FDIC Certificate #: 30021 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Union Trust Company (#9) Federal Reserve ID: 830672 Date Established: January 01, 1891 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 4561 FDIC's unique #: 42855 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: July 19, 1966 Last Structure Change Effective Date: September 29, 2000 Last Structure Change Process Date: November 20, 2000 Last Data Update: November 20, 2000 Data Source Date: April 05, 2012
Location
Address: Route One, Waldoboro, ME 4572 County: Lincoln 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
Financial Summary
Total assets: $83.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
30Total employees (full-time equivalent)
$76,718Total assets
$4,403Cash and due from depository institutions
$2,264Interest-bearing balances
$7,107Securities
$1,375Federal funds sold & reverse repurchase agreements
$60,521Net loans & leases
$464Loan loss allowance
$0Trading account assets
$1,621Bank premises and fixed assets
$0Other real estate owned
$92Goodwill and other intangibles
$0Life insurance assets
$1,599All other assets
$76,718Total liabilities and capital
$71,313Total liabilities
$58,011Total deposits
$53,567Interest-bearing deposits
$58,011Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$12,715Other borrowed funds
$0Subordinated debt
$587All other liabilities
$5,405Total equity capital
$5,405Total bank equity capital
$5,405Perpetual preferred stock
$0Common stock
$203Surplus
$1,110Undivided profits
Memoranda
$4,092Noncurrent loans and leases
$3,865Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$153Earning assets
$0Long-term assets (5+ years)
$296Average Assets, year-to-date
$71,267Average Assets, quarterly
$0Volatile liabilities
$73,441Insider loans
$76,465FHLB advances
$22,373Loans and leases held for sale
$474Unused loan commitments
$12,715Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,865Total unused commitments
$0Restructured Loans and leases
$464Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$5,416Total interest income
$2,810Total interest expense
$2,606Net interest income
$74Provision for loan and lease losses
$408Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$408Additional noninterest income
$2,293Total noninterest expense
$1,120Salaries and employee benefits
$508Premises and equipment expense
$665Additional noninterest expense
$647Pre-tax net operating income
$103Securities gains (losses)
$253Applicable income taxes
$497Income before extraordinary items
$0Extraordinary gains - net
$497Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$2Sale, conversion, retirement of capital stock, net
$145Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.94%Yield on earning assets
4.12%Cost of funding earning assets
3.82%Net interest margin
0.60%Noninterest income to earning assets
3.36%Noninterest expense to earning assets
0.58%Net operating income to assets
0.68%Return on assets (ROA)
1.02%Pretax return on assets
9.33%Return on equity (ROE)
6.60%Retained earnings to average equity (YTD only)
-0.00%Net charge-offs to loans
-3700.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
76,078Assets per employee
2.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
29.18%Loss allowance to loans
0.76%Loss allowance to noncurrent loans
303.27%Noncurrent assets plus other real estate owned to assets
0.20%Noncurrent loans to loans
0.25%Net loans and leases to deposits
104.33%Net loans and leases to core deposits
125.16%Equity capital to assets
7.05%Core capital (leverage) ratio
7.18%Tier 1 risk-based capital ratio
12.06%Total risk-based capital ratio
Memoranda
$13Average assets
$73,441Average earning assets
$5,330Average equity
$68,184Average loans
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