Melrose Co-operative Bank in Melrose, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Melrose Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 26511
    Status: Active
    Federal Reserve ID: 338178
    Date Established: January 01, 1890
    WWW: http://www.melrosecoop.com
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 33213
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: January 21, 1986
    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: 638 Main Street, Melrose, MA 2176
    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: $179.3 mil
    Equity capital: $18.1 mil
    Deposits held in domestic offices: $160.9 mil
    Return on assets (ROA): 0.57% ($1.0 mil)
    Quarterly return on assets: 0.88% ($1.6 mil)
    Return on Equity (ROE): 5.55% ($1.0 mil)
    Quarterly return on equity: 8.78% ($1.6 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.86% ($1,542.0 mil)
    Quarterly Pretax return on assets: 1.38% ($2,474.3 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
  • 21Total employees (full-time equivalent)
  • $179,300Total assets
  • $6,434Cash and due from depository institutions
  • $17Interest-bearing balances
  • $34,438Securities
  • $15,710Federal funds sold & reverse repurchase agreements
  • $114,650Net loans & leases
  • $439Loan loss allowance
  • $0Trading account assets
  • $1,270Bank premises and fixed assets
  • $205Other real estate owned
  • $0Goodwill and other intangibles
  • $179,300Life insurance assets
  • $6,593All other assets
  • $161,158Total liabilities and capital
  • $160,875Total liabilities
  • $152,844Total deposits
  • $160,875Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $283Subordinated debt
  • $18,142All other liabilities
  • $18,142Total equity capital
  • $18,142Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $18,081Surplus
  • $61Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $436Long-term assets (5+ years)
  • $164,815Average Assets, year-to-date
  • $50,328Average Assets, quarterly
  • $174,064Volatile liabilities
  • $179,027Insider loans
  • $100,636FHLB advances
  • $178,315Loans and leases held for sale
  • $4,520Unused loan commitments
  • $4,520Tier 1 (core) risk-based capital
  • $18,081Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,607Restructured Loans and leases
  • $1,915Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,709Total interest income
  • $1,725Total interest expense
  • $3,984Net interest income
  • $0Provision for loan and lease losses
  • $295Total noninterest income
  • $0Fiduciary activities
  • $98Service charges on deposit accounts
  • $0Trading account gains & fees
  • $197Additional noninterest income
  • $2,782Total noninterest expense
  • $1,629Salaries and employee benefits
  • $228Premises and equipment expense
  • $925Additional noninterest expense
  • $1,497Pre-tax net operating income
  • $0Securities gains (losses)
  • $513Applicable income taxes
  • $984Income before extraordinary items
  • $0Extraordinary gains - net
  • $984Net income attributable to bank
  • $0Net charge-offs
  • $984Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.57%Yield on earning assets
  • 1.08%Cost of funding earning assets
  • 2.49%Net interest margin
  • 0.18%Noninterest income to earning assets
  • 1.74%Noninterest expense to earning assets
  • 0.57%Net operating income to assets
  • 0.57%Return on assets (ROA)
  • 0.86%Pretax return on assets
  • 5.55%Return on equity (ROE)
  • 5.55%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 65,015Assets per employee
  • 8.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.38%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.11%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 71.27%Net loans and leases to core deposits
  • 75.39%Equity capital to assets
  • 10.12%Core capital (leverage) ratio
  • 10.14%Tier 1 risk-based capital ratio
  • 17.97%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $174,064Average earning assets
  • $17,731Average equity
  • $159,921Average loans

List of branches

  • 1 Massachusetts Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    033213Melrose Co-Operative Bank638 Main Street, Melrose, MA 2176January 01, 1890Full Service Brick and Mortar

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