The Savings Bank of Manchester in Manchester, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 2004

  • The Savings Bank of Manchester in Manchester, Connecticut (CT)
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The Savings Bank of Manchester - Overview

  • General
  • FDIC Certificate #: 17942
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: NewAlliance Bank (#18261)
    Federal Reserve ID: 514909
    Date Established: May 11, 1905
    WWW: http://www.sbmct.com
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 28 (Interstate: No)
    OTS Docket #: 1277
    FDIC's unique #: 11876
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 02, 1959
    Last Structure Change Effective Date: April 01, 2004
    Last Structure Change Process Date: April 16, 2004
    Last Data Update: April 16, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 923 Main Street, Manchester, CT 6040
    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: $2,527.4 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, 2003)

  • Dollar figures in thousands
  • 477Total employees (full-time equivalent)
  • $2,551,658Total assets
  • $43,190Cash and due from depository institutions
  • $4Interest-bearing balances
  • $697,869Securities
  • $2,633Federal funds sold & reverse repurchase agreements
  • $1,670,671Net loans & leases
  • $16,543Loan loss allowance
  • $0Trading account assets
  • $15,480Bank premises and fixed assets
  • $112Other real estate owned
  • $28,075Goodwill and other intangibles
  • $0Life insurance assets
  • $93,628All other assets
  • $2,551,658Total liabilities and capital
  • $2,340,847Total liabilities
  • $1,638,799Total deposits
  • $1,573,355Interest-bearing deposits
  • $1,638,799Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $123,050Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $543,335Other borrowed funds
  • $0Subordinated debt
  • $35,663All other liabilities
  • $210,811Total equity capital
  • $210,811Total bank equity capital
  • $210,811Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $51,781Undivided profits
  • Memoranda
  • $159,030Noncurrent loans and leases
  • $242,297Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $6,433Earning assets
  • $21Long-term assets (5+ years)
  • $10,647Average Assets, year-to-date
  • $2,371,177Average Assets, quarterly
  • $1,048,727Volatile liabilities
  • $2,571,680Insider loans
  • $2,558,613FHLB advances
  • $395,448Loans and leases held for sale
  • $7,638Unused loan commitments
  • $543,335Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $718Total risk weighted assets
  • $242,297Total unused commitments
  • $0Restructured Loans and leases
  • $16,543Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $129,931Total interest income
  • $48,108Total interest expense
  • $81,823Net interest income
  • $1,275Provision for loan and lease losses
  • $18,399Total noninterest income
  • $0Fiduciary activities
  • $9,436Service charges on deposit accounts
  • $0Trading account gains & fees
  • $8,963Additional noninterest income
  • $52,516Total noninterest expense
  • $30,272Salaries and employee benefits
  • $7,183Premises and equipment expense
  • $15,061Additional noninterest expense
  • $46,431Pre-tax net operating income
  • $5,259Securities gains (losses)
  • $17,751Applicable income taxes
  • $33,939Income before extraordinary items
  • $0Extraordinary gains - net
  • $33,939Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $904Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.44%Yield on earning assets
  • 2.01%Cost of funding earning assets
  • 3.42%Net interest margin
  • 0.77%Noninterest income to earning assets
  • 2.20%Noninterest expense to earning assets
  • 1.18%Net operating income to assets
  • 1.32%Return on assets (ROA)
  • 2.01%Pretax return on assets
  • 14.75%Return on equity (ROE)
  • 14.75%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 141.04%Credit loss provision to net charge-offs
  • 52.77%Efficiency ratio
  • 50,828Assets per employee
  • 5.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.98%Loss allowance to noncurrent loans
  • 257.16%Noncurrent assets plus other real estate owned to assets
  • 0.26%Noncurrent loans to loans
  • 0.38%Net loans and leases to deposits
  • 101.94%Net loans and leases to core deposits
  • 107.20%Equity capital to assets
  • 8.26%Core capital (leverage) ratio
  • 7.19%Tier 1 risk-based capital ratio
  • 11.03%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $2,571,680Average earning assets
  • $230,030Average equity
  • $2,389,147Average loans

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