NewMil Bank in New Milford, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 06, 2006

  • NewMil Bank in New Milford, Connecticut (CT)
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NewMil Bank - Overview

  • General
  • FDIC Certificate #: 18259
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Webster Bank, National Association (#18221)
    Federal Reserve ID: 623306
    Date Established: July 01, 1858
    WWW: http://www.newmilbank.com
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 20 (Interstate: No)
    OTS Docket #: 12307
    FDIC's unique #: 12175
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 01, 1960
    Last Structure Change Effective Date: October 06, 2006
    Last Structure Change Process Date: October 27, 2006
    Last Data Update: October 27, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 19-21 Main Street, New Milford, CT 6776
    County: Litchfield
    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): Danbury, CT (#1930)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): Torrington, CT (#45860)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $710.5 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, 2005)

  • Dollar figures in thousands
  • 180Total employees (full-time equivalent)
  • $873,043Total assets
  • $22,495Cash and due from depository institutions
  • $0Interest-bearing balances
  • $312,455Securities
  • $69Federal funds sold & reverse repurchase agreements
  • $492,816Net loans & leases
  • $4,949Loan loss allowance
  • $0Trading account assets
  • $6,857Bank premises and fixed assets
  • $0Other real estate owned
  • $8,094Goodwill and other intangibles
  • $0Life insurance assets
  • $30,257All other assets
  • $873,043Total liabilities and capital
  • $810,446Total liabilities
  • $616,393Total deposits
  • $580,181Interest-bearing deposits
  • $616,393Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $15,491Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $174,266Other borrowed funds
  • $0Subordinated debt
  • $4,296All other liabilities
  • $62,597Total equity capital
  • $62,597Total bank equity capital
  • $62,597Perpetual preferred stock
  • $0Common stock
  • $4,741Surplus
  • $55,955Undivided profits
  • Memoranda
  • $1,901Noncurrent loans and leases
  • $101,815Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,590Earning assets
  • $0Long-term assets (5+ years)
  • $3,847Average Assets, year-to-date
  • $805,340Average Assets, quarterly
  • $387,325Volatile liabilities
  • $815,538Insider loans
  • $865,204FHLB advances
  • $213,363Loans and leases held for sale
  • $3,436Unused loan commitments
  • $174,266Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $101,815Total unused commitments
  • $0Restructured Loans and leases
  • $4,949Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $40,290Total interest income
  • $13,624Total interest expense
  • $26,666Net interest income
  • -$135Provision for loan and lease losses
  • $4,288Total noninterest income
  • $0Fiduciary activities
  • $2,211Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,077Additional noninterest income
  • $17,559Total noninterest expense
  • $9,716Salaries and employee benefits
  • $2,520Premises and equipment expense
  • $5,323Additional noninterest expense
  • $13,530Pre-tax net operating income
  • $0Securities gains (losses)
  • $3,327Applicable income taxes
  • $10,203Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,203Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$36Sale, conversion, retirement of capital stock, net
  • $8,540Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.35%Yield on earning assets
  • 1.81%Cost of funding earning assets
  • 3.54%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 2.33%Noninterest expense to earning assets
  • 1.25%Net operating income to assets
  • 1.25%Return on assets (ROA)
  • 1.66%Pretax return on assets
  • 16.06%Return on equity (ROE)
  • 2.62%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • 375.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 56,251Assets per employee
  • 4.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 83.70%Loss allowance to loans
  • 0.99%Loss allowance to noncurrent loans
  • 311.26%Noncurrent assets plus other real estate owned to assets
  • 0.18%Noncurrent loans to loans
  • 0.32%Net loans and leases to deposits
  • 79.95%Net loans and leases to core deposits
  • 88.71%Equity capital to assets
  • 7.17%Core capital (leverage) ratio
  • 6.78%Tier 1 risk-based capital ratio
  • 11.99%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $815,538Average earning assets
  • $63,530Average equity
  • $753,381Average loans

Total Fiduciary and Related Assets (December 31, 2001)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $222Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $222Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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