The Bank of Hartford, Inc. in Hartford, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 10, 1994

  • The Bank of Hartford, Inc. in Hartford, Connecticut (CT)
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The Bank of Hartford, Inc. - Overview

  • General
  • FDIC Certificate #: 26909
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Eagle Bank (#28052)
    Federal Reserve ID: 653479
    Date Established: Febuary 01, 1933
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 7 (Interstate: No)
    OTS Docket #: 551
    FDIC's unique #: 36257
    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: Febuary 23, 1987
    Last Structure Change Effective Date: June 10, 1994
    Last Structure Change Process Date: June 15, 1994
    Last Data Update: June 15, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 108 Farmington Avenue, Hartford, CT 6105
    County: Hartford
    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): Hartford, CT (#3280)
    Combined Statistical Area (CSA): Hartford-West Hartford-Willimantic, CT (#278)
    Core Based Statistical Area (CBSA): Hartford-West Hartford-East Hartford, CT (#25540)
    CBSA Metro Statistical Area: Hartford-West Hartford-East Hartford, CT (#25540)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $321.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $113Total assets
  • $329,204Cash and due from depository institutions
  • $10,251Interest-bearing balances
  • $6,380Securities
  • $116,538Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $188,165Loan loss allowance
  • $10,633Trading account assets
  • $0Bank premises and fixed assets
  • $1,617Other real estate owned
  • $9,619Goodwill and other intangibles
  • $3,014Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $329,204Total liabilities
  • $329,204Total deposits
  • $271,691Interest-bearing deposits
  • $263,796Deposits held in domestic offices
  • 271691.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $47,783Subordinated debt
  • $0All other liabilities
  • $9,730Total equity capital
  • $9,730Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $28,436Undivided profits
  • Memoranda
  • $-29,436Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $24,942Income earned, not collected on loans
  • $1,274Earning assets
  • $311,083Long-term assets (5+ years)
  • $155,845Average Assets, year-to-date
  • $346,548Average Assets, quarterly
  • $329,730Volatile liabilities
  • $57,829Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $557Unused loan commitments
  • $18,176Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $195,401Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $24,867Total interest expense
  • $13,919Net interest income
  • $10,948Provision for loan and lease losses
  • $11,620Total noninterest income
  • $2,862Fiduciary activities
  • $0Service charges on deposit accounts
  • $202Trading account gains & fees
  • $0Additional noninterest income
  • $2,660Total noninterest expense
  • $19,646Salaries and employee benefits
  • $4,230Premises and equipment expense
  • $1,345Additional noninterest expense
  • $14,071Pre-tax net operating income
  • -$17,456Securities gains (losses)
  • $2,654Applicable income taxes
  • $53Income before extraordinary items
  • -$14,855Extraordinary gains - net
  • -$7,652Net income attributable to bank
  • -$22,507Net charge-offs
  • $8,604Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.69%Cost of funding earning assets
  • 4.31%Net interest margin
  • 3.39%Noninterest income to earning assets
  • 0.89%Noninterest expense to earning assets
  • 6.08%Net operating income to assets
  • -5.05%Return on assets (ROA)
  • -6.49%Pretax return on assets
  • -6.48%Return on equity (ROE)
  • -146.12%Retained earnings to average equity (YTD only)
  • -146.12%Net charge-offs to loans
  • 4.03%Credit loss provision to net charge-offs
  • 135.05%Efficiency ratio
  • 142,259Assets per employee
  • 2.91%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.35%Loss allowance to noncurrent loans
  • 42.63%Noncurrent assets plus other real estate owned to assets
  • 10.50%Noncurrent loans to loans
  • 12.55%Net loans and leases to deposits
  • 69.26%Net loans and leases to core deposits
  • 72.10%Equity capital to assets
  • 0.00%Core capital (leverage) ratio
  • 0.00%Tier 1 risk-based capital ratio
  • 0.00%Total risk-based capital ratio
  • Memoranda
  • $0Average assets
  • $346,548Average earning assets
  • $15,403Average equity
  • $323,302Average loans

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