Superior Savings of New England, National Association - Overview
General
FDIC Certificate #: 18244 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Capital One, National Association (#4297) Federal Reserve ID: 110404 Date Established: January 01, 1889 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) OTS Docket #: 8411 FDIC's unique #: 12160 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: July 01, 1960 Last Structure Change Effective Date: March 08, 2008 Last Structure Change Process Date: April 03, 2008 Last Data Update: April 03, 2008 Data Source Date: April 05, 2012
Location
Address: 45 South Main Street, Branford, CT 6405 County: New Haven Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: Atlanta 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)
Financial Summary
Total assets: $942.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
22Total employees (full-time equivalent)
$942,928Total assets
$120,441Cash and due from depository institutions
$151Interest-bearing balances
$222,435Securities
$102,586Federal funds sold & reverse repurchase agreements
$460,255Net loans & leases
$7,634Loan loss allowance
$0Trading account assets
$2,519Bank premises and fixed assets
$0Other real estate owned
$6,673Goodwill and other intangibles
$0Life insurance assets
$28,019All other assets
$942,928Total liabilities and capital
$878,742Total liabilities
$762,229Total deposits
$579,630Interest-bearing deposits
$762,229Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$116,513All other liabilities
$64,186Total equity capital
$64,186Total bank equity capital
$64,186Perpetual preferred stock
$0Common stock
$100Surplus
$58,640Undivided profits
Memoranda
$5,446Noncurrent loans and leases
$90,128Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,552Earning assets
$0Long-term assets (5+ years)
$6,846Average Assets, year-to-date
$785,427Average Assets, quarterly
$70,508Volatile liabilities
$947,971Insider loans
$905,762FHLB advances
$58,455Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$90,128Total unused commitments
$0Restructured Loans and leases
$4,767Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$52,411Total interest income
$36,449Total interest expense
$15,962Net interest income
$6,363Provision for loan and lease losses
$219Total noninterest income
$0Fiduciary activities
$172Service charges on deposit accounts
$0Trading account gains & fees
$47Additional noninterest income
$2,771Total noninterest expense
$996Salaries and employee benefits
$608Premises and equipment expense
$1,167Additional noninterest expense
$7,047Pre-tax net operating income
$0Securities gains (losses)
$2,516Applicable income taxes
$4,531Income before extraordinary items
$0Extraordinary gains - net
$4,531Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$35Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.85%Yield on earning assets
4.07%Cost of funding earning assets
1.78%Net interest margin
0.02%Noninterest income to earning assets
0.31%Noninterest expense to earning assets
0.48%Net operating income to assets
0.48%Return on assets (ROA)
0.74%Pretax return on assets
7.35%Return on equity (ROE)
7.35%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
18180.00%Credit loss provision to net charge-offs
383.14%Efficiency ratio
15,660Assets per employee
42.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.63%Loss allowance to noncurrent loans
299.14%Noncurrent assets plus other real estate owned to assets
0.27%Noncurrent loans to loans
0.55%Net loans and leases to deposits
60.38%Net loans and leases to core deposits
65.40%Equity capital to assets
6.81%Core capital (leverage) ratio
6.71%Tier 1 risk-based capital ratio
15.07%Total risk-based capital ratio
Memoranda
$16Average assets
$947,971Average earning assets
$61,667Average equity
$895,743Average loans
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Superior Savings of New England, National Association
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