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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 : |
2025-03-31 |
| Marblehead, Massachusetts, 1945 |
Updated : |
2025-04-17 |
| 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 : |
42 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 445,025 |
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Total Interest Income | 4,332 |
| Total Liabilities | 406,501 |
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Total NonInterest Income | 362 |
| Total Bank Equity Capital | 38,524 |
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Total Interest Expense | 2,052 |
| Total Deposits | 373,792 |
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Total NonInterest Expense | 2,134 |
| Net Loans & Leases | 321,351 |
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Net Income | 454 |
| Loan Loss Allowance | 1,222 |
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Net Charge Offs | 27 |
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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 | 318,108 |
| Total assets for the leverage ratio | 447,854 |
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Loans secured by real estate: | 313,113 |
| Tier 1 Leverage Ratio | 10.02 |
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Commercial and industrial loans | 2,554 |
| Off Balance Sheet Exposures (%) | 11.29 |
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Loans to individuals - Credit Cards | 0 |
| Trading Assets and Liabilities (%) | 0 |
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Loans to individuals - Other | 1,837 |
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:· The National Grand Bank of Marblehead
