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
    WWW: http://www.mnbonline.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: 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

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Millbury National Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents