Nutmeg Federal Savings and Loan Association - Overview
General
FDIC Certificate #: 31910 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:NewMil Bank (#18259) Federal Reserve ID: 668576 Date Established: November 14, 1977 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 7594 FDIC's unique #: 44744 Numeric code: 37 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: November 14, 1977 Last Structure Change Effective Date: November 10, 2000 Last Structure Change Process Date: December 18, 2000 Last Data Update: December 18, 2000 Data Source Date: April 05, 2012
Location
Address: 301 Main Street, Danbury, CT 6810 County: Fairfield 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): Bridgeport-Stamford-Norwalk, CT (#14860) CBSA Metro Statistical Area: Bridgeport-Stamford-Norwalk, CT (#14860)
Financial Summary
Total assets: $124.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
56Total employees (full-time equivalent)
$117,049Total assets
$3,450Cash and due from depository institutions
$1,695Interest-bearing balances
$3,847Securities
$0Federal funds sold & reverse repurchase agreements
$96,186Net loans & leases
$504Loan loss allowance
$0Trading account assets
$472Bank premises and fixed assets
$179Other real estate owned
$9,641Goodwill and other intangibles
$0Life insurance assets
$3,274All other assets
$117,050Total liabilities and capital
$106,630Total liabilities
$95,183Total deposits
$65,353Interest-bearing deposits
$95,183Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,000Other borrowed funds
$0Subordinated debt
$4,447All other liabilities
$10,420Total equity capital
$10,420Total bank equity capital
$10,420Perpetual preferred stock
$3,123Common stock
$5Surplus
$4,996Undivided profits
Memoranda
$2,296Noncurrent loans and leases
$4,829Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$712Earning assets
$0Long-term assets (5+ years)
$1,071Average Assets, year-to-date
$101,728Average Assets, quarterly
$0Volatile liabilities
$114,317Insider loans
$113,643FHLB advances
$20,228Loans and leases held for sale
$1,515Unused loan commitments
$7,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,829Total unused commitments
$0Restructured Loans and leases
$504Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$7,743Total interest income
$2,732Total interest expense
$5,011Net interest income
$47Provision for loan and lease losses
$1,078Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,078Additional noninterest income
$4,655Total noninterest expense
$2,720Salaries and employee benefits
$950Premises and equipment expense
$985Additional noninterest expense
$1,387Pre-tax net operating income
$496Securities gains (losses)
$583Applicable income taxes
$1,300Income before extraordinary items
$0Extraordinary gains - net
$1,300Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$74Sale, conversion, retirement of capital stock, net
$612Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.64%Yield on earning assets
2.70%Cost of funding earning assets
4.95%Net interest margin
1.06%Noninterest income to earning assets
4.60%Noninterest expense to earning assets
0.84%Net operating income to assets
1.14%Return on assets (ROA)
1.65%Pretax return on assets
12.93%Return on equity (ROE)
6.84%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
63.51%Credit loss provision to net charge-offs
19.38%Efficiency ratio
76,449Assets per employee
2.09%Cash dividends to net income (YTD only)
Condition Ratios (%)
47.08%Loss allowance to loans
0.52%Loss allowance to noncurrent loans
70.79%Noncurrent assets plus other real estate owned to assets
0.76%Noncurrent loans to loans
0.74%Net loans and leases to deposits
101.05%Net loans and leases to core deposits
117.36%Equity capital to assets
8.90%Core capital (leverage) ratio
8.82%Tier 1 risk-based capital ratio
12.97%Total risk-based capital ratio
Memoranda
$14Average assets
$114,317Average earning assets
$10,056Average equity
$101,292Average loans
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