Rivergreen Bank in Kennebunk, Maine (ME)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 20, 2008

Rivergreen Bank in Kennebunk, Maine (ME)
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Rivergreen Bank - Overview

General
FDIC Certificate #: 57467
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Bank of Maine (#19686)
Federal Reserve ID: 3177127
Date Established: March 13, 2003
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 363925
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: March 13, 2003
Last Structure Change Effective Date: September 20, 2008
Last Structure Change Process Date: September 26, 2008
Last Data Update: September 26, 2008
Data Source Date: April 05, 2012
Location
Address: 36 Portland Road, Kennebunk, ME 4043
County: York
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): Portland-Lewiston-South Portland, ME (#438)
Core Based Statistical Area (CBSA): Portland-South Portland-Biddeford, ME (#38860)
CBSA Metro Statistical Area: Portland-South Portland-Biddeford, ME (#38860)
Financial Summary
Total assets: $97.9 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, 2007)

Dollar figures in thousands
46Total employees (full-time equivalent)
$107,571Total assets
$4,197Cash and due from depository institutions
$842Interest-bearing balances
$5,691Securities
$4,906Federal funds sold & reverse repurchase agreements
$87,312Net loans & leases
$974Loan loss allowance
$0Trading account assets
$4,401Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,064All other assets
$107,571Total liabilities and capital
$101,536Total liabilities
$99,180Total deposits
$90,476Interest-bearing deposits
$99,180Deposits held in domestic offices
0.00%% insured (estimated)
$468Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,500Other borrowed funds
$0Subordinated debt
$388All other liabilities
$6,035Total equity capital
$6,035Total bank equity capital
$6,035Perpetual preferred stock
$0Common stock
$8Surplus
$8,562Undivided profits
Memoranda
$-2,535Noncurrent loans and leases
$19,060Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$544Earning assets
$35Long-term assets (5+ years)
$387Average Assets, year-to-date
$98,751Average Assets, quarterly
$18,539Volatile liabilities
$107,026Insider loans
$109,420FHLB advances
$22,602Loans and leases held for sale
$3,136Unused loan commitments
$1,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$19,060Total unused commitments
$0Restructured Loans and leases
$1,049Derivatives

Income and Expense (December 31, 2007)

Dollar figures in thousands
$7,888Total interest income
$4,270Total interest expense
$3,618Net interest income
$293Provision for loan and lease losses
$276Total noninterest income
$0Fiduciary activities
$119Service charges on deposit accounts
$0Trading account gains & fees
$157Additional noninterest income
$4,830Total noninterest expense
$2,722Salaries and employee benefits
$650Premises and equipment expense
$1,458Additional noninterest expense
-$1,229Pre-tax net operating income
$0Securities gains (losses)
$525Applicable income taxes
-$1,754Income before extraordinary items
$0Extraordinary gains - net
-$1,754Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$112Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2007)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.98%Yield on earning assets
4.32%Cost of funding earning assets
3.66%Net interest margin
0.28%Noninterest income to earning assets
4.89%Noninterest expense to earning assets
-1.64%Net operating income to assets
-1.64%Return on assets (ROA)
-1.15%Pretax return on assets
-25.60%Return on equity (ROE)
-25.60%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
261.61%Credit loss provision to net charge-offs
-8.36%Efficiency ratio
124,037Assets per employee
2.34%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.10%Loss allowance to noncurrent loans
179.04%Noncurrent assets plus other real estate owned to assets
0.51%Noncurrent loans to loans
0.62%Net loans and leases to deposits
88.03%Net loans and leases to core deposits
113.32%Equity capital to assets
5.61%Core capital (leverage) ratio
5.46%Tier 1 risk-based capital ratio
6.66%Total risk-based capital ratio
Memoranda
$8Average assets
$107,026Average earning assets
$6,851Average equity
$98,824Average loans

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