The company has not filed an annual or quarterly report since its Q1 FY2019 10-Q, filed May 10, 2019. Its latest SEC filing is a SC 13G/A from Jan 29, 2020.
10-Q for Q1 FY2019, filed May 10, 2019
The sections below describe the company as of the FY2018 annual report.
Takes deposits from local individuals, families and businesses, then makes residential and commercial property loans to homebuyers and businesses.
10-K for FY2018, filed Mar 15, 2019
It earns interest on loans and other interest-earning assets and pays interest on deposits; it also collects fees and service charges.
10-K for FY2018, filed Mar 15, 2019
$8.9M
10-K for FY2017, filed Mar 16, 2018
$8.9M ↗
The bank serves individuals, families and businesses in its Massachusetts market through its banking office. Its loan staff originate loans there, and it takes deposits from the general public.
10-K for FY2018, filed Mar 15, 2019We provide financial services to individuals, families and businesses through our full-service banking office in Melrose, Massachusetts.…View ↗
We conduct our operations from our full-service banking office in Melrose, Massachusetts which is located in the greater Boston…View ↗
Our loan originations are generated by our loan personnel operating at our banking office. All loans we originate are underwritten pursuant…View ↗
Yes. It kept 20 cents of every revenue dollar as net income in FY2017.
10-K for FY2017, filed Mar 16, 2018
10-K for FY2017, filed Mar 16, 2018
$1.8MView ↗
8-K, filed Jun 17, 2019
Melrose Bancorp, Inc. (the “Company”) (Nasdaq: MELR), the holding company of Melrose Bank (the “Bank”), a Massachusetts-chartered…View ↗
Grew. Revenue grew 63% in 4 years, from $5.5M in FY2013 to $8.9M in FY2017, about 13% a year.
Holding more home loans
It moved from generally selling long-term fixed-rate residential mortgages made outside its community area to holding the long-term fixed-rate residential loans it originates in its portfolio.
10-K for FY2015, filed Mar 30, 2016 10-K for FY2018, filed Mar 15, 2019Generally, we retain in our portfolio all adjustable-rate loans that we originate, as well as fixed-rate one- to four-family residential…View ↗
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