Castle Bank & Trust Company in Meriden, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 08, 2009

  • Castle Bank & Trust Company in Meriden, Connecticut (CT)
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Castle Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 35159
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Naugatuck Savings Bank (#18198)
    Federal Reserve ID: 2799399
    Date Established: April 12, 1999
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 75630
    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: April 12, 1999
    Last Structure Change Effective Date: August 08, 2009
    Last Structure Change Process Date: August 17, 2009
    Last Data Update: August 17, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 Hanover Street, Meriden, CT 6451
    County: New Haven
    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): New Haven-Meriden, CT (#5480)
    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 Haven-Milford, CT (#35300)
    CBSA Metro Statistical Area: New Haven-Milford, CT (#35300)
  • Financial Summary
  • Total assets: $76.3 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, 2008)

  • Dollar figures in thousands
  • 22Total employees (full-time equivalent)
  • $72,520Total assets
  • $3,870Cash and due from depository institutions
  • $2,175Interest-bearing balances
  • $6,597Securities
  • $4,522Federal funds sold & reverse repurchase agreements
  • $52,541Net loans & leases
  • $462Loan loss allowance
  • $0Trading account assets
  • $562Bank premises and fixed assets
  • $0Other real estate owned
  • $2,416Goodwill and other intangibles
  • $34Life insurance assets
  • $2,012All other assets
  • $72,520Total liabilities and capital
  • $64,939Total liabilities
  • $53,388Total deposits
  • $41,504Interest-bearing deposits
  • $53,388Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $827Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $10,000Other borrowed funds
  • $0Subordinated debt
  • $724All other liabilities
  • $7,581Total equity capital
  • $7,581Total bank equity capital
  • $7,581Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $7,581Noncurrent loans and leases
  • $9,479Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $633Earning assets
  • $0Long-term assets (5+ years)
  • $424Average Assets, year-to-date
  • $65,835Average Assets, quarterly
  • $8,983Volatile liabilities
  • $66,224Insider loans
  • $72,240FHLB advances
  • $6,767Loans and leases held for sale
  • $150Unused loan commitments
  • $10,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,479Total unused commitments
  • $0Restructured Loans and leases
  • $462Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $3,776Total interest income
  • $1,365Total interest expense
  • $2,411Net interest income
  • $128Provision for loan and lease losses
  • $181Total noninterest income
  • $0Fiduciary activities
  • $137Service charges on deposit accounts
  • $0Trading account gains & fees
  • $44Additional noninterest income
  • $3,501Total noninterest expense
  • $1,648Salaries and employee benefits
  • $509Premises and equipment expense
  • $1,344Additional noninterest expense
  • -$1,037Pre-tax net operating income
  • $0Securities gains (losses)
  • -$98Applicable income taxes
  • -$939Income before extraordinary items
  • $0Extraordinary gains - net
  • -$939Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $216Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.37%Yield on earning assets
  • 2.30%Cost of funding earning assets
  • 4.07%Net interest margin
  • 0.31%Noninterest income to earning assets
  • 5.91%Noninterest expense to earning assets
  • -1.42%Net operating income to assets
  • -1.42%Return on assets (ROA)
  • -1.57%Pretax return on assets
  • -11.38%Return on equity (ROE)
  • -11.38%Retained earnings to average equity (YTD only)
  • 0.45%Net charge-offs to loans
  • 59.26%Credit loss provision to net charge-offs
  • -4.21%Efficiency ratio
  • 110,108Assets per employee
  • 3.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.87%Loss allowance to noncurrent loans
  • 72.99%Noncurrent assets plus other real estate owned to assets
  • 0.87%Noncurrent loans to loans
  • 1.19%Net loans and leases to deposits
  • 98.41%Net loans and leases to core deposits
  • 110.73%Equity capital to assets
  • 10.45%Core capital (leverage) ratio
  • 7.32%Tier 1 risk-based capital ratio
  • 8.59%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $66,224Average earning assets
  • $8,250Average equity
  • $59,279Average loans

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