First City Bank in New Britain, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 03, 2004

  • First City Bank in New Britain, Connecticut (CT)
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First City Bank - Overview

  • General
  • 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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