Bellows Falls Trust Company in Bellows Falls, Vermont (VT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 27, 1993

Bellows Falls Trust Company in Bellows Falls, Vermont (VT)
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Bellows Falls Trust Company - Overview

General
FDIC Certificate #: 14146
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Chittenden Trust Company (#14149)
Federal Reserve ID: 251709
Date Established: September 01, 1902
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
OTS Docket #: 9068
FDIC's unique #: 8833
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: January 01, 1934
Last Structure Change Effective Date: April 27, 1993
Last Structure Change Process Date: May 26, 1993
Last Data Update: May 26, 1993
Data Source Date: April 05, 2012
Location
Address: 25 Square, Bellows Falls, VT 5101
County: Windham
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
Financial Summary
Total assets: $74.0 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$66Total assets
$72,646Cash and due from depository institutions
$3,806Interest-bearing balances
$113Securities
$3,034Federal funds sold & reverse repurchase agreements
$3,281Net loans & leases
$58,226Loan loss allowance
$800Trading account assets
$0Bank premises and fixed assets
$1,166Other real estate owned
$1,314Goodwill and other intangibles
$1,655Life insurance assets
$164All other assets
$0Total liabilities and capital
$72,646Total liabilities
$67,710Total deposits
$66,908Interest-bearing deposits
$57,370Deposits held in domestic offices
66908.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$524Subordinated debt
$0All other liabilities
$278Total equity capital
$278Total bank equity capital
$4,936Perpetual preferred stock
$0Common stock
$400Surplus
$1,372Undivided profits
Memoranda
$3,164Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,236Income earned, not collected on loans
$416Earning assets
$64,654Long-term assets (5+ years)
$5,881Average Assets, year-to-date
$74,043Average Assets, quarterly
$74,433Volatile liabilities
$2,321Insider loans
$7FHLB advances
$0Loans and leases held for sale
$6,509Unused loan commitments
$2,435Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,852Total risk weighted assets
$48,898Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$6,784Total interest expense
$2,548Net interest income
$4,236Provision for loan and lease losses
$413Total noninterest income
$1,988Fiduciary activities
$0Service charges on deposit accounts
$506Trading account gains & fees
$0Additional noninterest income
$1,482Total noninterest expense
$5,456Salaries and employee benefits
$2,407Premises and equipment expense
$621Additional noninterest expense
$2,428Pre-tax net operating income
$355Securities gains (losses)
-$259Applicable income taxes
$10Income before extraordinary items
$86Extraordinary gains - net
$0Net income attributable to bank
$86Net charge-offs
$443Cash dividends
$10Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
10.18%Cost of funding earning assets
3.82%Net interest margin
6.36%Noninterest income to earning assets
2.98%Noninterest expense to earning assets
8.19%Net operating income to assets
0.43%Return on assets (ROA)
0.12%Pretax return on assets
0.13%Return on equity (ROE)
1.90%Retained earnings to average equity (YTD only)
1.68%Net charge-offs to loans
0.75%Credit loss provision to net charge-offs
93.23%Efficiency ratio
86,954Assets per employee
1.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
11.63%Loss allowance to loans
1.36%Loss allowance to noncurrent loans
64.72%Noncurrent assets plus other real estate owned to assets
3.51%Noncurrent loans to loans
2.09%Net loans and leases to deposits
87.02%Net loans and leases to core deposits
89.43%Equity capital to assets
6.79%Core capital (leverage) ratio
6.45%Tier 1 risk-based capital ratio
9.92%Total risk-based capital ratio
Memoranda
$11Average assets
$74,043Average earning assets
$4,529Average equity
$66,618Average loans

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