QUARTERLY REPORTSeptember 30, 2019
The Coop supports our community, lifts up employeesAs I reflect on the past few months, the moments that stand out are the ones spent with our team. I was part of Team Coop that rode in The Gasp, and I’m proud of our team who not only finished, smiling, but also raised over $8,000! Plus, we had a blast hosting a soccer clinic for nearly a 100 kids with Olympian Kristine Lilly. Internally, we recognized great work with well-deserved promotions: Patricia Coffey and Paul Forni, vice presidents; Charlotte Green, Residential Mortgage Sales Manager; and Rob Carey, Vice President and Relationship Manager. One of the things about The Coop that I’m proud of is our commitment to giving people career opportunities and continued forward progress. These promotions are a testament to that.
162Employees
9Locations
$18,656
$3,717
$13
$14,926
$2,422
$12,749
$1,246
$3,353
$17,632
$2,755
-
$14,877
$1,923
$12,081
$1,188
$3,531
Interest Income
Interest Expenses
Loan Loss
Net Interest Income
Noninterest Income
Non-Interest Expense
Taxes
NET INCOME
Income Statement(in thousands)
9/30/2019 9/30/2018
$46,662
$60,210
$805,092
$46,403
$958,367
$839,346
$19,298
$3,809
$95,914
$958,367
$9,943
$60,122
$808,535
$46,280
$924,881
$802,647
$30,515
$2,907
$88,813
$924,881
Cash and Due From Banks
Investments
Net Loans
Other Assets
TOTAL ASSETS
Deposits
Borrowings
Other Liabilities
Equity
TOTAL LIABILITIES AND EQUITY
Balance Sheet(in thousands)
9/30/2019 9/30/2018
2015 2016 2017 2018 2019
CAPITAL
$75$78
$82$85
$92
2015 2016 2017 2018 2019
DEPOSITS
$584
$666
$736$790 $807
2015 2016 2017 2018 2019
GROSS LOANS
$695$723
$766$815 $815
2015 2016 2017 2018 2019
TOTAL ASSETS
$803$828
$879$924
$937(dollars in millions)
(dollars in millions)
(dollars in millions)
(dollars in millions)
Lisa Oliver
President and CEO
As of March 31
QUARTERLY REPORTSeptember 30, 2019
The Cooperative Bank of Cape Cod Charitable Foundation Trust gave $25,000 in grants to organizations for the quarter. These grants exemplify the mission of the foundation to cultivate vibrant and thriving communities: Cape Abilities, Cape Cod Challenger Green Project, Cape Symphony & Conservatory, CHAMP Homes, and The Children’s Center, run by the Harwich Ecumenical Council for the Homeless. “This grant will provide support to our children and families through our tuition assistance program,” said Abigail Newberry-West, director of The Children’s Center. “Through the support of community members like The Coop Foundation, we have been able to provide affordable childcare to working families for over 25 years!”
$6,148 34EMPLOYEE JEANS DAY
Across the Bank, our employees helped: Cape Abilities, Mic Flick Memorial Fund, Athletes Direction, Cape
Cod Disaster, Animal Response Team, Literacy Council, Alzheimer’s Family Support Center of Cape Cod
ORGANIZATIONSTeam Coop participated in and sponsored
many events this quarter, helping a total of 34 Cape Cod organizations. These included the
United Way of Cape Cod and Heroes in Transition.
THE GASP
LEGO BUILD CHALLENGE
HEALTHY PARKS, HEALTHY PEOPLE
The Coop was named a Small Business Administration preferred partner, which is a credit to the strength and expertise of our team. We are financing capital expansion with large-scale projects in Mashpee: facilities for Cape Cod Coffee and The Cape Cod Dog Center. The multimillion dollar loan will help Cape Cod Coffee build a nearly 10,000-square-foot roasting facility with a cafe, shop, and space for special events. When it opens in Spring 2020, it will be a destination location. The CCDC will build a 4,000-square-foot complex, allowing them to care for more dogs and expand their services. It’s expected to open by Summer 2020. Our team is growing, too. We added Tom Burton, of Yarmouth Port; he’s active with the United Way of Cape and Islands. Rob Carey, Charlie DeSimone, and Mary Lenihan all received promotions. Rob lives with his young family in Sandwich. Charlie, of Dennis, helps with Cape Cod Challenger Club and Meals on Wheels. Mary, who transitioned from credit to Commerical Relationship Manager lives in South Yarmouth and is active with Rotary Club of Yarmouth and Pause-A-While. They bring more than 100 years of experience to The Coop!
COMMERCIAL BANKING
Charlie DeSimone
First Vice President and Commercial Relationship
Manager
Mary LenihanFirst Vice
President and Commercial Relationship
Manager
Rob Carey
Vice President and Commercial Relationship
Manager
Tom BurtonFirst Vice
President and Commercial Relationship
Manager
THE COOP FOUNDATION
CHARTITABLE GIVING