FDIC Certificate #: 18205 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:NewAlliance Bank (#18261) Federal Reserve ID: 61001 Date Established: January 01, 1841 WWW:http://www.newalliancebank.com Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 10 (Interstate: No) OTS Docket #: 7925 FDIC's unique #: 12125 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes FDIC Insured: Yes Insured Savings Institution: Yes State Chartered: Yes Date of Deposit Insurance: July 01, 1960 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: 348 Hartford Turnpike, Vernon Rockville, CT 6066 County: Tolland 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: $426.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
112Total employees (full-time equivalent)
$436,678Total assets
$14,824Cash and due from depository institutions
$2Interest-bearing balances
$107,337Securities
$20,000Federal funds sold & reverse repurchase agreements
$273,576Net loans & leases
$4,175Loan loss allowance
$0Trading account assets
$6,365Bank premises and fixed assets
$0Other real estate owned
$49Goodwill and other intangibles
$0Life insurance assets
$14,527All other assets
$436,678Total liabilities and capital
$399,318Total liabilities
$339,279Total deposits
$303,026Interest-bearing deposits
$339,279Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$51,052Other borrowed funds
$0Subordinated debt
$8,987All other liabilities
$37,360Total equity capital
$37,360Total bank equity capital
$37,360Perpetual preferred stock
$0Common stock
$5,000Surplus
$12,713Undivided profits
Memoranda
$19,647Noncurrent loans and leases
$53,088Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$6,568Earning assets
$0Long-term assets (5+ years)
$2,038Average Assets, year-to-date
$400,915Average Assets, quarterly
$57,900Volatile liabilities
$424,862Insider loans
$430,183FHLB advances
$25,394Loans and leases held for sale
$1,696Unused loan commitments
$51,052Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,399Total risk weighted assets
$53,088Total unused commitments
$0Restructured Loans and leases
$3,699Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$22,134Total interest income
$8,639Total interest expense
$13,495Net interest income
$103Provision for loan and lease losses
$3,229Total noninterest income
$0Fiduciary activities
$972Service charges on deposit accounts
$0Trading account gains & fees
$2,257Additional noninterest income
$10,776Total noninterest expense
$6,458Salaries and employee benefits
$1,058Premises and equipment expense
$3,260Additional noninterest expense
$5,845Pre-tax net operating income
-$659Securities gains (losses)
$1,552Applicable income taxes
$3,634Income before extraordinary items
$0Extraordinary gains - net
$3,634Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$22Sale, conversion, retirement of capital stock, net
$1,657Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.68%Yield on earning assets
2.22%Cost of funding earning assets
3.46%Net interest margin
0.83%Noninterest income to earning assets
2.76%Noninterest expense to earning assets
0.96%Net operating income to assets
0.86%Return on assets (ROA)
1.22%Pretax return on assets
10.37%Return on equity (ROE)
5.64%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
-468.18%Credit loss provision to net charge-offs
0.00%Efficiency ratio
64,434Assets per employee
3.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
45.60%Loss allowance to loans
1.50%Loss allowance to noncurrent loans
63.57%Noncurrent assets plus other real estate owned to assets
1.50%Noncurrent loans to loans
2.36%Net loans and leases to deposits
80.63%Net loans and leases to core deposits
86.74%Equity capital to assets
8.56%Core capital (leverage) ratio
8.57%Tier 1 risk-based capital ratio
12.50%Total risk-based capital ratio
Memoranda
$14Average assets
$424,862Average earning assets
$35,060Average equity
$389,807Average loans
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