Winsted Savings Bank in Winsted, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1996

Winsted Savings Bank in Winsted, Connecticut (CT)
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Winsted Savings Bank - Overview

General
FDIC Certificate #: 18230
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Northwest Community Bank (#18229)
Federal Reserve ID: 485504
Date Established: August 24, 1860
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 4 (Interstate: No)
OTS Docket #: 11405
FDIC's unique #: 12147
Numeric code: 42
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: January 01, 1996
Last Structure Change Process Date: Febuary 09, 1996
Last Data Update: Febuary 09, 1996
Data Source Date: April 05, 2012
Location
Address: 654 Main Street, Winsted, CT 6098
County: Litchfield
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
Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
Core Based Statistical Area (CBSA): Torrington, CT (#45860)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $135.2 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)
$52Total assets
$135,179Cash and due from depository institutions
$3,893Interest-bearing balances
$26Securities
$27,977Federal funds sold & reverse repurchase agreements
$1,900Net loans & leases
$96,682Loan loss allowance
$1,712Trading account assets
$0Bank premises and fixed assets
$2,140Other real estate owned
$669Goodwill and other intangibles
$1,918Life insurance assets
$0All other assets
$0Total liabilities and capital
$135,179Total liabilities
$125,259Total deposits
$123,942Interest-bearing deposits
$113,195Deposits held in domestic offices
123942.00%% insured (estimated)
$100Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$342Subordinated debt
$0All other liabilities
$975Total equity capital
$975Total bank equity capital
$9,920Perpetual preferred stock
$0Common stock
$0Surplus
$1,200Undivided profits
Memoranda
$8,720Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,560Income earned, not collected on loans
$669Earning assets
$126,585Long-term assets (5+ years)
$39,419Average Assets, year-to-date
$135,888Average Assets, quarterly
$134,433Volatile liabilities
$5,344Insider loans
$1,083FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,772Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$9,907Total risk weighted assets
$80,371Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$10,455Total interest expense
$4,860Net interest income
$5,595Provision for loan and lease losses
$240Total noninterest income
$599Fiduciary activities
$0Service charges on deposit accounts
$328Trading account gains & fees
$0Additional noninterest income
$271Total noninterest expense
$4,581Salaries and employee benefits
$2,276Premises and equipment expense
$518Additional noninterest expense
$1,787Pre-tax net operating income
$1,373Securities gains (losses)
$0Applicable income taxes
$358Income before extraordinary items
$1,015Extraordinary gains - net
$0Net income attributable to bank
$1,015Net charge-offs
$511Cash 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
8.24%Cost of funding earning assets
3.83%Net interest margin
4.41%Noninterest income to earning assets
0.47%Noninterest expense to earning assets
3.61%Net operating income to assets
0.75%Return on assets (ROA)
0.75%Pretax return on assets
1.01%Return on equity (ROE)
10.89%Retained earnings to average equity (YTD only)
10.89%Net charge-offs to loans
0.51%Credit loss provision to net charge-offs
46.97%Efficiency ratio
73,959Assets per employee
2.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.74%Loss allowance to noncurrent loans
66.88%Noncurrent assets plus other real estate owned to assets
2.39%Noncurrent loans to loans
2.60%Net loans and leases to deposits
78.01%Net loans and leases to core deposits
81.46%Equity capital to assets
7.34%Core capital (leverage) ratio
7.46%Tier 1 risk-based capital ratio
12.33%Total risk-based capital ratio
Memoranda
$14Average assets
$135,888Average earning assets
$9,320Average equity
$126,945Average loans

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