FDIC Certificate #: 17945 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Lafayette American Bank (#19353) Federal Reserve ID: 69409 Date Established: January 02, 1959 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 11 (Interstate: No) OTS Docket #: 6881 FDIC's unique #: 11879 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: January 02, 1959 Last Structure Change Effective Date: August 21, 1998 Last Structure Change Process Date: September 02, 1998 Last Data Update: September 02, 1998 Data Source Date: April 05, 2012
Location
Address: 2 North Main Street, Wallingford, CT 6492 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: $1,018.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
147Total employees (full-time equivalent)
$958,914Total assets
$17,762Cash and due from depository institutions
$8,746Interest-bearing balances
$540,574Securities
$18,670Federal funds sold & reverse repurchase agreements
$361,153Net loans & leases
$12,352Loan loss allowance
$0Trading account assets
$4,474Bank premises and fixed assets
$481Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$15,800All other assets
$958,914Total liabilities and capital
$881,722Total liabilities
$815,513Total deposits
$769,036Interest-bearing deposits
$815,513Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$59,913Other borrowed funds
$0Subordinated debt
$6,296All other liabilities
$77,192Total equity capital
$77,192Total bank equity capital
$77,192Perpetual preferred stock
$0Common stock
$5,291Surplus
$61,743Undivided profits
Memoranda
$10,158Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,370Earning assets
$82Long-term assets (5+ years)
$2,084Average Assets, year-to-date
$929,143Average Assets, quarterly
$449,850Volatile liabilities
$862,486Insider loans
$939,394FHLB advances
$83,526Loans and leases held for sale
$186Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$37,858Total unused commitments
$0Restructured Loans and leases
$388,837Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$62,986Total interest income
$34,604Total interest expense
$28,382Net interest income
$200Provision for loan and lease losses
$1,922Total noninterest income
$0Fiduciary activities
$1,387Service charges on deposit accounts
$0Trading account gains & fees
$535Additional noninterest income
$13,133Total noninterest expense
$6,756Salaries and employee benefits
$1,892Premises and equipment expense
$4,485Additional noninterest expense
$16,971Pre-tax net operating income
$195Securities gains (losses)
$70Applicable income taxes
$17,096Income before extraordinary items
$0Extraordinary gains - net
$17,096Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$777Sale, conversion, retirement of capital stock, net
$1,617Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.55%Yield on earning assets
4.15%Cost of funding earning assets
3.40%Net interest margin
0.23%Noninterest income to earning assets
1.57%Noninterest expense to earning assets
1.96%Net operating income to assets
1.98%Return on assets (ROA)
1.99%Pretax return on assets
25.24%Return on equity (ROE)
22.85%Retained earnings to average equity (YTD only)
0.20%Net charge-offs to loans
25.74%Credit loss provision to net charge-offs
22.10%Efficiency ratio
43,338Assets per employee
6.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
9.46%Loss allowance to loans
3.31%Loss allowance to noncurrent loans
521.18%Noncurrent assets plus other real estate owned to assets
0.30%Noncurrent loans to loans
0.63%Net loans and leases to deposits
44.29%Net loans and leases to core deposits
47.59%Equity capital to assets
8.05%Core capital (leverage) ratio
8.17%Tier 1 risk-based capital ratio
19.70%Total risk-based capital ratio
Memoranda
$21Average assets
$862,486Average earning assets
$67,746Average equity
$834,014Average loans
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