First County Bank in city_name, state_name - Detailed Financial Reports, Location

First County Bank in Stamford, Connecticut (CT)
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First County Bank routing number info

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First County Bank - Overview

General
FDIC Certificate #: 18204
Status: Active
Federal Reserve ID: 958204
Date Established: June 20, 1851
WWW: http://www.firstcountybank.com
Trust Powers Granted: Yes
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 15 (Domestic: 15, Interstate: No)
OTS Docket #: 7711
FDIC's unique #: 12124
Numeric code: 42
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: July 01, 1960
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 160 Atlantic Street, Stamford, CT 6904
County: Fairfield
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): Stamford-Norwalk, CT (#8040)
Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
Core Based Statistical Area (CBSA): Bridgeport-Stamford-Norwalk, CT (#14860)
CBSA Metro Statistical Area: Bridgeport-Stamford-Norwalk, CT (#14860)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $1,319.1 mil
Equity capital: $101.4 mil
Deposits held in domestic offices: $966.5 mil
Return on assets (ROA): 0.24% ($3.2 mil)
Quarterly return on assets: 0.27% ($3.6 mil)
Return on Equity (ROE): 2.99% ($3.0 mil)
Quarterly return on equity: 3.45% ($3.5 mil)
Net income: $3.1 mil
Quarterly Net income: $0.9 mil
Pretax return on assets: 0.31% ($4,089.3 mil)
Quarterly Pretax return on assets: 0.33% ($4,353.2 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, 2011)

Dollar figures in thousands
221Total employees (full-time equivalent)
$1,319,140Total assets
$30,284Cash and due from depository institutions
$25,757Interest-bearing balances
$361,507Securities
$0Federal funds sold & reverse repurchase agreements
$824,826Net loans & leases
$11,602Loan loss allowance
$0Trading account assets
$18,879Bank premises and fixed assets
$1,400Other real estate owned
$988Goodwill and other intangibles
$1,319,140Life insurance assets
$81,256All other assets
$1,217,749Total liabilities and capital
$966,517Total liabilities
$922,664Total deposits
$966,517Interest-bearing deposits
$85Deposits held in domestic offices
50003.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$173,950Trading liabilities
$0Other borrowed funds
$27,279Subordinated debt
$101,391All other liabilities
$101,391Total equity capital
$101,391Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$8,230Surplus
$93,161Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$24,196Income earned, not collected on loans
$0Earning assets
$4,546Long-term assets (5+ years)
$1,212,090Average Assets, year-to-date
$651,137Average Assets, quarterly
$1,313,025Volatile liabilities
$1,314,176Insider loans
$900,918FHLB advances
$1,306,075Loans and leases held for sale
$31,250Unused loan commitments
$12,056Tier 1 (core) risk-based capital
$116,885Tier 2 risk-based capital
$18,219Total risk weighted assets
$975Total unused commitments
$167,542Restructured Loans and leases
$9,378Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$53,866Total interest income
$14,336Total interest expense
$39,530Net interest income
$2,762Provision for loan and lease losses
$5,859Total noninterest income
$1,142Fiduciary activities
$1,954Service charges on deposit accounts
$0Trading account gains & fees
$2,763Additional noninterest income
$38,532Total noninterest expense
$22,213Salaries and employee benefits
$6,396Premises and equipment expense
$9,923Additional noninterest expense
$4,095Pre-tax net operating income
-$13Securities gains (losses)
$992Applicable income taxes
$3,090Income before extraordinary items
$0Extraordinary gains - net
$3,090Net income attributable to bank
$0Net charge-offs
$3,090Cash dividends
$2,788Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.47%Yield on earning assets
1.19%Cost of funding earning assets
3.28%Net interest margin
0.49%Noninterest income to earning assets
3.20%Noninterest expense to earning assets
0.24%Net operating income to assets
0.24%Return on assets (ROA)
0.31%Pretax return on assets
2.99%Return on equity (ROE)
2.99%Retained earnings to average equity (YTD only)
0.34%Net charge-offs to loans
99.07%Credit loss provision to net charge-offs
2.46%Efficiency ratio
84,893Assets per employee
5.97%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.39%Loss allowance to noncurrent loans
47.95%Noncurrent assets plus other real estate owned to assets
1.96%Noncurrent loans to loans
2.89%Net loans and leases to deposits
85.34%Net loans and leases to core deposits
99.17%Equity capital to assets
7.69%Core capital (leverage) ratio
8.95%Tier 1 risk-based capital ratio
12.97%Total risk-based capital ratio
Memoranda
$14Average assets
$1,313,025Average earning assets
$103,264Average equity
$1,205,815Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$168,182Managed Assets
1Number of Accounts
$151,863Personal trust and agency accounts
$9,117Employee benefit-defined contribution accounts
$4,008Employee benefit-defined benefit accounts
$37,078Other retirement accounts
$24,531Corporate trust and agency accounts
$717Investment management agency accounts
$61,688Other fiduciary accounts
$5,266Fiduciary accounts held in foreign offices
$9,458Non-managed Assets
467Number of Accounts
$0Personal trust and agency accounts
$24,432Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$16,319Other retirement accounts
$9,100Corporate trust and agency accounts
$64Other fiduciary accounts
$5,027Fiduciary accounts held in foreign offices

List of branches

15 Connecticut Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	12124	First County Bank	160 Atlantic Street, Stamford, CT 6904	June 20, 1851	Full Service Brick and Mortar
1	244278	Darien Branch	1006 Post Road, Darien, CT 6820	July 15, 1961	Full Service Brick and Mortar
2	244279	Greenwich Branch	59 Mason Street, Greenwich, CT 6830	May 11, 1963	Full Service Brick and Mortar
3	244280	North Stamford Branch	1042 High Ridge Road, Stamford, CT 6905	April 12, 1969	Full Service Brick and Mortar
4	244281	Summer Street Branch	2950 Summer Street, Stamford, CT 6905	November 25, 1978	Full Service Brick and Mortar
5	244282	Springdale Branch	1110 Hope Street, Stamford, CT 6907	May 02, 1983	Full Service Brick and Mortar
6	244283	Prospect Street Branch	117 Prospect Street, Stamford, CT 6901	June 21, 1988	Full Service Brick and Mortar
7	244284	New Canaan Branch	95 Park Street, New Canaan, CT 6840	June 04, 1990	Full Service Brick and Mortar
8	244285	Hope Street Branch	275 Hope Street, Stamford, CT 6904	November 07, 1996	Full Service Brick and Mortar
9	244286	Post Road Branch	1260 Post Road East, Westport, CT 6880	September 04, 1996	Full Service Brick and Mortar
10	419176	Norwalk Branch	469 Westport Avenue, Norwalk, CT 6851	May 08, 2003	Full Service Brick and Mortar
11	433922	Main Avenue Norwalk Branch	660 Main Avenue, Norwalk, CT 6851	December 04, 2004	Full Service Brick and Mortar
12	447350	West Main Street Branch	1980 West Main Street, Stamford, CT 6902	November 19, 2005	Full Service Brick and Mortar
13	452953	Shippan Avenue Branch	637 Shippan Avenue, Stamford, CT 6902	July 15, 2006	Full Service Brick and Mortar
14	500230	Connecticut Avenue Branch	700 Connecticut Avenue, Norwalk, CT 6854	August 10, 2009	Full Service Brick and Mortar

First County Bank in Stamford, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

First County Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

First County Bank in Stamford, Connecticut (CT)Overview, Financial Summary, Detailed Financial Reports, Branches

First County Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

First County Bank in Stamford, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches