Shelton Savings Bank in Shelton, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 1995

  • Shelton Savings Bank in Shelton, Connecticut (CT)
  • Show street view No street view available for this location

Shelton Savings Bank - Overview

  • General
  • FDIC Certificate #: 27162
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Webster Bank, National Association (#18221)
    Federal Reserve ID: 905374
    Date Established: October 31, 1986
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 6 (Interstate: No)
    OTS Docket #: 665
    FDIC's unique #: 38995
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 31, 1986
    Last Structure Change Effective Date: November 01, 1995
    Last Structure Change Process Date: December 07, 1995
    Last Data Update: September 15, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 375 Bridgeport Avenue, Shelton, CT 6484
    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): Bridgeport, CT (#1160)
    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)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $298.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $81Total assets
  • $292,466Cash and due from depository institutions
  • $9,781Interest-bearing balances
  • $1,566Securities
  • $58,016Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $213,418Loan loss allowance
  • $1,336Trading account assets
  • $78Bank premises and fixed assets
  • $5,542Other real estate owned
  • $2,029Goodwill and other intangibles
  • $3,355Life insurance assets
  • $247All other assets
  • $0Total liabilities and capital
  • $292,466Total liabilities
  • $274,924Total deposits
  • $270,905Interest-bearing deposits
  • $250,739Deposits held in domestic offices
  • 270905.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,700Subordinated debt
  • $0All other liabilities
  • $319Total equity capital
  • $319Total bank equity capital
  • $17,542Perpetual preferred stock
  • $0Common stock
  • $1,135Surplus
  • $7,342Undivided profits
  • Memoranda
  • $9,065Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,367Income earned, not collected on loans
  • $993Earning assets
  • $273,078Long-term assets (5+ years)
  • $29,229Average Assets, year-to-date
  • $279,146Average Assets, quarterly
  • $292,137Volatile liabilities
  • $10,659Insider loans
  • $1,366FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $16,058Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $17,633Total risk weighted assets
  • $154,960Total unused commitments
  • $0Restructured Loans and leases
  • $88Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $17,570Total interest expense
  • $8,951Net interest income
  • $8,619Provision for loan and lease losses
  • $255Total noninterest income
  • $1,792Fiduciary activities
  • $66Service charges on deposit accounts
  • $828Trading account gains & fees
  • $0Additional noninterest income
  • $898Total noninterest expense
  • $6,791Salaries and employee benefits
  • $2,969Premises and equipment expense
  • $643Additional noninterest expense
  • $3,179Pre-tax net operating income
  • $3,365Securities gains (losses)
  • $29Applicable income taxes
  • $1,261Income before extraordinary items
  • $2,133Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,133Net charge-offs
  • $350Cash dividends
  • $1,203Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.79%Cost of funding earning assets
  • 3.46%Net interest margin
  • 3.33%Noninterest income to earning assets
  • 0.69%Noninterest expense to earning assets
  • 2.62%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 0.76%Pretax return on assets
  • 1.22%Return on equity (ROE)
  • 12.37%Retained earnings to average equity (YTD only)
  • 5.39%Net charge-offs to loans
  • 0.18%Credit loss provision to net charge-offs
  • 72.86%Efficiency ratio
  • 64,288Assets per employee
  • 3.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 56.40%Loss allowance to loans
  • 0.62%Loss allowance to noncurrent loans
  • 97.73%Noncurrent assets plus other real estate owned to assets
  • 0.79%Noncurrent loans to loans
  • 0.64%Net loans and leases to deposits
  • 78.78%Net loans and leases to core deposits
  • 82.01%Equity capital to assets
  • 6.00%Core capital (leverage) ratio
  • 6.11%Tier 1 risk-based capital ratio
  • 11.38%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $279,146Average earning assets
  • $17,239Average equity
  • $258,772Average loans

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