The Milford Bank in city_name, state_name - Detailed Financial Reports, Location

The Milford Bank in Milford, Connecticut (CT)
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The Milford Bank routing number info

The Milford Bank - Overview

General
FDIC Certificate #: 16101
Status: Active
Federal Reserve ID: 258306
Date Established: January 01, 1872
WWW: http://www.milfordbank.com
Trust Powers Granted: No
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 9 (Domestic: 9, Interstate: No)
OTS Docket #: 7458
FDIC's unique #: 10318
Numeric code: 42
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: November 17, 1943
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 33 Broad Street, Milford, CT 6460
County: New Haven
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): Bridgeport, CT (#1160)
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): New Haven-Milford, CT (#35300)
CBSA Metro Statistical Area: New Haven-Milford, CT (#35300)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $371.8 mil
Equity capital: $39.2 mil
Deposits held in domestic offices: $326.3 mil
Return on assets (ROA): 0.39% ($1.5 mil)
Quarterly return on assets: 0.48% ($1.8 mil)
Return on Equity (ROE): 3.68% ($1.4 mil)
Quarterly return on equity: 4.48% ($1.7 mil)
Net income: $1.4 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 0.54% ($2,007.5 mil)
Quarterly Pretax return on assets: 0.68% ($2,528.0 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, 2011)

Dollar figures in thousands
97Total employees (full-time equivalent)
$371,765Total assets
$22,191Cash and due from depository institutions
$13,915Interest-bearing balances
$28,916Securities
$10Federal funds sold & reverse repurchase agreements
$291,182Net loans & leases
$3,843Loan loss allowance
$0Trading account assets
$7,407Bank premises and fixed assets
$3,048Other real estate owned
$720Goodwill and other intangibles
$371,765Life insurance assets
$18,291All other assets
$332,524Total liabilities and capital
$326,348Total liabilities
$282,588Total deposits
$326,348Interest-bearing deposits
$91Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$450Trading liabilities
$0Other borrowed funds
$5,726Subordinated debt
$39,241All other liabilities
$39,241Total equity capital
$39,241Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$3,888Surplus
$35,353Undivided profits
Memoranda
$0Noncurrent loans and leases
$435Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$7,876Income earned, not collected on loans
$0Earning assets
$1,176Long-term assets (5+ years)
$334,023Average Assets, year-to-date
$155,359Average Assets, quarterly
$372,879Volatile liabilities
$371,828Insider loans
$261,615FHLB advances
$375,864Loans and leases held for sale
$9,796Unused loan commitments
$5,369Tier 1 (core) risk-based capital
$40,879Tier 2 risk-based capital
$0Total risk weighted assets
$4,427Total unused commitments
$33,182Restructured Loans and leases
$269Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$15,233Total interest income
$2,327Total interest expense
$12,906Net interest income
$332Provision for loan and lease losses
$2,379Total noninterest income
$0Fiduciary activities
$673Service charges on deposit accounts
$0Trading account gains & fees
$1,706Additional noninterest income
$12,977Total noninterest expense
$6,926Salaries and employee benefits
$1,937Premises and equipment expense
$4,114Additional noninterest expense
$1,976Pre-tax net operating income
$46Securities gains (losses)
$577Applicable income taxes
$1,445Income before extraordinary items
$0Extraordinary gains - net
$1,445Net income attributable to bank
$0Net charge-offs
$1,445Cash dividends
$1,127Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.53%Yield on earning assets
0.69%Cost of funding earning assets
3.84%Net interest margin
0.71%Noninterest income to earning assets
3.86%Noninterest expense to earning assets
0.38%Net operating income to assets
0.39%Return on assets (ROA)
0.54%Pretax return on assets
3.68%Return on equity (ROE)
3.68%Retained earnings to average equity (YTD only)
0.38%Net charge-offs to loans
29.46%Credit loss provision to net charge-offs
2.05%Efficiency ratio
84,900Assets per employee
3.83%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.30%Loss allowance to noncurrent loans
48.79%Noncurrent assets plus other real estate owned to assets
2.94%Noncurrent loans to loans
2.67%Net loans and leases to deposits
89.22%Net loans and leases to core deposits
91.95%Equity capital to assets
10.56%Core capital (leverage) ratio
10.88%Tier 1 risk-based capital ratio
15.63%Total risk-based capital ratio
Memoranda
$17Average assets
$372,879Average earning assets
$39,260Average equity
$336,033Average loans

List of branches

9 Connecticut Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	10318	The Milford Bank	33 Broad Street, Milford, CT 6460	January 01, 1872	Full Service Brick and Mortar
1	237275	Woodmont Branch	259 Merwin Avenue, Milford, CT 6460	June 23, 1979	Full Service Brick and Mortar
2	237276	Devon Branch	205 Bridgeport Avenue, Milford, CT 6460	April 18, 1990	Full Service Brick and Mortar
3	237277	Depot Street Branch	9 Depot Street, Milford, CT 6460	April 21, 1997	Limited Service Administrative
4	366072	Boston Post Road Branch	1455 Boston Post Road, Milford, CT 6460	January 15, 2003	Full Service Brick and Mortar
5	452986	New Haven Lpo Branch	142 Temple Street-Suite 306, New Haven, CT 6510	September 12, 2005	Limited Service Administrative
6	466135	Stratford Branch	2366 Main Street, Stratford, CT 6615	March 19, 2007	Full Service Brick and Mortar
7	509269	295 Boston Post Road Branch	295 Boston Post Road, Milford, CT 6460	May 21, 2010	Full Service Brick and Mortar
8	526219	Barnum Avenue Stratford Branch	250 Barnum Avenue, Stratford, CT 6614	October 05, 2011	Full Service Retail

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

The Milford Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

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

The Milford Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

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