FDIC Certificate #: 35485 Status: Active Federal Reserve ID: 2922674 Date Established: July 05, 2000 WWW:http://www.talbots.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 80569 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: No Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion Date of Deposit Insurance: July 05, 2000 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 4 Blackstone Valley Place, Suite 1, Lincoln, RI 2865 County: Providence Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: South Boston Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Providence-Fall River-Warwick, RI-MA (#6480) Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148) Core Based Statistical Area (CBSA): Providence-New Bedford-Fall River, RI-MA (#39300) CBSA Metro Statistical Area: Providence-New Bedford-Fall River, RI-MA (#39300)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $8.6 mil Equity capital: $2.6 mil Deposits held in domestic offices: $5.5 mil Return on assets (ROA): 0.79% ($0.1 mil) Quarterly return on assets: 5.53% ($0.5 mil) Return on Equity (ROE): 2.34% ($0.1 mil) Quarterly return on equity: 18.58% ($0.6 mil) Net income: $0.1 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.15% ($99.3 mil) Quarterly Pretax return on assets: 4.78% ($412.8 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
6Total employees (full-time equivalent)
$8,637Total assets
$8,326Cash and due from depository institutions
$0Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$20Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$8,637Life insurance assets
$291All other assets
$6,037Total liabilities and capital
$5,500Total liabilities
$0Total deposits
$5,500Interest-bearing deposits
$5Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$537Subordinated debt
$2,600All other liabilities
$2,600Total equity capital
$2,600Total bank equity capital
$0Perpetual preferred stock
$200Common stock
$1,800Surplus
$600Undivided 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
$0Long-term assets (5+ years)
$0Average Assets, year-to-date
$0Average Assets, quarterly
$10,193Volatile liabilities
$8,534Insider loans
$1,976FHLB advances
$9,416Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$2,600Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$9,155,141Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
-$17Total interest income
$0Total interest expense
-$17Net interest income
$0Provision for loan and lease losses
$4,506Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$4,506Additional noninterest income
$4,372Total noninterest expense
$696Salaries and employee benefits
$172Premises and equipment expense
$3,504Additional noninterest expense
$117Pre-tax net operating income
$0Securities gains (losses)
$36Applicable income taxes
$81Income before extraordinary items
$0Extraordinary gains - net
$81Net income attributable to bank
$0Net charge-offs
$81Cash dividends
$0Sale, conversion, retirement of capital stock, net
$1,500Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
-35.71%Yield on earning assets
0.00%Cost of funding earning assets
-35.71%Net interest margin
9466.39%Noninterest income to earning assets
9184.87%Noninterest expense to earning assets
0.79%Net operating income to assets
0.79%Return on assets (ROA)
1.15%Pretax return on assets
2.34%Return on equity (ROE)
-41.04%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
97,394Assets per employee
1.44%Cash dividends to net income (YTD only)
Condition Ratios (%)
1851.85%Loss allowance to loans
0.00%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
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
30.10%Core capital (leverage) ratio
27.61%Tier 1 risk-based capital ratio
131.58%Total risk-based capital ratio
Memoranda
$132Average assets
$10,193Average earning assets
$3,457Average equity
$48Average loans
List of branches
1 Rhode Island Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
80569
Talbots Classics National Bank
4 Blackstone Valley Place, Suite 1, Lincoln, RI 2865
July 05, 2000
Full Service Brick and Mortar
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