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

This bank is inactive as of March 21, 1994

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

  • General
  • FDIC Certificate #: 26192
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Centerbank (#18262)
    Federal Reserve ID: 143608
    Date Established: April 17, 1985
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 32518
    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: April 17, 1985
    Last Structure Change Effective Date: March 21, 1994
    Last Structure Change Process Date: April 05, 1994
    Last Data Update: April 05, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 255 Bank Street, Waterbury, CT 6722
    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: $49.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $30Total assets
  • $49,178Cash and due from depository institutions
  • $1,830Interest-bearing balances
  • $297Securities
  • $5,700Federal funds sold & reverse repurchase agreements
  • $4,816Net loans & leases
  • $32,929Loan loss allowance
  • $772Trading account assets
  • $0Bank premises and fixed assets
  • $261Other real estate owned
  • $3,055Goodwill and other intangibles
  • $587Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $49,178Total liabilities
  • $48,236Total deposits
  • $48,049Interest-bearing deposits
  • $41,749Deposits held in domestic offices
  • 48049.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $187Total equity capital
  • $187Total bank equity capital
  • $942Perpetual preferred stock
  • $0Common stock
  • $616Surplus
  • $6,481Undivided profits
  • Memoranda
  • $-6,155Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,168Income earned, not collected on loans
  • $254Earning assets
  • $43,742Long-term assets (5+ years)
  • $3,496Average Assets, year-to-date
  • $50,767Average Assets, quarterly
  • $48,699Volatile liabilities
  • $2,931Insider loans
  • $1,355FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,375Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $942Total risk weighted assets
  • $35,352Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,397Total interest expense
  • $1,447Net interest income
  • $1,950Provision for loan and lease losses
  • $37Total noninterest income
  • $441Fiduciary activities
  • $0Service charges on deposit accounts
  • $257Trading account gains & fees
  • $0Additional noninterest income
  • $184Total noninterest expense
  • $2,532Salaries and employee benefits
  • $1,102Premises and equipment expense
  • $467Additional noninterest expense
  • $963Pre-tax net operating income
  • -$178Securities gains (losses)
  • $42Applicable income taxes
  • $1Income before extraordinary items
  • -$137Extraordinary gains - net
  • $0Net income attributable to bank
  • -$137Net charge-offs
  • $517Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.47%Cost of funding earning assets
  • 3.18%Net interest margin
  • 4.29%Noninterest income to earning assets
  • 0.97%Noninterest expense to earning assets
  • 5.57%Net operating income to assets
  • -0.35%Return on assets (ROA)
  • -0.27%Pretax return on assets
  • -0.27%Return on equity (ROE)
  • -13.04%Retained earnings to average equity (YTD only)
  • -13.04%Net charge-offs to loans
  • 1.39%Credit loss provision to net charge-offs
  • 7.16%Efficiency ratio
  • 105,897Assets per employee
  • 1.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.29%Loss allowance to noncurrent loans
  • 24.37%Noncurrent assets plus other real estate owned to assets
  • 12.65%Noncurrent loans to loans
  • 9.40%Net loans and leases to deposits
  • 68.53%Net loans and leases to core deposits
  • 72.98%Equity capital to assets
  • 1.92%Core capital (leverage) ratio
  • 1.91%Tier 1 risk-based capital ratio
  • 2.66%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $50,767Average earning assets
  • $1,051Average equity
  • $45,451Average loans

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