First Bank and Trust Company in city_name, state_name - Detailed Financial Reports, Location

First Bank and Trust Company in Providence, Rhode Island (RI)
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First Bank and Trust Company - Overview

General
FDIC Certificate #: 20615
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Washington Trust Company of Westerly (#23623)
Federal Reserve ID: 723309
Date Established: Febuary 14, 1972
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
OTS Docket #: 13392
FDIC's unique #: 14226
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: Febuary 14, 1972
Last Structure Change Effective Date: April 16, 2002
Last Structure Change Process Date: May 07, 2002
Last Data Update: May 07, 2002
Data Source Date: April 05, 2012
Location
Address: 180 Washington Street, Providence, RI 2901
County: Providence
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: South Boston
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Metropolitan Statistical Area (MSA): Providence-Fall River-Warwick, RI-MA (#6480)
Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
Core Based Statistical Area (CBSA): Providence-New Bedford-Fall River, RI-MA (#39300)
CBSA Metro Statistical Area: Providence-New Bedford-Fall River, RI-MA (#39300)
Financial Summary
Total assets: $181.3 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, 2001)

Dollar figures in thousands
47Total employees (full-time equivalent)
$184,581Total assets
$2,845Cash and due from depository institutions
$166Interest-bearing balances
$52,410Securities
$11,350Federal funds sold & reverse repurchase agreements
$112,108Net loans & leases
$1,832Loan loss allowance
$0Trading account assets
$1,783Bank premises and fixed assets
$0Other real estate owned
$530Goodwill and other intangibles
$0Life insurance assets
$3,555All other assets
$184,581Total liabilities and capital
$168,569Total liabilities
$137,730Total deposits
$115,294Interest-bearing deposits
$137,730Deposits held in domestic offices
0.00%% insured (estimated)
$6,843Federal funds purchased & repurchase agreements
$0Trading liabilities
$21,614Other borrowed funds
$0Subordinated debt
$2,382All other liabilities
$16,012Total equity capital
$16,012Total bank equity capital
$16,012Perpetual preferred stock
$0Common stock
$750Surplus
$3,500Undivided profits
Memoranda
$11,762Noncurrent loans and leases
$13,518Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$111Earning assets
$0Long-term assets (5+ years)
$1,247Average Assets, year-to-date
$176,034Average Assets, quarterly
$31,689Volatile liabilities
$175,831Insider loans
$179,050FHLB advances
$26,108Loans and leases held for sale
$1,223Unused loan commitments
$21,614Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$758Total risk weighted assets
$13,518Total unused commitments
$0Restructured Loans and leases
$1,620Derivatives

Income and Expense (December 31, 2001)

Dollar figures in thousands
$13,447Total interest income
$6,349Total interest expense
$7,098Net interest income
$75Provision for loan and lease losses
$914Total noninterest income
$0Fiduciary activities
$317Service charges on deposit accounts
$0Trading account gains & fees
$597Additional noninterest income
$6,312Total noninterest expense
$4,625Salaries and employee benefits
$641Premises and equipment expense
$1,046Additional noninterest expense
$1,625Pre-tax net operating income
$0Securities gains (losses)
$1,160Applicable income taxes
$465Income before extraordinary items
$0Extraordinary gains - net
$465Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$5Sale, conversion, retirement of capital stock, net
$1,078Net operating income

Performance and Condition Ratios (December 31, 2001)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.04%Yield on earning assets
3.80%Cost of funding earning assets
4.25%Net interest margin
0.55%Noninterest income to earning assets
3.78%Noninterest expense to earning assets
0.26%Net operating income to assets
0.26%Return on assets (ROA)
0.92%Pretax return on assets
2.77%Return on equity (ROE)
-3.65%Retained earnings to average equity (YTD only)
-0.00%Net charge-offs to loans
-1500.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
78,782Assets per employee
3.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
231.83%Loss allowance to loans
1.61%Loss allowance to noncurrent loans
1650.45%Noncurrent assets plus other real estate owned to assets
0.06%Noncurrent loans to loans
0.10%Net loans and leases to deposits
81.40%Net loans and leases to core deposits
94.63%Equity capital to assets
8.67%Core capital (leverage) ratio
8.62%Tier 1 risk-based capital ratio
12.01%Total risk-based capital ratio
Memoranda
$13Average assets
$175,831Average earning assets
$16,780Average equity
$167,178Average loans

First Bank and Trust Company in Providence, Rhode Island (RI)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank and Trust Company - Overview

Assets and Liabilities (December 31, 2001)

Income and Expense (December 31, 2001)

Performance and Condition Ratios (December 31, 2001)

Comment about this bank, ask questions, or add new information about it:

First Bank and Trust Company in Providence, Rhode Island (RI)Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank and Trust Company - Overview

Assets and Liabilities (December 31, 2001)

Income and Expense (December 31, 2001)

Performance and Condition Ratios (December 31, 2001)

Comment about this bank, ask questions, or add new information about it:

First Bank and Trust Company in Providence, Rhode Island (RI)
Overview, Financial Summary, Detailed Financial Reports, Branches