First Federal Bank, a federal savings bank in city_name, state_name

First Federal Bank, a federal savings bank in Waterbury, Connecticut (CT)
Show street view No street view available for this location

First Federal Bank, a federal savings bank - Overview

General
FDIC Certificate #: 29574
Status: Inactive
Closing history: Corrections
Acquiring institution: Webster Bank, National Association (#18221)
Federal Reserve ID: 392077
Date Established: December 07, 1935
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 3687
FDIC's unique #: 42408
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: December 07, 1935
Last Structure Change Effective Date: November 01, 1995
Last Structure Change Process Date: December 07, 1995
Last Data Update: January 31, 1996
Data Source Date: April 05, 2012
Location
Address: First Federal Plaza, Waterbury, CT 6720
County: New Haven
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): Waterbury, CT (#8880)
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): New Haven-Milford, CT (#35300)
CBSA Metro Statistical Area: New Haven-Milford, CT (#35300)
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $2,534.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$459Total assets
$2,276,872Cash and due from depository institutions
$63,309Interest-bearing balances
$36,513Securities
$622,765Federal funds sold & reverse repurchase agreements
$3,100Net loans & leases
$1,457,604Loan loss allowance
$38,297Trading account assets
$23,016Bank premises and fixed assets
$27,083Other real estate owned
$18,843Goodwill and other intangibles
$55,212Life insurance assets
$5,940All other assets
$0Total liabilities and capital
$2,276,872Total liabilities
$2,151,399Total deposits
$1,751,808Interest-bearing deposits
$1,678,581Deposits held in domestic offices
1751808.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$370,356Subordinated debt
$0All other liabilities
$29,235Total equity capital
$29,235Total bank equity capital
$125,473Perpetual preferred stock
$0Common stock
$0Surplus
$42,858Undivided profits
Memoranda
$82,615Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$20,107Income earned, not collected on loans
$9,095Earning assets
$2,142,998Long-term assets (5+ years)
$0Average Assets, year-to-date
$2,221,403Average Assets, quarterly
$2,269,378Volatile liabilities
$499,653Insider loans
$375FHLB advances
$367,000Loans and leases held for sale
$0Unused loan commitments
$90,375Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$125,261Total risk weighted assets
$1,075,313Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$140,212Total interest expense
$72,962Net interest income
$67,250Provision for loan and lease losses
$1,580Total noninterest income
$10,424Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$356Additional noninterest income
$10,068Total noninterest expense
$52,810Salaries and employee benefits
$19,436Premises and equipment expense
$8,285Additional noninterest expense
$25,089Pre-tax net operating income
$23,284Securities gains (losses)
-$1,303Applicable income taxes
$8,874Income before extraordinary items
$13,107Extraordinary gains - net
$0Net income attributable to bank
$13,107Net charge-offs
$11,976Cash dividends
$3,392Sale, conversion, retirement of capital stock, net
$5,868Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.72%Cost of funding earning assets
3.50%Net interest margin
3.22%Noninterest income to earning assets
0.50%Noninterest expense to earning assets
2.53%Net operating income to assets
0.63%Return on assets (ROA)
0.59%Pretax return on assets
0.99%Return on equity (ROE)
11.10%Retained earnings to average equity (YTD only)
8.22%Net charge-offs to loans
0.81%Credit loss provision to net charge-offs
13.19%Efficiency ratio
59,786Assets per employee
4.96%Cash dividends to net income (YTD only)
Condition Ratios (%)
25.88%Loss allowance to loans
2.56%Loss allowance to noncurrent loans
190.47%Noncurrent assets plus other real estate owned to assets
1.71%Noncurrent loans to loans
1.34%Net loans and leases to deposits
83.21%Net loans and leases to core deposits
89.84%Equity capital to assets
5.51%Core capital (leverage) ratio
5.50%Tier 1 risk-based capital ratio
11.65%Total risk-based capital ratio
Memoranda
$13Average assets
$2,221,403Average earning assets
$118,117Average equity
$2,086,338Average loans

First Federal Bank, a federal savings bank in Waterbury, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal Bank, a federal savings bank - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

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

First Federal Bank, a federal savings bank in Waterbury, Connecticut (CT)Overview, Financial Summary, Detailed Financial Reports, Branches

First Federal Bank, a federal savings bank - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

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

First Federal Bank, a federal savings bank in Waterbury, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches