FDIC Certificate #: 26511 Status: Active Federal Reserve ID: 338178 Date Established: January 01, 1890 WWW:http://www.melrosecoop.com Trust Powers Granted: No Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 33213 Numeric code: 42 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: January 21, 1986 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: 638 Main Street, Melrose, MA 2176 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)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $179.3 mil Equity capital: $18.1 mil Deposits held in domestic offices: $160.9 mil Return on assets (ROA): 0.57% ($1.0 mil) Quarterly return on assets: 0.88% ($1.6 mil) Return on Equity (ROE): 5.55% ($1.0 mil) Quarterly return on equity: 8.78% ($1.6 mil) Net income: $1.0 mil Quarterly Net income: $0.4 mil Pretax return on assets: 0.86% ($1,542.0 mil) Quarterly Pretax return on assets: 1.38% ($2,474.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
21Total employees (full-time equivalent)
$179,300Total assets
$6,434Cash and due from depository institutions
$17Interest-bearing balances
$34,438Securities
$15,710Federal funds sold & reverse repurchase agreements
$114,650Net loans & leases
$439Loan loss allowance
$0Trading account assets
$1,270Bank premises and fixed assets
$205Other real estate owned
$0Goodwill and other intangibles
$179,300Life insurance assets
$6,593All other assets
$161,158Total liabilities and capital
$160,875Total liabilities
$152,844Total deposits
$160,875Interest-bearing deposits
$91Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$283Subordinated debt
$18,142All other liabilities
$18,142Total equity capital
$18,142Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$18,081Surplus
$61Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$436Long-term assets (5+ years)
$164,815Average Assets, year-to-date
$50,328Average Assets, quarterly
$174,064Volatile liabilities
$179,027Insider loans
$100,636FHLB advances
$178,315Loans and leases held for sale
$4,520Unused loan commitments
$4,520Tier 1 (core) risk-based capital
$18,081Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$16,607Restructured Loans and leases
$1,915Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$5,709Total interest income
$1,725Total interest expense
$3,984Net interest income
$0Provision for loan and lease losses
$295Total noninterest income
$0Fiduciary activities
$98Service charges on deposit accounts
$0Trading account gains & fees
$197Additional noninterest income
$2,782Total noninterest expense
$1,629Salaries and employee benefits
$228Premises and equipment expense
$925Additional noninterest expense
$1,497Pre-tax net operating income
$0Securities gains (losses)
$513Applicable income taxes
$984Income before extraordinary items
$0Extraordinary gains - net
$984Net income attributable to bank
$0Net charge-offs
$984Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.57%Yield on earning assets
1.08%Cost of funding earning assets
2.49%Net interest margin
0.18%Noninterest income to earning assets
1.74%Noninterest expense to earning assets
0.57%Net operating income to assets
0.57%Return on assets (ROA)
0.86%Pretax return on assets
5.55%Return on equity (ROE)
5.55%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
65,015Assets per employee
8.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.38%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.11%Noncurrent loans to loans
0.00%Net loans and leases to deposits
71.27%Net loans and leases to core deposits
75.39%Equity capital to assets
10.12%Core capital (leverage) ratio
10.14%Tier 1 risk-based capital ratio
17.97%Total risk-based capital ratio
Memoranda
$19Average assets
$174,064Average earning assets
$17,731Average equity
$159,921Average loans
List of branches
1 Massachusetts Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
33213
Melrose Co-Operative Bank
638 Main Street, Melrose, MA 2176
January 01, 1890
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Melrose Co-operative 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.
Comment about this bank, ask questions, or add new information about it: