The Factory Point National Bank of Manchester Center in Manchester Center, Vermont (VT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 22, 2007

  • The Factory Point National Bank of Manchester Center in Manchester Center, Vermont (VT)
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The Factory Point National Bank of Manchester Center - Overview

  • General
  • FDIC Certificate #: 6274
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Berkshire Bank (#23621)
    Federal Reserve ID: 172804
    Date Established: January 01, 1883
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 7 (Interstate: No)
    OTS Docket #: 9205
    FDIC's unique #: 4238
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 22, 2007
    Last Structure Change Process Date: September 28, 2007
    Last Data Update: September 28, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Manchester Center, VT 5255
    County: Bennington
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Springfield Ma
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Core Based Statistical Area (CBSA): Bennington, VT (#13540)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $336.1 mil

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

2000 - 2011 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, 2006)

  • Dollar figures in thousands
  • 101Total employees (full-time equivalent)
  • $340,308Total assets
  • $9,290Cash and due from depository institutions
  • $146Interest-bearing balances
  • $87,936Securities
  • $49Federal funds sold & reverse repurchase agreements
  • $226,136Net loans & leases
  • $4,132Loan loss allowance
  • $0Trading account assets
  • $5,394Bank premises and fixed assets
  • $673Other real estate owned
  • $2,299Goodwill and other intangibles
  • $3,764Life insurance assets
  • $8,531All other assets
  • $340,308Total liabilities and capital
  • $311,579Total liabilities
  • $271,521Total deposits
  • $219,335Interest-bearing deposits
  • $271,521Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $19,873Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $17,853Other borrowed funds
  • $0Subordinated debt
  • $2,332All other liabilities
  • $28,729Total equity capital
  • $28,729Total bank equity capital
  • $28,729Perpetual preferred stock
  • $0Common stock
  • $750Surplus
  • $2,177Undivided profits
  • Memoranda
  • $25,802Noncurrent loans and leases
  • $59,175Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,063Earning assets
  • $245Long-term assets (5+ years)
  • $1,178Average Assets, year-to-date
  • $314,267Average Assets, quarterly
  • $91,104Volatile liabilities
  • $330,584Insider loans
  • $339,166FHLB advances
  • $62,858Loans and leases held for sale
  • $3,025Unused loan commitments
  • $17,853Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $602Total risk weighted assets
  • $59,175Total unused commitments
  • $0Restructured Loans and leases
  • $2,872Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $20,254Total interest income
  • $7,007Total interest expense
  • $13,247Net interest income
  • $390Provision for loan and lease losses
  • $3,113Total noninterest income
  • $979Fiduciary activities
  • $1,128Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,006Additional noninterest income
  • $9,880Total noninterest expense
  • $5,104Salaries and employee benefits
  • $1,733Premises and equipment expense
  • $3,043Additional noninterest expense
  • $6,090Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,552Applicable income taxes
  • $4,538Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,538Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$124Sale, conversion, retirement of capital stock, net
  • $2,693Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.66%Yield on earning assets
  • 2.31%Cost of funding earning assets
  • 4.36%Net interest margin
  • 1.02%Noninterest income to earning assets
  • 3.25%Noninterest expense to earning assets
  • 1.37%Net operating income to assets
  • 1.37%Return on assets (ROA)
  • 1.84%Pretax return on assets
  • 16.57%Return on equity (ROE)
  • 6.74%Retained earnings to average equity (YTD only)
  • -0.06%Net charge-offs to loans
  • -314.52%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 60,391Assets per employee
  • 3.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 59.34%Loss allowance to loans
  • 1.79%Loss allowance to noncurrent loans
  • 388.71%Noncurrent assets plus other real estate owned to assets
  • 0.31%Noncurrent loans to loans
  • 0.46%Net loans and leases to deposits
  • 83.28%Net loans and leases to core deposits
  • 91.91%Equity capital to assets
  • 8.44%Core capital (leverage) ratio
  • 7.98%Tier 1 risk-based capital ratio
  • 11.69%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $330,584Average earning assets
  • $27,391Average equity
  • $303,978Average loans

Total Fiduciary and Related Assets (December 31, 2006)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $121,705Managed Assets
  • 1Number of Accounts
  • $119,947Personal trust and agency accounts
  • $65,967Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $6,973Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $47,007Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 217Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,758Other retirement accounts
  • $262Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $1,496Fiduciary accounts held in foreign offices

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