The National Grand Bank of Marblehead in Marblehead, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

The National Grand Bank of Marblehead - Overview

  • General
  • FDIC Certificate #: 2608
    Status: Active
    Federal Reserve ID: 863607
    Bank Holding Company (Regulatory Top Holder): Grand Bank Corporation (RSSDID: 1115406, Location: Marblehead, MA)
    Date Established: January 01, 1831
    Trust Powers Granted: Yes
    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)
    OTS Docket #: 12246
    FDIC's unique #: 1691
    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: Mortgage 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: 91 Pleasant Street, 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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $261.8 mil
    Equity capital: $29.1 mil
    Deposits held in domestic offices: $229.6 mil
    Return on assets (ROA): 1.19% ($3.1 mil)
    Quarterly return on assets: 1.29% ($3.4 mil)
    Return on Equity (ROE): 10.85% ($3.1 mil)
    Quarterly return on equity: 11.53% ($3.3 mil)
    Net income: $3.0 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.83% ($4,791.1 mil)
    Quarterly Pretax return on assets: 1.98% ($5,183.8 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
  • 49Total employees (full-time equivalent)
  • $261,807Total assets
  • $10,862Cash and due from depository institutions
  • $3,966Interest-bearing balances
  • $47,868Securities
  • $5,597Federal funds sold & reverse repurchase agreements
  • $185,402Net loans & leases
  • $1,636Loan loss allowance
  • $0Trading account assets
  • $2,505Bank premises and fixed assets
  • $0Other real estate owned
  • $241Goodwill and other intangibles
  • $261,807Life insurance assets
  • $9,332All other assets
  • $232,719Total liabilities and capital
  • $229,604Total liabilities
  • $179,415Total deposits
  • $229,604Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,115Subordinated debt
  • $29,088All other liabilities
  • $29,088Total equity capital
  • $29,088Total bank equity capital
  • $0Perpetual preferred stock
  • $275Common stock
  • $1,065Surplus
  • $27,748Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,204Income earned, not collected on loans
  • $0Earning assets
  • $892Long-term assets (5+ years)
  • $242,833Average Assets, year-to-date
  • $95,911Average Assets, quarterly
  • $254,904Volatile liabilities
  • $258,406Insider loans
  • $153,477FHLB advances
  • $258,505Loans and leases held for sale
  • $5,368Unused loan commitments
  • $5,368Tier 1 (core) risk-based capital
  • $27,990Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $31,592Restructured Loans and leases
  • $5,746Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,657Total interest income
  • $1,383Total interest expense
  • $9,274Net interest income
  • $75Provision for loan and lease losses
  • $1,753Total noninterest income
  • $38Fiduciary activities
  • $519Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,196Additional noninterest income
  • $6,307Total noninterest expense
  • $3,156Salaries and employee benefits
  • $764Premises and equipment expense
  • $2,387Additional noninterest expense
  • $4,645Pre-tax net operating income
  • $18Securities gains (losses)
  • $1,636Applicable income taxes
  • $3,027Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,027Net income attributable to bank
  • $0Net charge-offs
  • $3,027Cash dividends
  • $245Sale, conversion, retirement of capital stock, net
  • $1,131Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.49%Yield on earning assets
  • 0.58%Cost of funding earning assets
  • 3.91%Net interest margin
  • 0.74%Noninterest income to earning assets
  • 2.66%Noninterest expense to earning assets
  • 1.18%Net operating income to assets
  • 1.19%Return on assets (ROA)
  • 1.83%Pretax return on assets
  • 10.85%Return on equity (ROE)
  • 6.79%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 30.61%Credit loss provision to net charge-offs
  • 19.27%Efficiency ratio
  • 57,196Assets per employee
  • 5.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 37.36%Loss allowance to loans
  • 0.87%Loss allowance to noncurrent loans
  • 74.23%Noncurrent assets plus other real estate owned to assets
  • 0.84%Noncurrent loans to loans
  • 1.18%Net loans and leases to deposits
  • 80.75%Net loans and leases to core deposits
  • 83.36%Equity capital to assets
  • 11.11%Core capital (leverage) ratio
  • 10.83%Tier 1 risk-based capital ratio
  • 18.24%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $254,904Average earning assets
  • $27,905Average equity
  • $237,261Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $81,942Managed Assets
  • 1Number of Accounts
  • $32,353Personal trust and agency accounts
  • $32,353Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 47Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $49,589Other retirement accounts
  • $1,485Corporate trust and agency accounts
  • $48,104Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 2 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01691The National Grand Bank Of Marblehea91 Pleasant Street, Marblehead, MA 1945January 01, 1831Full Service Brick and Mortar
    1419285Marblehead High School Branch2 Humphrey Street, Marblehead, MA 1945June 11, 2003Full Service Brick and Mortar

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