Casco Northern Bank, National Association in Portland, Maine (ME)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 13, 1995

  • Casco Northern Bank, National Association in Portland, Maine (ME)
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Casco Northern Bank, National Association - Overview

  • General
  • FDIC Certificate #: 4276
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: (#26596)
    Federal Reserve ID: 337500
    Date Established: January 01, 1933
    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 #: 2804
    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: January 01, 1934
    Last Structure Change Effective Date: June 13, 1995
    Last Structure Change Process Date: July 19, 1995
    Last Data Update: July 19, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: One Monument Square, Portland, ME 4101
    County: Cumberland
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Concord
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Portland, ME (#6400)
    Combined Statistical Area (CSA): Portland-Lewiston-South Portland, ME (#438)
    Core Based Statistical Area (CBSA): Portland-South Portland-Biddeford, ME (#38860)
    CBSA Metro Statistical Area: Portland-South Portland-Biddeford, ME (#38860)
  • Financial Summary
  • Total assets: $331.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $497Total assets
  • $1,127,712Cash and due from depository institutions
  • $75,333Interest-bearing balances
  • $0Securities
  • $102,162Federal funds sold & reverse repurchase agreements
  • $76,208Net loans & leases
  • $837,070Loan loss allowance
  • $24,000Trading account assets
  • $0Bank premises and fixed assets
  • $14,389Other real estate owned
  • $414Goodwill and other intangibles
  • $19,552Life insurance assets
  • $2,584All other assets
  • $0Total liabilities and capital
  • $1,127,712Total liabilities
  • $1,003,091Total deposits
  • $876,526Interest-bearing deposits
  • $713,802Deposits held in domestic offices
  • 876526.00%% insured (estimated)
  • $86Federal funds purchased & repurchase agreements
  • $102,082Trading liabilities
  • $0Other borrowed funds
  • $7,000Subordinated debt
  • $0All other liabilities
  • $17,483Total equity capital
  • $17,483Total bank equity capital
  • $124,621Perpetual preferred stock
  • $0Common stock
  • $17,717Surplus
  • $72,717Undivided profits
  • Memoranda
  • $34,187Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $15,872Income earned, not collected on loans
  • $5,994Earning assets
  • $1,015,440Long-term assets (5+ years)
  • $120,208Average Assets, year-to-date
  • $1,128,325Average Assets, quarterly
  • $1,145,488Volatile liabilities
  • $136,946Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $253,667Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $122,031Total risk weighted assets
  • $849,664Total unused commitments
  • $0Restructured Loans and leases
  • $187,074Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $76,026Total interest expense
  • $27,984Net interest income
  • $48,042Provision for loan and lease losses
  • -$21,767Total noninterest income
  • $15,128Fiduciary activities
  • $4,310Service charges on deposit accounts
  • $4,909Trading account gains & fees
  • $0Additional noninterest income
  • $5,909Total noninterest expense
  • $45,610Salaries and employee benefits
  • $20,797Premises and equipment expense
  • $5,902Additional noninterest expense
  • $18,911Pre-tax net operating income
  • $39,327Securities gains (losses)
  • -$67Applicable income taxes
  • -$616Income before extraordinary items
  • $39,876Extraordinary gains - net
  • $0Net income attributable to bank
  • $39,876Net charge-offs
  • -$20Cash dividends
  • $12,000Sale, 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
  • 7.48%Cost of funding earning assets
  • 2.76%Net interest margin
  • 4.73%Noninterest income to earning assets
  • 1.49%Noninterest expense to earning assets
  • 4.49%Net operating income to assets
  • 3.54%Return on assets (ROA)
  • 3.53%Pretax return on assets
  • 3.48%Return on equity (ROE)
  • 34.86%Retained earnings to average equity (YTD only)
  • 24.37%Net charge-offs to loans
  • -0.00%Credit loss provision to net charge-offs
  • 108835.00%Efficiency ratio
  • 71,835Assets per employee
  • 2.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 30.09%Loss allowance to loans
  • 2.79%Loss allowance to noncurrent loans
  • 151.21%Noncurrent assets plus other real estate owned to assets
  • 1.44%Noncurrent loans to loans
  • 1.84%Net loans and leases to deposits
  • 95.50%Net loans and leases to core deposits
  • 99.45%Equity capital to assets
  • 11.05%Core capital (leverage) ratio
  • 10.68%Tier 1 risk-based capital ratio
  • 14.36%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $1,128,325Average earning assets
  • $114,395Average equity
  • $1,015,721Average loans

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