FDIC Certificate #: 664 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:People's United Bank (#27334) Federal Reserve ID: 475215 Date Established: January 01, 1910 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 33 (Interstate: No) OTS Docket #: 13032 FDIC's unique #: 434 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: November 30, 2010 Last Structure Change Process Date: January 05, 2011 Last Data Update: January 05, 2011 Data Source Date: April 05, 2012
Location
Address: 1 East Main Street, Smithtown, NY 11787 County: Suffolk Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: New York City Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Nassau-Suffolk, NY (#5380) Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70) Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408) Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620) CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620) Core Based Statistical Division: Nassau-Suffolk, NY (#35004)
Financial Summary
Total assets: $2,276.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
300Total employees (full-time equivalent)
$2,631,613Total assets
$19,380Cash and due from depository institutions
$635Interest-bearing balances
$397,340Securities
$3,281Federal funds sold & reverse repurchase agreements
$2,068,863Net loans & leases
$38,483Loan loss allowance
$0Trading account assets
$47,708Bank premises and fixed assets
$2,013Other real estate owned
$4,540Goodwill and other intangibles
$24,874Life insurance assets
$88,488All other assets
$2,631,613Total liabilities and capital
$2,460,367Total liabilities
$2,075,212Total deposits
$1,922,722Interest-bearing deposits
$2,075,212Deposits held in domestic offices
83.89%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$352,820Other borrowed funds
$17,515Subordinated debt
$14,820All other liabilities
$171,246Total equity capital
$171,246Total bank equity capital
$171,246Perpetual preferred stock
$0Common stock
$169Surplus
$115,994Undivided profits
Memoranda
$55,083Noncurrent loans and leases
$128,276Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$130,172Earning assets
$0Long-term assets (5+ years)
$10,152Average Assets, year-to-date
$2,470,119Average Assets, quarterly
$1,336,882Volatile liabilities
$2,334,960Insider loans
$2,649,535FHLB advances
$549,972Loans and leases held for sale
$3,474Unused loan commitments
$351,340Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$16,450Total risk weighted assets
$128,276Total unused commitments
$26,937Restructured Loans and leases
$42,982Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$120,072Total interest income
$51,294Total interest expense
$68,778Net interest income
$51,000Provision for loan and lease losses
$8,710Total noninterest income
$343Fiduciary activities
$2,385Service charges on deposit accounts
$0Trading account gains & fees
$5,982Additional noninterest income
$48,366Total noninterest expense
$18,813Salaries and employee benefits
$11,558Premises and equipment expense
$17,995Additional noninterest expense
-$21,878Pre-tax net operating income
$1,920Securities gains (losses)
-$9,646Applicable income taxes
-$10,312Income before extraordinary items
$0Extraordinary gains - net
-$10,312Net income attributable to bank
$0Net charge-offs
-$10,312Cash dividends
$23,820Sale, conversion, retirement of capital stock, net
$1,670Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.44%Yield on earning assets
2.32%Cost of funding earning assets
3.12%Net interest margin
0.39%Noninterest income to earning assets
2.19%Noninterest expense to earning assets
-0.49%Net operating income to assets
-0.44%Return on assets (ROA)
-0.85%Pretax return on assets
-5.92%Return on equity (ROE)
-6.88%Retained earnings to average equity (YTD only)
1.23%Net charge-offs to loans
214.11%Credit loss provision to net charge-offs
1.22%Efficiency ratio
61,979Assets per employee
8.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
-16.19%Loss allowance to loans
1.83%Loss allowance to noncurrent loans
29.56%Noncurrent assets plus other real estate owned to assets
5.02%Noncurrent loans to loans
6.18%Net loans and leases to deposits
99.69%Net loans and leases to core deposits
132.06%Equity capital to assets
6.51%Core capital (leverage) ratio
6.28%Tier 1 risk-based capital ratio
8.26%Total risk-based capital ratio
Memoranda
$10Average assets
$2,334,960Average earning assets
$174,170Average equity
$2,206,725Average loans
Total Fiduciary and Related Assets (December 31, 2009)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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