FDIC Certificate #: 25332 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: (#35488) Federal Reserve ID: 22909 Date Established: August 24, 1984 WWW:http://www.advest.com Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 14260 FDIC's unique #: 17521 Numeric code: 43 Regulator: OTS Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes FDIC Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: August 24, 1984 Last Structure Change Effective Date: July 08, 2004 Last Structure Change Process Date: August 11, 2004 Last Data Update: August 11, 2004 Data Source Date: April 05, 2012
Location
Address: 90 State House Square, Hartford, CT 6103 County: Hartford 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): Hartford, CT (#3280) Combined Statistical Area (CSA): Hartford-West Hartford-Willimantic, CT (#278) Core Based Statistical Area (CBSA): Hartford-West Hartford-East Hartford, CT (#25540) CBSA Metro Statistical Area: Hartford-West Hartford-East Hartford, CT (#25540)
Financial Summary
Total assets: $3.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
19Total employees (full-time equivalent)
$3,524Total assets
$137Cash and due from depository institutions
$7Interest-bearing balances
$1,840Securities
$670Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$47Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$830All other assets
$3,524Total liabilities and capital
$965Total liabilities
$500Total deposits
$500Interest-bearing deposits
$500Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$465All other liabilities
$2,559Total equity capital
$2,559Total bank equity capital
$2,559Perpetual preferred stock
$0Common stock
$2,325Surplus
$11,952Undivided profits
Memoranda
$-11,718Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$7Average Assets, year-to-date
$2,517Average Assets, quarterly
$0Volatile liabilities
$4,065Insider loans
$3,809FHLB advances
$500Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$14Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$57Total interest income
$8Total interest expense
$49Net interest income
$0Provision for loan and lease losses
$2,585Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$2,585Additional noninterest income
$2,747Total noninterest expense
$1,612Salaries and employee benefits
$209Premises and equipment expense
$926Additional noninterest expense
-$113Pre-tax net operating income
$0Securities gains (losses)
-$41Applicable income taxes
-$72Income before extraordinary items
$0Extraordinary gains - net
-$72Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
1.85%Yield on earning assets
0.26%Cost of funding earning assets
1.59%Net interest margin
84.10%Noninterest income to earning assets
89.37%Noninterest expense to earning assets
-1.77%Net operating income to assets
-1.77%Return on assets (ROA)
-2.78%Pretax return on assets
-2.78%Return on equity (ROE)
-2.78%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
104,290Assets per employee
0.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
72.62%Core capital (leverage) ratio
72.72%Tier 1 risk-based capital ratio
207.84%Total risk-based capital ratio
Memoranda
$209Average assets
$4,065Average earning assets
$2,594Average equity
$3,074Average loans
Total Fiduciary and Related Assets (December 31, 2003)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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