Melrose Bancorp, Inc. (MELR) financial statements (2022 and earlier)

Company profile

Business Address 638 MAIN STREET
MELROSE, MA 02176
State of Incorp. MD
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15,19512,86613,79213,53929,491
Cash and cash equivalents15,19512,86613,79213,53929,491
Total current assets:15,19512,86613,79213,53929,491
Noncurrent Assets
Property, plant and equipment2,6451,9931,2481,2261,254
Total noncurrent assets:2,6451,9931,2481,2261,254
Other undisclosed assets306,114292,667253,606215,944182,597
TOTAL ASSETS:323,954307,526268,646230,709213,342
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt9,00010,000   
Total current liabilities:9,00010,000   
Noncurrent Liabilities
Other undisclosed liabilities269,739252,533225,342185,164167,879
Total liabilities:278,739262,533225,342185,164167,879
Stockholders' equity
Stockholders' equity attributable to parent, including:45,21544,99343,30445,54545,463
Common stock2626262828
Additional paid in capital23,15323,49623,29225,99426,575
Accumulated other comprehensive income (loss)(388)2096961,1461,216
Retained earnings24,62723,67421,91220,49019,832
Unearned esop shares(1,886)(1,961)(2,037)(2,113)(2,188)
Other undisclosed stockholders' equity attributable to parent(317)(451)(585)  
Total stockholders' equity:45,21544,99343,30445,54545,463
TOTAL LIABILITIES AND EQUITY:323,954307,526268,646230,709213,342

Income statement (P&L) ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues10,8029,0298,4856,4065,542
Net investment income10,8028,9417,4055,9065,404
Cost of revenue(189)(245)(310)(60)(10)
Provision for loan, lease, and other losses(189)
Financial services costs(245)(310)(60)(10)
Gross profit:10,6138,7848,1756,3465,532
Operating expenses(1,380)(4,576)(3,955)(3,414)(2,956)
Other operating income, net
(Noninterest Income, Other Operating Income)
90    
Operating income:9,3234,2084,2202,9322,576
Nonoperating income
(Bank Owned Life Insurance Income)
160162141140137
Interest and debt expense(3,448)(2,183)(1,640)(1,276)(1,266)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(3,660)859(503)(809) 
Income from continuing operations before equity method investments, income taxes:2,3753,0462,2189871,447
Other undisclosed loss from continuing operations before income taxes    (1,800)
Income (loss) from continuing operations before income taxes:2,3753,0462,218987(353)
Income tax expense (benefit)(605)(1,242)(796)(329)181
Net income (loss) available to common stockholders, diluted:1,7701,8041,422658(172)

Comprehensive Income ($ in thousands)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):1,7701,8041,422658(172)
Other comprehensive income (loss)(493)  (70)643
Comprehensive income:1,2771,8041,422588471
Other undisclosed comprehensive loss, net of tax, attributable to parent(104)(529)(450)  
Comprehensive income, net of tax, attributable to parent:1,1731,275972588471

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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