U.S. Trust Company in Greenwich, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 31, 2003

  • U.S. Trust Company in Greenwich, Connecticut (CT)
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U.S. Trust Company - Overview

  • General
  • 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
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $5,783,426Managed Assets
  • 1Number of Accounts
  • $5,739,723Personal trust and agency accounts
  • $2,032,210Employee benefit-defined contribution accounts
  • $41,201Employee benefit-defined benefit accounts
  • $37,985Other retirement accounts
  • $364,004Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $3,241,941Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $22,382Non-managed Assets
  • 4471Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $43,703Other retirement accounts
  • $2,093Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $18,440Fiduciary accounts held in foreign offices

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