Shore Bank and Trust Company
Lynn, MA
$183M
total assets, December 31, 1991
$183M
total assets, December 31, 1991
Shore Bank and Trust Company was a state nonmember bank in Lynn, MA. It failed on Apr 24, 1992, and Eastern Bank took over its deposits. At its last report it held $183.2 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1991
This bank failed
- Failed on
- Apr 24, 1992
- Assets
- $183M
- Deposits
- $184M
- Estimated cost
- $70.6M
- Deposits went to
- Eastern Bank, Lynn, MA
Total assets
$183M
-12.8% in a year · -5.2% in a quarter
Deposits
$184M
-8.5% in a year · -2.2% in a quarter
Loans
$165M
-8.5% in a year · -3.5% in a quarter
Profit so far
-$8.4M
Jan 1 to Dec 31, 1991
Capital ratio
-0.95%
-3.97 pts in a year
Return on assets
-4.19%
+1.46 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- One Monroe Street, Lynn, MA, 01901
- County
- Essex
- Established
- Jul 16, 1987
- Failed
- Apr 24, 1992
- Employees
- 83
- Id
- b27002
Quarter by quarter
September 30, 1987 to December 31, 1991
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Shore Bank and Trust Company?
$183.2 million in total assets and $184.2 million in deposits as of December 31, 1991, with assets down 12.8% from a year before. Its loans were $165.0 million.
Is Shore Bank and Trust Company profitable?
No: it lost $8.40 million from January 1 to December 31, 1991. Its return on assets was -4.19% a year; about 1% is typical.
When did Shore Bank and Trust Company fail?
Apr 24, 1992. Eastern Bank of Lynn, MA took over its deposits. The estimated cost of the failure was $70.6 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.