FDIC Certificate #: 34264 Status: Inactive Closing history: Corrections Acquiring institution:Bank of New England (#24540) Federal Reserve ID: 2565660 Date Established: April 07, 1997 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 57023 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: April 07, 1997 Last Structure Change Effective Date: Febuary 02, 2001 Last Structure Change Process Date: Febuary 06, 2001 Last Data Update: Febuary 06, 2001 Data Source Date: April 05, 2012
Location
Address: 1750 Elm Street, Suite 102, Manchester, NH 3104 County: Hillsborough 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): Manchester, NH (#4760) Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7) Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148) Core Based Statistical Area (CBSA): Manchester-Nashua, NH (#31700) CBSA Metro Statistical Area: Manchester-Nashua, NH (#31700)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $17.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
8Total employees (full-time equivalent)
$17,438Total assets
$788Cash and due from depository institutions
$0Interest-bearing balances
$1,422Securities
$2,232Federal funds sold & reverse repurchase agreements
$11,786Net loans & leases
$227Loan loss allowance
$0Trading account assets
$1,080Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$130All other assets
$17,438Total liabilities and capital
$17,103Total liabilities
$16,931Total deposits
$15,460Interest-bearing deposits
$16,931Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$172All other liabilities
$335Total equity capital
$335Total bank equity capital
$335Perpetual preferred stock
$0Common stock
$781Surplus
$4,767Undivided profits
Memoranda
$-5,213Noncurrent loans and leases
$1,110Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$72Average Assets, year-to-date
$15,440Average Assets, quarterly
$2,957Volatile liabilities
$22,061Insider loans
$17,965FHLB advances
$1,993Loans and leases held for sale
$269Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,110Total unused commitments
$0Restructured Loans and leases
$141Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$1,690Total interest income
$998Total interest expense
$692Net interest income
$0Provision for loan and lease losses
$58Total noninterest income
$0Fiduciary activities
$29Service charges on deposit accounts
$0Trading account gains & fees
$29Additional noninterest income
$1,873Total noninterest expense
$776Salaries and employee benefits
$286Premises and equipment expense
$811Additional noninterest expense
-$1,123Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$1,123Income before extraordinary items
$0Extraordinary gains - net
-$1,123Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.52%Yield on earning assets
5.03%Cost of funding earning assets
3.49%Net interest margin
0.29%Noninterest income to earning assets
9.45%Noninterest expense to earning assets
-5.09%Net operating income to assets
-5.09%Return on assets (ROA)
-5.09%Pretax return on assets
-138.64%Return on equity (ROE)
-138.64%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
249,733Assets per employee
2.18%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.89%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
69.61%Net loans and leases to core deposits
78.90%Equity capital to assets
1.92%Core capital (leverage) ratio
1.90%Tier 1 risk-based capital ratio
3.06%Total risk-based capital ratio
Memoranda
$4Average assets
$22,061Average earning assets
$810Average equity
$19,829Average loans
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