The Woodstock National Bank in Woodstock, Vermont (VT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 21, 1999

The Woodstock National Bank in Woodstock, Vermont (VT)
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The Woodstock National Bank - Overview

General
FDIC Certificate #: 6295
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Vermont Bank , National Association (#14147)
Federal Reserve ID: 408204
Date Established: January 01, 1865
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
OTS Docket #: 9760
FDIC's unique #: 4248
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: May 21, 1999
Last Structure Change Process Date: June 04, 1999
Last Data Update: June 04, 1999
Data Source Date: April 05, 2012
Location
Address: 21 Elm Street, Woodstock, VT 5091
County: Windsor
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Springfield Ma
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Combined Statistical Area (CSA): Claremont-Lebanon, NH-VT (#180)
Core Based Statistical Area (CBSA): Lebanon, NH-VT (#30100)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $80.3 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, 1998)

Dollar figures in thousands
14Total employees (full-time equivalent)
$79,527Total assets
$2,312Cash and due from depository institutions
$1Interest-bearing balances
$16,169Securities
$6,635Federal funds sold & reverse repurchase agreements
$51,416Net loans & leases
$720Loan loss allowance
$0Trading account assets
$550Bank premises and fixed assets
$384Other real estate owned
$3Goodwill and other intangibles
$0Life insurance assets
$2,058All other assets
$79,527Total liabilities and capital
$74,792Total liabilities
$71,057Total deposits
$60,151Interest-bearing deposits
$71,057Deposits held in domestic offices
0.00%% insured (estimated)
$3,553Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$182All other liabilities
$4,735Total equity capital
$4,735Total bank equity capital
$4,735Perpetual preferred stock
$0Common stock
$155Surplus
$357Undivided profits
Memoranda
$4,223Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$291Earning assets
$0Long-term assets (5+ years)
$327Average Assets, year-to-date
$74,221Average Assets, quarterly
$19,039Volatile liabilities
$77,554Insider loans
$79,169FHLB advances
$6,325Loans and leases held for sale
$6Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,709Total unused commitments
$0Restructured Loans and leases
$46,544Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$5,779Total interest income
$2,586Total interest expense
$3,193Net interest income
$98Provision for loan and lease losses
$587Total noninterest income
$0Fiduciary activities
$368Service charges on deposit accounts
$0Trading account gains & fees
$219Additional noninterest income
$2,325Total noninterest expense
$564Salaries and employee benefits
$220Premises and equipment expense
$1,541Additional noninterest expense
$1,357Pre-tax net operating income
-$21Securities gains (losses)
$415Applicable income taxes
$921Income before extraordinary items
$0Extraordinary gains - net
$921Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$30Sale, conversion, retirement of capital stock, net
$1,840Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.96%Yield on earning assets
3.56%Cost of funding earning assets
4.40%Net interest margin
0.81%Noninterest income to earning assets
3.20%Noninterest expense to earning assets
1.21%Net operating income to assets
1.19%Return on assets (ROA)
1.72%Pretax return on assets
16.44%Return on equity (ROE)
-16.41%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
326.67%Credit loss provision to net charge-offs
48.50%Efficiency ratio
61,402Assets per employee
5.68%Cash dividends to net income (YTD only)
Condition Ratios (%)
199.78%Loss allowance to loans
1.38%Loss allowance to noncurrent loans
247.42%Noncurrent assets plus other real estate owned to assets
0.57%Noncurrent loans to loans
0.56%Net loans and leases to deposits
72.36%Net loans and leases to core deposits
75.30%Equity capital to assets
5.95%Core capital (leverage) ratio
5.97%Tier 1 risk-based capital ratio
9.98%Total risk-based capital ratio
Memoranda
$11Average assets
$77,554Average earning assets
$5,601Average equity
$72,558Average loans

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