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

This bank is inactive as of July 10, 1993

  • Bank of Boston Connecticut in Waterbury, Connecticut (CT)
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Bank of Boston Connecticut - Overview

  • General
  • FDIC Certificate #: 2511
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of Boston Connecticut (#17948)
    Federal Reserve ID: 148304
    Date Established: July 11, 1854
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 41 (Interstate: No)
    FDIC's unique #: 1646
    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: January 01, 1934
    Last Structure Change Effective Date: July 10, 1993
    Last Structure Change Process Date: August 18, 1993
    Last Data Update: August 18, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 81 West Main Street, Waterbury, CT 6720
    County: New Haven
    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): Waterbury, CT (#8880)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New Haven-Milford, CT (#35300)
    CBSA Metro Statistical Area: New Haven-Milford, CT (#35300)
  • Financial Summary
  • Total assets: $2,184.2 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $1,003Total assets
  • $2,365,794Cash and due from depository institutions
  • $207,201Interest-bearing balances
  • $19,000Securities
  • $278,072Federal funds sold & reverse repurchase agreements
  • $240,477Net loans & leases
  • $1,452,446Loan loss allowance
  • $80,739Trading account assets
  • $0Bank premises and fixed assets
  • $64,601Other real estate owned
  • $64,194Goodwill and other intangibles
  • $54,325Life insurance assets
  • $4,478All other assets
  • $0Total liabilities and capital
  • $2,365,794Total liabilities
  • $2,246,492Total deposits
  • $2,056,090Interest-bearing deposits
  • $1,704,911Deposits held in domestic offices
  • 2056090.00%% insured (estimated)
  • $84Federal funds purchased & repurchase agreements
  • $54,794Trading liabilities
  • $0Other borrowed funds
  • $47,401Subordinated debt
  • $0All other liabilities
  • $88,207Total equity capital
  • $88,207Total bank equity capital
  • $119,302Perpetual preferred stock
  • $0Common stock
  • $15,856Surplus
  • $272,642Undivided profits
  • Memoranda
  • $-169,196Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $78,151Income earned, not collected on loans
  • $10,074Earning assets
  • $1,989,995Long-term assets (5+ years)
  • $179,086Average Assets, year-to-date
  • $2,429,973Average Assets, quarterly
  • $2,396,152Volatile liabilities
  • $278,918Insider loans
  • $219FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $604,172Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $175,555Total risk weighted assets
  • $1,887,550Total unused commitments
  • $0Restructured Loans and leases
  • $269,454Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $148,204Total interest expense
  • $74,718Net interest income
  • $73,486Provision for loan and lease losses
  • $0Total noninterest income
  • $41,440Fiduciary activities
  • $15,293Service charges on deposit accounts
  • $8,119Trading account gains & fees
  • $0Additional noninterest income
  • $18,028Total noninterest expense
  • $121,517Salaries and employee benefits
  • $38,100Premises and equipment expense
  • $12,971Additional noninterest expense
  • $70,446Pre-tax net operating income
  • -$6,591Securities gains (losses)
  • $1,980Applicable income taxes
  • $87Income before extraordinary items
  • -$4,698Extraordinary gains - net
  • $2,845Net income attributable to bank
  • -$1,853Net charge-offs
  • $34,102Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.24%Cost of funding earning assets
  • 3.65%Net interest margin
  • 3.59%Noninterest income to earning assets
  • 2.03%Noninterest expense to earning assets
  • 5.94%Net operating income to assets
  • -0.27%Return on assets (ROA)
  • -0.08%Pretax return on assets
  • -0.07%Return on equity (ROE)
  • -1.55%Retained earnings to average equity (YTD only)
  • -1.55%Net charge-offs to loans
  • 2.07%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 105,138Assets per employee
  • 2.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.27%Loss allowance to noncurrent loans
  • 103.31%Noncurrent assets plus other real estate owned to assets
  • 6.02%Noncurrent loans to loans
  • 5.10%Net loans and leases to deposits
  • 70.64%Net loans and leases to core deposits
  • 77.37%Equity capital to assets
  • 5.04%Core capital (leverage) ratio
  • 7.40%Tier 1 risk-based capital ratio
  • 9.30%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $2,429,973Average earning assets
  • $119,663Average equity
  • $2,046,380Average loans

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