Company Overview of First Commons Bank, N.A.
First Commons Bank, N.A., a full-service community bank, personal and businesses banking products and services in Massachusetts. Its personal services include checking accounts; money market accounts; savings and CDs; personal lending, including loans for home purchases, home refinancing, and personal borrowing; and other personal banking services, including online banking and bill pay, mobile banking, etc. The company’s business services include business checking accounts; cash management products and services; savings/CDs/money market accounts; business lending, including term loans, lines of credit, small business mortgages, and secured loans; and other business banking services, includin...
718 Beacon Street
Newton, MA 02459
Founded in 2009
Key Executives for First Commons Bank, N.A.
Co-Founder, Chairman, Chief Executive Officer and President
Co-Founder and Vice Chairman
Compensation as of Fiscal Year 2015.
First Commons Bank, N.A. Key Developments
First Commons Bank, N.A. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015
Apr 23 15
First Commons Bank, N.A. reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total interest income of $2,573,000 compared to $2,586,000 a year ago. Net interest income was $2,014,000 compared to $2,053,000 a year ago. Net interest income after provision for loan losses was $1,980,000 compared to $2,028,000 a year ago. Income before income tax was $359,000 compared to $501,000 a year ago. Net income was $206,000 compared to $293,000 a year ago.
First Commons Bank Announces Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014
Jan 30 15
First Commons Bank announced unaudited earnings results for the fourth quarter and year ended December 31, 2014. Net income for the quarter was $282,000 compared to $253,000 for the fourth quarter of 2013.
Net income for the period January 1 to December 31, 2014 was $1.255 million, compared to $884,000 for the same period of 2013, an increase of 42%. The Bank's Return on Average Assets for the twelve month period ended December 31, 2014 was 0.50%, compared to 0.39% for the twelve month period ended December 31, 2013. Net interest income was $8,696,000 against $8,211,000 a year ago. Income before income tax expense was $2,148,000 against $1,532,000 a year ago. Book value of the Bank's common stock was $9.71 per share as of December 31, 2014, compared to $9.00 as of December 31, 2013.
First Commons Bank, N.A. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
Oct 28 14
First Commons Bank, N.A. reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the third quarter ended September 30, 2014, the company reported net income of $285,000 compared to $110,000 a year ago.
For the nine months, the company reported total interest income of $8,143,000 against $7,256,000 a year ago. Net interest income was $6,452,000 against $5,863,000 a year ago. Income before income tax expense was $1,657,000 against $1,062,000 a year ago. Net income was $973,000 against $631,000 a year ago. The bank's return on average assets for the nine-month period ended September 30, 2014 was 0.52%, compared to 0.37% for the nine-month period ended September 30, 2013. Book value of the bank's common stock as of September 30, 2014 was $9.40.
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