Metropolitan Bank and Trust Company in Melrose, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 10, 1994

  • Metropolitan Bank and Trust Company in Melrose, Massachusetts (MA)
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Metropolitan Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 21592
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Central Co-operative Bank (#26646)
    Federal Reserve ID: 873802
    Date Established: May 20, 1974
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 14937
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 20, 1974
    Last Structure Change Effective Date: December 10, 1994
    Last Structure Change Process Date: December 21, 1994
    Last Data Update: December 21, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 846 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)
  • Financial Summary
  • Total assets: $50.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $32Total assets
  • $47,165Cash and due from depository institutions
  • $3,136Interest-bearing balances
  • $0Securities
  • $10,809Federal funds sold & reverse repurchase agreements
  • $1,975Net loans & leases
  • $29,921Loan loss allowance
  • $438Trading account assets
  • $0Bank premises and fixed assets
  • $538Other real estate owned
  • $222Goodwill and other intangibles
  • $564Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $47,165Total liabilities
  • $43,293Total deposits
  • $43,146Interest-bearing deposits
  • $31,920Deposits held in domestic offices
  • 43146.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $147Total equity capital
  • $147Total bank equity capital
  • $3,872Perpetual preferred stock
  • $0Common stock
  • $1,863Surplus
  • $511Undivided profits
  • Memoranda
  • $1,498Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,328Income earned, not collected on loans
  • $149Earning assets
  • $42,705Long-term assets (5+ years)
  • $7,147Average Assets, year-to-date
  • $46,331Average Assets, quarterly
  • $46,570Volatile liabilities
  • $1,541Insider loans
  • $1,332FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2,788Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,872Total risk weighted assets
  • $29,313Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,306Total interest expense
  • $1,040Net interest income
  • $2,266Provision for loan and lease losses
  • $88Total noninterest income
  • $364Fiduciary activities
  • $0Service charges on deposit accounts
  • $302Trading account gains & fees
  • $0Additional noninterest income
  • $62Total noninterest expense
  • $2,188Salaries and employee benefits
  • $1,061Premises and equipment expense
  • $456Additional noninterest expense
  • $671Pre-tax net operating income
  • $354Securities gains (losses)
  • $7Applicable income taxes
  • $131Income before extraordinary items
  • $230Extraordinary gains - net
  • $35Net income attributable to bank
  • $265Net charge-offs
  • $35Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.91%Cost of funding earning assets
  • 2.49%Net interest margin
  • 5.42%Noninterest income to earning assets
  • 0.87%Noninterest expense to earning assets
  • 5.24%Net operating income to assets
  • 0.49%Return on assets (ROA)
  • 0.57%Pretax return on assets
  • 0.85%Return on equity (ROE)
  • 7.12%Retained earnings to average equity (YTD only)
  • 7.12%Net charge-offs to loans
  • 0.12%Credit loss provision to net charge-offs
  • 251.43%Efficiency ratio
  • 83,194Assets per employee
  • 1.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 32.98%Noncurrent assets plus other real estate owned to assets
  • 3.29%Noncurrent loans to loans
  • 4.37%Net loans and leases to deposits
  • 69.35%Net loans and leases to core deposits
  • 71.92%Equity capital to assets
  • 8.21%Core capital (leverage) ratio
  • 8.25%Tier 1 risk-based capital ratio
  • 13.21%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $46,331Average earning assets
  • $3,723Average equity
  • $41,781Average loans

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