Vitals
  • Total Assets
    75.2M 0.4 %
  • Total Deposits
    70.0M 4.3 %
  • Total Net Loans
    37.8M -6.0 %
  • Net Income
    203000.0000 8.0 %
  • Book Value
    5.1M 6.3 %
  • Book Value x2
    10.2M 6.3 %
  • Book Value x3
    15.3M 6.3 %
ROAA

.369

ROAE

5.357

Efficiency Ratio

98.145

Net Interest Margin

3.058

Balance Sheet Highlights
Financial Highlights Merrimac Savings Bank All Insured Savings Banks in Massachusetts
Balance Sheet $(000)
Total Assets 75,190 641,723
Total Net Loans 37,786 482,269
Total Deposits 70,028 505,467
Total Equity 5,091 70,176
Profitability
Net Income 203 2,735
Return on Average Assets .369 .503
Return on Average Equity 5.357 4.608
Net Interest Margin 3.058 3.162
Efficiency Ratio 98.145 79.531
Noninterest Income/Revenue 19.101 14.546
Balance Sheet Ratios
Loan-to-Deposit 53.958 93.058
Securities/Assets .159 .137
Total Equity/Total Assets .068 .109
Tangible Equity/Tangible Assets .068 .107
Capital Adequacy
Tier 1 Common Capital 4,948 68,748
Tier 1 Capital 4,948 68,797
Tier 2 Capital 318 4,855
Total Capital 5,266 73,638
Total Risk Weighted Assets 28,928 459,521
Leverage Ratio 6.59 10.876
Common Equity Tier 1 Capital Ratio 17.1 16.12
Tier 1 Capital Ratio 17.1 16.131
Total Capital Ratio 18.2 17.213

Timeline for Merrimac Savings Bank

North Shore Bank, A Co-Operative Bank

Merrimac Savings Bank was acquired by North Shore Bank, A Co-Operative Bank 8 years

View Profile Nov 01 2015

Merrimac Savings Bank

Merrimac Savings Bank was established 153 years ago and is currently headquartered in Merrimac, MA.

Apr 19 1871
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
North Shore Bank, A Co-Operative Bank Buyer 788,961 Acquisition Discontinued 11/1/2015
Relationships Role Relationship Start Relationship End
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