Fleet Bank of Maine in Portland, Maine (ME)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 02, 2000

  • Fleet Bank of Maine in Portland, Maine (ME)
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Fleet Bank of Maine - Overview

  • General
  • FDIC Certificate #: 8
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fleet National Bank (#2558)
    Federal Reserve ID: 422406
    Date Established: November 20, 1933
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 55 (Interstate: No)
    FDIC's unique #: 3
    Numeric code: 13
    Regulator: FED
    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: January 01, 1934
    Last Structure Change Effective Date: October 02, 2000
    Last Structure Change Process Date: November 17, 2000
    Last Data Update: November 17, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: One City Center, Portland, ME 4104
    County: Cumberland
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Concord
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Portland, ME (#6400)
    Combined Statistical Area (CSA): Portland-Lewiston-South Portland, ME (#438)
    Core Based Statistical Area (CBSA): Portland-South Portland-Biddeford, ME (#38860)
    CBSA Metro Statistical Area: Portland-South Portland-Biddeford, ME (#38860)
  • Financial Summary
  • Total assets: $1,699.4 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 364Total employees (full-time equivalent)
  • $2,027,882Total assets
  • $119,501Cash and due from depository institutions
  • $0Interest-bearing balances
  • $78,798Securities
  • $251,103Federal funds sold & reverse repurchase agreements
  • $1,504,907Net loans & leases
  • $35,691Loan loss allowance
  • $0Trading account assets
  • $26,950Bank premises and fixed assets
  • $25Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $46,598All other assets
  • $2,027,882Total liabilities and capital
  • $1,909,398Total liabilities
  • $1,535,355Total deposits
  • $1,146,762Interest-bearing deposits
  • $1,535,355Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $131,472Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $188,896Other borrowed funds
  • $25,000Subordinated debt
  • $28,675All other liabilities
  • $118,484Total equity capital
  • $118,484Total bank equity capital
  • $118,484Perpetual preferred stock
  • $0Common stock
  • $20,000Surplus
  • $7,702Undivided profits
  • Memoranda
  • $90,782Noncurrent loans and leases
  • $648,122Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $9,651Earning assets
  • $6,629Long-term assets (5+ years)
  • $11,845Average Assets, year-to-date
  • $1,834,808Average Assets, quarterly
  • $554,381Volatile liabilities
  • $2,014,096Insider loans
  • $1,973,802FHLB advances
  • $488,008Loans and leases held for sale
  • $40,462Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $270,000Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $648,122Total unused commitments
  • $0Restructured Loans and leases
  • $42,355Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $135,566Total interest income
  • $55,926Total interest expense
  • $79,640Net interest income
  • $9,960Provision for loan and lease losses
  • $40,245Total noninterest income
  • $14,795Fiduciary activities
  • $12,254Service charges on deposit accounts
  • $48Trading account gains & fees
  • $13,148Additional noninterest income
  • $82,979Total noninterest expense
  • $16,574Salaries and employee benefits
  • $7,914Premises and equipment expense
  • $58,491Additional noninterest expense
  • $26,946Pre-tax net operating income
  • $0Securities gains (losses)
  • $8,880Applicable income taxes
  • $18,066Income before extraordinary items
  • $0Extraordinary gains - net
  • $18,066Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$877Sale, conversion, retirement of capital stock, net
  • $25,199Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.35%Yield on earning assets
  • 3.03%Cost of funding earning assets
  • 4.32%Net interest margin
  • 2.18%Noninterest income to earning assets
  • 4.50%Noninterest expense to earning assets
  • 0.90%Net operating income to assets
  • 0.90%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 14.73%Return on equity (ROE)
  • -5.82%Retained earnings to average equity (YTD only)
  • -0.05%Net charge-offs to loans
  • -1135.69%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 69,215Assets per employee
  • 5.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 139.48%Loss allowance to loans
  • 2.32%Loss allowance to noncurrent loans
  • 369.82%Noncurrent assets plus other real estate owned to assets
  • 0.48%Noncurrent loans to loans
  • 0.63%Net loans and leases to deposits
  • 98.02%Net loans and leases to core deposits
  • 110.03%Equity capital to assets
  • 5.84%Core capital (leverage) ratio
  • 6.15%Tier 1 risk-based capital ratio
  • 8.69%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $2,014,096Average earning assets
  • $122,636Average equity
  • $1,843,248Average loans

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