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

This bank is inactive as of August 28, 1997

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

  • General
  • FDIC Certificate #: 22844
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens Bank of Connecticut (#18197)
    Federal Reserve ID: 352905
    Date Established: April 16, 1979
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Interstate: No)
    OTS Docket #: 9116
    FDIC's unique #: 15960
    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: April 16, 1979
    Last Structure Change Effective Date: August 28, 1997
    Last Structure Change Process Date: September 11, 1997
    Last Data Update: September 11, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 209 Church Street, New Haven, CT 6510
    County: New Haven
    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): 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: $352.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $149Total assets
  • $342,195Cash and due from depository institutions
  • $21,044Interest-bearing balances
  • $21Securities
  • $63,825Federal funds sold & reverse repurchase agreements
  • $6,436Net loans & leases
  • $234,409Loan loss allowance
  • $4,696Trading account assets
  • $0Bank premises and fixed assets
  • $4,335Other real estate owned
  • $559Goodwill and other intangibles
  • $11,587Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $342,195Total liabilities
  • $316,672Total deposits
  • $298,997Interest-bearing deposits
  • $239,644Deposits held in domestic offices
  • 298997.00%% insured (estimated)
  • $86Federal funds purchased & repurchase agreements
  • $4,741Trading liabilities
  • $0Other borrowed funds
  • $11,922Subordinated debt
  • $0All other liabilities
  • $1,012Total equity capital
  • $1,012Total bank equity capital
  • $25,523Perpetual preferred stock
  • $0Common stock
  • $4,011Surplus
  • $34,051Undivided profits
  • Memoranda
  • $-12,539Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,294Income earned, not collected on loans
  • $1,420Earning assets
  • $304,691Long-term assets (5+ years)
  • $24,406Average Assets, year-to-date
  • $314,056Average Assets, quarterly
  • $331,567Volatile liabilities
  • $27,905Insider loans
  • $4,984FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $19,790Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $18,367Total risk weighted assets
  • $231,582Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $22,764Total interest expense
  • $9,929Net interest income
  • $12,835Provision for loan and lease losses
  • $1,964Total noninterest income
  • $3,166Fiduciary activities
  • $0Service charges on deposit accounts
  • $2,225Trading account gains & fees
  • $0Additional noninterest income
  • $941Total noninterest expense
  • $11,894Salaries and employee benefits
  • $6,018Premises and equipment expense
  • $2,173Additional noninterest expense
  • $3,703Pre-tax net operating income
  • $2,143Securities gains (losses)
  • $7Applicable income taxes
  • -$7,807Income before extraordinary items
  • $9,957Extraordinary gains - net
  • $0Net income attributable to bank
  • $9,957Net charge-offs
  • $3,161Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.07%Cost of funding earning assets
  • 3.52%Net interest margin
  • 4.55%Noninterest income to earning assets
  • 1.12%Noninterest expense to earning assets
  • 4.22%Net operating income to assets
  • 3.17%Return on assets (ROA)
  • 3.17%Pretax return on assets
  • 0.68%Return on equity (ROE)
  • 50.63%Retained earnings to average equity (YTD only)
  • 50.63%Net charge-offs to loans
  • 1.45%Credit loss provision to net charge-offs
  • 62.13%Efficiency ratio
  • 74,333Assets per employee
  • 2.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.96%Loss allowance to noncurrent loans
  • 109.36%Noncurrent assets plus other real estate owned to assets
  • 1.42%Noncurrent loans to loans
  • 1.80%Net loans and leases to deposits
  • 78.40%Net loans and leases to core deposits
  • 83.07%Equity capital to assets
  • 7.46%Core capital (leverage) ratio
  • 5.72%Tier 1 risk-based capital ratio
  • 7.93%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $314,056Average earning assets
  • $19,664Average equity
  • $282,167Average loans

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