American Savings Bank in New Britain, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 14, 2003

  • American Savings Bank in New Britain, Connecticut (CT)
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American Savings Bank - Overview

  • General
  • FDIC Certificate #: 18246
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: TD Bank, National Association (#18409)
    Federal Reserve ID: 596400
    Date Established: June 28, 1862
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 34 (Interstate: No)
    OTS Docket #: 7646
    FDIC's unique #: 12162
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 01, 1960
    Last Structure Change Effective Date: Febuary 14, 2003
    Last Structure Change Process Date: March 26, 2003
    Last Data Update: March 26, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 178 Main Street, New Britain, CT 6050
    County: Hartford
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Hartford
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Hartford, CT (#3280)
    Combined Statistical Area (CSA): Hartford-West Hartford-Willimantic, CT (#278)
    Core Based Statistical Area (CBSA): Hartford-West Hartford-East Hartford, CT (#25540)
    CBSA Metro Statistical Area: Hartford-West Hartford-East Hartford, CT (#25540)
  • Financial Summary
  • Total assets: $2,792.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2002)

  • Dollar figures in thousands
  • 426Total employees (full-time equivalent)
  • $2,792,550Total assets
  • $35,420Cash and due from depository institutions
  • $28Interest-bearing balances
  • $865,346Securities
  • $153,235Federal funds sold & reverse repurchase agreements
  • $1,483,701Net loans & leases
  • $16,361Loan loss allowance
  • $0Trading account assets
  • $16,479Bank premises and fixed assets
  • $202Other real estate owned
  • $94,560Goodwill and other intangibles
  • $0Life insurance assets
  • $143,607All other assets
  • $2,792,550Total liabilities and capital
  • $2,405,867Total liabilities
  • $1,980,840Total deposits
  • $1,939,305Interest-bearing deposits
  • $1,980,840Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $72,260Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $327,054Other borrowed funds
  • $0Subordinated debt
  • $25,713All other liabilities
  • $386,683Total equity capital
  • $386,683Total bank equity capital
  • $386,683Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $248,689Undivided profits
  • Memoranda
  • $137,993Noncurrent loans and leases
  • $402,855Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $6,044Earning assets
  • $663Long-term assets (5+ years)
  • $5,878Average Assets, year-to-date
  • $2,502,310Average Assets, quarterly
  • $983,852Volatile liabilities
  • $2,651,855Insider loans
  • $2,826,604FHLB advances
  • $350,712Loans and leases held for sale
  • $231Unused loan commitments
  • $327,054Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $402,855Total unused commitments
  • $0Restructured Loans and leases
  • $31,070Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $149,286Total interest income
  • $70,080Total interest expense
  • $79,206Net interest income
  • $0Provision for loan and lease losses
  • $13,077Total noninterest income
  • $722Fiduciary activities
  • $3,680Service charges on deposit accounts
  • $0Trading account gains & fees
  • $8,675Additional noninterest income
  • $48,386Total noninterest expense
  • $25,674Salaries and employee benefits
  • $6,658Premises and equipment expense
  • $16,054Additional noninterest expense
  • $43,897Pre-tax net operating income
  • $3,948Securities gains (losses)
  • $15,162Applicable income taxes
  • $32,683Income before extraordinary items
  • $0Extraordinary gains - net
  • $32,683Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3,029Sale, conversion, retirement of capital stock, net
  • $98,000Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.24%Yield on earning assets
  • 2.93%Cost of funding earning assets
  • 3.31%Net interest margin
  • 0.55%Noninterest income to earning assets
  • 2.02%Noninterest expense to earning assets
  • 1.13%Net operating income to assets
  • 1.23%Return on assets (ROA)
  • 1.80%Pretax return on assets
  • 8.75%Return on equity (ROE)
  • -17.49%Retained earnings to average equity (YTD only)
  • 0.20%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 14.49%Efficiency ratio
  • 49,507Assets per employee
  • 6.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 299.85%Loss allowance to loans
  • 1.09%Loss allowance to noncurrent loans
  • 270.70%Noncurrent assets plus other real estate owned to assets
  • 0.22%Noncurrent loans to loans
  • 0.40%Net loans and leases to deposits
  • 74.90%Net loans and leases to core deposits
  • 79.89%Equity capital to assets
  • 13.85%Core capital (leverage) ratio
  • 9.57%Tier 1 risk-based capital ratio
  • 15.78%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $2,651,855Average earning assets
  • $373,533Average equity
  • $2,394,258Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $108,514Managed Assets
  • 1Number of Accounts
  • $108,514Personal trust and agency accounts
  • $29,655Employee benefit-defined contribution accounts
  • $6,110Employee benefit-defined benefit accounts
  • $2,206Other retirement accounts
  • $2,480Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $68,063Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 119Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
1
Daniel A Vendetti
⚠
Can I access a mortgage lien release letter from a data base to prove my lien was in fact released from American Savings Bank. I lost the one they sent me.
2
Daniel A Vendetti
⚠
Can I recover a mortgage loan release letter from a data base if I have the loan number. I need to remove a lien on a property that was paid off.

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