FDIC Certificate #: 18201 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Fairfield County Bank (#18213) Federal Reserve ID: 227405 Date Established: January 01, 1874 WWW:http://www.fairfieldcountysavings.com Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 7 (Interstate: No) OTS Docket #: 10967 FDIC's unique #: 12121 Numeric code: 42 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes FDIC Insured: Yes Insured Savings Institution: Yes State Chartered: Yes Date of Deposit Insurance: July 01, 1960 Last Structure Change Effective Date: January 01, 2004 Last Structure Change Process Date: Febuary 02, 2004 Last Data Update: Febuary 02, 2004 Data Source Date: April 05, 2012
Location
Address: 67 Wall Street, Norwalk, CT 6852 County: Fairfield 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): Stamford-Norwalk, CT (#8040) 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): Bridgeport-Stamford-Norwalk, CT (#14860) CBSA Metro Statistical Area: Bridgeport-Stamford-Norwalk, CT (#14860)
Financial Summary
Total assets: $365.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
68Total employees (full-time equivalent)
$365,038Total assets
$20,963Cash and due from depository institutions
$6,302Interest-bearing balances
$118,896Securities
$0Federal funds sold & reverse repurchase agreements
$199,854Net loans & leases
$1,875Loan loss allowance
$0Trading account assets
$3,916Bank premises and fixed assets
$0Other real estate owned
$560Goodwill and other intangibles
$0Life insurance assets
$20,849All other assets
$365,038Total liabilities and capital
$332,050Total liabilities
$270,745Total deposits
$247,380Interest-bearing deposits
$270,745Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$57,647Other borrowed funds
$0Subordinated debt
$3,658All other liabilities
$32,988Total equity capital
$32,988Total bank equity capital
$32,988Perpetual preferred stock
$0Common stock
$0Surplus
$1,500Undivided profits
Memoranda
$31,488Noncurrent loans and leases
$38,339Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$811Earning assets
$0Long-term assets (5+ years)
$2,003Average Assets, year-to-date
$325,052Average Assets, quarterly
$148,690Volatile liabilities
$359,225Insider loans
$369,727FHLB advances
$29,137Loans and leases held for sale
$1,000Unused loan commitments
$57,647Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$38,339Total unused commitments
$0Restructured Loans and leases
$1,927Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$16,103Total interest income
$5,609Total interest expense
$10,494Net interest income
$0Provision for loan and lease losses
$1,158Total noninterest income
$0Fiduciary activities
$239Service charges on deposit accounts
$0Trading account gains & fees
$919Additional noninterest income
$9,124Total noninterest expense
$4,514Salaries and employee benefits
$1,090Premises and equipment expense
$3,520Additional noninterest expense
$2,528Pre-tax net operating income
-$279Securities gains (losses)
$470Applicable income taxes
$1,779Income before extraordinary items
$0Extraordinary gains - net
$1,779Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$21Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.95%Yield on earning assets
1.72%Cost of funding earning assets
3.23%Net interest margin
0.36%Noninterest income to earning assets
2.81%Noninterest expense to earning assets
0.56%Net operating income to assets
0.50%Return on assets (ROA)
0.63%Pretax return on assets
5.48%Return on equity (ROE)
5.48%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
120.38%Efficiency ratio
78,304Assets per employee
5.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.93%Loss allowance to noncurrent loans
231.20%Noncurrent assets plus other real estate owned to assets
0.22%Noncurrent loans to loans
0.40%Net loans and leases to deposits
73.82%Net loans and leases to core deposits
82.04%Equity capital to assets
9.04%Core capital (leverage) ratio
8.89%Tier 1 risk-based capital ratio
19.94%Total risk-based capital ratio
Memoranda
$21Average assets
$359,225Average earning assets
$32,446Average equity
$325,273Average loans
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