Mt. Washington Co-Operative Bank
South Boston, MA — Domestic Branch of a Domestic Bank
Acquired Jan 2010
Vitals
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Total Assets496.2M -8.1 %
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Total Deposits385.7M 3.8 %
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Total Net Loans354.9M -7.3 %
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Net Income
-
Book Value31.6M 0.8 %
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Book Value x263.2M 0.8 %
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Book Value x394.8M 0.8 %
Balance Sheet Highlights
| Financial Highlights | Mt. Washington Co-Operative Bank | All Insured Savings Banks in Massachusetts |
| Balance Sheet $(000) | ||
| Total Assets | 496,194 | 460,674 |
| Total Net Loans | 354,946 | 309,849 |
| Total Deposits | 385,676 | 353,752 |
| Total Equity | 31,608 | 46,184 |
| Profitability | ||
| Net Income | — | 2,567 |
| Return on Average Assets | — | .417 |
| Return on Average Equity | — | 4.324 |
| Net Interest Margin | 3.281 | 3.155 |
| Efficiency Ratio | 104.39 | 80.242 |
| Noninterest Income/Revenue | 11.124 | 10.735 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 92.032 | 87.473 |
| Securities/Assets | .157 | .291 |
| Total Equity/Total Assets | .064 | .1 |
| Tangible Equity/Tangible Assets | .064 | .061 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 32,908 | 44,507 |
| Tier 2 Capital | 4,421 | 3,461 |
| Total Capital | 37,329 | 47,998 |
| Total Risk Weighted Assets | 606,484 | 302,190 |
| Leverage Ratio | 6.68 | 9.5 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 5.43 | 15.045 |
| Total Capital Ratio | 6.15 | 16.15 |
Timeline for Mt. Washington Co-Operative Bank
East Boston Savings Bank
Mt. Washington Co-Operative Bank was acquired by East Boston Savings Bank 15 years
View Profile Jan 05 2010Roxbury-Highland Co-Operative Bank
Acquisition: Mt. Washington Co-Operative Bank acquired a new subsidiary, Roxbury-Highland Co-Operative Bank, 17 years
View Profile May 16 2008Farragut Co-Operative Bank
Acquisition: Mt. Washington Co-Operative Bank acquired a new subsidiary, Farragut Co-Operative Bank , 43 years
View Profile Jul 31 1982Mt. Washington Co-Operative Bank
Mt. Washington Co-Operative Bank was established 132 years ago and is currently headquartered in South Boston, MA.
Jan 01 1893| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| East Boston Savings Bank | Buyer | 316,205 | Acquisition | Discontinued | 1/5/2010 |
| Roxbury-Highland Co-Operative Bank | Seller | 25,135 | Acquisition | Discontinued | 5/16/2008 |
| Farragut Co-Operative Bank | Seller | Discontinued | 7/31/1982 |
| Relationships | Role | Relationship Start | Relationship End |
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