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

This bank is inactive as of Febuary 23, 2007

  • BankMalden, A Co-operative Bank in Malden, Massachusetts (MA)
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BankMalden, A Co-operative Bank - Overview

  • General
  • FDIC Certificate #: 26449
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Danversbank (#90185)
    Federal Reserve ID: 1014675
    Date Established: January 01, 1925
    WWW: http://www.bankmalden.com
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 14493
    FDIC's unique #: 33097
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 13, 1985
    Last Structure Change Effective Date: Febuary 23, 2007
    Last Structure Change Process Date: March 06, 2007
    Last Data Update: March 06, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: One Salem Street, Malden, MA 2148
    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: $46.5 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, 2006)

  • Dollar figures in thousands
  • 7Total employees (full-time equivalent)
  • $46,548Total assets
  • $1,566Cash and due from depository institutions
  • $915Interest-bearing balances
  • $7,651Securities
  • $772Federal funds sold & reverse repurchase agreements
  • $35,715Net loans & leases
  • $129Loan loss allowance
  • $0Trading account assets
  • $115Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $729All other assets
  • $46,548Total liabilities and capital
  • $42,450Total liabilities
  • $35,442Total deposits
  • $32,945Interest-bearing deposits
  • $35,442Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,550Other borrowed funds
  • $0Subordinated debt
  • $3,458All other liabilities
  • $4,098Total equity capital
  • $4,098Total bank equity capital
  • $4,098Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $4,223Undivided profits
  • Memoranda
  • $-125Noncurrent loans and leases
  • $2,152Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $201Earning assets
  • $0Long-term assets (5+ years)
  • $212Average Assets, year-to-date
  • $45,053Average Assets, quarterly
  • $21,103Volatile liabilities
  • $49,229Insider loans
  • $48,245FHLB advances
  • $7,623Loans and leases held for sale
  • $2,659Unused loan commitments
  • $3,550Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,152Total unused commitments
  • $0Restructured Loans and leases
  • $130Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $2,458Total interest income
  • $1,169Total interest expense
  • $1,289Net interest income
  • $0Provision for loan and lease losses
  • $19Total noninterest income
  • $0Fiduciary activities
  • $10Service charges on deposit accounts
  • $0Trading account gains & fees
  • $9Additional noninterest income
  • $1,309Total noninterest expense
  • $703Salaries and employee benefits
  • $186Premises and equipment expense
  • $420Additional noninterest expense
  • -$1Pre-tax net operating income
  • $47Securities gains (losses)
  • $12Applicable income taxes
  • $34Income before extraordinary items
  • $0Extraordinary gains - net
  • $34Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.19%Yield on earning assets
  • 2.47%Cost of funding earning assets
  • 2.72%Net interest margin
  • 0.04%Noninterest income to earning assets
  • 2.76%Noninterest expense to earning assets
  • -0.00%Net operating income to assets
  • 0.07%Return on assets (ROA)
  • 0.09%Pretax return on assets
  • 0.83%Return on equity (ROE)
  • 0.83%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
  • 100,076Assets per employee
  • 6.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.36%Loss allowance to noncurrent loans
  • 64.18%Noncurrent assets plus other real estate owned to assets
  • 0.43%Noncurrent loans to loans
  • 0.56%Net loans and leases to deposits
  • 100.77%Net loans and leases to core deposits
  • 122.86%Equity capital to assets
  • 8.80%Core capital (leverage) ratio
  • 8.81%Tier 1 risk-based capital ratio
  • 17.15%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $49,229Average earning assets
  • $4,080Average equity
  • $47,388Average loans

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