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


Marblehead Bank - Overview

  • General
  • FDIC Certificate #: 90234
    Status: Active
    Federal Reserve ID: 816304
    Date Established: March 18, 1871
    WWW: http://www.marblebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 8425
    FDIC's unique #: 17824
    Numeric code: 13
    Regulator: FED
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: September 17, 1985
    Last Structure Change Effective Date: October 22, 2008
    Last Structure Change Process Date: October 28, 2008
    Last Data Update: October 28, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 21 Atlantic Avenue, Marblehead, MA 1945
    County: Essex
    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: Peabody, MA (#37764)
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $171.6 mil
    Equity capital: $17.7 mil
    Deposits held in domestic offices: $135.3 mil
    Return on assets (ROA): 0.00% ($0.0 mil)
    Quarterly return on assets: 0.18% ($0.3 mil)
    Return on Equity (ROE): 0.03% ($0.0 mil)
    Quarterly return on equity: 1.75% ($0.3 mil)
    Net income: $0.0 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.07% ($120.1 mil)
    Quarterly Pretax return on assets: 0.23% ($394.6 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
  • 44Total employees (full-time equivalent)
  • $171,572Total assets
  • $29,352Cash and due from depository institutions
  • $25,807Interest-bearing balances
  • $3,333Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $125,875Net loans & leases
  • $873Loan loss allowance
  • $0Trading account assets
  • $2,005Bank premises and fixed assets
  • $0Other real estate owned
  • $140Goodwill and other intangibles
  • $171,572Life insurance assets
  • $10,867All other assets
  • $153,903Total liabilities and capital
  • $135,345Total liabilities
  • $119,535Total deposits
  • $135,345Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $15,000Trading liabilities
  • $0Other borrowed funds
  • $3,558Subordinated debt
  • $17,669All other liabilities
  • $17,669Total equity capital
  • $17,669Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $18,403Surplus
  • $-734Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,378Income earned, not collected on loans
  • $0Earning assets
  • $488Long-term assets (5+ years)
  • $155,015Average Assets, year-to-date
  • $98,809Average Assets, quarterly
  • $169,300Volatile liabilities
  • $170,404Insider loans
  • $90,468FHLB advances
  • $167,869Loans and leases held for sale
  • $5,516Unused loan commitments
  • $5,516Tier 1 (core) risk-based capital
  • $16,399Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,171Restructured Loans and leases
  • $3,326Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,702Total interest income
  • $1,243Total interest expense
  • $5,459Net interest income
  • $40Provision for loan and lease losses
  • $1,122Total noninterest income
  • $0Fiduciary activities
  • $405Service charges on deposit accounts
  • $0Trading account gains & fees
  • $717Additional noninterest income
  • $6,415Total noninterest expense
  • $3,800Salaries and employee benefits
  • $704Premises and equipment expense
  • $1,911Additional noninterest expense
  • $126Pre-tax net operating income
  • $0Securities gains (losses)
  • $120Applicable income taxes
  • $6Income before extraordinary items
  • $0Extraordinary gains - net
  • $6Net income attributable to bank
  • $0Net charge-offs
  • $6Cash dividends
  • $6Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.37%Yield on earning assets
  • 0.81%Cost of funding earning assets
  • 3.56%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 4.18%Noninterest expense to earning assets
  • 0.00%Net operating income to assets
  • 0.00%Return on assets (ROA)
  • 0.07%Pretax return on assets
  • 0.03%Return on equity (ROE)
  • 0.03%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 666.67%Credit loss provision to net charge-offs
  • 27.67%Efficiency ratio
  • 97,478Assets per employee
  • 3.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.69%Loss allowance to noncurrent loans
  • 63.35%Noncurrent assets plus other real estate owned to assets
  • 0.80%Noncurrent loans to loans
  • 1.09%Net loans and leases to deposits
  • 93.00%Net loans and leases to core deposits
  • 97.01%Equity capital to assets
  • 10.30%Core capital (leverage) ratio
  • 9.77%Tier 1 risk-based capital ratio
  • 18.13%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $169,300Average earning assets
  • $17,573Average equity
  • $153,406Average loans

List of branches

  • 3 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017824Marblehead Bank21 Atlantic Avenue, Marblehead, MA 1945March 18, 1871Full Service Brick and Mortar
    1291311Humphrey Street Branch1 Humphrey Street, Marblehead, MA 1945March 31, 1975Full Service Brick and Mortar
    2521621Cummings Center Branch100 Cummings Center Suite 101-F, Beverly, MA 1915September 07, 2010Full Service Brick and Mortar

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