Heritage Co-Operative Bank Financial Statements & Health Reports

Acquired Feb 2006

Vitals

ROAA

ROAE

Efficiency Ratio

95.713

Net Interest Margin

Balance Sheet Highlights

Financial Highlights	Heritage Co-Operative Bank	All Insured Savings Banks in Massachusetts
Balance Sheet $(000)
Total Assets	270,815	345,481
Total Net Loans	192,076	219,629
Total Deposits	230,049	262,516
Total Equity	26,597	36,345
Profitability
Net Income	—	2,572
Return on Average Assets	—	.654
Return on Average Equity	—	6.403
Net Interest Margin	3.573	3.409
Efficiency Ratio	95.713	73.373
Noninterest Income/Revenue	6.56	7.892
Balance Sheet Ratios
Loan-to-Deposit	83.494	85.122
Securities/Assets	.209	.369
Total Equity/Total Assets	.098	.105
Tangible Equity/Tangible Assets	.098	.052
Capital Adequacy
Tier 1 Common Capital	—	—
Tier 1 Capital	26,596	35,433
Tier 2 Capital	1,775	2,370
Total Capital	28,371	38,039
Total Risk Weighted Assets	173,827	214,047
Leverage Ratio	9.89	10.057
Common Equity Tier 1 Capital Ratio	—	—
Tier 1 Capital Ratio	15.3	16.799
Total Capital Ratio	16.32	17.847

Heritage Co-Operative Bank was acquired by Salem Five Cents Savings Bank 18 years

View Profile Feb 11 2006

Heritage Co-Operative Bank was established 136 years ago and is currently headquartered in Salem, MA.

Jan 01 1888

Acquisitions & Mergers	Role	Assets	Acct Method	Type	Transaction Date
Salem Five Cents Savings Bank	Buyer	4,079,769	Acquisition	Discontinued	2/11/2006

Relationships	Role	Relationship Start	Relationship End

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