Centerpoint Bank in Bedford, New Hampshire (NH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 29, 1997

  • Centerpoint Bank in Bedford, New Hampshire (NH)
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Centerpoint Bank - Overview

  • General
  • FDIC Certificate #: 32965
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: CFX Bank (#17991)
    Federal Reserve ID: 1463330
    Date Established: May 30, 1990
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 9112
    FDIC's unique #: 46143
    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: May 30, 1990
    Last Structure Change Effective Date: August 29, 1997
    Last Structure Change Process Date: September 15, 1997
    Last Data Update: September 15, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 141 South River Road, Bedford, NH 3110
    County: Hillsborough
    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
    Metropolitan Statistical Area (MSA): Manchester, NH (#4760)
    Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7)
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Manchester-Nashua, NH (#31700)
    CBSA Metro Statistical Area: Manchester-Nashua, NH (#31700)
  • Financial Summary
  • Total assets: $129.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $32Total assets
  • $113,514Cash and due from depository institutions
  • $8,153Interest-bearing balances
  • $83Securities
  • $23,270Federal funds sold & reverse repurchase agreements
  • $3,265Net loans & leases
  • $76,633Loan loss allowance
  • $881Trading account assets
  • $0Bank premises and fixed assets
  • $1,074Other real estate owned
  • $0Goodwill and other intangibles
  • $1,119Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $113,514Total liabilities
  • $106,080Total deposits
  • $88,709Interest-bearing deposits
  • $60,472Deposits held in domestic offices
  • 88709.00%% insured (estimated)
  • $82Federal funds purchased & repurchase agreements
  • $15,529Trading liabilities
  • $0Other borrowed funds
  • $893Subordinated debt
  • $0All other liabilities
  • $949Total equity capital
  • $949Total bank equity capital
  • $7,434Perpetual preferred stock
  • $0Common stock
  • $80Surplus
  • $5,714Undivided profits
  • Memoranda
  • $1,640Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $184Income earned, not collected on loans
  • $386Earning assets
  • $103,251Long-term assets (5+ years)
  • $8,420Average Assets, year-to-date
  • $105,326Average Assets, quarterly
  • $115,896Volatile liabilities
  • $22,376Insider loans
  • $137FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $36,474Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $7,537Total risk weighted assets
  • $81,220Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $8,463Total interest expense
  • $2,803Net interest income
  • $5,660Provision for loan and lease losses
  • $300Total noninterest income
  • $224Fiduciary activities
  • $0Service charges on deposit accounts
  • $133Trading account gains & fees
  • $0Additional noninterest income
  • $91Total noninterest expense
  • $3,553Salaries and employee benefits
  • $1,663Premises and equipment expense
  • $530Additional noninterest expense
  • $1,360Pre-tax net operating income
  • $2,031Securities gains (losses)
  • $0Applicable income taxes
  • $755Income before extraordinary items
  • $1,276Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,276Net charge-offs
  • $79Cash dividends
  • $391Sale, conversion, retirement of capital stock, net
  • $241Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.04%Cost of funding earning assets
  • 2.99%Net interest margin
  • 6.05%Noninterest income to earning assets
  • 0.24%Noninterest expense to earning assets
  • 3.80%Net operating income to assets
  • 1.21%Return on assets (ROA)
  • 1.21%Pretax return on assets
  • 1.93%Return on equity (ROE)
  • 19.19%Retained earnings to average equity (YTD only)
  • 13.31%Net charge-offs to loans
  • 0.12%Credit loss provision to net charge-offs
  • 379.75%Efficiency ratio
  • 60,367Assets per employee
  • 3.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 30.64%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 478.80%Noncurrent assets plus other real estate owned to assets
  • 0.16%Noncurrent loans to loans
  • 0.24%Net loans and leases to deposits
  • 86.39%Net loans and leases to core deposits
  • 93.61%Equity capital to assets
  • 6.55%Core capital (leverage) ratio
  • 6.76%Tier 1 risk-based capital ratio
  • 9.28%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $105,326Average earning assets
  • $6,648Average equity
  • $93,590Average loans

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