Melrose Bank is headquartered in Melrose and is the 96th largest bank in the state of Massachusetts. It is also the 2,148th largest bank in the nation. It was established in 1890 and as of March of 2018, it had grown to 27 employees at 1 location. Melrose Bank has an A+ health rating.
|FDIC Certificate #||26511|
|Return on Assets - YTD||0.7%|
|Return on Equity - YTD||5.91%|
|Annual Interest Income||$2.5MM|
|Assets and Liabilities|
|Assets||Q1 2018vs Q1 2017||$307.3MM$271.5MM|
|Loans||Q1 2018vs Q1 2017||$251.7MM$219.4MM|
|Deposits||Q1 2018vs Q1 2017||$229.1MM$220.5MM|
|Equity Capital||Q1 2018vs Q1 2017||$36.3MM$34.9MM|
|Loan Loss Allowance||Q1 2018vs Q1 2017||$1.2MM$870.00K|
|Unbacked Noncurrent Loans||Q1 2018vs Q1 2017||$205.00K$522.00K|
|Real Estate Owned||Q1 2018vs Q1 2017||$0$0|
Rates for Melrose Bank are currently being reviewed.
|Melrose Bank Locations|
|Melrose Co-Operative Bank||638 Main Street||Melrose, MA 02176|