Eagle Bank in Everett, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Eagle Bank - Overview

  • General
  • FDIC Certificate #: 90191
    Status: Active
    Federal Reserve ID: 197302
    Date Established: March 01, 1889
    WWW: http://www.bankeagle.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 8478
    FDIC's unique #: 17782
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: July 01, 1985
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 466 Broadway, Everett, MA 2149
    County: Middlesex
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: North Boston
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Boston, MA-NH (#1120)
    Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7)
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Boston-Cambridge-Quincy, MA-NH (#14460)
    CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460)
    Core Based Statistical Division: Cambridge-Newton-Framingham, MA (#15764)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $430.1 mil
    Equity capital: $45.8 mil
    Deposits held in domestic offices: $359.4 mil
    Return on assets (ROA): 0.27% ($1.2 mil)
    Quarterly return on assets: 0.57% ($2.5 mil)
    Return on Equity (ROE): 2.60% ($1.2 mil)
    Quarterly return on equity: 5.48% ($2.5 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 0.24% ($1,032.2 mil)
    Quarterly Pretax return on assets: 0.42% ($1,806.4 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 83Total employees (full-time equivalent)
  • $430,085Total assets
  • $9,591Cash and due from depository institutions
  • $7,061Interest-bearing balances
  • $205,224Securities
  • $26Federal funds sold & reverse repurchase agreements
  • $181,576Net loans & leases
  • $4,236Loan loss allowance
  • $0Trading account assets
  • $6,559Bank premises and fixed assets
  • $0Other real estate owned
  • $190Goodwill and other intangibles
  • $430,085Life insurance assets
  • $26,919All other assets
  • $384,271Total liabilities and capital
  • $359,437Total liabilities
  • $317,362Total deposits
  • $359,437Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $14,874Trading liabilities
  • $0Other borrowed funds
  • $9,960Subordinated debt
  • $45,814All other liabilities
  • $45,814Total equity capital
  • $45,814Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $45,361Surplus
  • $453Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $714Income earned, not collected on loans
  • $0Earning assets
  • $2,806Long-term assets (5+ years)
  • $393,887Average Assets, year-to-date
  • $109,905Average Assets, quarterly
  • $434,313Volatile liabilities
  • $434,752Insider loans
  • $367,006FHLB advances
  • $430,298Loans and leases held for sale
  • $15,295Unused loan commitments
  • $15,295Tier 1 (core) risk-based capital
  • $42,545Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $31,638Restructured Loans and leases
  • $1,595Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,282Total interest income
  • $3,711Total interest expense
  • $10,571Net interest income
  • $0Provision for loan and lease losses
  • $1,762Total noninterest income
  • $0Fiduciary activities
  • $576Service charges on deposit accounts
  • -$43Trading account gains & fees
  • $1,229Additional noninterest income
  • $12,374Total noninterest expense
  • $7,516Salaries and employee benefits
  • $1,717Premises and equipment expense
  • $3,141Additional noninterest expense
  • -$41Pre-tax net operating income
  • $1,070Securities gains (losses)
  • -$157Applicable income taxes
  • $1,186Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,186Net income attributable to bank
  • $0Net charge-offs
  • $1,186Cash dividends
  • $84Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.59%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 2.66%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 3.11%Noninterest expense to earning assets
  • 0.03%Net operating income to assets
  • 0.27%Return on assets (ROA)
  • 0.24%Pretax return on assets
  • 2.60%Return on equity (ROE)
  • 2.60%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • -0.49%Efficiency ratio
  • 100,332Assets per employee
  • 5.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.28%Loss allowance to noncurrent loans
  • 593.28%Noncurrent assets plus other real estate owned to assets
  • 0.17%Noncurrent loans to loans
  • 0.38%Net loans and leases to deposits
  • 50.52%Net loans and leases to core deposits
  • 53.56%Equity capital to assets
  • 10.65%Core capital (leverage) ratio
  • 9.89%Tier 1 risk-based capital ratio
  • 11.59%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $434,313Average earning assets
  • $45,682Average equity
  • $398,126Average loans

Total Fiduciary and Related Assets (December 31, 2006)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $717Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 114Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $717Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 6 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017782Eagle Bank466 Broadway, Everett, MA 2149March 01, 1889Full Service Brick and Mortar
    1291102Main Street Branch183 Main Street, Everett, MA 2149September 16, 1974Full Service Brick and Mortar
    2291103Ferry Street Branch299 Ferry Street, Everett, MA 2149November 17, 1975Full Service Brick and Mortar
    4291105Medford Foodmast. Supermarket Branch471 Salem Street, Medford, MA 2155May 01, 1997Full Service Retail
    6360984East Lexington Branch171 Massachusetts Avenue, Lexington, MA 2420December 04, 2000Full Service Brick and Mortar
    7419482Lexington Center Branch1768 Massachusetts Avenue, Lexington, MA 2420June 30, 2003Full Service Brick and Mortar

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