FDIC Certificate #: 34650 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Connecticut Community Bank, National Association (#34876) Federal Reserve ID: 2611709 Date Established: Febuary 06, 1998 WWW:http://www.greenwichbankandtrust.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 3 (Interstate: No) FDIC's unique #: 61027 Numeric code: 13 Regulator: FED 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: Febuary 06, 1998 Last Structure Change Effective Date: December 01, 2003 Last Structure Change Process Date: January 14, 2004 Last Data Update: January 14, 2004 Data Source Date: April 05, 2012
Location
Address: 115 East Putnam Avenue, Greenwich, CT 6830 County: Fairfield 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): Stamford-Norwalk, CT (#8040) 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): Bridgeport-Stamford-Norwalk, CT (#14860) CBSA Metro Statistical Area: Bridgeport-Stamford-Norwalk, CT (#14860)
Financial Summary
Total assets: $99.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
24Total employees (full-time equivalent)
$76,299Total assets
$2,311Cash and due from depository institutions
$20Interest-bearing balances
$4,201Securities
$0Federal funds sold & reverse repurchase agreements
$66,243Net loans & leases
$762Loan loss allowance
$0Trading account assets
$612Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,932All other assets
$76,299Total liabilities and capital
$67,526Total liabilities
$65,146Total deposits
$51,354Interest-bearing deposits
$65,146Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,000Other borrowed funds
$0Subordinated debt
$380All other liabilities
$8,773Total equity capital
$8,773Total bank equity capital
$8,773Perpetual preferred stock
$0Common stock
$1,119Surplus
$10,044Undivided profits
Memoranda
$-2,390Noncurrent loans and leases
$21,196Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$34Earning assets
$0Long-term assets (5+ years)
$337Average Assets, year-to-date
$70,464Average Assets, quarterly
$5,073Volatile liabilities
$71,978Insider loans
$72,840FHLB advances
$6,405Loans and leases held for sale
$400Unused loan commitments
$2,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$21,196Total unused commitments
$0Restructured Loans and leases
$762Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$4,114Total interest income
$1,032Total interest expense
$3,082Net interest income
$274Provision for loan and lease losses
$253Total noninterest income
$0Fiduciary activities
$214Service charges on deposit accounts
$0Trading account gains & fees
$39Additional noninterest income
$2,922Total noninterest expense
$1,480Salaries and employee benefits
$732Premises and equipment expense
$710Additional noninterest expense
$139Pre-tax net operating income
$60Securities gains (losses)
-$1,315Applicable income taxes
$1,514Income before extraordinary items
$0Extraordinary gains - net
$1,514Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$52Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.15%Yield on earning assets
1.54%Cost of funding earning assets
4.61%Net interest margin
0.38%Noninterest income to earning assets
4.37%Noninterest expense to earning assets
2.02%Net operating income to assets
2.10%Return on assets (ROA)
0.28%Pretax return on assets
19.97%Return on equity (ROE)
19.97%Retained earnings to average equity (YTD only)
0.09%Net charge-offs to loans
526.92%Credit loss provision to net charge-offs
7.94%Efficiency ratio
87,616Assets per employee
3.18%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.14%Loss allowance to noncurrent loans
2241.18%Noncurrent assets plus other real estate owned to assets
0.04%Noncurrent loans to loans
0.05%Net loans and leases to deposits
101.68%Net loans and leases to core deposits
110.88%Equity capital to assets
11.50%Core capital (leverage) ratio
10.30%Tier 1 risk-based capital ratio
11.29%Total risk-based capital ratio
Memoranda
$12Average assets
$71,978Average earning assets
$7,582Average equity
$66,844Average loans
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