FDIC Certificate #: 19702 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Massachusetts Bank, National Association (#34136) Federal Reserve ID: 1013708 Date Established: September 19, 1919 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Interstate: No) OTS Docket #: 9604 FDIC's unique #: 13501 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: May 11, 1967 Last Structure Change Effective Date: May 12, 2000 Last Structure Change Process Date: June 13, 2000 Last Data Update: June 13, 2000 Data Source Date: April 05, 2012
Location
Address: 2461 Main Street, Glastonbury, CT 6033 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: $349.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
67Total employees (full-time equivalent)
$341,086Total assets
$11,668Cash and due from depository institutions
$0Interest-bearing balances
$124,316Securities
$1,998Federal funds sold & reverse repurchase agreements
$188,441Net loans & leases
$3,779Loan loss allowance
$0Trading account assets
$6,613Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$8,050All other assets
$341,086Total liabilities and capital
$319,065Total liabilities
$218,039Total deposits
$164,303Interest-bearing deposits
$218,039Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$98,000Other borrowed funds
$0Subordinated debt
$3,026All other liabilities
$22,021Total equity capital
$22,021Total bank equity capital
$22,021Perpetual preferred stock
$0Common stock
$4,575Surplus
$7,083Undivided profits
Memoranda
$10,363Noncurrent loans and leases
$79,013Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$105Earning assets
$0Long-term assets (5+ years)
$1,015Average Assets, year-to-date
$314,755Average Assets, quarterly
$98,789Volatile liabilities
$324,100Insider loans
$340,243FHLB advances
$35,096Loans and leases held for sale
$3,756Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$79,013Total unused commitments
$41Restructured Loans and leases
$2,838Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$21,498Total interest income
$9,759Total interest expense
$11,739Net interest income
$500Provision for loan and lease losses
$4,538Total noninterest income
$0Fiduciary activities
$737Service charges on deposit accounts
$0Trading account gains & fees
$3,801Additional noninterest income
$9,188Total noninterest expense
$3,381Salaries and employee benefits
$1,574Premises and equipment expense
$4,233Additional noninterest expense
$6,589Pre-tax net operating income
$0Securities gains (losses)
$2,138Applicable income taxes
$4,451Income before extraordinary items
$0Extraordinary gains - net
$4,451Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$147Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.21%Yield on earning assets
3.27%Cost of funding earning assets
3.94%Net interest margin
1.52%Noninterest income to earning assets
3.08%Noninterest expense to earning assets
1.37%Net operating income to assets
1.37%Return on assets (ROA)
2.03%Pretax return on assets
21.11%Return on equity (ROE)
21.11%Retained earnings to average equity (YTD only)
-0.08%Net charge-offs to loans
-340.14%Credit loss provision to net charge-offs
0.00%Efficiency ratio
56,448Assets per employee
5.09%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.97%Loss allowance to noncurrent loans
3599.05%Noncurrent assets plus other real estate owned to assets
0.03%Noncurrent loans to loans
0.05%Net loans and leases to deposits
86.43%Net loans and leases to core deposits
92.40%Equity capital to assets
6.46%Core capital (leverage) ratio
7.13%Tier 1 risk-based capital ratio
10.61%Total risk-based capital ratio
Memoranda
$12Average assets
$324,100Average earning assets
$21,086Average equity
$298,048Average loans
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