FDIC Certificate #: 58621 Status: Active Federal Reserve ID: 3733411 Date Established: April 25, 2008 WWW:http://www.nuvobank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 458850 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: April 25, 2008 Last Structure Change Effective Date: March 13, 2012 Last Structure Change Process Date: March 13, 2012 Last Data Update: March 13, 2012 Data Source Date: April 05, 2012
Location
Address: 1500 Main Street, Springfield, MA 1115 County: Hampden Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Springfield Ma Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Springfield, MA (#8000) Core Based Statistical Area (CBSA): Springfield, MA (#44140) CBSA Metro Statistical Area: Springfield, MA (#44140)
Financial Summary
Total assets: $87.8 mil Equity capital: $7.8 mil Deposits held in domestic offices: $77.6 mil Return on assets (ROA): 0.52% ($0.5 mil) Quarterly return on assets: 1.66% ($1.5 mil) Return on Equity (ROE): 5.59% ($0.4 mil) Quarterly return on equity: 18.32% ($1.5 mil) Net income: $0.4 mil Quarterly Net income: $0.3 mil Pretax return on assets: 0.26% ($228.3 mil) Quarterly Pretax return on assets: 0.66% ($579.5 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
13Total employees (full-time equivalent)
$87,807Total assets
$4,606Cash and due from depository institutions
$590Interest-bearing balances
$3,794Securities
$2,589Federal funds sold & reverse repurchase agreements
$75,172Net loans & leases
$955Loan loss allowance
$0Trading account assets
$782Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$87,807Life insurance assets
$864All other assets
$80,011Total liabilities and capital
$77,628Total liabilities
$64,713Total deposits
$77,628Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$2,000Trading liabilities
$0Other borrowed funds
$383Subordinated debt
$7,796All other liabilities
$7,796Total equity capital
$7,796Total bank equity capital
$0Perpetual preferred stock
$18Common stock
$14,885Surplus
$-7,107Undivided profits
Memoranda
$0Noncurrent loans and leases
$309Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$611Income earned, not collected on loans
$0Earning assets
$204Long-term assets (5+ years)
$82,145Average Assets, year-to-date
$24,422Average Assets, quarterly
$75,808Volatile liabilities
$83,907Insider loans
$66,857FHLB advances
$82,113Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$7,767Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$11,228Restructured Loans and leases
$1,138Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,503Total interest income
$820Total interest expense
$2,683Net interest income
$300Provision for loan and lease losses
$218Total noninterest income
$0Fiduciary activities
$138Service charges on deposit accounts
$0Trading account gains & fees
$80Additional noninterest income
$2,427Total noninterest expense
$1,156Salaries and employee benefits
$374Premises and equipment expense
$897Additional noninterest expense
$174Pre-tax net operating income
$23Securities gains (losses)
-$196Applicable income taxes
$393Income before extraordinary items
$0Extraordinary gains - net
$393Net income attributable to bank
$0Net charge-offs
$393Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.83%Yield on earning assets
1.13%Cost of funding earning assets
3.70%Net interest margin
0.30%Noninterest income to earning assets
3.35%Noninterest expense to earning assets
0.49%Net operating income to assets
0.52%Return on assets (ROA)
0.26%Pretax return on assets
5.59%Return on equity (ROE)
5.59%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
83,661Assets per employee
6.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
156.30%Noncurrent assets plus other real estate owned to assets
0.70%Noncurrent loans to loans
0.80%Net loans and leases to deposits
96.84%Net loans and leases to core deposits
131.44%Equity capital to assets
8.88%Core capital (leverage) ratio
9.46%Tier 1 risk-based capital ratio
11.62%Total risk-based capital ratio
Memoranda
$13Average assets
$75,808Average earning assets
$7,033Average equity
$72,520Average loans
List of branches
1 Massachusetts Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
458850
Nuvo Bank & Trust Company
1500 Main Street, Springfield, MA 1115
April 25, 2008
Full Service Brick and Mortar
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