FDIC Certificate #: 32721 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Webster Bank, National Association (#18221) Federal Reserve ID: 1419234 Date Established: December 07, 1989 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 8984 FDIC's unique #: 45584 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: December 07, 1989 Last Structure Change Effective Date: December 03, 2004 Last Structure Change Process Date: December 20, 2004 Last Data Update: December 20, 2004 Data Source Date: April 05, 2012
Location
Address: 370 West Main Street, New Britain, CT 6050 County: Hartford 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): Hartford, CT (#3280) Combined Statistical Area (CSA): Hartford-West Hartford-Willimantic, CT (#278) Core Based Statistical Area (CBSA): Hartford-West Hartford-East Hartford, CT (#25540) CBSA Metro Statistical Area: Hartford-West Hartford-East Hartford, CT (#25540)
Financial Summary
Total assets: $185.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
42Total employees (full-time equivalent)
$185,717Total assets
$8,408Cash and due from depository institutions
$70Interest-bearing balances
$75,268Securities
$2,021Federal funds sold & reverse repurchase agreements
$97,206Net loans & leases
$1,357Loan loss allowance
$0Trading account assets
$567Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,247All other assets
$185,717Total liabilities and capital
$172,368Total liabilities
$171,040Total deposits
$145,967Interest-bearing deposits
$171,040Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,328All other liabilities
$13,349Total equity capital
$13,349Total bank equity capital
$13,349Perpetual preferred stock
$0Common stock
$5,729Surplus
$2,226Undivided profits
Memoranda
$5,394Noncurrent loans and leases
$17,482Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$151Earning assets
$0Long-term assets (5+ years)
$892Average Assets, year-to-date
$174,565Average Assets, quarterly
$79,892Volatile liabilities
$188,367Insider loans
$188,729FHLB advances
$46,094Loans and leases held for sale
$3,214Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$17,482Total unused commitments
$0Restructured Loans and leases
$1,360Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$9,765Total interest income
$3,192Total interest expense
$6,573Net interest income
$200Provision for loan and lease losses
$353Total noninterest income
$0Fiduciary activities
$238Service charges on deposit accounts
$0Trading account gains & fees
$115Additional noninterest income
$4,635Total noninterest expense
$2,346Salaries and employee benefits
$734Premises and equipment expense
$1,555Additional noninterest expense
$2,091Pre-tax net operating income
$694Securities gains (losses)
$831Applicable income taxes
$1,954Income before extraordinary items
$0Extraordinary gains - net
$1,954Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$17Sale, conversion, retirement of capital stock, net
$226Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.59%Yield on earning assets
1.83%Cost of funding earning assets
3.76%Net interest margin
0.20%Noninterest income to earning assets
2.65%Noninterest expense to earning assets
0.78%Net operating income to assets
1.04%Return on assets (ROA)
1.48%Pretax return on assets
14.99%Return on equity (ROE)
13.26%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
1176.47%Credit loss provision to net charge-offs
134.76%Efficiency ratio
66,922Assets per employee
4.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
11.57%Loss allowance to loans
1.38%Loss allowance to noncurrent loans
898.68%Noncurrent assets plus other real estate owned to assets
0.08%Noncurrent loans to loans
0.15%Net loans and leases to deposits
56.83%Net loans and leases to core deposits
77.80%Equity capital to assets
7.19%Core capital (leverage) ratio
7.20%Tier 1 risk-based capital ratio
12.46%Total risk-based capital ratio
Memoranda
$14Average assets
$188,367Average earning assets
$13,033Average equity
$174,755Average loans
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