BayBank Connecticut, National Association in Springfield, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 31, 1995

  • BayBank Connecticut, National Association in Springfield, Massachusetts (MA)
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BayBank Connecticut, National Association - Overview

  • General
  • FDIC Certificate #: 27050
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: BayBank Boston, National Association (#22772)
    Federal Reserve ID: 825007
    Date Established: August 31, 1987
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 38562
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: August 31, 1987
    Last Structure Change Effective Date: August 31, 1995
    Last Structure Change Process Date: September 21, 1995
    Last Data Update: September 21, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 1500 Main Street, Springfield, MA 1115
    County: Hampden
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Springfield Ma
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Springfield, MA (#8000)
    Core Based Statistical Area (CBSA): Springfield, MA (#44140)
    CBSA Metro Statistical Area: Springfield, MA (#44140)
  • History of Changes
  • Merger - Without Assistance
    Change NONGEOFLDOFF from Default
    Change in Location
    Corrections
  • Financial Summary
  • Total assets: $83.0 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $12Total assets
  • $88,719Cash and due from depository institutions
  • $1,512Interest-bearing balances
  • $0Securities
  • $1,396Federal funds sold & reverse repurchase agreements
  • $2,095Net loans & leases
  • $77,929Loan loss allowance
  • $1,843Trading account assets
  • $0Bank premises and fixed assets
  • $535Other real estate owned
  • $1,274Goodwill and other intangibles
  • $3,203Life insurance assets
  • $775All other assets
  • $0Total liabilities and capital
  • $88,719Total liabilities
  • $77,741Total deposits
  • $55,093Interest-bearing deposits
  • $49,876Deposits held in domestic offices
  • 55093.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $21,600Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,048Total equity capital
  • $1,048Total bank equity capital
  • $10,978Perpetual preferred stock
  • $0Common stock
  • $11,500Surplus
  • $18,500Undivided profits
  • Memoranda
  • $-19,022Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,194Income earned, not collected on loans
  • $1,414Earning assets
  • $81,420Long-term assets (5+ years)
  • $5,891Average Assets, year-to-date
  • $89,278Average Assets, quarterly
  • $88,042Volatile liabilities
  • $24,633Insider loans
  • $5FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $13,169Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $10,203Total risk weighted assets
  • $81,133Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $7,137Total interest expense
  • $2,863Net interest income
  • $4,274Provision for loan and lease losses
  • $450Total noninterest income
  • $715Fiduciary activities
  • $0Service charges on deposit accounts
  • $391Trading account gains & fees
  • $0Additional noninterest income
  • $324Total noninterest expense
  • $2,805Salaries and employee benefits
  • $424Premises and equipment expense
  • $961Additional noninterest expense
  • $1,420Pre-tax net operating income
  • $1,734Securities gains (losses)
  • $0Applicable income taxes
  • $710Income before extraordinary items
  • $1,024Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,024Net charge-offs
  • $1,252Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.81%Cost of funding earning assets
  • 3.54%Net interest margin
  • 5.28%Noninterest income to earning assets
  • 0.88%Noninterest expense to earning assets
  • 3.46%Net operating income to assets
  • 1.15%Return on assets (ROA)
  • 1.15%Pretax return on assets
  • 1.94%Return on equity (ROE)
  • 9.72%Retained earnings to average equity (YTD only)
  • 9.72%Net charge-offs to loans
  • 1.58%Credit loss provision to net charge-offs
  • 35.94%Efficiency ratio
  • 49,830Assets per employee
  • 7.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.31%Loss allowance to noncurrent loans
  • 84.00%Noncurrent assets plus other real estate owned to assets
  • 3.91%Noncurrent loans to loans
  • 2.75%Net loans and leases to deposits
  • 141.45%Net loans and leases to core deposits
  • 149.69%Equity capital to assets
  • 12.37%Core capital (leverage) ratio
  • 11.96%Tier 1 risk-based capital ratio
  • 12.58%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $89,278Average earning assets
  • $10,533Average equity
  • $80,967Average loans

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