FDIC Certificate #: 23675 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Laconia Savings Bank (#18012) Federal Reserve ID: 251008 Date Established: Febuary 16, 1982 WWW:http://www.vbtnh.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 10903 FDIC's unique #: 16564 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: Febuary 16, 1982 Last Structure Change Effective Date: October 01, 2005 Last Structure Change Process Date: October 19, 2005 Last Data Update: October 19, 2005 Data Source Date: April 05, 2012
Location
Address: One Country Club Road, Gilford, NH 3246 County: Belknap Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Concord Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148) Core Based Statistical Area (CBSA): Laconia, NH (#29060) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $77.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
24Total employees (full-time equivalent)
$77,460Total assets
$4,604Cash and due from depository institutions
$1,663Interest-bearing balances
$24,114Securities
$6,240Federal funds sold & reverse repurchase agreements
$38,981Net loans & leases
$422Loan loss allowance
$0Trading account assets
$363Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,158All other assets
$77,460Total liabilities and capital
$68,779Total liabilities
$67,662Total deposits
$58,481Interest-bearing deposits
$67,662Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$225Other borrowed funds
$0Subordinated debt
$892All other liabilities
$8,681Total equity capital
$8,681Total bank equity capital
$8,681Perpetual preferred stock
$0Common stock
$500Surplus
$1,331Undivided profits
Memoranda
$6,850Noncurrent loans and leases
$5,507Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$187Earning assets
$0Long-term assets (5+ years)
$317Average Assets, year-to-date
$70,998Average Assets, quarterly
$3,491Volatile liabilities
$80,058Insider loans
$81,878FHLB advances
$3,963Loans and leases held for sale
$21Unused loan commitments
$225Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,507Total unused commitments
$0Restructured Loans and leases
$422Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$3,286Total interest income
$300Total interest expense
$2,986Net interest income
$25Provision for loan and lease losses
$411Total noninterest income
$0Fiduciary activities
$186Service charges on deposit accounts
$0Trading account gains & fees
$225Additional noninterest income
$2,514Total noninterest expense
$1,543Salaries and employee benefits
$188Premises and equipment expense
$783Additional noninterest expense
$858Pre-tax net operating income
$0Securities gains (losses)
$130Applicable income taxes
$728Income before extraordinary items
$0Extraordinary gains - net
$728Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$39Sale, conversion, retirement of capital stock, net
$289Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.50%Yield on earning assets
0.41%Cost of funding earning assets
4.09%Net interest margin
0.56%Noninterest income to earning assets
3.45%Noninterest expense to earning assets
0.91%Net operating income to assets
0.91%Return on assets (ROA)
1.07%Pretax return on assets
8.61%Return on equity (ROE)
5.19%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
64.10%Credit loss provision to net charge-offs
22.64%Efficiency ratio
74,006Assets per employee
3.23%Cash dividends to net income (YTD only)
Condition Ratios (%)
39.70%Loss allowance to loans
1.07%Loss allowance to noncurrent loans
225.67%Noncurrent assets plus other real estate owned to assets
0.24%Noncurrent loans to loans
0.47%Net loans and leases to deposits
57.61%Net loans and leases to core deposits
61.20%Equity capital to assets
11.21%Core capital (leverage) ratio
10.84%Tier 1 risk-based capital ratio
19.91%Total risk-based capital ratio
Memoranda
$21Average assets
$80,058Average earning assets
$8,459Average equity
$72,961Average loans
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