FDIC Certificate #: 27437 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Merrimack County Savings Bank (#17960) Federal Reserve ID: 1358696 Date Established: January 21, 1989 WWW:http://www.bowmillsbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 9272 FDIC's unique #: 39911 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 21, 1989 Last Structure Change Effective Date: May 01, 2007 Last Structure Change Process Date: June 11, 2007 Last Data Update: June 11, 2007 Data Source Date: April 05, 2012
Location
Address: 503 South Street, Bow, NH 3304 County: Merrimack 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 Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148) Core Based Statistical Area (CBSA): Concord, NH (#18180) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $123.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
49Total employees (full-time equivalent)
$124,719Total assets
$5,005Cash and due from depository institutions
$818Interest-bearing balances
$15,854Securities
$4,070Federal funds sold & reverse repurchase agreements
$91,507Net loans & leases
$1,097Loan loss allowance
$0Trading account assets
$1,577Bank premises and fixed assets
$623Other real estate owned
$0Goodwill and other intangibles
$2,907Life insurance assets
$6,083All other assets
$124,719Total liabilities and capital
$114,659Total liabilities
$114,151Total deposits
$98,303Interest-bearing deposits
$114,151Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$508All other liabilities
$10,060Total equity capital
$10,060Total bank equity capital
$10,060Perpetual preferred stock
$0Common stock
$566Surplus
$2,560Undivided profits
Memoranda
$6,934Noncurrent loans and leases
$26,039Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$70Earning assets
$0Long-term assets (5+ years)
$548Average Assets, year-to-date
$112,249Average Assets, quarterly
$4,562Volatile liabilities
$125,001Insider loans
$124,507FHLB advances
$6,769Loans and leases held for sale
$2,946Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$160Total risk weighted assets
$26,039Total unused commitments
$0Restructured Loans and leases
$1,097Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$7,308Total interest income
$2,261Total interest expense
$5,047Net interest income
$258Provision for loan and lease losses
$1,643Total noninterest income
$411Fiduciary activities
$459Service charges on deposit accounts
$0Trading account gains & fees
$773Additional noninterest income
$5,981Total noninterest expense
$3,335Salaries and employee benefits
$986Premises and equipment expense
$1,660Additional noninterest expense
$451Pre-tax net operating income
$0Securities gains (losses)
$84Applicable income taxes
$367Income before extraordinary items
$0Extraordinary gains - net
$367Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$301Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.40%Yield on earning assets
1.98%Cost of funding earning assets
4.42%Net interest margin
1.44%Noninterest income to earning assets
5.24%Noninterest expense to earning assets
0.29%Net operating income to assets
0.29%Return on assets (ROA)
0.36%Pretax return on assets
3.75%Return on equity (ROE)
3.75%Retained earnings to average equity (YTD only)
0.32%Net charge-offs to loans
85.71%Credit loss provision to net charge-offs
2.36%Efficiency ratio
89,402Assets per employee
2.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.18%Loss allowance to noncurrent loans
1567.14%Noncurrent assets plus other real estate owned to assets
0.56%Noncurrent loans to loans
0.08%Net loans and leases to deposits
80.16%Net loans and leases to core deposits
85.22%Equity capital to assets
8.07%Core capital (leverage) ratio
8.27%Tier 1 risk-based capital ratio
10.50%Total risk-based capital ratio
Memoranda
$12Average assets
$125,001Average earning assets
$9,795Average equity
$114,226Average loans
Total Fiduciary and Related Assets (December 31, 2006)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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