First Brandon National Bank in Brandon, Vermont (VT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 2007

First Brandon National Bank in Brandon, Vermont (VT)
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First Brandon National Bank - Overview

General
FDIC Certificate #: 6263
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Lake Sunapee Bank, FSB (#31953)
Federal Reserve ID: 261904
Date Established: January 01, 1863
WWW: http://www.fbnb.com
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 5 (Interstate: No)
OTS Docket #: 9004
FDIC's unique #: 4230
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 01, 2007
Last Structure Change Process Date: June 14, 2007
Last Data Update: June 14, 2007
Data Source Date: April 05, 2012
Location
Address: Two Park Street, Brandon, VT 5733
County: Rutland
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Springfield Ma
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Core Based Statistical Area (CBSA): Rutland, VT (#40860)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $100.7 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, 2006)

Dollar figures in thousands
37Total employees (full-time equivalent)
$104,171Total assets
$2,066Cash and due from depository institutions
$8Interest-bearing balances
$19,555Securities
$12,534Federal funds sold & reverse repurchase agreements
$64,433Net loans & leases
$588Loan loss allowance
$0Trading account assets
$1,782Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$2,189Life insurance assets
$3,801All other assets
$104,171Total liabilities and capital
$93,335Total liabilities
$88,016Total deposits
$75,560Interest-bearing deposits
$88,016Deposits held in domestic offices
0.00%% insured (estimated)
$3,857Federal funds purchased & repurchase agreements
$0Trading liabilities
$524Other borrowed funds
$0Subordinated debt
$938All other liabilities
$10,836Total equity capital
$10,836Total bank equity capital
$10,836Perpetual preferred stock
$0Common stock
$200Surplus
$200Undivided profits
Memoranda
$10,436Noncurrent loans and leases
$9,130Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$916Earning assets
$0Long-term assets (5+ years)
$479Average Assets, year-to-date
$96,530Average Assets, quarterly
$22,324Volatile liabilities
$97,924Insider loans
$101,849FHLB advances
$12,148Loans and leases held for sale
$142Unused loan commitments
$524Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,130Total unused commitments
$0Restructured Loans and leases
$613Derivatives

Income and Expense (December 31, 2006)

Dollar figures in thousands
$5,796Total interest income
$1,572Total interest expense
$4,224Net interest income
-$275Provision for loan and lease losses
$789Total noninterest income
$0Fiduciary activities
$378Service charges on deposit accounts
$0Trading account gains & fees
$411Additional noninterest income
$3,404Total noninterest expense
$1,809Salaries and employee benefits
$409Premises and equipment expense
$1,186Additional noninterest expense
$1,884Pre-tax net operating income
$9Securities gains (losses)
$524Applicable income taxes
$1,369Income before extraordinary items
$0Extraordinary gains - net
$1,369Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$9Sale, conversion, retirement of capital stock, net
$440Net operating income

Performance and Condition Ratios (December 31, 2006)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.44%Yield on earning assets
1.75%Cost of funding earning assets
4.70%Net interest margin
0.88%Noninterest income to earning assets
3.78%Noninterest expense to earning assets
1.39%Net operating income to assets
1.40%Return on assets (ROA)
1.93%Pretax return on assets
13.29%Return on equity (ROE)
9.02%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
3055.56%Credit loss provision to net charge-offs
0.00%Efficiency ratio
67,903Assets per employee
2.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
32.14%Loss allowance to loans
0.90%Loss allowance to noncurrent loans
64.19%Noncurrent assets plus other real estate owned to assets
0.88%Noncurrent loans to loans
1.41%Net loans and leases to deposits
73.21%Net loans and leases to core deposits
80.44%Equity capital to assets
10.40%Core capital (leverage) ratio
10.63%Tier 1 risk-based capital ratio
19.50%Total risk-based capital ratio
Memoranda
$21Average assets
$97,924Average earning assets
$10,299Average equity
$89,943Average loans

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