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Overview / Commentary
638 Main Street
Melrose, MA 02176

Melrose Co-operative Bank is headquartered in Melrose and is the 117st largest bank in the state of Massachusetts. It is also the 3,136th largest bank in the nation. It was established in 1890 and as of March of 2014, it had grown to 25 employees at 1 location. Melrose Co-operative Bank has a A health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Melrose Co-operative Bank had $525,000 in non-current loans and owned real-estate with $21.54 million in equity and loan loss allowances on hand to cover it. This gives Melrose Co-operative Bank a Texas Ratio of 2.44% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Melrose Co-operative Bank decreased slightly from 3.09% as of March 31, 2013 to 2.44% as of March 31, 2014, resulting in a positive change of 21.21%.This indicates that the balance sheet and financial strength for Melrose Co-operative Bank has improved slightly in recent periods.

Deposit Growth


In the past year, Melrose Co-operative Bank has decreased its total deposits by -$2.88 million, resulting in -1.66% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Melrose Co-operative Bank has shown is average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Melrose Co-operative Bank has $192.79 million in assets with $21.54 million in equity, resulting in a capitalization level of 11.17%, which is excellent.

Institution Statistics

FDIC Certificate #26511
Year Established1890
Primary RegulatorFDIC
Assets and Liabilities
Assets$192.79 million
Loans$131.37 million
Deposits$170.98 million
Equity Capital$21.03 million
Loan Loss Allowance$512,000
Unbacked Noncurrent Loans$525,000
Real Estate Owned$0
Historic Data - March 2013
Assets$194.77 million
Equity Capital$20.23 million
Loan Loss Allowance$489,000
Unbacked Noncurrent Loans$525,000
Real Estate Owned$205,000
Profit Margin - Quarterly
Net Interest Margin2.26%
Return on Assets0.33%
Return on Equity3.06%
Interest Income$1.34 million

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Melrose Co-operative Bank Savings Account Rates

0.20%--Passbook Savings Account
0.20%--Statement Savings Account

Melrose Co-operative Bank Money Market Rates

0.40%$75k-Money Market Savings
0.40%$75k-Money Market Checking

Melrose Co-operative Bank Checking Account Rates

0.10%--NOW Checking

Melrose Co-operative Bank CD Rates

1.50%$500-5 Year CD
1.50%$10k$250k29 Month CD Special
1.25%$500-4 Year CD
1.00%$500-2 Year CD
1.00%$500-3 Year CD
0.65%$500-18 Month CD
0.50%$500-1 Year CD
0.25%$2,500-6 Month CD

Melrose Co-operative Bank Locations
Melrose Co-Operative Bank638 Main StreetMelrose, MA 2176