Sheet $(000)
Total Assets 1,748,686 333,383
Total Net Loans 1,201,158 191,078
Total Deposits 1,300,932 262,260
Total Equity 184,028 35,648
Profitability
Net Income 19,277 2,760
Return on Average Assets 1.108 .744
Return on Average Equity 11.406 7.453
Net Interest Margin 4.17 3.452
Efficiency Ratio 49.354 69.769
Noninterest Income/Revenue 9.147 9.728
Balance Sheet Ratios
Loan-to-Deposit 92.331 74.395
Securities/Assets .223 .431
Total Equity/Total Assets .105 .107
Tangible Equity/Tangible Assets .097 .025
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 166,656 33,418
Tier 2 Capital 15,017 2,339
Total Capital 181,673 35,952
Total Risk Weighted Assets 1,378,872 197,687
Leverage Ratio 9.76 9.801
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 12.09 16.992
Total Capital Ratio 13.18 18.09

Timeline for First Essex Bank

Santander Bank, N.A.

First Essex Bank was acquired by Santander Bank, N.A. 20 years

View Profile Feb 07 2004

Pelham Bank And Trust Company

Acquisition: First Essex Bank acquired a new subsidiary, Pelham Bank And Trust Company, 27 years

View Profile Dec 31 1996

First Essex Savings Bank Of New Hampshire

Acquisition: First Essex Bank acquired a new subsidiary, First Essex Savings Bank Of New Hampshire, 30 years

View Profile Dec 01 1993

First Essex Capital, Inc.

First Essex Capital, Inc. became a new subsidiary organization for First Essex Bank.

View Profile Dec 01 1993

Newington Realty Inc

Newington Realty Inc became a new subsidiary organization for First Essex Bank.

View Profile Dec 01 1993

Want to see more?

Complete timeline for First Essex Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Santander Bank, N.A. Buyer 85,473,923 Discontinued 2/7/2004
Pelham Bank And Trust Company Seller 182,254 Discontinued 12/31/1996
First Essex Savings Bank Of New Hampshire Seller 37,487 Discontinued 12/1/1993
Broadway Savings Bank Seller Discontinued 11/1/1966
Relationships Role Relationship Start Relationship End
First Essex Bancorp Inc Parent 8/11/1987 11/30/1993
Mpl Inc Subsidary 10/31/1989 2/6/2004
Mpl-2,Inc Subsidary 1/2/1990 2/6/2004
Mpl4 Inc Subsidary 12/20/1991 2/6/2004
Mpl-Me, Inc. Subsidary 10/2/1992 2/6/2004
First Essex Capital, Inc. Subsidary 12/1/1993 2/6/2004
Mpl-3,Inc Subsidary 3/15/1990 8/31/2001
First Essex Mortgage Company Subsidary 8/11/1987 8/31/2001
Newington Realty Inc Subsidary 12/1/1993 8/31/2001
Mpl-Quality, Inc. Subsidary 3/1/1993 8/31/2001
1848 Corporation Subsidary 8/11/1987 11/8/1993
Empire Securities Inc Subsidary 8/11/1987 11/8/1993
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