# MELROSE BANK
MELROSE, MA · FDIC certificate 26511 · asset band $300M-1B · latest filing 2020-03 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 2 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $338.8M | |
| Deposits | $275.0M | |
| Loans and leases | $284.1M | |
| Total equity | $31.1M | |
| Loans / deposits | 102.76% (p90 of band) | 84.67% |
| Liquid assets / assets | 12.76% (p12 of band) | |
| Uninsured deposits / deposits | 10.09% (p8 of band) | 22.09% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 9.42% (p73 of band) | |
| FHLB advances / assets | 8.85% | |
| Tier 1 leverage | 9.25% (p18 of band) | 10.64% |
| Unrealized securities loss / equity | -3.19% (p6 of band) | 1.01% |
| AOCI / equity | -0.48% (p22 of band) | |
| ROA (annualized) | 0.49% (p17 of band) | 0.99% |
| Net interest margin | 2.18% (p3 of band) | 3.64% |
| Efficiency ratio | 71.59% (p64 of band) | |
| Noncurrent loans | 0.16% (p22 of band) | 0.56% |
| Net charge-offs (annualized) | 0.00% (p37 of band) | |
| Reserve coverage of noncurrent | 348.89% | |
| Real estate % of loans | 100% | |
| Construction % of loans | 59.69% (p69 of band) | |
| Auto loans | $31,000 (0.01% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p44 of band) | |
| Deposits YoY | 6.8% | |
| Employees | 27 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **NIM <2.5%** (`earn_nim`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | NIM <2.5% |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 2 | capital falling |  |
| 2011-12 | 1 |  | capital falling |
| 2012-03 | 0 |  | NIM <2.5% |
| 2012-06 | 0 |  |  |
| 2012-09 | 1 | uninsured deposits leaving |  |
| 2012-12 | 1 |  |  |
| 2013-03 | 1 | NIM <2.5% | uninsured deposits leaving |
| 2013-06 | 3 | capital falling, reserve under noncurrent |  |
| 2013-09 | 2 |  | capital falling |
| 2013-12 | 1 |  | reserve under noncurrent |
| 2014-03 | 2 | reserve under noncurrent |  |
| 2014-06 | 2 |  |  |
| 2014-09 | 2 |  |  |
| 2014-12 | 2 |  |  |
| 2015-03 | 2 |  |  |
| 2015-06 | 2 |  |  |
| 2015-09 | 3 | capital falling, uninsured deposits leaving | reserve under noncurrent |
| 2015-12 | 2 |  | uninsured deposits leaving |
| 2016-03 | 2 |  |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 3 | loans exceed deposits |  |
| 2017-09 | 3 |  |  |
| 2017-12 | 3 |  |  |
| 2018-03 | 2 |  | NIM <2.5% |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 | NIM <2.5% | capital falling |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 3 | capital falling |  |
| 2019-09 | 3 |  |  |
| 2019-12 | 4 | expense ratio p90 |  |
| 2020-03 | 2 |  | capital falling, expense ratio p90 |

## In the news (Google News, unfiltered, newest first; check the city)

- 2020-06-01 [Melrose Bank Is Now A Cambridge Savings Bank - Patch](https://news.google.com/rss/articles/CBMihgFBVV95cUxPWFo5S2xraUVwdVVpUDhSODRydmhBQ0dzUEhnTFYzY1hqMjcwbkhSdUpBOUYxNHVvZ0ZJY3NEbWpwV2ZXLUs0bnRHdUJKZVpjT3RBUGt2OXRGendSRXhRY3VyUTZJRzFpT0RzNTZIazFhMm9aQ00xU3Vqa0NXOEQ2d1NkS3FpUQ?oc=5) · Patch
- 2019-12-18 [Cambridge Financial Group to Acquire Melrose Bancorp - TMX Newsfile](https://news.google.com/rss/articles/CBMimwFBVV95cUxNRHR3X1Bob2hpQ0dqZXJhSGplWVEwVnJxZWU0aWFRdHpHZU5JeURPVGN1RUFZNWZ6UkFHVHFqY2sxS2M1Z3g0eHBNRzd4dXlKTEVQV3l1OWZKOHlZcFRFZExJaWlxZ1J5VXZBZzFsdG8xZWQ4TFlMNHdfU3VmMTNOOWg1cVdDajVqVUduTUlUXzdzVmwzSkJEN0swYw?oc=5) · TMX Newsfile
- 2024-02-01 [Cambridge Savings Bank Supports Acquisition of Melrose Affordable Housing Corporation’s New Property with Strategic Lending Package - FinancialContent](https://news.google.com/rss/articles/CBMilwJBVV95cUxPNlRILUNvdmJjRi1DTEYydUZObU1jbTdxdVJUVFVRUVRjS2JoRE1mbWd5OW9wT3NTWExzR1BXRDMxcU1lMEFYbi1fYndYNTBVdi1KcS1VaWZuSnBGRTZHZnBXaU4yeUp5RXpoZmwwYkZORnluM2duMkljX2RQd09fWEhpVXZQY2N2aFRob2h3a1JBOENRamZ1U2JtWk92bldQZmJUajNrNlNDc3ItWkdmWVZybmlNVjB3Q3cxYVFvSG5ieUJRM0xPc3g0YURrY1lfNkh4dGlhaWZYRzZWOW1hV2xnNEdVM2pyekFoR1BBT3JicjAxTjl4T3prZ19OWG5CVGJJdk44MHphWFdOZ2k1c1VyNzNlWXM?oc=5) · FinancialContent
- 2020-12-19 [Melrose Bank Robbed By Man In Surgical Mask: Police - Patch](https://news.google.com/rss/articles/CBMijAFBVV95cUxPOUFfUFdQTWpRTnE2Smo3SjRmOHY1bVBrNzFVemRDVHNod0pxUmRCcHZMd0ZjbExPd05TUUYxVUpQQVBUdjRtQXF3Qm50djdVdi0td1JaUnlTaVV1TEJ5bXBzcWdjVk9hRm9HMlE5TlBBbzNlRnU1VEZpV3l4aDJTeDFsUTh4bXhxcXdqNA?oc=5) · Patch
- 2021-04-01 [Robert Neil Obituary (2019) - Melrose, MA - Gately Funeral Home - Melrose - legacy.com](https://news.google.com/rss/articles/CBMiggFBVV95cUxPWlBxdkhucW5ldGtEZ1VYRGhqRkxMZkxPM21JMnRwa2ZNeUwzemZpbjJWTUhnSWpDR2p3UmswdERMX0dhZ1gzaE1WV05VckY0cTJmbjNrcmtlb0haVG9CRW1sNVVjclJ6SFlKMGpuaDk1RzJNRlJvS3hRRzNIQ2QycDVR?oc=5) · legacy.com
- 2021-08-26 [Cambridge Savings Bank Opens New Branch in Somerville’s Assembly Row - FinancialContent](https://news.google.com/rss/articles/CBMixAFBVV95cUxPLTdsNDI0ZENqTTV0S2Z4V2l0dEJKLS0tdFFlM00xNXRhV01WZ3VxLWc1QU05Q3Nyb2ZwLVVBQjhFTngxTFNjRnl5WUJJQlFQR0oyQnJIZW8yX3ZuSUdXcDdlekN1YUE5QUdWQWRIakJmSEluZ1JZVzBsTDdpWThqcXljb3dVQzBJOXlKdDRGZmNucndOVy1LUURzNVRHTk5mWFNtNU96RXZsaW1fdHB1MmZ0ckl1bzlrM0pWdkp6UllTbXYx?oc=5) · FinancialContent
- 2021-10-14 [CARA BUCKWELL Obituary (1983 - 2017) - Melrose, MA - Boston Globe - legacy.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxOdVhUUGpaLWxXc0hvbGNkTm41X0ZGRmhna21zMUs2NDlqRGNrcXNLcUhfZ25QYjUydWc1U2N5dmJ1WEI5ek52X3JTclZSbDFDX29pQ1A1ZnFDOVZHeVRzN0Y4R3pVVjFLZDYwOHN4Q2RNNTJNOEZkZUdQSmxya0hqeEI3eU8xTGJ1S2xrZm5vck1XQQ?oc=5) · legacy.com
- 2011-06-23 [Melrose Bank Robbery: One of James 'Whitey' Bulger's Earliest Crimes - Patch](https://news.google.com/rss/articles/CBMipgFBVV95cUxNMmNueU14d0xYM0Z5ZlZwMWxid0VhNkc4a2t6UnJSbVFfNUdyU3lockQ2SmVCRXUwRW5xOUV1VUtJTEZ2YjB4MFowQXF2NmVfUE9Ja09oYzdrNW1NSVYyTGlCdTBTZEVUQ0p2VmZRRm9FV0ZvY1NJQTc3T3N3ZVhuWTkxR3QybUlyemdJU2t1WWhrUExGZ19mYXlCemRuRUdVRVJrMUdR?oc=5) · Patch

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=26511 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/15.json (key "26511", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide