Riverbank
North Andover, MA — Domestic Branch of a Domestic Bank
Acquired Dec 2010
Vitals
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Total Assets780.4M -3.3 %
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Total Deposits477.6M -0.2 %
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Total Net Loans532.2M 4.0 %
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Net Income4.7M 29.4 %
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Book Value62.6M -10.8 %
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Book Value x2125.2M -10.8 %
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Book Value x3187.8M -10.8 %
Balance Sheet Highlights
| Financial Highlights | Riverbank | All Insured Savings Banks in Massachusetts |
| Balance Sheet $(000) | ||
| Total Assets | 780,356 | 481,450 |
| Total Net Loans | 532,175 | 317,039 |
| Total Deposits | 477,645 | 379,662 |
| Total Equity | 62,594 | 50,020 |
| Profitability | ||
| Net Income | 4,705 | 1,885 |
| Return on Average Assets | .783 | .451 |
| Return on Average Equity | 10.171 | 4.531 |
| Net Interest Margin | 2.874 | 3.406 |
| Efficiency Ratio | 60.407 | 75.416 |
| Noninterest Income/Revenue | 5.165 | 10.884 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 111.416 | 84.214 |
| Securities/Assets | .219 | .202 |
| Total Equity/Total Assets | .08 | .104 |
| Tangible Equity/Tangible Assets | .08 | .102 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 58,393 | 47,310 |
| Tier 2 Capital | 13,075 | 3,678 |
| Total Capital | 71,468 | 51,008 |
| Total Risk Weighted Assets | 570,553 | 307,692 |
| Leverage Ratio | 7.42 | 9.672 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 10.23 | 15.487 |
| Total Capital Ratio | 12.53 | 16.643 |
Timeline for Riverbank
People's United Bank, National Association
Riverbank was acquired by People's United Bank, National Association 13 years
View Profile Dec 01 2010
Lsb Corporation
Lsb Corporation became a new parent organization for Riverbank.
View Profile Jul 01 2001
Shawsheen Security Corporation
Shawsheen Security Corporation became a new subsidiary organization for Riverbank.
View Profile Jul 01 2001
Shawsheen Security Corporation Ii
Shawsheen Security Corporation Ii became a new subsidiary organization for Riverbank.
View Profile Jul 01 2001
Spruce Wood Realty Trust
Spruce Wood Realty Trust became a new subsidiary organization for Riverbank.
View Profile Jul 01 2001
| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| People's United Bank, National Association | Buyer | 40,278,972 | Discontinued | 12/1/2010 |
| Relationships | Role | Relationship Start | Relationship End |
| Lsb Corporation | Parent | 7/1/2001 | 11/30/2010 |
| Intrex Financial Services, Inc. | Parent | 11/12/1987 | 10/24/1991 |
| Spruce Wood Realty Trust | Subsidary | 6/30/2007 | 11/30/2010 |
| Shawsheen Security Corporation | Subsidary | 6/30/2007 | 10/29/2010 |
| Shawsheen Security Corporation Ii | Subsidary | 6/30/2007 | 10/29/2010 |
| Shawsheen Security Corporation | Subsidary | 7/1/2001 | 6/29/2007 |
| Shawsheen Security Corporation Ii | Subsidary | 7/1/2001 | 6/29/2007 |
| Spruce Wood Realty Trust | Subsidary | 7/1/2001 | 6/29/2007 |
| Pemberton Corporation | Subsidary | 11/12/1987 | 11/30/2006 |
| Abbot Corporation | Subsidary | 11/12/1987 | 10/24/1991 |
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