CIGNA Bank & Trust Company, FSB in Hartford, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 2004

  • CIGNA Bank & Trust Company, FSB in Hartford, Connecticut (CT)
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CIGNA Bank & Trust Company, FSB - Overview

  • General
  • FDIC Certificate #: 57222
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Prudential Bank & Trust, FSB (#32957)
    Federal Reserve ID: 3042038
    Date Established: July 25, 2001
    WWW: http://www.cigna.com
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 16728
    FDIC's unique #: 359668
    Numeric code: 37
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: July 25, 2001
    Last Structure Change Effective Date: April 01, 2004
    Last Structure Change Process Date: April 21, 2004
    Last Data Update: April 21, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 280 Trumbull 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: $177.2 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, 2003)

  • Dollar figures in thousands
  • 32Total employees (full-time equivalent)
  • $147,086Total assets
  • $617Cash and due from depository institutions
  • $0Interest-bearing balances
  • $145,166Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $0Loan loss allowance
  • $0Trading account assets
  • $0Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,303All other assets
  • $147,086Total liabilities and capital
  • $135,179Total liabilities
  • $133,804Total deposits
  • $133,804Interest-bearing deposits
  • $133,804Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,375All other liabilities
  • $11,907Total equity capital
  • $11,907Total bank equity capital
  • $11,907Perpetual preferred stock
  • $0Common stock
  • $11,225Surplus
  • $0Undivided profits
  • Memoranda
  • $682Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $438Average Assets, year-to-date
  • $145,166Average Assets, quarterly
  • $0Volatile liabilities
  • $101,874Insider loans
  • $140,557FHLB advances
  • $76,137Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $2,862Total interest income
  • $1,066Total interest expense
  • $1,796Net interest income
  • $0Provision for loan and lease losses
  • $2,476Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,476Additional noninterest income
  • $2,969Total noninterest expense
  • $1,147Salaries and employee benefits
  • $233Premises and equipment expense
  • $1,589Additional noninterest expense
  • $1,303Pre-tax net operating income
  • $7Securities gains (losses)
  • $396Applicable income taxes
  • $914Income before extraordinary items
  • $0Extraordinary gains - net
  • $914Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.85%Yield on earning assets
  • 1.06%Cost of funding earning assets
  • 1.79%Net interest margin
  • 2.47%Noninterest income to earning assets
  • 2.96%Noninterest expense to earning assets
  • 0.89%Net operating income to assets
  • 0.90%Return on assets (ROA)
  • 1.29%Pretax return on assets
  • 7.81%Return on equity (ROE)
  • 7.81%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
  • 69,499Assets per employee
  • 4.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.00%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 0.00%Net loans and leases to core deposits
  • 0.00%Equity capital to assets
  • 8.10%Core capital (leverage) ratio
  • 8.38%Tier 1 risk-based capital ratio
  • 31.16%Total risk-based capital ratio
  • Memoranda
  • $31Average assets
  • $101,874Average earning assets
  • $11,705Average equity
  • $100,395Average loans

Total Fiduciary and Related Assets (December 31, 2003)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $21,941,036Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1177Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $21,941,036Other retirement accounts
  • $0Corporate trust and agency accounts
  • $17,921,253Other fiduciary accounts
  • $111,240Fiduciary accounts held in foreign offices

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