Plymouth Savings Bank
Wareham, MA — Domestic Branch of a Domestic Bank
Acquired May 2005
Vitals
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Total Assets1.2B -19.1 %
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Total Deposits1.0B -1.4 %
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Total Net Loans692.6M 6.2 %
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Net Income1.7M -41.1 %
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Book Value133.2M -8.6 %
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Book Value x2266.4M -8.6 %
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Book Value x3399.6M -8.6 %
Balance Sheet Highlights
Financial Highlights | Plymouth Savings Bank | All Insured Savings Banks in Massachusetts |
Balance Sheet $(000) | ||
Total Assets | 1,228,876 | 338,007 |
Total Net Loans | 692,550 | 205,875 |
Total Deposits | 1,025,732 | 259,011 |
Total Equity | 133,210 | 35,152 |
Profitability | ||
Net Income | 1,666 | 598 |
Return on Average Assets | .55 | .65 |
Return on Average Equity | 5.007 | 6.419 |
Net Interest Margin | 3.14 | 3.451 |
Efficiency Ratio | 94.415 | 72.8 |
Noninterest Income/Revenue | 19.282 | 7.907 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 67.518 | 80.391 |
Securities/Assets | .014 | .362 |
Total Equity/Total Assets | .108 | .104 |
Tangible Equity/Tangible Assets | .095 | .089 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 130,486 | 34,262 |
Tier 2 Capital | 10,755 | 2,299 |
Total Capital | 141,241 | 36,821 |
Total Risk Weighted Assets | 793,893 | 204,845 |
Leverage Ratio | 10.78 | 10.026 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 16.44 | 17.183 |
Total Capital Ratio | 17.79 | 18.248 |
Timeline for Plymouth Savings Bank
Eastern Bank Corporation
Eastern Bank Corporation became a new parent organization for Plymouth Savings Bank.
View Profile Jan 01 2005Plymouth Capital Corporation
Plymouth Capital Corporation became a new subsidiary organization for Plymouth Savings Bank.
View Profile Apr 05 1999Plymouth Bancorp, Inc.
Plymouth Bancorp, Inc. became a new parent organization for Plymouth Savings Bank.
View Profile Nov 18 1998Real Property Services, Inc.
Real Property Services, Inc. became a new subsidiary organization for Plymouth Savings Bank.
View Profile Nov 18 1998Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Eastern Bank | Buyer | 9,965,949 | Pooling of Interests | Discontinued | 5/28/2005 |
Middleborough Savings Bank | Seller | 31,277 | Discontinued | 1/13/1990 | |
Plymouth Branch | Seller | Discontinued | 11/1/1972 |
Relationships | Role | Relationship Start | Relationship End |
Eastern Bank Corporation | Parent | 1/1/2005 | 5/27/2005 |
Plymouth Bancorp, Inc. | Parent | 11/18/1998 | 12/31/2004 |
Real Property Services, Inc. | Subsidary | 11/18/1998 | 5/27/2005 |
Plymouth Securities Corporation | Subsidary | 11/18/1998 | 5/20/2005 |
Shallop Corporation, The | Subsidary | 11/18/1998 | 5/20/2005 |
Plymouth Capital Corporation | Subsidary | 4/5/1999 | 10/23/2003 |
Plymouth Mortgage Company | Subsidary | 11/18/1998 | 9/30/2000 |
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