$99.8M
total assets, December 31, 1991
New Heritage Bank was a state nonmember bank in Lawrence, MA. It failed on Mar 6, 1992, and First NB Of Boston took over its deposits. At its last report it held $99.8 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1991
This bank failed
- Failed on
- Mar 6, 1992
- Assets
- $99.8M
- Deposits
- $99.9M
- Estimated cost
- $19.3M
- Deposits went to
- First NB Of Boston, Boston, MA
Total assets
$99.8M
+7.0% in a year · +6.0% in a quarter
Deposits
$99.9M
+12.7% in a year · +9.9% in a quarter
Loans
$63.7M
-10.7% in a year · -5.3% in a quarter
Profit so far
-$4.4M
Jan 1 to Dec 31, 1991
Capital ratio
-0.84%
-4.33 pts in a year
Return on assets
-4.74%
+3.29 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 454 Essex Street, Lawrence, MA, 01840
- County
- Essex
- Established
- Jul 9, 1987
- Failed
- Mar 6, 1992
- Employees
- 30
- Id
- b27092
Quarter by quarter
September 30, 1987 to December 31, 1991
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is New Heritage Bank?
$99.8 million in total assets and $99.9 million in deposits as of December 31, 1991, with assets up 7.0% from a year before. Its loans were $63.7 million.
Is New Heritage Bank profitable?
No: it lost $4.44 million from January 1 to December 31, 1991. Its return on assets was -4.74% a year; about 1% is typical.
When did New Heritage Bank fail?
Mar 6, 1992. First NB Of Boston of Boston, MA took over its deposits. The estimated cost of the failure was $19.3 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.