FDIC Certificate #: 33822 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:U.S. Trust Company, National Association (#33332) Federal Reserve ID: 2060594 Date Established: June 18, 1993 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 8 (Interstate: No) FDIC's unique #: 48125 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: April 23, 1997 Last Structure Change Effective Date: May 31, 2003 Last Structure Change Process Date: July 01, 2003 Last Data Update: July 01, 2003 Data Source Date: April 05, 2012
Location
Address: One Pickwick Plaza, Greenwich, CT 6830 County: Fairfield 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): Stamford-Norwalk, CT (#8040) Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70) Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408) Core Based Statistical Area (CBSA): Bridgeport-Stamford-Norwalk, CT (#14860) CBSA Metro Statistical Area: Bridgeport-Stamford-Norwalk, CT (#14860)
Financial Summary
Total assets: $499.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
240Total employees (full-time equivalent)
$465,035Total assets
$11,256Cash and due from depository institutions
$337Interest-bearing balances
$138,768Securities
$149,000Federal funds sold & reverse repurchase agreements
$109,437Net loans & leases
$998Loan loss allowance
$0Trading account assets
$9,336Bank premises and fixed assets
$0Other real estate owned
$33,963Goodwill and other intangibles
$0Life insurance assets
$13,275All other assets
$465,035Total liabilities and capital
$352,174Total liabilities
$331,147Total deposits
$295,884Interest-bearing deposits
$331,147Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$14Other borrowed funds
$0Subordinated debt
$21,013All other liabilities
$112,861Total equity capital
$112,861Total bank equity capital
$112,861Perpetual preferred stock
$0Common stock
$4,890Surplus
$97,442Undivided profits
Memoranda
$10,529Noncurrent loans and leases
$51,480Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$11Earning assets
$0Long-term assets (5+ years)
$850Average Assets, year-to-date
$397,542Average Assets, quarterly
$99,243Volatile liabilities
$484,975Insider loans
$465,957FHLB advances
$7,692Loans and leases held for sale
$1,095Unused loan commitments
$0Tier 1 (core) risk-based capital
$15,000Tier 2 risk-based capital
$0Total risk weighted assets
$51,480Total unused commitments
$0Restructured Loans and leases
$998Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$18,289Total interest income
$5,159Total interest expense
$13,130Net interest income
$0Provision for loan and lease losses
$79,516Total noninterest income
$33,780Fiduciary activities
$50Service charges on deposit accounts
$0Trading account gains & fees
$45,686Additional noninterest income
$61,534Total noninterest expense
$39,449Salaries and employee benefits
$6,694Premises and equipment expense
$15,391Additional noninterest expense
$31,112Pre-tax net operating income
$3,220Securities gains (losses)
$13,038Applicable income taxes
$21,294Income before extraordinary items
$0Extraordinary gains - net
$21,294Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$161Sale, conversion, retirement of capital stock, net
$35,000Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.46%Yield on earning assets
1.26%Cost of funding earning assets
3.20%Net interest margin
19.41%Noninterest income to earning assets
15.02%Noninterest expense to earning assets
3.97%Net operating income to assets
4.39%Return on assets (ROA)
7.08%Pretax return on assets
21.02%Return on equity (ROE)
-13.53%Retained earnings to average equity (YTD only)
0.15%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
193.24%Efficiency ratio
66,418Assets per employee
1.94%Cash dividends to net income (YTD only)
Condition Ratios (%)
164.37%Loss allowance to loans
0.90%Loss allowance to noncurrent loans
9072.73%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.01%Net loans and leases to deposits
33.05%Net loans and leases to core deposits
33.83%Equity capital to assets
24.27%Core capital (leverage) ratio
18.10%Tier 1 risk-based capital ratio
40.59%Total risk-based capital ratio
Memoranda
$41Average assets
$484,975Average earning assets
$101,306Average equity
$409,715Average loans
Total Fiduciary and Related Assets (December 31, 2002)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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