New England Bank and Trust Company in Windsor, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 01, 1999

  • New England Bank and Trust Company in Windsor, Connecticut (CT)
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New England Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 20536
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Webster Bank, National Association (#18221)
    Federal Reserve ID: 709004
    Date Established: November 04, 1971
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 13 (Interstate: No)
    OTS Docket #: 12480
    FDIC's unique #: 14173
    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: November 04, 1971
    Last Structure Change Effective Date: December 01, 1999
    Last Structure Change Process Date: Febuary 01, 2000
    Last Data Update: Febuary 02, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 176 Broad Street, Windsor, CT 6095
    County: Hartford
    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): Hartford, CT (#3280)
    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)
  • History of Changes
  • Absorption - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $586.3 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
  • 281Total employees (full-time equivalent)
  • $575,962Total assets
  • $33,511Cash and due from depository institutions
  • $259Interest-bearing balances
  • $157,767Securities
  • $2,900Federal funds sold & reverse repurchase agreements
  • $357,948Net loans & leases
  • $6,483Loan loss allowance
  • $0Trading account assets
  • $10,389Bank premises and fixed assets
  • $1,188Other real estate owned
  • $4,390Goodwill and other intangibles
  • $0Life insurance assets
  • $7,869All other assets
  • $575,962Total liabilities and capital
  • $527,977Total liabilities
  • $462,899Total deposits
  • $335,504Interest-bearing deposits
  • $462,899Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $34,049Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $29,106Other borrowed funds
  • $0Subordinated debt
  • $1,923All other liabilities
  • $47,985Total equity capital
  • $47,985Total bank equity capital
  • $47,985Perpetual preferred stock
  • $0Common stock
  • $6,579Surplus
  • $28,707Undivided profits
  • Memoranda
  • $12,699Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,887Earning assets
  • $839Long-term assets (5+ years)
  • $2,145Average Assets, year-to-date
  • $518,874Average Assets, quarterly
  • $147,420Volatile liabilities
  • $576,696Insider loans
  • $569,221FHLB advances
  • $79,421Loans and leases held for sale
  • $1,298Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $8,566Total risk weighted assets
  • $81,557Total unused commitments
  • $0Restructured Loans and leases
  • $402,039Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $41,906Total interest income
  • $15,281Total interest expense
  • $26,625Net interest income
  • $988Provision for loan and lease losses
  • $6,820Total noninterest income
  • $0Fiduciary activities
  • $1,919Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,901Additional noninterest income
  • $25,755Total noninterest expense
  • $12,753Salaries and employee benefits
  • $4,160Premises and equipment expense
  • $8,842Additional noninterest expense
  • $6,702Pre-tax net operating income
  • $669Securities gains (losses)
  • $2,962Applicable income taxes
  • $4,409Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,409Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,864Sale, conversion, retirement of capital stock, net
  • $2,687Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.09%Yield on earning assets
  • 2.95%Cost of funding earning assets
  • 5.14%Net interest margin
  • 1.32%Noninterest income to earning assets
  • 4.97%Noninterest expense to earning assets
  • 0.69%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 1.28%Pretax return on assets
  • 9.22%Return on equity (ROE)
  • 3.60%Retained earnings to average equity (YTD only)
  • 0.50%Net charge-offs to loans
  • 53.00%Credit loss provision to net charge-offs
  • 4.13%Efficiency ratio
  • 76,095Assets per employee
  • 2.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.94%Loss allowance to loans
  • 1.78%Loss allowance to noncurrent loans
  • 132.66%Noncurrent assets plus other real estate owned to assets
  • 1.05%Noncurrent loans to loans
  • 1.34%Net loans and leases to deposits
  • 77.33%Net loans and leases to core deposits
  • 83.12%Equity capital to assets
  • 8.33%Core capital (leverage) ratio
  • 7.52%Tier 1 risk-based capital ratio
  • 10.93%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $576,696Average earning assets
  • $47,828Average equity
  • $517,954Average loans

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