The Equity Bank in Wethersfield, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 01, 1999

  • The Equity Bank in Wethersfield, Connecticut (CT)
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The Equity Bank - Overview

  • General
  • FDIC Certificate #: 27036
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: Webster Bank, National Association (#18221)
    Federal Reserve ID: 450203
    Date Established: August 11, 1987
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 9260
    FDIC's unique #: 38490
    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: August 11, 1987
    Last Structure Change Effective Date: December 01, 1999
    Last Structure Change Process Date: Febuary 01, 2000
    Last Data Update: Febuary 01, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 1160 Silas Deane Highway, Wethersfield, CT 6109
    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: $118.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 1998)

  • Dollar figures in thousands
  • 21Total employees (full-time equivalent)
  • $114,977Total assets
  • $1,547Cash and due from depository institutions
  • $16Interest-bearing balances
  • $27,087Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $83,897Net loans & leases
  • $1,810Loan loss allowance
  • $0Trading account assets
  • $262Bank premises and fixed assets
  • $0Other real estate owned
  • $687Goodwill and other intangibles
  • $0Life insurance assets
  • $1,497All other assets
  • $114,977Total liabilities and capital
  • $102,183Total liabilities
  • $96,298Total deposits
  • $79,140Interest-bearing deposits
  • $96,298Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $4,921Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $964All other liabilities
  • $12,794Total equity capital
  • $12,794Total bank equity capital
  • $12,794Perpetual preferred stock
  • $0Common stock
  • $5,427Surplus
  • $4,621Undivided profits
  • Memoranda
  • $2,746Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $520Earning assets
  • $0Long-term assets (5+ years)
  • $480Average Assets, year-to-date
  • $111,000Average Assets, quarterly
  • $7,034Volatile liabilities
  • $115,093Insider loans
  • $114,631FHLB advances
  • $12,788Loans and leases held for sale
  • $1,703Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $22,009Total unused commitments
  • $0Restructured Loans and leases
  • $96,939Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $9,206Total interest income
  • $3,508Total interest expense
  • $5,698Net interest income
  • $15Provision for loan and lease losses
  • $348Total noninterest income
  • $0Fiduciary activities
  • $247Service charges on deposit accounts
  • $0Trading account gains & fees
  • $101Additional noninterest income
  • $2,510Total noninterest expense
  • $1,183Salaries and employee benefits
  • $362Premises and equipment expense
  • $965Additional noninterest expense
  • $3,521Pre-tax net operating income
  • $104Securities gains (losses)
  • $1,486Applicable income taxes
  • $2,139Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,139Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $73Sale, conversion, retirement of capital stock, net
  • $735Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.37%Yield on earning assets
  • 3.19%Cost of funding earning assets
  • 5.18%Net interest margin
  • 0.32%Noninterest income to earning assets
  • 2.28%Noninterest expense to earning assets
  • 1.80%Net operating income to assets
  • 1.86%Return on assets (ROA)
  • 3.15%Pretax return on assets
  • 17.76%Return on equity (ROE)
  • 11.66%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 20.55%Credit loss provision to net charge-offs
  • 48.44%Efficiency ratio
  • 40,490Assets per employee
  • 5.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.36%Loss allowance to loans
  • 2.11%Loss allowance to noncurrent loans
  • 348.08%Noncurrent assets plus other real estate owned to assets
  • 0.45%Noncurrent loans to loans
  • 0.61%Net loans and leases to deposits
  • 87.12%Net loans and leases to core deposits
  • 94.87%Equity capital to assets
  • 11.13%Core capital (leverage) ratio
  • 10.08%Tier 1 risk-based capital ratio
  • 11.94%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $115,093Average earning assets
  • $12,045Average equity
  • $109,967Average loans

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