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 The National Grand Bank of Marblehead
The National Grand Bank of Marblehead
| RSSD ID 863607 | CERTIFICATE 2608 | ABA NUMBER 11304300 |
| 91 Pleasant St |
Quarter Ended : |
2025-06-30 |
| Marblehead, Massachusetts, 01945 |
Updated : |
2025-07-29 |
| ngbank.com |
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| Institution Profile |
| Year Opened : |
1831 |
Institution Type : |
Commercial bank |
| Entity Type : |
Federal |
Federal Regulator : |
OCC |
| Member Federal Reserve : |
Yes |
S-Corp : |
No |
| Fiduciary Powers : |
Yes |
Powers Exercised : |
Yes |
| Filing Type : |
051 |
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| Specialization : |
Mortgage Lending Specialization |
| Number of Offices : |
2 |
Number of Employees : |
46 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 441,808 |
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Total Interest Income | 8,791 |
| Total Liabilities | 402,853 |
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Total NonInterest Income | 722 |
| Total Bank Equity Capital | 38,955 |
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Total Interest Expense | 4,081 |
| Total Deposits | 367,065 |
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Total NonInterest Expense | 4,166 |
| Net Loans & Leases | 319,978 |
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Net Income | 1,015 |
| Loan Loss Allowance | 1,287 |
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Net Charge Offs | 24 |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Community Bank Leverage Ratio | Yes |
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Total loans | 322,555 |
| Total assets for the leverage ratio | 448,665 |
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Loans secured by real estate: | 316,919 |
| Tier 1 Leverage Ratio | 10.01 |
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Commercial and industrial loans | 3,165 |
| Off Balance Sheet Exposures (%) | 11.01 |
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Loans to individuals - Credit Cards | 0 |
| Trading Assets and Liabilities (%) | 0 |
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Loans to individuals - Other | 1,829 |
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:· The National Grand Bank of Marblehead
