FDIC Certificate #: 33402 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Webster Bank, National Association (#18221) Federal Reserve ID: 1859308 Date Established: May 17, 1991 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 9620 FDIC's unique #: 47041 Numeric code: 21 Regulator: FDIC 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: May 17, 1991 Last Structure Change Effective Date: April 21, 1999 Last Structure Change Process Date: June 02, 1999 Last Data Update: June 02, 1999 Data Source Date: April 05, 2012
Location
Address: 130 Westbrook Road, Essex, CT 6426 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: $100.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
32Total employees (full-time equivalent)
$101,401Total assets
$3,906Cash and due from depository institutions
$7Interest-bearing balances
$21,518Securities
$2,300Federal funds sold & reverse repurchase agreements
$70,759Net loans & leases
$1,012Loan loss allowance
$0Trading account assets
$1,984Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$934All other assets
$101,401Total liabilities and capital
$94,210Total liabilities
$89,013Total deposits
$71,519Interest-bearing deposits
$89,013Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,979Other borrowed funds
$0Subordinated debt
$218All other liabilities
$7,191Total equity capital
$7,191Total bank equity capital
$7,191Perpetual preferred stock
$0Common stock
$470Surplus
$4,207Undivided profits
Memoranda
$2,514Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$267Earning assets
$0Long-term assets (5+ years)
$371Average Assets, year-to-date
$94,584Average Assets, quarterly
$34,619Volatile liabilities
$96,018Insider loans
$102,532FHLB advances
$4,737Loans and leases held for sale
$2,376Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,326Total unused commitments
$0Restructured Loans and leases
$67,766Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$7,426Total interest income
$3,027Total interest expense
$4,399Net interest income
$315Provision for loan and lease losses
$405Total noninterest income
$0Fiduciary activities
$232Service charges on deposit accounts
$0Trading account gains & fees
$173Additional noninterest income
$2,988Total noninterest expense
$1,698Salaries and employee benefits
$397Premises and equipment expense
$893Additional noninterest expense
$1,501Pre-tax net operating income
$23Securities gains (losses)
$607Applicable income taxes
$917Income before extraordinary items
$0Extraordinary gains - net
$917Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$61Sale, conversion, retirement of capital stock, net
$315Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.34%Yield on earning assets
3.40%Cost of funding earning assets
4.94%Net interest margin
0.45%Noninterest income to earning assets
3.35%Noninterest expense to earning assets
0.94%Net operating income to assets
0.96%Return on assets (ROA)
1.59%Pretax return on assets
13.38%Return on equity (ROE)
8.78%Retained earnings to average equity (YTD only)
0.09%Net charge-offs to loans
516.39%Credit loss provision to net charge-offs
29.77%Efficiency ratio
62,198Assets per employee
3.17%Cash dividends to net income (YTD only)
Condition Ratios (%)
34.35%Loss allowance to loans
1.41%Loss allowance to noncurrent loans
379.03%Noncurrent assets plus other real estate owned to assets
0.26%Noncurrent loans to loans
0.37%Net loans and leases to deposits
79.49%Net loans and leases to core deposits
83.96%Equity capital to assets
7.09%Core capital (leverage) ratio
6.83%Tier 1 risk-based capital ratio
10.43%Total risk-based capital ratio
Memoranda
$12Average assets
$96,018Average earning assets
$6,854Average equity
$89,063Average loans
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