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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