Eagle Bank in Everett, Massachusetts (MA)



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Eagle Bank routing number info

Table of contents:
Eagle Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)83
Total assets$430,085
Cash and due from depository institutions$9,591
Interest-bearing balances$7,061
Securities$205,224
Federal funds sold & reverse repurchase agreements$26
Net loans & leases$181,576
Loan loss allowance $4,236
Trading account assets$0
Bank premises and fixed assets$6,559
Other real estate owned$0
Goodwill and other intangibles$190
All other assets$26,919
Life insurance assets$430,085
Total liabilities and capital$384,271
Total liabilities$359,437
Total deposits$317,362
Interest-bearing deposits$359,437
Deposits held in domestic offices$93
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$14,874
Other borrowed funds $0
Subordinated debt $9,960
All other liabilities $45,814
Total equity capital$45,814
Total bank equity capital$45,814
Perpetual preferred stock$0
Common stock$0
Surplus$45,361
Undivided profits $453
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $714
Earning assets $0
Long-term assets (5+ years) $2,806
Average Assets, year-to-date $393,887
Average Assets, quarterly $109,905
Volatile liabilities $434,313
Insider loans $434,752
FHLB advances $367,006
Loans and leases held for sale $430,298
Unused loan commitments $15,295
Tier 1 (core) risk-based capital $15,295
Tier 2 risk-based capital $42,545
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $31,638
Derivatives$1,595
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $14,282
Total interest expense $3,711
Net interest income $10,571
Provision for loan and lease losses $0
Total noninterest income $1,762
Fiduciary activities $0
Service charges on deposit accounts $576
Trading account gains & fees -$43
Additional noninterest income $1,229
Total noninterest expense $12,374
Salaries and employee benefits $7,516
Premises and equipment expense $1,717
Additional noninterest expense $3,141
Pre-tax net operating income -$41
Securities gains (losses) $1,070
Applicable income taxes -$157
Income before extraordinary items $1,186
Extraordinary gains - net $0
Net income attributable to bank $1,186
Net charge-offs $0
Cash dividends $1,186
Sale, conversion, retirement of capital stock, net $84
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.59%
Cost of funding earning assets 0.93%
Net interest margin 2.66%
Noninterest income to earning assets 0.44%
Noninterest expense to earning assets 3.11%
Net operating income to assets 0.03%
Return on assets (ROA) 0.27%
Pretax return on assets 0.24%
Return on equity (ROE) 2.60%
Retained earnings to average equity (YTD only) 2.60%
Net charge-offs to loans 0.05%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio-0.49%
Assets per employee$100,332
Cash dividends to net income (YTD only)5.18%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.28%
Noncurrent assets plus other real estate owned to assets 593.28%
Noncurrent loans to loans 0.17%
Net loans and leases to deposits0.38%
Net loans and leases to core deposits 50.52%
Equity capital to assets 53.56%
Core capital (leverage) ratio 10.65%
Tier 1 risk-based capital ratio 9.89%
Total risk-based capital ratio 11.59%
Memoranda
Average assets$13
Average earning assets$434,313
Average equity $45,682
Average loans $398,126
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Total Fiduciary and Related Assets (December 31, 2006)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$717
Number of Accounts1
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts114
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$717
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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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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