The Bank of Darien in Darien, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 31, 1996

  • The Bank of Darien in Darien, Connecticut (CT)
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The Bank of Darien - Overview

  • General
  • FDIC Certificate #: 26391
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Lafayette American Bank (#19353)
    Federal Reserve ID: 566001
    Date Established: October 07, 1985
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 9149
    FDIC's unique #: 32999
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 07, 1985
    Last Structure Change Effective Date: August 31, 1996
    Last Structure Change Process Date: September 20, 1996
    Last Data Update: September 20, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 20 West Avenue, Darien, CT 6820
    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): Stamford-Norwalk, CT (#8040)
    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)
  • Financial Summary
  • Total assets: $204.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $80Total assets
  • $229,172Cash and due from depository institutions
  • $9,931Interest-bearing balances
  • $1,051Securities
  • $108,796Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $103,407Loan loss allowance
  • $2,883Trading account assets
  • $0Bank premises and fixed assets
  • $1,268Other real estate owned
  • $603Goodwill and other intangibles
  • $4,909Life insurance assets
  • $258All other assets
  • $0Total liabilities and capital
  • $229,172Total liabilities
  • $212,915Total deposits
  • $178,495Interest-bearing deposits
  • $151,936Deposits held in domestic offices
  • 178495.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $22,116Trading liabilities
  • $0Other borrowed funds
  • $11,347Subordinated debt
  • $0All other liabilities
  • $957Total equity capital
  • $957Total bank equity capital
  • $16,257Perpetual preferred stock
  • $0Common stock
  • $2,740Surplus
  • $11,770Undivided profits
  • Memoranda
  • $1,747Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,477Income earned, not collected on loans
  • $683Earning assets
  • $213,254Long-term assets (5+ years)
  • $17,960Average Assets, year-to-date
  • $222,397Average Assets, quarterly
  • $223,347Volatile liabilities
  • $45,391Insider loans
  • $2,229FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $25,384Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $16,186Total risk weighted assets
  • $113,736Total unused commitments
  • $0Restructured Loans and leases
  • $34,000Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $15,359Total interest expense
  • $7,512Net interest income
  • $7,847Provision for loan and lease losses
  • $75Total noninterest income
  • $1,407Fiduciary activities
  • $0Service charges on deposit accounts
  • $659Trading account gains & fees
  • $0Additional noninterest income
  • $748Total noninterest expense
  • $7,335Salaries and employee benefits
  • $3,103Premises and equipment expense
  • $1,272Additional noninterest expense
  • $2,960Pre-tax net operating income
  • $1,844Securities gains (losses)
  • $26Applicable income taxes
  • $524Income before extraordinary items
  • $1,346Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,346Net charge-offs
  • $227Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.52%Cost of funding earning assets
  • 3.68%Net interest margin
  • 3.84%Noninterest income to earning assets
  • 0.69%Noninterest expense to earning assets
  • 3.59%Net operating income to assets
  • 0.60%Return on assets (ROA)
  • 0.61%Pretax return on assets
  • 0.84%Return on equity (ROE)
  • 9.36%Retained earnings to average equity (YTD only)
  • 9.36%Net charge-offs to loans
  • 0.26%Credit loss provision to net charge-offs
  • 33.04%Efficiency ratio
  • 77,037Assets per employee
  • 2.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.71%Loss allowance to noncurrent loans
  • 195.19%Noncurrent assets plus other real estate owned to assets
  • 0.91%Noncurrent loans to loans
  • 1.39%Net loans and leases to deposits
  • 57.93%Net loans and leases to core deposits
  • 62.08%Equity capital to assets
  • 7.09%Core capital (leverage) ratio
  • 7.67%Tier 1 risk-based capital ratio
  • 14.23%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $222,397Average earning assets
  • $14,373Average equity
  • $204,358Average loans

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