Bankers' Bank, Northeast in Glastonbury, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches


Bankers' Bank, Northeast - Overview

  • General
  • FDIC Certificate #: 34858
    Status: Active
    Federal Reserve ID: 2722173
    Date Established: September 08, 1998
    WWW: http://www.bankersbanknortheast.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 61821
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: September 08, 1998
    Last Structure Change Effective Date: December 11, 2006
    Last Structure Change Process Date: July 30, 2007
    Last Data Update: July 30, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 Winding Brook Drive, Glastonbury, CT 6033
    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)
  • History of Changes
  • Corrections
    Change in Location
  • Financial Summary
  • Total assets: $109.6 mil
    Equity capital: $14.7 mil
    Deposits held in domestic offices: $87.3 mil
    Return on assets (ROA): 0.75% ($0.8 mil)
    Quarterly return on assets: 0.55% ($0.6 mil)
    Return on Equity (ROE): 5.73% ($0.9 mil)
    Quarterly return on equity: 4.35% ($0.7 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.22% ($1,336.7 mil)
    Quarterly Pretax return on assets: 0.89% ($975.1 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, 2011)

  • Dollar figures in thousands
  • 28Total employees (full-time equivalent)
  • $109,562Total assets
  • $38,797Cash and due from depository institutions
  • $28,502Interest-bearing balances
  • $46,178Securities
  • $25Federal funds sold & reverse repurchase agreements
  • $21,612Net loans & leases
  • $626Loan loss allowance
  • $0Trading account assets
  • $159Bank premises and fixed assets
  • $0Other real estate owned
  • $211Goodwill and other intangibles
  • $109,562Life insurance assets
  • $2,580All other assets
  • $94,894Total liabilities and capital
  • $87,297Total liabilities
  • $0Total deposits
  • $87,297Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 6608.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $989Subordinated debt
  • $14,668All other liabilities
  • $14,668Total equity capital
  • $14,668Total bank equity capital
  • $1,509Perpetual preferred stock
  • $9,736Common stock
  • $0Surplus
  • $3,423Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $716Income earned, not collected on loans
  • $0Earning assets
  • $229Long-term assets (5+ years)
  • $96,317Average Assets, year-to-date
  • $15,605Average Assets, quarterly
  • $105,658Volatile liabilities
  • $114,079Insider loans
  • $32,991FHLB advances
  • $114,387Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,922Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,082Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,676Total interest income
  • $0Total interest expense
  • $2,676Net interest income
  • -$15Provision for loan and lease losses
  • $8,061Total noninterest income
  • $0Fiduciary activities
  • $738Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,323Additional noninterest income
  • $9,464Total noninterest expense
  • $2,725Salaries and employee benefits
  • $245Premises and equipment expense
  • $6,494Additional noninterest expense
  • $1,288Pre-tax net operating income
  • $0Securities gains (losses)
  • $499Applicable income taxes
  • $789Income before extraordinary items
  • $0Extraordinary gains - net
  • $789Net income attributable to bank
  • $0Net charge-offs
  • $789Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $112Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.77%Yield on earning assets
  • 0.00%Cost of funding earning assets
  • 2.77%Net interest margin
  • 8.35%Noninterest income to earning assets
  • 9.80%Noninterest expense to earning assets
  • 0.75%Net operating income to assets
  • 0.75%Return on assets (ROA)
  • 1.22%Pretax return on assets
  • 5.73%Return on equity (ROE)
  • 4.91%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
  • 88,144Assets per employee
  • 3.91%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 14.20%Loss allowance to loans
  • 2.82%Loss allowance to noncurrent loans
  • 87.43%Noncurrent assets plus other real estate owned to assets
  • 0.65%Noncurrent loans to loans
  • 3.22%Net loans and leases to deposits
  • 24.76%Net loans and leases to core deposits
  • 24.76%Equity capital to assets
  • 13.39%Core capital (leverage) ratio
  • 12.17%Tier 1 risk-based capital ratio
  • 42.20%Total risk-based capital ratio
  • Memoranda
  • $43Average assets
  • $105,658Average earning assets
  • $13,776Average equity
  • $96,558Average loans

List of branches

  • 1 Connecticut Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061821Bankers' Bank, Northeast300 Winding Brook Drive, Glastonbury, CT 6033September 08, 1998Full Service Brick and Mortar

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