Andover Bank NH in Salem, New Hampshire (NH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1999

  • Andover Bank NH in Salem, New Hampshire (NH)
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Andover Bank NH - Overview

  • General
  • FDIC Certificate #: 34067
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Andover Bank (#23284)
    Federal Reserve ID: 2338538
    Date Established: September 28, 1995
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 56204
    Numeric code: 41
    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: September 28, 1995
    Last Structure Change Effective Date: July 01, 1999
    Last Structure Change Process Date: July 22, 1999
    Last Data Update: July 22, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 130 Main Street, Salem, NH 3079
    County: Rockingham
    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
    Metropolitan Statistical Area (MSA): Lawrence, MA-NH (#4160)
    Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7)
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Boston-Cambridge-Quincy, MA-NH (#14460)
    CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460)
    Core Based Statistical Division: Rockingham County-Strafford County, NH (#40484)
  • Financial Summary
  • Total assets: $90.5 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 16Total employees (full-time equivalent)
  • $92,982Total assets
  • $6,947Cash and due from depository institutions
  • $0Interest-bearing balances
  • $26,439Securities
  • $740Federal funds sold & reverse repurchase agreements
  • $57,442Net loans & leases
  • $473Loan loss allowance
  • $0Trading account assets
  • $871Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $543All other assets
  • $92,982Total liabilities and capital
  • $84,585Total liabilities
  • $81,362Total deposits
  • $74,623Interest-bearing deposits
  • $81,362Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,082Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $141All other liabilities
  • $8,397Total equity capital
  • $8,397Total bank equity capital
  • $8,397Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $8,000Undivided profits
  • Memoranda
  • $397Noncurrent 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)
  • $225Average Assets, year-to-date
  • $84,621Average Assets, quarterly
  • $11,185Volatile liabilities
  • $89,506Insider loans
  • $92,143FHLB advances
  • $9,689Loans and leases held for sale
  • $5Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $10,763Total unused commitments
  • $0Restructured Loans and leases
  • $59,900Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $6,162Total interest income
  • $3,566Total interest expense
  • $2,596Net interest income
  • $75Provision for loan and lease losses
  • $228Total noninterest income
  • $0Fiduciary activities
  • $217Service charges on deposit accounts
  • $0Trading account gains & fees
  • $11Additional noninterest income
  • $1,560Total noninterest expense
  • $514Salaries and employee benefits
  • $271Premises and equipment expense
  • $775Additional noninterest expense
  • $1,189Pre-tax net operating income
  • $0Securities gains (losses)
  • $433Applicable income taxes
  • $756Income before extraordinary items
  • $0Extraordinary gains - net
  • $756Net 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, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.27%Yield on earning assets
  • 4.21%Cost of funding earning assets
  • 3.06%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 1.84%Noninterest expense to earning assets
  • 0.84%Net operating income to assets
  • 0.84%Return on assets (ROA)
  • 1.33%Pretax return on assets
  • 9.50%Return on equity (ROE)
  • 9.50%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
  • 52,585Assets per employee
  • 5.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.82%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
  • 70.60%Net loans and leases to core deposits
  • 76.84%Equity capital to assets
  • 9.03%Core capital (leverage) ratio
  • 9.00%Tier 1 risk-based capital ratio
  • 13.75%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $89,506Average earning assets
  • $7,957Average equity
  • $84,783Average loans

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