Mellon Trust of New England, National Association in Boston, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 2008

  • Mellon Trust of New England, National Association in Boston, Massachusetts (MA)
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Mellon Trust of New England, National Association - Overview

  • General
  • FDIC Certificate #: 22295
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: BNY Mellon, National Association (#7946)
    Federal Reserve ID: 44602
    Date Established: April 13, 1867
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 15505
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: July 01, 1976
    Last Structure Change Effective Date: July 01, 2008
    Last Structure Change Process Date: August 27, 2008
    Last Data Update: August 27, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: One Boston Place, Boston, MA 2108
    County: Suffolk
    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: Boston-Quincy, MA (#14484)
  • Financial Summary
  • Total assets: $11,865.9 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, 2007)

  • Dollar figures in thousands
  • 1,904Total employees (full-time equivalent)
  • $11,058,299Total assets
  • $250,869Cash and due from depository institutions
  • $9,900Interest-bearing balances
  • $2,654,567Securities
  • $4,118,000Federal funds sold & reverse repurchase agreements
  • $2,496,065Net loans & leases
  • $6,634Loan loss allowance
  • $0Trading account assets
  • $13,443Bank premises and fixed assets
  • $0Other real estate owned
  • $1,324,257Goodwill and other intangibles
  • $20,071Life insurance assets
  • $201,098All other assets
  • $11,058,299Total liabilities and capital
  • $9,325,894Total liabilities
  • $9,030,299Total deposits
  • $5,664,070Interest-bearing deposits
  • $9,030,299Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $25,675Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $125Other borrowed funds
  • $0Subordinated debt
  • $269,795All other liabilities
  • $1,732,405Total equity capital
  • $1,732,405Total bank equity capital
  • $1,732,405Perpetual preferred stock
  • $0Common stock
  • $5,000Surplus
  • $1,682,795Undivided profits
  • Memoranda
  • $44,610Noncurrent loans and leases
  • $225,821Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $12,322Average Assets, year-to-date
  • $9,278,532Average Assets, quarterly
  • $2,548,339Volatile liabilities
  • $9,757,750Insider loans
  • $10,273,302FHLB advances
  • $3,167,652Loans and leases held for sale
  • $3,415Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $225,821Total unused commitments
  • $0Restructured Loans and leases
  • $6,634Derivatives
  • $5,021Total assets and liabilities in foreign offices

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $192,686Total interest income
  • $95,798Total interest expense
  • $96,888Net interest income
  • $5,370Provision for loan and lease losses
  • $285,322Total noninterest income
  • $161,452Fiduciary activities
  • $11,121Service charges on deposit accounts
  • $0Trading account gains & fees
  • $112,749Additional noninterest income
  • $284,258Total noninterest expense
  • $118,383Salaries and employee benefits
  • $14,553Premises and equipment expense
  • $151,322Additional noninterest expense
  • $92,582Pre-tax net operating income
  • $0Securities gains (losses)
  • $34,995Applicable income taxes
  • $57,587Income before extraordinary items
  • $0Extraordinary gains - net
  • $57,587Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$5Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.23%Yield on earning assets
  • 1.11%Cost of funding earning assets
  • 1.12%Net interest margin
  • 3.30%Noninterest income to earning assets
  • 3.29%Noninterest expense to earning assets
  • 0.59%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 0.95%Pretax return on assets
  • 5.27%Return on equity (ROE)
  • 5.27%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -107400.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 70,118Assets per employee
  • 5.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.27%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 27.64%Net loans and leases to core deposits
  • 42.39%Equity capital to assets
  • 15.67%Core capital (leverage) ratio
  • 6.70%Tier 1 risk-based capital ratio
  • 15.26%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $9,757,750Average earning assets
  • $1,093,191Average equity
  • $8,635,548Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $748,299,543Managed Assets
  • 1Number of Accounts
  • $18,505,980Personal trust and agency accounts
  • $3,107,959Employee benefit-defined contribution accounts
  • $86,898Employee benefit-defined benefit accounts
  • $140,975Other retirement accounts
  • $659,827Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $13,980,692Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $529,629Non-managed Assets
  • 11084Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $729,793,563Other retirement accounts
  • $4,167,941Corporate trust and agency accounts
  • $63,737,674Other fiduciary accounts
  • $11,549Fiduciary accounts held in foreign offices

Bank Assets Sold and Securitized (December 31, 2007)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $624,2131-4 family residential loans
  • $0Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans

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