Candlewood Bank and Trust Company in New Fairfield, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 30, 1994

  • Candlewood Bank and Trust Company in New Fairfield, Connecticut (CT)
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Candlewood Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 26931
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: NMBT (#21977)
    Federal Reserve ID: 103004
    Date Established: March 31, 1987
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 8817
    FDIC's unique #: 36323
    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: March 31, 1987
    Last Structure Change Effective Date: April 30, 1994
    Last Structure Change Process Date: May 23, 1994
    Last Data Update: May 23, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 Route 37, New Fairfield, CT 6812
    County: Fairfield
    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): Danbury, CT (#1930)
    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): Bridgeport-Stamford-Norwalk, CT (#14860)
    CBSA Metro Statistical Area: Bridgeport-Stamford-Norwalk, CT (#14860)
  • Financial Summary
  • Total assets: $55.0 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)
  • $27Total assets
  • $56,107Cash and due from depository institutions
  • $2,102Interest-bearing balances
  • $1,311Securities
  • $7,283Federal funds sold & reverse repurchase agreements
  • $4,300Net loans & leases
  • $39,980Loan loss allowance
  • $1,713Trading account assets
  • $0Bank premises and fixed assets
  • $450Other real estate owned
  • $477Goodwill and other intangibles
  • $1,515Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $56,107Total liabilities
  • $51,718Total deposits
  • $49,587Interest-bearing deposits
  • $46,190Deposits held in domestic offices
  • 49587.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,000Subordinated debt
  • $0All other liabilities
  • $131Total equity capital
  • $131Total bank equity capital
  • $4,389Perpetual preferred stock
  • $0Common stock
  • $2,877Surplus
  • $2,088Undivided profits
  • Memoranda
  • $-576Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,091Income earned, not collected on loans
  • $274Earning assets
  • $52,874Long-term assets (5+ years)
  • $324Average Assets, year-to-date
  • $58,724Average Assets, quarterly
  • $56,861Volatile liabilities
  • $3,787Insider loans
  • $1,910FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $4,035Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,389Total risk weighted assets
  • $36,985Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,798Total interest expense
  • $1,561Net interest income
  • $2,237Provision for loan and lease losses
  • $711Total noninterest income
  • $377Fiduciary activities
  • $0Service charges on deposit accounts
  • $192Trading account gains & fees
  • $0Additional noninterest income
  • $185Total noninterest expense
  • $2,082Salaries and employee benefits
  • $898Premises and equipment expense
  • $301Additional noninterest expense
  • $883Pre-tax net operating income
  • -$179Securities gains (losses)
  • -$4Applicable income taxes
  • $9Income before extraordinary items
  • -$192Extraordinary gains - net
  • $0Net income attributable to bank
  • -$192Net charge-offs
  • $209Cash 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
  • 6.74%Cost of funding earning assets
  • 2.77%Net interest margin
  • 3.97%Noninterest income to earning assets
  • 0.67%Noninterest expense to earning assets
  • 3.70%Net operating income to assets
  • -0.32%Return on assets (ROA)
  • -0.33%Pretax return on assets
  • -0.31%Return on equity (ROE)
  • -4.24%Retained earnings to average equity (YTD only)
  • -4.24%Net charge-offs to loans
  • 0.44%Credit loss provision to net charge-offs
  • 340.19%Efficiency ratio
  • 79,648Assets per employee
  • 2.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.11%Loss allowance to noncurrent loans
  • 81.92%Noncurrent assets plus other real estate owned to assets
  • 4.58%Noncurrent loans to loans
  • 5.02%Net loans and leases to deposits
  • 80.63%Net loans and leases to core deposits
  • 83.64%Equity capital to assets
  • 7.82%Core capital (leverage) ratio
  • 7.52%Tier 1 risk-based capital ratio
  • 11.87%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $58,724Average earning assets
  • $4,525Average equity
  • $56,324Average loans

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