The Milford National Bank and Trust Company in city_name, state_name

The Milford National Bank and Trust Company in Milford, Massachusetts (MA)
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The Milford National Bank and Trust Company routing number info

The Milford National Bank and Trust Company - Overview

General
FDIC Certificate #: 2615
Status: Active
Federal Reserve ID: 879000
Bank Holding Company (Regulatory Top Holder): Mnb Bancorp (RSSDID: 2651581, Location: Milford, MA)
Date Established: August 30, 1849
WWW: http://www.milfordnational.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 6 (Domestic: 6, Interstate: No)
OTS Docket #: 13190
FDIC's unique #: 1695
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
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: 300 East Main Street, Milford, MA 1757
County: Worcester
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Springfield Ma
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): Worcester, MA (#49340)
CBSA Metro Statistical Area: Worcester, MA (#49340)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $267.5 mil
Equity capital: $23.6 mil
Deposits held in domestic offices: $233.6 mil
Return on assets (ROA): 0.60% ($1.6 mil)
Quarterly return on assets: 1.02% ($2.7 mil)
Return on Equity (ROE): 6.82% ($1.6 mil)
Quarterly return on equity: 11.78% ($2.8 mil)
Net income: $1.6 mil
Quarterly Net income: $0.7 mil
Pretax return on assets: 0.82% ($2,193.6 mil)
Quarterly Pretax return on assets: 0.94% ($2,514.7 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
68Total employees (full-time equivalent)
$267,516Total assets
$19,461Cash and due from depository institutions
$16,988Interest-bearing balances
$12,164Securities
$0Federal funds sold & reverse repurchase agreements
$211,490Net loans & leases
$3,027Loan loss allowance
$14,169Trading account assets
$2,631Bank premises and fixed assets
$122Other real estate owned
$0Goodwill and other intangibles
$267,516Life insurance assets
$7,479All other assets
$243,932Total liabilities and capital
$233,631Total liabilities
$223,165Total deposits
$233,631Interest-bearing deposits
$83Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$9,000Trading liabilities
$0Other borrowed funds
$1,301Subordinated debt
$23,584All other liabilities
$23,584Total equity capital
$23,584Total bank equity capital
$0Perpetual preferred stock
$300Common stock
$6,652Surplus
$16,632Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,945Income earned, not collected on loans
$0Earning assets
$786Long-term assets (5+ years)
$254,811Average Assets, year-to-date
$77,020Average Assets, quarterly
$273,386Volatile liabilities
$269,739Insider loans
$183,899FHLB advances
$269,393Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$23,534Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$23,061Restructured Loans and leases
$868Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$11,440Total interest income
$1,189Total interest expense
$10,251Net interest income
$1,058Provision for loan and lease losses
$2,112Total noninterest income
$613Fiduciary activities
$960Service charges on deposit accounts
$0Trading account gains & fees
$539Additional noninterest income
$9,063Total noninterest expense
$4,750Salaries and employee benefits
$1,391Premises and equipment expense
$2,922Additional noninterest expense
$2,242Pre-tax net operating income
$0Securities gains (losses)
$608Applicable income taxes
$1,634Income before extraordinary items
$0Extraordinary gains - net
$1,634Net income attributable to bank
$0Net charge-offs
$1,634Cash dividends
$956Sale, conversion, retirement of capital stock, net
$495Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.47%Yield on earning assets
0.46%Cost of funding earning assets
4.00%Net interest margin
0.82%Noninterest income to earning assets
3.54%Noninterest expense to earning assets
0.60%Net operating income to assets
0.60%Return on assets (ROA)
0.82%Pretax return on assets
6.82%Return on equity (ROE)
4.75%Retained earnings to average equity (YTD only)
0.44%Net charge-offs to loans
110.67%Credit loss provision to net charge-offs
3.45%Efficiency ratio
73,307Assets per employee
3.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
30.29%Loss allowance to loans
1.41%Loss allowance to noncurrent loans
76.73%Noncurrent assets plus other real estate owned to assets
1.52%Noncurrent loans to loans
1.84%Net loans and leases to deposits
90.52%Net loans and leases to core deposits
95.47%Equity capital to assets
8.82%Core capital (leverage) ratio
8.74%Tier 1 risk-based capital ratio
12.80%Total risk-based capital ratio
Memoranda
$14Average assets
$273,386Average earning assets
$23,966Average equity
$256,103Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$97,933Managed Assets
1Number of Accounts
$96,599Personal trust and agency accounts
$16,434Employee benefit-defined contribution accounts
$393Employee benefit-defined benefit accounts
$0Other retirement accounts
$8,006Corporate trust and agency accounts
$0Investment management agency accounts
$71,766Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
200Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$1,334Other retirement accounts
$175Corporate trust and agency accounts
$0Other fiduciary accounts
$1,159Fiduciary accounts held in foreign offices

List of branches

6 Massachusetts Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	1695	The Milford National Bank And Trust	300 East Main Street, Milford, MA 1757	August 30, 1849	Full Service Brick and Mortar
1	193609	South Main Street Branch	146 South Main Street, Milford, MA 1757	October 10, 1972	Full Service Brick and Mortar
2	193610	Mendon Branch	14 Hastings Street, Route 16, Mendon, MA 1756	January 22, 1991	Full Service Brick and Mortar
3	193611	Milford Branch	256 Main Street, Milford, MA 1757	Febuary 08, 1993	Full Service Brick and Mortar
4	357164	Bellingham Branch	286 Hartford Avenue, Bellingham, MA 2019	August 12, 1999	Full Service Brick and Mortar
5	357320	Internet Banking Office Branch	300 East Main Street, Milford, MA 1757	October 18, 1999	Full Service Cyber

The Milford National Bank and Trust Company in Milford, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Milford National Bank and Trust Company - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

The Milford National Bank and Trust Company in Milford, Massachusetts (MA)Overview, Financial Summary, Detailed Financial Reports, Branches

The Milford National Bank and Trust Company - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

The Milford National Bank and Trust Company in Milford, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches