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

This bank is inactive as of November 14, 1996

  • Centerbank in Waterbury, Connecticut (CT)
  • Show street view No street view available for this location

Centerbank - Overview

  • General
  • FDIC Certificate #: 18262
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Union Bank of Connecticut (#9230)
    Federal Reserve ID: 540506
    Date Established: January 08, 1850
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 51 (Interstate: No)
    OTS Docket #: 4417
    FDIC's unique #: 12178
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 01, 1960
    Last Structure Change Effective Date: November 14, 1996
    Last Structure Change Process Date: December 09, 1996
    Last Data Update: December 09, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 60 North Main Street, Waterbury, CT 6720
    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: $4,025.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $1,158Total assets
  • $3,582,796Cash and due from depository institutions
  • $77,069Interest-bearing balances
  • $89Securities
  • $408,934Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $2,876,466Loan loss allowance
  • $43,024Trading account assets
  • $0Bank premises and fixed assets
  • $44,906Other real estate owned
  • $24,424Goodwill and other intangibles
  • $70,260Life insurance assets
  • $80,737All other assets
  • $0Total liabilities and capital
  • $3,582,796Total liabilities
  • $3,362,474Total deposits
  • $2,541,017Interest-bearing deposits
  • $2,320,502Deposits held in domestic offices
  • 2541017.00%% insured (estimated)
  • $91Federal funds purchased & repurchase agreements
  • $177,880Trading liabilities
  • $0Other borrowed funds
  • $586,259Subordinated debt
  • $24,968All other liabilities
  • $32,350Total equity capital
  • $32,350Total bank equity capital
  • $220,322Perpetual preferred stock
  • $0Common stock
  • $12,702Surplus
  • $176,581Undivided profits
  • Memoranda
  • $31,039Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $65,231Income earned, not collected on loans
  • $17,847Earning assets
  • $3,285,489Long-term assets (5+ years)
  • $857,154Average Assets, year-to-date
  • $3,481,423Average Assets, quarterly
  • $3,561,016Volatile liabilities
  • $488,623Insider loans
  • $1,297FHLB advances
  • $0Loans and leases held for sale
  • $153,173Unused loan commitments
  • $285,367Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $201,708Total risk weighted assets
  • $2,286,351Total unused commitments
  • $0Restructured Loans and leases
  • $214,916Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $255,409Total interest expense
  • $140,965Net interest income
  • $114,444Provision for loan and lease losses
  • $8,616Total noninterest income
  • $50,171Fiduciary activities
  • $0Service charges on deposit accounts
  • $5,349Trading account gains & fees
  • $24Additional noninterest income
  • $44,798Total noninterest expense
  • $133,237Salaries and employee benefits
  • $52,501Premises and equipment expense
  • $15,699Additional noninterest expense
  • $65,037Pre-tax net operating income
  • $22,762Securities gains (losses)
  • $1,790Applicable income taxes
  • $1,795Income before extraordinary items
  • $22,757Extraordinary gains - net
  • $0Net income attributable to bank
  • $22,757Net charge-offs
  • $12,472Cash dividends
  • $2,547Sale, conversion, retirement of capital stock, net
  • $161Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.99%Cost of funding earning assets
  • 4.41%Net interest margin
  • 3.58%Noninterest income to earning assets
  • 1.57%Noninterest expense to earning assets
  • 4.17%Net operating income to assets
  • 0.61%Return on assets (ROA)
  • 0.65%Pretax return on assets
  • 0.71%Return on equity (ROE)
  • 10.98%Retained earnings to average equity (YTD only)
  • 9.75%Net charge-offs to loans
  • 0.45%Credit loss provision to net charge-offs
  • 69.08%Efficiency ratio
  • 74,853Assets per employee
  • 3.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 11.19%Loss allowance to loans
  • 1.47%Loss allowance to noncurrent loans
  • 65.96%Noncurrent assets plus other real estate owned to assets
  • 2.50%Noncurrent loans to loans
  • 2.23%Net loans and leases to deposits
  • 113.20%Net loans and leases to core deposits
  • 116.93%Equity capital to assets
  • 6.15%Core capital (leverage) ratio
  • 5.74%Tier 1 risk-based capital ratio
  • 8.82%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $3,481,423Average earning assets
  • $207,260Average equity
  • $3,197,329Average loans

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