UST Bank/Connecticut in Bridgeport, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 29, 1996

  • UST Bank/Connecticut in Bridgeport, Connecticut (CT)
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UST Bank/Connecticut - Overview

  • General
  • FDIC Certificate #: 21533
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Lafayette American Bank (#19353)
    Federal Reserve ID: 762504
    Date Established: April 23, 1974
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 14894
    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, 1974
    Last Structure Change Effective Date: November 29, 1996
    Last Structure Change Process Date: December 10, 1996
    Last Data Update: December 10, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 1000 Lafayette Boulevard, Bridgeport, CT 6604
    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): Bridgeport, CT (#1160)
    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: $111.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $43Total assets
  • $109,747Cash and due from depository institutions
  • $2,920Interest-bearing balances
  • $0Securities
  • $31,445Federal funds sold & reverse repurchase agreements
  • $11,500Net loans & leases
  • $61,549Loan loss allowance
  • $2,449Trading account assets
  • $0Bank premises and fixed assets
  • $649Other real estate owned
  • $284Goodwill and other intangibles
  • $1,400Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $109,747Total liabilities
  • $100,533Total deposits
  • $95,339Interest-bearing deposits
  • $69,971Deposits held in domestic offices
  • 95339.00%% insured (estimated)
  • $87Federal funds purchased & repurchase agreements
  • $2,606Trading liabilities
  • $0Other borrowed funds
  • $943Subordinated debt
  • $0All other liabilities
  • $1,645Total equity capital
  • $1,645Total bank equity capital
  • $9,214Perpetual preferred stock
  • $0Common stock
  • $2,994Surplus
  • $10,577Undivided profits
  • Memoranda
  • $-4,357Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $763Income earned, not collected on loans
  • $440Earning assets
  • $104,494Long-term assets (5+ years)
  • $16,293Average Assets, year-to-date
  • $108,337Average Assets, quarterly
  • $114,891Volatile liabilities
  • $9,453Insider loans
  • $628FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $11,503Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $9,111Total risk weighted assets
  • $70,447Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $7,853Total interest expense
  • $2,709Net interest income
  • $5,144Provision for loan and lease losses
  • $434Total noninterest income
  • $364Fiduciary activities
  • $0Service charges on deposit accounts
  • $269Trading account gains & fees
  • $0Additional noninterest income
  • $95Total noninterest expense
  • $4,911Salaries and employee benefits
  • $1,787Premises and equipment expense
  • $534Additional noninterest expense
  • $2,590Pre-tax net operating income
  • $163Securities gains (losses)
  • $0Applicable income taxes
  • $47Income before extraordinary items
  • $116Extraordinary gains - net
  • $0Net income attributable to bank
  • $116Net charge-offs
  • $3,577Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.05%Cost of funding earning assets
  • 2.78%Net interest margin
  • 5.27%Noninterest income to earning assets
  • 0.37%Noninterest expense to earning assets
  • 5.03%Net operating income to assets
  • 0.11%Return on assets (ROA)
  • 0.11%Pretax return on assets
  • 0.15%Return on equity (ROE)
  • 1.45%Retained earnings to average equity (YTD only)
  • 1.45%Net charge-offs to loans
  • 6.25%Credit loss provision to net charge-offs
  • 12.13%Efficiency ratio
  • 89,161Assets per employee
  • 2.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.83%Loss allowance to noncurrent loans
  • 320.97%Noncurrent assets plus other real estate owned to assets
  • 0.95%Noncurrent loans to loans
  • 1.19%Net loans and leases to deposits
  • 64.56%Net loans and leases to core deposits
  • 68.82%Equity capital to assets
  • 8.40%Core capital (leverage) ratio
  • 8.23%Tier 1 risk-based capital ratio
  • 12.93%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $108,337Average earning assets
  • $7,985Average equity
  • $97,581Average loans

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