Leader Bank, National Association in Arlington, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Leader Bank, National Association - Overview

  • General
  • FDIC Certificate #: 57134
    Status: Active
    Federal Reserve ID: 3109146
    Bank Holding Company (Regulatory Top Holder): Leader Bancorp, Inc (RSSDID: 3439236, Location: Arlington, MA)
    Date Established: May 08, 2002
    WWW: http://www.leaderbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 358427
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 08, 2002
    Last Structure Change Effective Date: July 06, 2011
    Last Structure Change Process Date: July 15, 2011
    Last Data Update: July 15, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 141 Massachusetts Avenue, Arlington, MA 2476
    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
  • Office Purchased
  • Financial Summary
  • Total assets: $509.3 mil
    Equity capital: $61.3 mil
    Deposits held in domestic offices: $342.4 mil
    Return on assets (ROA): 1.48% ($7.5 mil)
    Quarterly return on assets: 2.43% ($12.4 mil)
    Return on Equity (ROE): 12.15% ($7.4 mil)
    Quarterly return on equity: 19.32% ($11.8 mil)
    Net income: $6.2 mil
    Quarterly Net income: $2.9 mil
    Pretax return on assets: 2.37% ($12,070.1 mil)
    Quarterly Pretax return on assets: 3.97% ($20,218.7 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
  • 146Total employees (full-time equivalent)
  • $509,286Total assets
  • $63,228Cash and due from depository institutions
  • $54,960Interest-bearing balances
  • $30,647Securities
  • $2Federal funds sold & reverse repurchase agreements
  • $369,985Net loans & leases
  • $3,311Loan loss allowance
  • $0Trading account assets
  • $3,072Bank premises and fixed assets
  • $0Other real estate owned
  • $8,346Goodwill and other intangibles
  • $509,286Life insurance assets
  • $34,006All other assets
  • $448,018Total liabilities and capital
  • $342,437Total liabilities
  • $293,584Total deposits
  • $342,437Interest-bearing deposits
  • $56Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $92,180Trading liabilities
  • $6,000Other borrowed funds
  • $7,401Subordinated debt
  • $61,268All other liabilities
  • $61,268Total equity capital
  • $61,268Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $39,501Surplus
  • $21,766Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $32,557Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,112Income earned, not collected on loans
  • $0Earning assets
  • $1,305Long-term assets (5+ years)
  • $455,594Average Assets, year-to-date
  • $156,478Average Assets, quarterly
  • $417,006Volatile liabilities
  • $477,048Insider loans
  • $328,770FHLB advances
  • $456,737Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $60,703Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $215,385Restructured Loans and leases
  • $3,141Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,662Total interest income
  • $4,864Total interest expense
  • $12,798Net interest income
  • $617Provision for loan and lease losses
  • $10,590Total noninterest income
  • $0Fiduciary activities
  • $104Service charges on deposit accounts
  • $0Trading account gains & fees
  • $10,486Additional noninterest income
  • $12,903Total noninterest expense
  • $8,197Salaries and employee benefits
  • $1,603Premises and equipment expense
  • $3,103Additional noninterest expense
  • $9,868Pre-tax net operating income
  • $0Securities gains (losses)
  • $3,703Applicable income taxes
  • $6,165Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,165Net income attributable to bank
  • $0Net charge-offs
  • $6,165Cash dividends
  • $34Sale, conversion, retirement of capital stock, net
  • $750Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.61%Yield on earning assets
  • 1.27%Cost of funding earning assets
  • 3.34%Net interest margin
  • 2.76%Noninterest income to earning assets
  • 3.36%Noninterest expense to earning assets
  • 1.48%Net operating income to assets
  • 1.48%Return on assets (ROA)
  • 2.37%Pretax return on assets
  • 12.15%Return on equity (ROE)
  • 10.67%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 1814.71%Credit loss provision to net charge-offs
  • 308.38%Efficiency ratio
  • 55,169Assets per employee
  • 3.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 12.17%Loss allowance to loans
  • 0.89%Loss allowance to noncurrent loans
  • 297.75%Noncurrent assets plus other real estate owned to assets
  • 0.22%Noncurrent loans to loans
  • 0.30%Net loans and leases to deposits
  • 108.04%Net loans and leases to core deposits
  • 200.50%Equity capital to assets
  • 12.03%Core capital (leverage) ratio
  • 13.29%Tier 1 risk-based capital ratio
  • 18.46%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $417,006Average earning assets
  • $50,760Average equity
  • $383,498Average loans

List of branches

  • 5 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0358427Leader Bank, National Association141 Massachusetts Avenue, Arlington, MA 2476May 08, 2002Full Service Brick and Mortar
    1441871Arlington Center Branch449 Massachusetts Avenue, Arlington, MA 2474September 08, 2004Full Service Brick and Mortar
    2441872Central Square Branch675 Massachusetts Avenue, Cambridge, MA 2139June 29, 2005Full Service Brick and Mortar
    3479348Belmont Branch363 Pleasant St, Belmont, MA 2478January 11, 2008Full Service Brick and Mortar
    5521934Burlington Branch50 Mall Rd, Burlington, MA 1803September 08, 2010Full Service Brick and Mortar

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