FDIC Certificate #: 26694 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Lafayette American Bank (#19353) Federal Reserve ID: 389200 Date Established: June 16, 1986 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 12946 FDIC's unique #: 35723 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: June 16, 1986 Last Structure Change Effective Date: January 08, 1998 Last Structure Change Process Date: Febuary 09, 1998 Last Data Update: Febuary 09, 1998 Data Source Date: April 05, 2012
Location
Address: 130 North Main Street, Southington, CT 6489 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)
Financial Summary
Total assets: $128.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
58Total employees (full-time equivalent)
$128,513Total assets
$7,327Cash and due from depository institutions
$21Interest-bearing balances
$32,743Securities
$2,300Federal funds sold & reverse repurchase agreements
$81,838Net loans & leases
$2,033Loan loss allowance
$0Trading account assets
$2,039Bank premises and fixed assets
$419Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,847All other assets
$128,513Total liabilities and capital
$117,193Total liabilities
$116,780Total deposits
$87,945Interest-bearing deposits
$116,780Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$413All other liabilities
$11,320Total equity capital
$11,320Total bank equity capital
$11,320Perpetual preferred stock
$0Common stock
$7,481Surplus
$1,061Undivided profits
Memoranda
$2,778Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,900Earning assets
$0Long-term assets (5+ years)
$483Average Assets, year-to-date
$116,902Average Assets, quarterly
$68,334Volatile liabilities
$131,244Insider loans
$131,327FHLB advances
$9,147Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,730Total unused commitments
$0Restructured Loans and leases
$93,182Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$10,435Total interest income
$3,665Total interest expense
$6,770Net interest income
$1,203Provision for loan and lease losses
$501Total noninterest income
$0Fiduciary activities
$363Service charges on deposit accounts
$0Trading account gains & fees
$138Additional noninterest income
$5,357Total noninterest expense
$2,514Salaries and employee benefits
$311Premises and equipment expense
$2,532Additional noninterest expense
$711Pre-tax net operating income
$11Securities gains (losses)
$395Applicable income taxes
$327Income before extraordinary items
$0Extraordinary gains - net
$327Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$709Sale, conversion, retirement of capital stock, net
$360Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.75%Yield on earning assets
3.07%Cost of funding earning assets
5.67%Net interest margin
0.42%Noninterest income to earning assets
4.49%Noninterest expense to earning assets
0.24%Net operating income to assets
0.25%Return on assets (ROA)
0.55%Pretax return on assets
2.90%Return on equity (ROE)
-0.29%Retained earnings to average equity (YTD only)
0.85%Net charge-offs to loans
169.68%Credit loss provision to net charge-offs
2.70%Efficiency ratio
73,676Assets per employee
2.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
110.09%Loss allowance to loans
2.42%Loss allowance to noncurrent loans
107.00%Noncurrent assets plus other real estate owned to assets
1.80%Noncurrent loans to loans
2.27%Net loans and leases to deposits
70.08%Net loans and leases to core deposits
76.03%Equity capital to assets
8.81%Core capital (leverage) ratio
8.51%Tier 1 risk-based capital ratio
12.05%Total risk-based capital ratio
Memoranda
$13Average assets
$131,244Average earning assets
$11,284Average equity
$119,311Average loans
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