Bank of South Windsor in South Windsor, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 14, 1998

  • Bank of South Windsor in South Windsor, Connecticut (CT)
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Bank of South Windsor - Overview

  • General
  • FDIC Certificate #: 27504
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: New England Bank and Trust Company (#20536)
    Federal Reserve ID: 1393129
    Date Established: May 15, 1989
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 9350
    FDIC's unique #: 40237
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 15, 1989
    Last Structure Change Effective Date: August 14, 1998
    Last Structure Change Process Date: September 10, 1998
    Last Data Update: September 10, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 1695 Ellington Road, South Windsor, CT 6074
    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: $154.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 69Total employees (full-time equivalent)
  • $155,123Total assets
  • $7,985Cash and due from depository institutions
  • $394Interest-bearing balances
  • $44,202Securities
  • $1,900Federal funds sold & reverse repurchase agreements
  • $97,791Net loans & leases
  • $2,156Loan loss allowance
  • $0Trading account assets
  • $1,009Bank premises and fixed assets
  • $212Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,024All other assets
  • $155,123Total liabilities and capital
  • $144,286Total liabilities
  • $132,903Total deposits
  • $102,914Interest-bearing deposits
  • $132,903Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,410Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $9,200Other borrowed funds
  • $0Subordinated debt
  • $773All other liabilities
  • $10,837Total equity capital
  • $10,837Total bank equity capital
  • $10,837Perpetual preferred stock
  • $0Common stock
  • $4,791Surplus
  • $3,799Undivided profits
  • Memoranda
  • $2,247Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $637Earning assets
  • $0Long-term assets (5+ years)
  • $548Average Assets, year-to-date
  • $144,287Average Assets, quarterly
  • $52,050Volatile liabilities
  • $149,874Insider loans
  • $155,111FHLB advances
  • $13,283Loans and leases held for sale
  • $3,379Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,581Total risk weighted assets
  • $24,055Total unused commitments
  • $0Restructured Loans and leases
  • $99,835Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $11,593Total interest income
  • $4,415Total interest expense
  • $7,178Net interest income
  • $368Provision for loan and lease losses
  • $1,082Total noninterest income
  • $0Fiduciary activities
  • $714Service charges on deposit accounts
  • $0Trading account gains & fees
  • $368Additional noninterest income
  • $6,007Total noninterest expense
  • $2,940Salaries and employee benefits
  • $910Premises and equipment expense
  • $2,157Additional noninterest expense
  • $1,885Pre-tax net operating income
  • $74Securities gains (losses)
  • $738Applicable income taxes
  • $1,221Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,221Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $185Sale, conversion, retirement of capital stock, net
  • $113Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.42%Yield on earning assets
  • 3.21%Cost of funding earning assets
  • 5.22%Net interest margin
  • 0.79%Noninterest income to earning assets
  • 4.36%Noninterest expense to earning assets
  • 0.78%Net operating income to assets
  • 0.81%Return on assets (ROA)
  • 1.31%Pretax return on assets
  • 12.34%Return on equity (ROE)
  • 11.20%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 198.92%Credit loss provision to net charge-offs
  • 12.18%Efficiency ratio
  • 72,724Assets per employee
  • 2.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 9.25%Loss allowance to loans
  • 2.16%Loss allowance to noncurrent loans
  • 338.46%Noncurrent assets plus other real estate owned to assets
  • 0.55%Noncurrent loans to loans
  • 0.64%Net loans and leases to deposits
  • 73.58%Net loans and leases to core deposits
  • 80.33%Equity capital to assets
  • 6.99%Core capital (leverage) ratio
  • 6.89%Tier 1 risk-based capital ratio
  • 10.66%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $149,874Average earning assets
  • $9,896Average equity
  • $137,641Average loans

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