Middlesex Bank & Trust Company in Newton, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 2002

  • Middlesex Bank & Trust Company in Newton, Massachusetts (MA)
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Middlesex Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 34266
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Connecticut Community Bank, National Association (#34876)
    Federal Reserve ID: 2539184
    Date Established: June 02, 1997
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 57025
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 02, 1997
    Last Structure Change Effective Date: July 01, 2002
    Last Structure Change Process Date: July 25, 2002
    Last Data Update: July 25, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 188 Needham Street, Newton, MA 2464
    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: $49.6 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, 2001)

  • Dollar figures in thousands
  • 12Total employees (full-time equivalent)
  • $40,395Total assets
  • $1,526Cash and due from depository institutions
  • $805Interest-bearing balances
  • $10,635Securities
  • $5,028Federal funds sold & reverse repurchase agreements
  • $22,357Net loans & leases
  • $348Loan loss allowance
  • $0Trading account assets
  • $226Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $623All other assets
  • $40,395Total liabilities and capital
  • $35,350Total liabilities
  • $31,427Total deposits
  • $26,872Interest-bearing deposits
  • $31,427Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $676Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,000Other borrowed funds
  • $0Subordinated debt
  • $247All other liabilities
  • $5,045Total equity capital
  • $5,045Total bank equity capital
  • $5,045Perpetual preferred stock
  • $0Common stock
  • $1,009Surplus
  • $7,996Undivided profits
  • Memoranda
  • $-3,960Noncurrent loans and leases
  • $12,920Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $460Earning assets
  • $0Long-term assets (5+ years)
  • $233Average Assets, year-to-date
  • $38,825Average Assets, quarterly
  • $7,717Volatile liabilities
  • $41,094Insider loans
  • $40,877FHLB advances
  • $6,805Loans and leases held for sale
  • $479Unused loan commitments
  • $3,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $12,920Total unused commitments
  • $0Restructured Loans and leases
  • $348Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $2,635Total interest income
  • $1,458Total interest expense
  • $1,177Net interest income
  • $65Provision for loan and lease losses
  • $63Total noninterest income
  • $0Fiduciary activities
  • $31Service charges on deposit accounts
  • $0Trading account gains & fees
  • $32Additional noninterest income
  • $1,836Total noninterest expense
  • $858Salaries and employee benefits
  • $264Premises and equipment expense
  • $714Additional noninterest expense
  • -$661Pre-tax net operating income
  • $50Securities gains (losses)
  • $1Applicable income taxes
  • -$612Income before extraordinary items
  • $0Extraordinary gains - net
  • -$612Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$8Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.74%Yield on earning assets
  • 3.73%Cost of funding earning assets
  • 3.01%Net interest margin
  • 0.16%Noninterest income to earning assets
  • 4.69%Noninterest expense to earning assets
  • -1.61%Net operating income to assets
  • -1.49%Return on assets (ROA)
  • -1.49%Pretax return on assets
  • -13.49%Return on equity (ROE)
  • -13.49%Retained earnings to average equity (YTD only)
  • -0.04%Net charge-offs to loans
  • -812.50%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 148,065Assets per employee
  • 3.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 75.65%Noncurrent assets plus other real estate owned to assets
  • 1.14%Noncurrent loans to loans
  • 2.03%Net loans and leases to deposits
  • 71.14%Net loans and leases to core deposits
  • 85.01%Equity capital to assets
  • 12.49%Core capital (leverage) ratio
  • 12.30%Tier 1 risk-based capital ratio
  • 17.37%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $41,094Average earning assets
  • $4,536Average equity
  • $39,121Average loans

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