Bank of Boston Connecticut in city_name, state_name - Detailed Financial Reports, Location

Bank of Boston Connecticut in Hartford, Connecticut (CT)
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Bank of Boston Connecticut - Overview

General
FDIC Certificate #: 17948
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Fleet National Bank (#2558)
Federal Reserve ID: 750006
Date Established: June 06, 1819
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 63 (Interstate: No)
OTS Docket #: 7377
FDIC's unique #: 11882
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: January 02, 1959
Last Structure Change Effective Date: October 16, 1997
Last Structure Change Process Date: November 17, 1997
Last Data Update: November 17, 1997
Data Source Date: April 05, 2012
Location
Address: 100 Pearl Street, 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: $4,295.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$1,887Total assets
$4,630,288Cash and due from depository institutions
$250,608Interest-bearing balances
$121Securities
$470,594Federal funds sold & reverse repurchase agreements
$86,808Net loans & leases
$3,473,678Loan loss allowance
$137,701Trading account assets
$0Bank premises and fixed assets
$80,512Other real estate owned
$7,354Goodwill and other intangibles
$229,947Life insurance assets
$30,787All other assets
$0Total liabilities and capital
$4,630,288Total liabilities
$4,124,171Total deposits
$3,147,894Interest-bearing deposits
$2,617,306Deposits held in domestic offices
3147894.00%% insured (estimated)
$87Federal funds purchased & repurchase agreements
$127,592Trading liabilities
$0Other borrowed funds
$712,315Subordinated debt
$13,100All other liabilities
$123,270Total equity capital
$123,270Total bank equity capital
$506,117Perpetual preferred stock
$0Common stock
$18,484Surplus
$380,461Undivided profits
Memoranda
$107,172Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$92,743Income earned, not collected on loans
$17,642Earning assets
$4,031,201Long-term assets (5+ years)
$584,086Average Assets, year-to-date
$4,477,648Average Assets, quarterly
$4,647,980Volatile liabilities
$1,007,044Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,752,089Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$487,085Total risk weighted assets
$4,098,445Total unused commitments
$0Restructured Loans and leases
$170,000Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$458,047Total interest expense
$152,925Net interest income
$305,122Provision for loan and lease losses
$138,430Total noninterest income
$92,748Fiduciary activities
$19,129Service charges on deposit accounts
$10,390Trading account gains & fees
$0Additional noninterest income
$63,229Total noninterest expense
$203,202Salaries and employee benefits
$82,437Premises and equipment expense
$25,636Additional noninterest expense
$95,129Pre-tax net operating income
$56,238Securities gains (losses)
$1,894Applicable income taxes
$26,396Income before extraordinary items
$31,736Extraordinary gains - net
$0Net income attributable to bank
$31,736Net charge-offs
$104,449Cash dividends
$19,052Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
11.62%Cost of funding earning assets
3.88%Net interest margin
7.74%Noninterest income to earning assets
2.35%Noninterest expense to earning assets
5.15%Net operating income to assets
0.68%Return on assets (ROA)
0.71%Pretax return on assets
1.30%Return on equity (ROE)
6.28%Retained earnings to average equity (YTD only)
2.51%Net charge-offs to loans
3.02%Credit loss provision to net charge-offs
132.53%Efficiency ratio
50,386Assets per employee
2.45%Cash dividends to net income (YTD only)
Condition Ratios (%)
60.03%Loss allowance to loans
3.81%Loss allowance to noncurrent loans
148.48%Noncurrent assets plus other real estate owned to assets
2.16%Noncurrent loans to loans
2.57%Net loans and leases to deposits
110.35%Net loans and leases to core deposits
118.30%Equity capital to assets
10.93%Core capital (leverage) ratio
10.79%Tier 1 risk-based capital ratio
11.88%Total risk-based capital ratio
Memoranda
$13Average assets
$4,477,648Average earning assets
$505,351Average equity
$3,943,476Average loans

Bank of Boston Connecticut in Hartford, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Boston Connecticut - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

Comment about this bank, ask questions, or add new information about it:

Bank of Boston Connecticut in Hartford, Connecticut (CT)Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Boston Connecticut - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

Comment about this bank, ask questions, or add new information about it:

Bank of Boston Connecticut in Hartford, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches