FDIC Certificate #: 18037 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Passumpsic Savings Bank (#14134) Federal Reserve ID: 377506 Date Established: August 04, 1887 WWW:http://www.siwooganock.com Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 12799 FDIC's unique #: 11964 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: July 02, 1959 Last Structure Change Effective Date: October 18, 2006 Last Structure Change Process Date: November 01, 2006 Last Data Update: November 01, 2006 Data Source Date: April 05, 2012
Location
Address: 117 Main Street, Lancaster, NH 3584 County: Coos Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Concord Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Core Based Statistical Area (CBSA): Berlin, NH-VT (#13620) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $80.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
38Total employees (full-time equivalent)
$79,990Total assets
$2,707Cash and due from depository institutions
$167Interest-bearing balances
$2,852Securities
$593Federal funds sold & reverse repurchase agreements
$69,711Net loans & leases
$737Loan loss allowance
$0Trading account assets
$932Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,195All other assets
$79,990Total liabilities and capital
$72,838Total liabilities
$63,210Total deposits
$58,088Interest-bearing deposits
$63,210Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$9,000Other borrowed funds
$0Subordinated debt
$628All other liabilities
$7,152Total equity capital
$7,152Total bank equity capital
$7,152Perpetual preferred stock
$0Common stock
$1,662Surplus
$1,200Undivided profits
Memoranda
$4,290Noncurrent loans and leases
$4,401Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$148Earning assets
$0Long-term assets (5+ years)
$326Average Assets, year-to-date
$73,323Average Assets, quarterly
$21,834Volatile liabilities
$80,449Insider loans
$81,371FHLB advances
$7,277Loans and leases held for sale
$1,125Unused loan commitments
$9,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,401Total unused commitments
$0Restructured Loans and leases
$915Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$4,851Total interest income
$1,393Total interest expense
$3,458Net interest income
$45Provision for loan and lease losses
$337Total noninterest income
$0Fiduciary activities
$114Service charges on deposit accounts
$0Trading account gains & fees
$223Additional noninterest income
$3,164Total noninterest expense
$1,627Salaries and employee benefits
$606Premises and equipment expense
$931Additional noninterest expense
$586Pre-tax net operating income
$99Securities gains (losses)
$133Applicable income taxes
$552Income before extraordinary items
$0Extraordinary gains - net
$552Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$71Sale, conversion, retirement of capital stock, net
$112Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.49%Yield on earning assets
1.86%Cost of funding earning assets
4.63%Net interest margin
0.45%Noninterest income to earning assets
4.23%Noninterest expense to earning assets
0.59%Net operating income to assets
0.69%Return on assets (ROA)
0.85%Pretax return on assets
7.95%Return on equity (ROE)
6.34%Retained earnings to average equity (YTD only)
-0.10%Net charge-offs to loans
-63.38%Credit loss provision to net charge-offs
0.00%Efficiency ratio
83,373Assets per employee
2.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
20.29%Loss allowance to loans
1.05%Loss allowance to noncurrent loans
497.97%Noncurrent assets plus other real estate owned to assets
0.19%Noncurrent loans to loans
0.21%Net loans and leases to deposits
110.28%Net loans and leases to core deposits
120.33%Equity capital to assets
8.94%Core capital (leverage) ratio
8.43%Tier 1 risk-based capital ratio
11.12%Total risk-based capital ratio
Memoranda
$13Average assets
$80,449Average earning assets
$6,945Average equity
$74,757Average loans
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