FDIC Certificate #: 32727 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Lake Sunapee Bank, FSB (#31953) Federal Reserve ID: 1413139 Date Established: November 14, 1989 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) OTS Docket #: 16158 FDIC's unique #: 45590 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: November 14, 1989 Last Structure Change Effective Date: October 02, 2007 Last Structure Change Process Date: October 17, 2007 Last Data Update: October 17, 2007 Data Source Date: April 05, 2012
Location
Address: One Bond Street, Woodstock, VT 5091 County: Windsor 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 Combined Statistical Area (CSA): Claremont-Lebanon, NH-VT (#180) Core Based Statistical Area (CBSA): Lebanon, NH-VT (#30100) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $72.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
30Total employees (full-time equivalent)
$83,308Total assets
$1,615Cash and due from depository institutions
$114Interest-bearing balances
$4,149Securities
$8,601Federal funds sold & reverse repurchase agreements
$63,898Net loans & leases
$723Loan loss allowance
$0Trading account assets
$2,561Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$1,266Life insurance assets
$2,484All other assets
$83,308Total liabilities and capital
$75,175Total liabilities
$69,764Total deposits
$64,644Interest-bearing deposits
$69,764Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,927Other borrowed funds
$0Subordinated debt
$484All other liabilities
$8,133Total equity capital
$8,133Total bank equity capital
$8,133Perpetual preferred stock
$0Common stock
$1,254Surplus
$7,478Undivided profits
Memoranda
$-599Noncurrent loans and leases
$11,997Noncurrent 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)
$282Average Assets, year-to-date
$76,762Average Assets, quarterly
$2,323Volatile liabilities
$77,206Insider loans
$81,759FHLB advances
$15,094Loans and leases held for sale
$1,455Unused loan commitments
$4,927Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,997Total unused commitments
$0Restructured Loans and leases
$723Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$4,852Total interest income
$1,897Total interest expense
$2,955Net interest income
$10Provision for loan and lease losses
$376Total noninterest income
$0Fiduciary activities
$109Service charges on deposit accounts
$0Trading account gains & fees
$267Additional noninterest income
$3,110Total noninterest expense
$1,654Salaries and employee benefits
$424Premises and equipment expense
$1,032Additional noninterest expense
$211Pre-tax net operating income
$0Securities gains (losses)
$58Applicable income taxes
$153Income before extraordinary items
$0Extraordinary gains - net
$153Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$3Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.83%Yield on earning assets
2.67%Cost of funding earning assets
4.16%Net interest margin
0.53%Noninterest income to earning assets
4.38%Noninterest expense to earning assets
0.20%Net operating income to assets
0.20%Return on assets (ROA)
0.27%Pretax return on assets
1.90%Return on equity (ROE)
1.90%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
333.33%Credit loss provision to net charge-offs
73.67%Efficiency ratio
93,365Assets per employee
2.78%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.12%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
91.59%Net loans and leases to core deposits
113.25%Equity capital to assets
9.76%Core capital (leverage) ratio
10.27%Tier 1 risk-based capital ratio
12.64%Total risk-based capital ratio
Memoranda
$14Average assets
$77,206Average earning assets
$8,045Average equity
$70,995Average loans
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