The First National Bank of Litchfield in city_name, state_name

The First National Bank of Litchfield in Litchfield, Connecticut (CT)
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The First National Bank of Litchfield - Overview

General
FDIC Certificate #: 2500
Status: Inactive
Closing history: Absorption - Without Assistance
Acquiring institution: Union Savings Bank (#18190)
Federal Reserve ID: 695705
Date Established: January 01, 1814
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 9 (Interstate: No)
OTS Docket #: 10321
FDIC's unique #: 1642
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: April 07, 2010
Last Structure Change Process Date: April 19, 2010
Last Data Update: April 19, 2010
Data Source Date: April 05, 2012
Location
Address: North Street, Litchfield, CT 6759
County: Litchfield
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
Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
Core Based Statistical Area (CBSA): Torrington, CT (#45860)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $521.7 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, 2009)

Dollar figures in thousands
124Total employees (full-time equivalent)
$527,323Total assets
$26,499Cash and due from depository institutions
$278Interest-bearing balances
$95,426Securities
$0Federal funds sold & reverse repurchase agreements
$370,697Net loans & leases
$6,068Loan loss allowance
$0Trading account assets
$6,965Bank premises and fixed assets
$312Other real estate owned
$292Goodwill and other intangibles
$10,809Life insurance assets
$27,132All other assets
$527,323Total liabilities and capital
$487,933Total liabilities
$370,986Total deposits
$357,938Interest-bearing deposits
$370,986Deposits held in domestic offices
89.38%% insured (estimated)
$43,116Federal funds purchased & repurchase agreements
$0Trading liabilities
$70,047Other borrowed funds
$0Subordinated debt
$3,784All other liabilities
$39,390Total equity capital
$39,390Total bank equity capital
$39,203Perpetual preferred stock
$0Common stock
$689Surplus
$6,838Undivided profits
Memoranda
$31,676Noncurrent loans and leases
$118,744Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$187Income earned, not collected on loans
$12,432Earning assets
$0Long-term assets (5+ years)
$1,659Average Assets, year-to-date
$466,401Average Assets, quarterly
$129,013Volatile liabilities
$541,875Insider loans
$538,980FHLB advances
$126,717Loans and leases held for sale
$615Unused loan commitments
$69,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$80Total risk weighted assets
$118,744Total unused commitments
$0Restructured Loans and leases
$4,764Derivatives

Income and Expense (December 31, 2009)

Dollar figures in thousands
$25,038Total interest income
$9,193Total interest expense
$15,845Net interest income
$3,669Provision for loan and lease losses
$3,900Total noninterest income
$1,230Fiduciary activities
$1,077Service charges on deposit accounts
$0Trading account gains & fees
$1,593Additional noninterest income
$17,692Total noninterest expense
$8,475Salaries and employee benefits
$1,777Premises and equipment expense
$7,440Additional noninterest expense
-$1,616Pre-tax net operating income
$466Securities gains (losses)
-$741Applicable income taxes
-$409Income before extraordinary items
$0Extraordinary gains - net
-$542Net income attributable to bank
$133Net charge-offs
-$409Cash dividends
$1,300Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2009)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.19%Yield on earning assets
1.90%Cost of funding earning assets
3.28%Net interest margin
0.81%Noninterest income to earning assets
3.66%Noninterest expense to earning assets
-0.13%Net operating income to assets
-0.10%Return on assets (ROA)
-0.24%Pretax return on assets
-1.43%Return on equity (ROE)
-1.43%Retained earnings to average equity (YTD only)
0.34%Net charge-offs to loans
282.23%Credit loss provision to net charge-offs
1.58%Efficiency ratio
89,602Assets per employee
4.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.61%Loss allowance to noncurrent loans
48.81%Noncurrent assets plus other real estate owned to assets
2.42%Noncurrent loans to loans
3.30%Net loans and leases to deposits
99.92%Net loans and leases to core deposits
122.59%Equity capital to assets
7.43%Core capital (leverage) ratio
7.02%Tier 1 risk-based capital ratio
9.83%Total risk-based capital ratio
Memoranda
$11Average assets
$541,875Average earning assets
$37,938Average equity
$482,847Average loans

Total Fiduciary and Related Assets (December 31, 2009)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$168,616Managed Assets
1Number of Accounts
$160,888Personal trust and agency accounts
$66,275Employee benefit-defined contribution accounts
$497Employee benefit-defined benefit accounts
$9,262Other retirement accounts
$16,756Corporate trust and agency accounts
$0Investment management agency accounts
$46,545Other fiduciary accounts
$21,553Fiduciary accounts held in foreign offices
$0Non-managed Assets
317Number of Accounts
$0Personal trust and agency accounts
$16,756Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$7,728Other retirement accounts
$3,316Corporate trust and agency accounts
$2,869Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

The First National Bank of Litchfield in Litchfield, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

The First National Bank of Litchfield - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Total Fiduciary and Related Assets (December 31, 2009)

Comment about this bank, ask questions, or add new information about it:

The First National Bank of Litchfield in Litchfield, Connecticut (CT)Overview, Financial Summary, Detailed Financial Reports, Branches

The First National Bank of Litchfield - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Total Fiduciary and Related Assets (December 31, 2009)

Comment about this bank, ask questions, or add new information about it:

The First National Bank of Litchfield in Litchfield, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches