Saugusbank, A Co-Operative Bank
Saugus, MA — Domestic Branch of a Domestic Bank
Acquired Sep 2014
Vitals
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Total Assets205.6M -2.3 %
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Total Deposits168.8M -2.4 %
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Total Net Loans131.9M 7.1 %
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Net Income282000.0000 -24.2 %
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Book Value18.7M 3.2 %
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Book Value x237.4M 3.2 %
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Book Value x356.0M 3.2 %
Balance Sheet Highlights
Financial Highlights | Saugusbank, A Co-Operative Bank | All Insured Savings Banks in Massachusetts |
Balance Sheet $(000) | ||
Total Assets | 205,646 | 585,177 |
Total Net Loans | 131,852 | 419,378 |
Total Deposits | 168,757 | 461,740 |
Total Equity | 18,681 | 64,105 |
Profitability | ||
Net Income | 282 | 1,551 |
Return on Average Assets | .274 | .439 |
Return on Average Equity | 3.047 | 4.062 |
Net Interest Margin | 3.001 | 3.137 |
Efficiency Ratio | 89.443 | 81.021 |
Noninterest Income/Revenue | 10.175 | 13.963 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 78.131 | 89.069 |
Securities/Assets | .214 | .163 |
Total Equity/Total Assets | .091 | .11 |
Tangible Equity/Tangible Assets | .091 | .108 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 18,183 | 61,435 |
Tier 2 Capital | 1,682 | 4,859 |
Total Capital | 19,865 | 66,489 |
Total Risk Weighted Assets | 138,569 | 390,852 |
Leverage Ratio | 8.86 | 10.572 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 13.12 | 16.389 |
Total Capital Ratio | 14.34 | 17.611 |
Timeline for Saugusbank, A Co-Operative Bank
North Shore Bank, A Co-Operative Bank
Saugusbank, A Co-Operative Bank was acquired by North Shore Bank, A Co-Operative Bank 9 years
View Profile Sep 01 2014Saugusbank, A Co-Operative Bank
Saugusbank, A Co-Operative Bank was established 113 years ago and is currently headquartered in Saugus, MA.
Jan 01 1911Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
North Shore Bank, A Co-Operative Bank | Buyer | 788,961 | Acquisition | Discontinued | 9/1/2014 |
Relationships | Role | Relationship Start | Relationship End |
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