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Profile - MASSBANK Corp. (NasdaqNM:MASB)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Financials
Recent Events
Aug 17Price hit new 52-week high ($41.00)
Aug 15Dividend payment of $0.315
Location
123 Haven Street
Reading, MA 01867
Phone: (781) 662-0100
Fax: (781) 942-8138
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: S&Ls/Savings Banks
Company Website
 ·Home Page

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Ownership
·Insider and 5%+ Owners: 49%
·Institutional: 49% (95% of float)
(34 institutions)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
MASSBANK Corp. is the holding company for MASSBANK (the Bank). The Bank is primarily engaged in the business of attracting deposits from the general public through its 15 full-service banking offices in Reading, Chelmsford, Dracut, Everett, Lowell, Medford, Melrose, Stoneham, Tewksbury, Westford and Wilmington, Massachusetts, and originating residential and commercial real estate mortgages, construction loans, commercial loans and a variety of consumer loans. The Bank invests a significant portion of its funds in United States Treasury and Government agency securities, mortgage-backed securities, federal funds sold and other authorized investments. The Bank also invests a portion of its funds in equity securities traded on a national securities exchange or quoted on the NASDAQ System.
More from Market Guide: Expanded Business Description

Financial Summary
MASB is a holding company whose principal subsidiary is MASSBANK (the ``Bank''). The Bank operates 15 full service offices and provides a variety of deposit, lending and trust services. For the six months ended 6/30/01, interest income fell 2% to $29 million. Net interest income after loan loss provision fell 8% to $11.6 million. Net income fell 2% to $5.4 million. Results reflect decreased mortgage loans, and higher deposits interest costs, partially offset by lower salaries.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Compensation
PayExer

Gerard Brandi, 52
Chairman, Pres, CEO
$544K$6.6K
Reginald Cormier, 53
CFO, Sr. VP, Treasurer
134K--  
Donna West, 55
Assistant Sec.; Sr. VP - Community Banking Division, Bank
150K17.6K
David Carroll, 53
VP - Operations, Bank
115K--  
Thomas Queeney, 38
VP and Sr. Trust Officer of the Bank
--  --  
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:MASBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 11-Oct-2000
$27.875
Recent Price$39.00 
52-Week High
on 17-Aug-2001
$41.00 
Beta0.43 
Daily Volume (3-month avg)2,545 
Daily Volume (10-day avg)2,000 
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+38.7%
52-Week Change
relative to S&P500
+86.0%
Share-Related Items
Market Capitalization$122.3M
Shares Outstanding3.14M
Float1.60M
Dividends & Splits
Annual Dividend (indicated)$1.26 
Dividend Yield3.23%
Last Split: 4 for 3 on 16-Sep-1997
Per-Share Data
Book Value (mrq)$35.64 
Earnings (ttm)$3.40 
Earnings (mrq)$0.84 
Sales (ttm)$18.44 
Cash (mrq)$3.44 
Valuation Ratios
Price/Book (mrq)1.09 
Price/Earnings (ttm)11.47 
Price/Sales (ttm)2.11 
Income Statements
Sales (ttm)$59.7M
EBITDAN/A 
Income available to common (ttm)$11.0M
Profitability
Profit Margin (ttm)18.4%
Operating Margin (ttm)40.0%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)1.17%
Return on Equity (ttm)10.25%
Financial Strength
Current RatioN/A 
Debt/EquityN/A 
Total Cash (mrq)$10.7M
Short Interest
As of 8-Aug-2001
Shares Short26.0K
Percent of Float1.6%
Shares Short
(Prior Month)
31.0K
Short Ratio6.50 
Daily Volume4,000 
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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