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

Millbury National Bank - Overview

  • General
  • FDIC Certificate #: 2616
    Status: Active
    Federal Reserve ID: 881900
    Date Established: November 15, 1933
    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: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 1696
    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: January 01, 1934
    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: 18 Main Street, Millbury, MA 1527
    County: Worcester
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Springfield Ma
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Worcester, MA-CT (#9240)
    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): Worcester, MA (#49340)
    CBSA Metro Statistical Area: Worcester, MA (#49340)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $71.7 mil
    Equity capital: $7.6 mil
    Deposits held in domestic offices: $63.1 mil
    Return on assets (ROA): 0.24% ($0.2 mil)
    Quarterly return on assets: 0.42% ($0.3 mil)
    Return on Equity (ROE): 2.32% ($0.2 mil)
    Quarterly return on equity: 3.89% ($0.3 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.37% ($265.4 mil)
    Quarterly Pretax return on assets: 0.63% ($451.8 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
  • 17Total employees (full-time equivalent)
  • $71,718Total assets
  • $6,626Cash and due from depository institutions
  • $6,067Interest-bearing balances
  • $13,362Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $49,404Net loans & leases
  • $421Loan loss allowance
  • $0Trading account assets
  • $1,141Bank premises and fixed assets
  • $75Other real estate owned
  • $0Goodwill and other intangibles
  • $71,718Life insurance assets
  • $1,110All other assets
  • $64,077Total liabilities and capital
  • $63,089Total liabilities
  • $49,373Total deposits
  • $63,089Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $394Trading liabilities
  • $0Other borrowed funds
  • $594Subordinated debt
  • $7,641All other liabilities
  • $7,641Total equity capital
  • $7,641Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $400Surplus
  • $6,841Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,980Income earned, not collected on loans
  • $0Earning assets
  • $232Long-term assets (5+ years)
  • $68,833Average Assets, year-to-date
  • $40,825Average Assets, quarterly
  • $71,724Volatile liabilities
  • $70,759Insider loans
  • $51,283FHLB advances
  • $71,508Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,787Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,667Restructured Loans and leases
  • $964Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,202Total interest income
  • $429Total interest expense
  • $2,773Net interest income
  • $229Provision for loan and lease losses
  • $301Total noninterest income
  • $0Fiduciary activities
  • $218Service charges on deposit accounts
  • $0Trading account gains & fees
  • $83Additional noninterest income
  • $2,649Total noninterest expense
  • $1,397Salaries and employee benefits
  • $292Premises and equipment expense
  • $960Additional noninterest expense
  • $196Pre-tax net operating income
  • $69Securities gains (losses)
  • $90Applicable income taxes
  • $175Income before extraordinary items
  • $0Extraordinary gains - net
  • $175Net income attributable to bank
  • $0Net charge-offs
  • $175Cash dividends
  • $92Sale, conversion, retirement of capital stock, net
  • $10Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.68%Yield on earning assets
  • 0.63%Cost of funding earning assets
  • 4.05%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 3.87%Noninterest expense to earning assets
  • 0.18%Net operating income to assets
  • 0.24%Return on assets (ROA)
  • 0.37%Pretax return on assets
  • 2.32%Return on equity (ROE)
  • 2.19%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 248.91%Credit loss provision to net charge-offs
  • 4.62%Efficiency ratio
  • 86,174Assets per employee
  • 4.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 5.71%Loss allowance to loans
  • 0.84%Loss allowance to noncurrent loans
  • 21.26%Noncurrent assets plus other real estate owned to assets
  • 2.87%Noncurrent loans to loans
  • 3.97%Net loans and leases to deposits
  • 78.31%Net loans and leases to core deposits
  • 88.88%Equity capital to assets
  • 10.65%Core capital (leverage) ratio
  • 10.89%Tier 1 risk-based capital ratio
  • 15.18%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $71,724Average earning assets
  • $7,535Average equity
  • $68,480Average loans

List of branches

  • 2 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01696Millbury National Bank18 Main Street, Millbury, MA 1527November 15, 1933Full Service Brick and Mortar
    1193612Grafton Branch43 Main Street, South Grafton, MA 1560December 27, 1994Full Service Brick and Mortar

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