FDIC Certificate #: 35133 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Passumpsic Savings Bank (#14134) Federal Reserve ID: 2848514 Date Established: October 21, 1999 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 15589 FDIC's unique #: 74922 Numeric code: 33 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: October 21, 1999 Last Structure Change Effective Date: January 01, 2002 Last Structure Change Process Date: January 15, 2002 Last Data Update: January 15, 2002 Data Source Date: April 05, 2012
Location
Address: 81 Meadow Street, Littleton, NH 3561 County: Grafton Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Concord Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Combined Statistical Area (CSA): Claremont-Lebanon, NH-VT (#180) Core Based Statistical Area (CBSA): Lebanon, NH-VT (#30100) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $14.7 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2001)
Dollar figures in thousands
9Total employees (full-time equivalent)
$14,657Total assets
$541Cash and due from depository institutions
$126Interest-bearing balances
$5,810Securities
$420Federal funds sold & reverse repurchase agreements
$6,300Net loans & leases
$99Loan loss allowance
$0Trading account assets
$1,109Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$477All other assets
$14,662Total liabilities and capital
$12,584Total liabilities
$12,007Total deposits
$11,508Interest-bearing deposits
$12,007Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$500Other borrowed funds
$0Subordinated debt
$77All other liabilities
$2,078Total equity capital
$2,078Total bank equity capital
$2,078Perpetual preferred stock
$0Common stock
$1Surplus
$0Undivided profits
Memoranda
$2,077Noncurrent loans and leases
$150Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$50Earning assets
$0Long-term assets (5+ years)
$124Average Assets, year-to-date
$12,656Average Assets, quarterly
$0Volatile liabilities
$12,044Insider loans
$14,256FHLB advances
$4,033Loans and leases held for sale
$134Unused loan commitments
$500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$150Total unused commitments
$0Restructured Loans and leases
$38Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$743Total interest income
$438Total interest expense
$305Net interest income
$38Provision for loan and lease losses
$90Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$90Additional noninterest income
$727Total noninterest expense
$314Salaries and employee benefits
$138Premises and equipment expense
$275Additional noninterest expense
-$370Pre-tax net operating income
$0Securities gains (losses)
-$124Applicable income taxes
-$246Income before extraordinary items
$0Extraordinary gains - net
-$246Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$21Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.47%Yield on earning assets
4.40%Cost of funding earning assets
3.07%Net interest margin
0.90%Noninterest income to earning assets
7.31%Noninterest expense to earning assets
-2.04%Net operating income to assets
-2.04%Return on assets (ROA)
-3.07%Pretax return on assets
-11.19%Return on equity (ROE)
-11.19%Retained earnings to average equity (YTD only)
0.35%Net charge-offs to loans
180.95%Credit loss provision to net charge-offs
-15.81%Efficiency ratio
184,051Assets per employee
1.63%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.55%Loss allowance to noncurrent loans
198.00%Noncurrent assets plus other real estate owned to assets
0.34%Noncurrent loans to loans
0.78%Net loans and leases to deposits
52.47%Net loans and leases to core deposits
74.35%Equity capital to assets
14.18%Core capital (leverage) ratio
13.95%Tier 1 risk-based capital ratio
31.97%Total risk-based capital ratio
Memoranda
$33Average assets
$12,044Average earning assets
$2,198Average equity
$9,948Average loans
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