Home > First Massachusetts Bank > Loan Charge- Offs and Recoveries
First Massachusetts Bank, Loan Charge- Offs and Recoveries
| 2001-12-31 (YTD Data) | Rank | |
| Total charge-offs | $10,011,000 | 223 |
| Loans secured by real estate, total | $958,000 | 287 |
| To non-U.S. addressees | $0 | 14 |
| Real estate loans in domestic offices | $958,000 | 285 |
| Construction and land development | $0 | 908 |
| Secured by farmland | $0 | 391 |
| Total charge-offs secured by 1-4 family residential properties | $715,000 | 187 |
| Secured by multifamily residential properties | $0 | 232 |
| Secured by nonfarm nonresidential properties | $243,000 | 340 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 24 |
| To foreign banks | $0 | 10 |
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| Commercial and industrial loans | $4,642,000 | 169 |
| Loans to individuals | $4,411,000 | 204 |
| Credit card loan charge offs | $0 | 2,261 |
| Auto Loans Charge-Offs | NA | NA |
| Other Consumer Loan Charge-Offs | $4,411,000 | 143 |
| Loans to foreign governments and official institutions | $0 | 19 |
| Other loans | $0 | 1,962 |
| Lease financing receivables | $0 | 314 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | $0 | 889 |
| Total recoveries | $1,723,000 | 235 |
| Loans secured by real estate, total | $91,000 | 563 |
| To non-U.S. addressees | $0 | 11 |
| Real estate loans in domestic offices | $91,000 | 562 |
| Construction and land development | $0 | 490 |
| Secured by farmland | $0 | 411 |
| Secured by 1-4 family residential properties - total recoveries | $62,000 | 391 |
| Secured by multifamily residential properties | $0 | 182 |
| Secured by nonfarm nonresidential properties | $29,000 | 445 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 35 |
| To foreign banks | $0 | 17 |
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| Commercial and industrial loans | $1,263,000 | 125 |
| Loans to individuals | $369,000 | 323 |
| Credit card loan recoveries | $11,000 | 493 |
| Auto Loans - Recoveries | NA | NA |
| Other Consumer Loan Recoveries | $358,000 | 269 |
| Loans to foreign governments and official institutions | $0 | 18 |
| Other loans | $0 | 1,877 |
| Lease financing receivables | $0 | 247 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | $0 | 990 |
| Net charge-offs | $8,288,000 | 232 |
| Loans secured by real estate, total | $867,000 | 267 |
| To non-U.S. addressees | $0 | 14 |
| Real estate loans in domestic offices | $867,000 | 264 |
| Construction and land development | $0 | 844 |
| Secured by farmland | $0 | 337 |
| Secured by 1-4 family residential properties- net charge-offs | $653,000 | 171 |
| Secured by multifamily residential properties | $0 | 198 |
| Secured by nonfarm nonresidential properties | $214,000 | 330 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 21 |
| To foreign banks | $0 | 7 |
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| Commercial and industrial loans | $3,379,000 | 197 |
| To non-U.S. addressees | $0 | 33 |
| Loans to individuals | $4,042,000 | 184 |
| Credit card loan net charge offs | $-11,000 | 9,569 |
| Auto Loans - Net Charge-Offs | NA | NA |
| Other Consumer Loans Net Charge-Offs | $4,053,000 | 122 |
| Loans to foreign governments and official institutions | $0 | 17 |
| Other loans | $0 | 1,676 |
| Lease financing receivables | $0 | 303 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | $0 | 735 |
| 2000-12-31 (YTD Data) | Rank | |
| Total charge-offs | $7,357,000 | 253 |
| Loans secured by real estate, total | $934,000 | 233 |
| To non-U.S. addressees | $0 | 10 |
| Real estate loans in domestic offices | $934,000 | 233 |
| Construction and land development | $0 | 585 |
| Secured by farmland | $0 | 333 |
| Total charge-offs secured by 1-4 family residential properties | $808,000 | 163 |
| Secured by multifamily residential properties | $0 | 211 |
| Secured by nonfarm nonresidential properties | $126,000 | 364 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 20 |
| To foreign banks | $0 | 16 |
| Loans to finance agricultural production and other loans to farmers | $0 | 197 |
| Commercial and industrial loans | $3,765,000 | 159 |
| Loans to individuals | $2,658,000 | 265 |
| Credit card loan charge offs | $124,000 | 421 |
| Auto Loans Charge-Offs | NA | NA |
| Other Consumer Loan Charge-Offs | $2,534,000 | 171 |
| Loans to foreign governments and official institutions | $0 | 13 |
| Other loans | $0 | 240 |
| Lease financing receivables | $0 | 262 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| Total recoveries | $1,353,000 | 275 |
| Loans secured by real estate, total | $432,000 | 168 |
| To non-U.S. addressees | $0 | 9 |
| Real estate loans in domestic offices | $433,000 | 168 |
| Construction and land development | $0 | 380 |
| Secured by farmland | $0 | 361 |
| Secured by 1-4 family residential properties - total recoveries | $24,000 | 803 |
| Secured by multifamily residential properties | $33,000 | 85 |
| Secured by nonfarm nonresidential properties | $376,000 | 81 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 22 |
| To foreign banks | $0 | 19 |
| Loans to finance agricultural production and other loans to farmers | $0 | 192 |
| Commercial and industrial loans | $381,000 | 280 |
| Loans to individuals | $540,000 | 282 |
| Credit card loan recoveries | $8,000 | 827 |
| Auto Loans - Recoveries | NA | NA |
| Other Consumer Loan Recoveries | $532,000 | 210 |
| Loans to foreign governments and official institutions | $0 | 13 |
| Other loans | $0 | 222 |
| Lease financing receivables | $0 | 249 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| Net charge-offs | $6,004,000 | 246 |
| Loans secured by real estate, total | $502,000 | 307 |
| To non-U.S. addressees | $0 | 9 |
| Real estate loans in domestic offices | $501,000 | 307 |
| Construction and land development | $0 | 551 |
| Secured by farmland | $0 | 284 |
| Secured by 1-4 family residential properties- net charge-offs | $784,000 | 152 |
| Secured by multifamily residential properties | $-33,000 | 9,831 |
| Secured by nonfarm nonresidential properties | $-250,000 | 9,852 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 15 |
| To foreign banks | $0 | 11 |
| Loans to finance agricultural production and other loans to farmers | $0 | 148 |
| Commercial and industrial loans | $3,384,000 | 154 |
| To non-U.S. addressees | $0 | 35 |
| Loans to individuals | $2,118,000 | 255 |
| Credit card loan net charge offs | $116,000 | 384 |
| Auto Loans - Net Charge-Offs | NA | NA |
| Other Consumer Loans Net Charge-Offs | $2,002,000 | 165 |
| Loans to foreign governments and official institutions | $0 | 10 |
| Other loans | $0 | 211 |
| Lease financing receivables | $0 | 240 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| 1999-12-31 (YTD Data) | Rank | |
| Total charge-offs | $1,279,000 | 739 |
| Loans secured by real estate, total | $278,000 | 603 |
| To non-U.S. addressees | $0 | 8 |
| Real estate loans in domestic offices | $278,000 | 601 |
| Construction and land development | $0 | 611 |
| Secured by farmland | $0 | 351 |
| Total charge-offs secured by 1-4 family residential properties | $154,000 | 563 |
| Secured by multifamily residential properties | $112,000 | 88 |
| Secured by nonfarm nonresidential properties | $12,000 | 1,086 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 27 |
| To foreign banks | $0 | 23 |
| Loans to finance agricultural production and other loans to farmers | $0 | 203 |
| Commercial and industrial loans | $80,000 | 2,676 |
| Loans to individuals | $750,000 | 542 |
| Credit card loan charge offs | $468,000 | 270 |
| Auto Loans Charge-Offs | NA | NA |
| Other Consumer Loan Charge-Offs | $282,000 | 904 |
| Loans to foreign governments and official institutions | $0 | 10 |
| Other loans | $171,000 | 111 |
| Lease financing receivables | $0 | 289 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| Total recoveries | $414,000 | 684 |
| Loans secured by real estate, total | $147,000 | 429 |
| To non-U.S. addressees | $0 | 9 |
| Real estate loans in domestic offices | $147,000 | 429 |
| Construction and land development | $6,000 | 275 |
| Secured by farmland | $0 | 418 |
| Secured by 1-4 family residential properties - total recoveries | $87,000 | 339 |
| Secured by multifamily residential properties | $12,000 | 143 |
| Secured by nonfarm nonresidential properties | $42,000 | 449 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 24 |
| To foreign banks | $0 | 18 |
| Loans to finance agricultural production and other loans to farmers | $0 | 208 |
| Commercial and industrial loans | $79,000 | 1,072 |
| Loans to individuals | $188,000 | 571 |
| Credit card loan recoveries | $64,000 | 313 |
| Auto Loans - Recoveries | NA | NA |
| Other Consumer Loan Recoveries | $124,000 | 651 |
| Loans to foreign governments and official institutions | $0 | 11 |
| Other loans | $0 | 282 |
| Lease financing receivables | $0 | 264 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| Net charge-offs | $865,000 | 785 |
| Loans secured by real estate, total | $131,000 | 796 |
| To non-U.S. addressees | $0 | 7 |
| Real estate loans in domestic offices | $131,000 | 795 |
| Construction and land development | $-6,000 | 10,033 |
| Secured by farmland | $0 | 293 |
| Secured by 1-4 family residential properties- net charge-offs | $67,000 | 878 |
| Secured by multifamily residential properties | $100,000 | 75 |
| Secured by nonfarm nonresidential properties | $-30,000 | 9,883 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 25 |
| To foreign banks | $0 | 22 |
| Loans to finance agricultural production and other loans to farmers | $0 | 165 |
| Commercial and industrial loans | $1,000 | 5,188 |
| To non-U.S. addressees | $0 | 35 |
| Loans to individuals | $562,000 | 536 |
| Credit card loan net charge offs | $404,000 | 264 |
| Auto Loans - Net Charge-Offs | NA | NA |
| Other Consumer Loans Net Charge-Offs | $158,000 | 1,086 |
| Loans to foreign governments and official institutions | $0 | 9 |
| Other loans | $171,000 | 83 |
| Lease financing receivables | $0 | 263 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| 1998-12-31 (YTD Data) | Rank | |
| Total charge-offs | $871,000 | 1,030 |
| Loans secured by real estate, total | $392,000 | 505 |
| To non-U.S. addressees | $0 | 13 |
| Real estate loans in domestic offices | $392,000 | 501 |
| Construction and land development | $0 | 630 |
| Secured by farmland | $0 | 328 |
| Total charge-offs secured by 1-4 family residential properties | $322,000 | 346 |
| Secured by multifamily residential properties | $48,000 | 184 |
| Secured by nonfarm nonresidential properties | $22,000 | 1,012 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 21 |
| To foreign banks | $0 | 17 |
| Loans to finance agricultural production and other loans to farmers | $0 | 187 |
| Commercial and industrial loans | $82,000 | 2,598 |
| Loans to individuals | $395,000 | 897 |
| Credit card loan charge offs | $211,000 | 425 |
| Auto Loans Charge-Offs | NA | NA |
| Other Consumer Loan Charge-Offs | $184,000 | 1,319 |
| Loans to foreign governments and official institutions | $0 | 11 |
| Other loans | $2,000 | 262 |
| Lease financing receivables | $0 | 296 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| Total recoveries | $169,000 | 1,391 |
| Loans secured by real estate, total | $82,000 | 718 |
| To non-U.S. addressees | $0 | 10 |
| Real estate loans in domestic offices | $82,000 | 718 |
| Construction and land development | $10,000 | 280 |
| Secured by farmland | $0 | 446 |
| Secured by 1-4 family residential properties - total recoveries | $14,000 | 1,203 |
| Secured by multifamily residential properties | $0 | 272 |
| Secured by nonfarm nonresidential properties | $58,000 | 434 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 19 |
| To foreign banks | $0 | 13 |
| Loans to finance agricultural production and other loans to farmers | $0 | 201 |
| Commercial and industrial loans | $10,000 | 3,640 |
| Loans to individuals | $77,000 | 1,148 |
| Credit card loan recoveries | $38,000 | 407 |
| Auto Loans - Recoveries | NA | NA |
| Other Consumer Loan Recoveries | $39,000 | 1,721 |
| Loans to foreign governments and official institutions | $0 | 14 |
| Other loans | $0 | 267 |
| Lease financing receivables | $0 | 264 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| Net charge-offs | $702,000 | 972 |
| Loans secured by real estate, total | $310,000 | 459 |
| To non-U.S. addressees | $0 | 12 |
| Real estate loans in domestic offices | $310,000 | 456 |
| Construction and land development | $-10,000 | 10,262 |
| Secured by farmland | $0 | 259 |
| Secured by 1-4 family residential properties- net charge-offs | $308,000 | 289 |
| Secured by multifamily residential properties | $48,000 | 147 |
| Secured by nonfarm nonresidential properties | $-36,000 | 10,135 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 21 |
| To foreign banks | $0 | 17 |
| Loans to finance agricultural production and other loans to farmers | $0 | 152 |
| Commercial and industrial loans | $72,000 | 2,252 |
| To non-U.S. addressees | $0 | 36 |
| Loans to individuals | $318,000 | 841 |
| Credit card loan net charge offs | $173,000 | 424 |
| Auto Loans - Net Charge-Offs | NA | NA |
| Other Consumer Loans Net Charge-Offs | $145,000 | 1,218 |
| Loans to foreign governments and official institutions | $0 | 10 |
| Other loans | $2,000 | 238 |
| Lease financing receivables | $0 | 278 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| 1997-12-31 (YTD Data) | Rank | |
| Total charge-offs | $1,212,000 | 877 |
| Loans secured by real estate, total | $543,000 | 467 |
| To non-U.S. addressees | $0 | 11 |
| Real estate loans in domestic offices | $543,000 | 466 |
| Construction and land development | $0 | 676 |
| Secured by farmland | $0 | 358 |
| Total charge-offs secured by 1-4 family residential properties | $275,000 | 434 |
| Secured by multifamily residential properties | $0 | 405 |
| Secured by nonfarm nonresidential properties | $268,000 | 316 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 18 |
| To foreign banks | $0 | 10 |
| Loans to finance agricultural production and other loans to farmers | $0 | 200 |
| Commercial and industrial loans | $310,000 | 1,005 |
| Loans to individuals | $354,000 | 1,060 |
| Credit card loan charge offs | $251,000 | 447 |
| Auto Loans Charge-Offs | NA | NA |
| Other Consumer Loan Charge-Offs | $103,000 | 2,200 |
| Loans to foreign governments and official institutions | $0 | 7 |
| Other loans | $5,000 | 244 |
| Lease financing receivables | $0 | 317 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| Total recoveries | $173,000 | 1,515 |
| Loans secured by real estate, total | $62,000 | 970 |
| To non-U.S. addressees | $0 | 12 |
| Real estate loans in domestic offices | $62,000 | 970 |
| Construction and land development | $5,000 | 375 |
| Secured by farmland | $0 | 504 |
| Secured by 1-4 family residential properties - total recoveries | $1,000 | 2,907 |
| Secured by multifamily residential properties | $0 | 333 |
| Secured by nonfarm nonresidential properties | $56,000 | 515 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 28 |
| To foreign banks | $0 | 18 |
| Loans to finance agricultural production and other loans to farmers | $0 | 218 |
| Commercial and industrial loans | $30,000 | 2,414 |
| Loans to individuals | $77,000 | 1,189 |
| Credit card loan recoveries | $47,000 | 384 |
| Auto Loans - Recoveries | NA | NA |
| Other Consumer Loan Recoveries | $30,000 | 2,166 |
| Loans to foreign governments and official institutions | $0 | 27 |
| Other loans | $4,000 | 224 |
| Lease financing receivables | $0 | 286 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| Net charge-offs | $1,039,000 | 783 |
| Loans secured by real estate, total | $481,000 | 376 |
| To non-U.S. addressees | $0 | 10 |
| Real estate loans in domestic offices | $481,000 | 374 |
| Construction and land development | $-5,000 | 10,639 |
| Secured by farmland | $0 | 284 |
| Secured by 1-4 family residential properties- net charge-offs | $274,000 | 358 |
| Secured by multifamily residential properties | $0 | 354 |
| Secured by nonfarm nonresidential properties | $212,000 | 258 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 16 |
| To foreign banks | $0 | 8 |
| Loans to finance agricultural production and other loans to farmers | $0 | 139 |
| Commercial and industrial loans | $280,000 | 822 |
| To non-U.S. addressees | $0 | 21 |
| Loans to individuals | $277,000 | 1,021 |
| Credit card loan net charge offs | $204,000 | 449 |
| Auto Loans - Net Charge-Offs | NA | NA |
| Other Consumer Loans Net Charge-Offs | $73,000 | 2,194 |
| Loans to foreign governments and official institutions | $0 | 7 |
| Other loans | $1,000 | 223 |
| Lease financing receivables | $0 | 291 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| 1996-12-31 (YTD Data) | Rank | |
| Total charge-offs | $1,281,000 | 948 |
| Loans secured by real estate, total | $716,000 | 501 |
| To non-U.S. addressees | $0 | 10 |
| Real estate loans in domestic offices | $716,000 | 501 |
| Construction and land development | $73,000 | 268 |
| Secured by farmland | $0 | 391 |
| Total charge-offs secured by 1-4 family residential properties | $77,000 | 1,170 |
| Secured by multifamily residential properties | $0 | 460 |
| Secured by nonfarm nonresidential properties | $566,000 | 267 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 23 |
| To foreign banks | $0 | 12 |
| Loans to finance agricultural production and other loans to farmers | $0 | 223 |
| Commercial and industrial loans | $232,000 | 1,310 |
| Loans to individuals | $316,000 | 1,184 |
| Credit card loan charge offs | $172,000 | 564 |
| Auto Loans Charge-Offs | NA | NA |
| Other Consumer Loan Charge-Offs | $144,000 | 1,738 |
| Loans to foreign governments and official institutions | $0 | 11 |
| Other loans | $17,000 | 245 |
| Lease financing receivables | $0 | 355 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| Total recoveries | $77,000 | 2,941 |
| Loans secured by real estate, total | $45,000 | 1,321 |
| To non-U.S. addressees | $0 | 8 |
| Real estate loans in domestic offices | $45,000 | 1,321 |
| Construction and land development | $0 | 613 |
| Secured by farmland | $0 | 587 |
| Secured by 1-4 family residential properties - total recoveries | $15,000 | 1,416 |
| Secured by multifamily residential properties | $0 | 399 |
| Secured by nonfarm nonresidential properties | $30,000 | 824 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 32 |
| To foreign banks | $0 | 18 |
| Loans to finance agricultural production and other loans to farmers | $0 | 231 |
| Commercial and industrial loans | $2,000 | 6,130 |
| Loans to individuals | $30,000 | 2,493 |
| Credit card loan recoveries | $5,000 | 1,223 |
| Auto Loans - Recoveries | NA | NA |
| Other Consumer Loan Recoveries | $25,000 | 2,567 |
| Loans to foreign governments and official institutions | $0 | 32 |
| Other loans | $0 | 331 |
| Lease financing receivables | $0 | 294 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
| Net charge-offs | $1,204,000 | 801 |
| Loans secured by real estate, total | $671,000 | 391 |
| To non-U.S. addressees | $0 | 7 |
| Real estate loans in domestic offices | $671,000 | 390 |
| Construction and land development | $73,000 | 229 |
| Secured by farmland | $0 | 311 |
| Secured by 1-4 family residential properties- net charge-offs | $62,000 | 1,096 |
| Secured by multifamily residential properties | $0 | 413 |
| Secured by nonfarm nonresidential properties | $536,000 | 199 |
| Real estate loans in foreign offices | NA | NA |
| Loans to depository institutions | $0 | 20 |
| To foreign banks | $0 | 10 |
| Loans to finance agricultural production and other loans to farmers | $0 | 178 |
| Commercial and industrial loans | $230,000 | 963 |
| To non-U.S. addressees | $0 | 22 |
| Loans to individuals | $286,000 | 1,052 |
| Credit card loan net charge offs | $167,000 | 527 |
| Auto Loans - Net Charge-Offs | NA | NA |
| Other Consumer Loans Net Charge-Offs | $119,000 | 1,514 |
| Loans to foreign governments and official institutions | $0 | 5 |
| Other loans | $17,000 | 207 |
| Lease financing receivables | $0 | 316 |
| Memoranda: | ||
| Loans to finance agricultural production and other loans to farmers | NA | NA |
* The data above is accumulated from the beginning of the year to the date posted. The data for Dec. 31 is the number for the entire year.