Lake Sunapee Bank, FSB in Newport, New Hampshire (NH), VT
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Lake Sunapee Bank, FSB in Newport, New Hampshire (NH), VT
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Lake Sunapee Bank, FSB - Overview

  • General
  • FDIC Certificate #: 31953
    Status: Active
    Federal Reserve ID: 91101
    Date Established: December 01, 1980
    WWW: http://www.lakesunbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 27 (Domestic: 27, Interstate: Yes)
    OTS Docket #: 7644
    FDIC's unique #: 44787
    Numeric code: 33
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: December 01, 1980
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 9 Main Street, Newport, NH 3773
    County: Sullivan
    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
    Combined Statistical Area (CSA): Claremont-Lebanon, NH-VT (#180)
    Core Based Statistical Area (CBSA): Claremont, NH (#17200)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $1,040.6 mil
    Equity capital: $126.4 mil
    Deposits held in domestic offices: $808.6 mil
    Return on assets (ROA): 0.86% ($9.0 mil)
    Quarterly return on assets: 0.75% ($7.8 mil)
    Return on Equity (ROE): 7.57% ($9.5 mil)
    Quarterly return on equity: 6.23% ($7.8 mil)
    Net income: $8.8 mil
    Quarterly Net income: $1.9 mil
    Pretax return on assets: 1.21% ($12,590.8 mil)
    Quarterly Pretax return on assets: 0.98% ($10,197.5 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
  • 251Total employees (full-time equivalent)
  • $1,040,561Total assets
  • $23,839Cash and due from depository institutions
  • $3,952Interest-bearing balances
  • $210,172Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $718,879Net loans & leases
  • $8,805Loan loss allowance
  • $0Trading account assets
  • $16,658Bank premises and fixed assets
  • $4,816Other real estate owned
  • $32,164Goodwill and other intangibles
  • $1,040,560Life insurance assets
  • $34,033All other assets
  • $914,154Total liabilities and capital
  • $808,629Total liabilities
  • $786,885Total deposits
  • $808,629Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $96,481Trading liabilities
  • $0Other borrowed funds
  • $9,044Subordinated debt
  • $126,406All other liabilities
  • $126,406Total equity capital
  • $126,406Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $86,981Surplus
  • $39,424Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $16,698Income earned, not collected on loans
  • $0Earning assets
  • $2,670Long-term assets (5+ years)
  • $933,003Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $1,020,244Volatile liabilities
  • $1,040,004Insider loans
  • $672,757FHLB advances
  • $1,007,189Loans and leases held for sale
  • $13,347Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $96,525Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $132,200Restructured Loans and leases
  • $852Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $38,557Total interest income
  • $7,691Total interest expense
  • $30,866Net interest income
  • $1,300Provision for loan and lease losses
  • $8,021Total noninterest income
  • $0Fiduciary activities
  • $150Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,871Additional noninterest income
  • $27,838Total noninterest expense
  • $15,965Salaries and employee benefits
  • $2,955Premises and equipment expense
  • $8,918Additional noninterest expense
  • $9,749Pre-tax net operating income
  • $2,587Securities gains (losses)
  • $3,582Applicable income taxes
  • $8,754Income before extraordinary items
  • $0Extraordinary gains - net
  • $8,754Net income attributable to bank
  • $0Net charge-offs
  • $8,754Cash dividends
  • $1,857Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.22%Yield on earning assets
  • 0.84%Cost of funding earning assets
  • 3.38%Net interest margin
  • 0.88%Noninterest income to earning assets
  • 3.04%Noninterest expense to earning assets
  • 0.68%Net operating income to assets
  • 0.86%Return on assets (ROA)
  • 1.21%Pretax return on assets
  • 7.57%Return on equity (ROE)
  • 7.57%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 70.01%Credit loss provision to net charge-offs
  • 5.95%Efficiency ratio
  • 70,512Assets per employee
  • 4.15%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 52.73%Noncurrent assets plus other real estate owned to assets
  • 1.74%Noncurrent loans to loans
  • 2.29%Net loans and leases to deposits
  • 88.90%Net loans and leases to core deposits
  • 95.14%Equity capital to assets
  • 12.15%Core capital (leverage) ratio
  • 9.58%Tier 1 risk-based capital ratio
  • 14.35%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $1,020,244Average earning assets
  • $115,565Average equity
  • $914,240Average loans

List of branches

  • 19 New Hampshire Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    044787Lake Sunapee Bank, Fsb9 Main Street, Newport, NH 3773December 01, 1980Full Service Brick and Mortar
    101243549Sunapee Branch565 Route 11, Sunapee, NH 3782Febuary 15, 1965Full Service Brick and Mortar
    102286307New London Newport Rd Branch116 Newport Road, New London, NH 3257December 01, 1980Full Service Brick and Mortar
    103243550Bradford Branch115 Main Street, Bradford, NH 3221May 15, 1975Full Service Brick and Mortar
    104243552Grantham Branch165 Route 10, Grantham, NH 3753April 04, 1980Full Service Brick and Mortar
    105243551Guild Branch300 Sunapee Street, Newport, NH 3773January 05, 1978Limited Service Facility
    106286308Heater Road Branch200 Heater Road, Lebanon, NH 3766June 30, 1987Full Service Brick and Mortar
    109286311Hillsboro Branch15 Antrim Road, Hillsboro, NH 3244August 01, 1994Full Service Brick and Mortar
    110286312West Lebanon Branch83 Main Street, West Lebanon, NH 3784October 05, 1994Full Service Brick and Mortar
    11146927106 Hanover Street Branch106 Hanover Street, Lebanon, NH 3766March 28, 1991Full Service Brick and Mortar
    112286313Centerra Branch12 Centerra Parkway, Suite 10, Lebanon, NH 3766November 06, 1997Full Service Brick and Mortar
    11311796New London Main St Branch150 Main Street, New London, NH 3257April 15, 1958Full Service Brick and Mortar
    115243012Newbury Branch976 Route 103, Newbury, NH 3255May 29, 1980Full Service Brick and Mortar
    131495808Andover Branch7 Lawrence Street, Andover, NH 3216October 29, 1999Full Service Brick and Mortar
    132495809Peterborough Branch2-4 Main Street, Peterborough, NH 3458January 29, 2005Full Service Brick and Mortar
    133495810Enfield Branch468 Us Rt 4, Enfield, NH 3748June 01, 2005Full Service Brick and Mortar
    134495811Claremont Branch345 Washington St, Claremont, NH 3743May 01, 2005Full Service Brick and Mortar
    135495812Milford Branch321 Elm St, Milford, NH 3055March 01, 2007Full Service Brick and Mortar
    136495813Hanover Branch12 South St, Hanover, NH 3755May 01, 2007Full Service Brick and Mortar
  • 8 Vermont Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    1214230Brandon Park StTwo Park Street, Brandon, VT 5733January 01, 1863Full Service Brick and Mortar
    123209135Pittsford BranchUs Route 7 And Depot Hill Road, Pittsford, VT 5763October 03, 1994Full Service Brick and Mortar
    125430095West Rutland Branch484 Main Street, West Rutland, VT 5777March 01, 2004Full Service Brick and Mortar
    12645590Woodstock BranchOne Bond Street, Woodstock, VT 5091November 14, 1989Full Service Brick and Mortar
    127364160West Woodstock BranchRoute 4 West, Woodstock, VT 5091Febuary 13, 2001Limited Service Facility
    128366325Rutland Merchants Row Branch104 Merchants Row, Rutland, VT 5701Febuary 24, 2003Full Service Brick and Mortar
    129451977Rutland Woodstock Ave Branch100 Woodstock Avenue, Rutland, VT 5701June 12, 2006Full Service Brick and Mortar
    137495814Brandon Franklin St Branch1340 Franklin St, Brandon, VT 5733June 01, 2007Full Service Brick and Mortar

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