FDIC Certificate #: 18224 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Liberty Bank (#17943) Federal Reserve ID: 590109 Date Established: January 01, 1870 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 12142 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes FDIC Insured: Yes Insured Savings Institution: Yes State Chartered: Yes Date of Deposit Insurance: July 01, 1960 Last Structure Change Effective Date: June 29, 2001 Last Structure Change Process Date: July 13, 2001 Last Data Update: July 13, 2001 Data Source Date: April 05, 2012
Location
Address: 29 W.F. Palmer Road, Moodus, CT 6469 County: Middlesex 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 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: $59.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
23Total employees (full-time equivalent)
$62,001Total assets
$3,555Cash and due from depository institutions
$66Interest-bearing balances
$20,760Securities
$5,700Federal funds sold & reverse repurchase agreements
$29,657Net loans & leases
$319Loan loss allowance
$0Trading account assets
$683Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,646All other assets
$62,001Total liabilities and capital
$56,013Total liabilities
$55,435Total deposits
$44,147Interest-bearing deposits
$55,435Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$578All other liabilities
$5,988Total equity capital
$5,988Total bank equity capital
$5,988Perpetual preferred stock
$0Common stock
$278Surplus
$2,231Undivided profits
Memoranda
$3,479Noncurrent loans and leases
$1,540Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$242Earning assets
$0Long-term assets (5+ years)
$140Average Assets, year-to-date
$56,183Average Assets, quarterly
$17,989Volatile liabilities
$59,864Insider loans
$60,998FHLB advances
$4,807Loans and leases held for sale
$395Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,540Total unused commitments
$0Restructured Loans and leases
$319Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$4,135Total interest income
$1,649Total interest expense
$2,486Net interest income
$11Provision for loan and lease losses
$227Total noninterest income
$0Fiduciary activities
$188Service charges on deposit accounts
$0Trading account gains & fees
$39Additional noninterest income
$1,734Total noninterest expense
$1,041Salaries and employee benefits
$245Premises and equipment expense
$448Additional noninterest expense
$968Pre-tax net operating income
$0Securities gains (losses)
$330Applicable income taxes
$638Income before extraordinary items
$0Extraordinary gains - net
$638Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1Sale, conversion, retirement of capital stock, net
$141Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.54%Yield on earning assets
3.01%Cost of funding earning assets
4.53%Net interest margin
0.41%Noninterest income to earning assets
3.16%Noninterest expense to earning assets
1.07%Net operating income to assets
1.07%Return on assets (ROA)
1.62%Pretax return on assets
11.04%Return on equity (ROE)
8.60%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
1100.00%Credit loss provision to net charge-offs
979.00%Efficiency ratio
63,914Assets per employee
2.70%Cash dividends to net income (YTD only)
Condition Ratios (%)
22.10%Loss allowance to loans
1.06%Loss allowance to noncurrent loans
131.82%Noncurrent assets plus other real estate owned to assets
0.39%Noncurrent loans to loans
0.81%Net loans and leases to deposits
53.50%Net loans and leases to core deposits
58.58%Equity capital to assets
9.66%Core capital (leverage) ratio
9.75%Tier 1 risk-based capital ratio
19.94%Total risk-based capital ratio
Memoranda
$21Average assets
$59,864Average earning assets
$5,780Average equity
$54,820Average loans
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