FDIC Certificate #: 58785 Status: Active Federal Reserve ID: 3715341 Date Established: March 06, 2008 WWW:http://www.quinnipiacbank.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 #: 468000 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: March 06, 2008 Last Structure Change Effective Date: March 17, 2008 Last Structure Change Process Date: September 11, 2010 Last Data Update: September 11, 2010 Data Source Date: April 05, 2012
Location
Address: 2600 Dixwell Avenue, Hamden, CT 6514 County: New Haven 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): New Haven-Meriden, CT (#5480) 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): New Haven-Milford, CT (#35300) CBSA Metro Statistical Area: New Haven-Milford, CT (#35300)
History of Changes
Change in Geographic Region/Area/Territory/Field Office
Change in Location
Financial Summary
Total assets: $76.0 mil Equity capital: $9.0 mil Deposits held in domestic offices: $66.8 mil Return on assets (ROA): 2.69% ($2.0 mil) Quarterly return on assets: 9.61% ($7.3 mil) Return on Equity (ROE): 24.27% ($2.2 mil) Quarterly return on equity: 87.81% ($7.9 mil) Net income: $1.8 mil Quarterly Net income: $1.8 mil Pretax return on assets: 0.42% ($319.2 mil) Quarterly Pretax return on assets: 1.08% ($820.9 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
18Total employees (full-time equivalent)
$76,007Total assets
$7,215Cash and due from depository institutions
$5,175Interest-bearing balances
$4,584Securities
$1,000Federal funds sold & reverse repurchase agreements
$60,171Net loans & leases
$771Loan loss allowance
$0Trading account assets
$1,038Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$76,007Life insurance assets
$1,999All other assets
$67,040Total liabilities and capital
$66,805Total liabilities
$57,612Total deposits
$66,805Interest-bearing deposits
$91Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$235Subordinated debt
$8,967All other liabilities
$8,967Total equity capital
$8,967Total bank equity capital
$0Perpetual preferred stock
$12Common stock
$11,315Surplus
$-2,360Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$237Long-term assets (5+ years)
$70,930Average Assets, year-to-date
$4,880Average Assets, quarterly
$67,715Volatile liabilities
$73,852Insider loans
$59,556FHLB advances
$71,365Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$7,784Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$15,313Restructured Loans and leases
$1,227Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,420Total interest income
$507Total interest expense
$2,913Net interest income
$240Provision for loan and lease losses
$128Total noninterest income
$0Fiduciary activities
$74Service charges on deposit accounts
$0Trading account gains & fees
$54Additional noninterest income
$2,519Total noninterest expense
$1,377Salaries and employee benefits
$192Premises and equipment expense
$950Additional noninterest expense
$282Pre-tax net operating income
$0Securities gains (losses)
-$1,539Applicable income taxes
$1,821Income before extraordinary items
$0Extraordinary gains - net
$1,821Net income attributable to bank
$0Net charge-offs
$1,821Cash dividends
$51Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.28%Yield on earning assets
0.78%Cost of funding earning assets
4.50%Net interest margin
0.20%Noninterest income to earning assets
3.89%Noninterest expense to earning assets
2.69%Net operating income to assets
2.69%Return on assets (ROA)
0.42%Pretax return on assets
24.27%Return on equity (ROE)
24.27%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
470.59%Credit loss provision to net charge-offs
10.24%Efficiency ratio
82,835Assets per employee
4.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.27%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
90.07%Net loans and leases to core deposits
95.09%Equity capital to assets
11.80%Core capital (leverage) ratio
10.91%Tier 1 risk-based capital ratio
13.07%Total risk-based capital ratio
Memoranda
$14Average assets
$67,715Average earning assets
$7,504Average equity
$64,731Average loans
List of branches
1 Connecticut Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
468000
Quinnipiac Bank & Trust Company
2600 Dixwell Avenue, Hamden, CT 6514
March 06, 2008
Full Service Brick and Mortar
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