Centerpoint Bank in Bedford, New Hampshire (NH)

Show street view No street view available for this location
Table of contents:
Centerpoint Bank
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)0
Total assets$32
Cash and due from depository institutions$113,514
Interest-bearing balances$8,153
Federal funds sold & reverse repurchase agreements$23,270
Net loans & leases$3,265
Loan loss allowance $76,633
Trading account assets$881
Bank premises and fixed assets$0
Other real estate owned$1,074
Goodwill and other intangibles$0
All other assets$0
Life insurance assets$1,119
Total liabilities and capital$0
Total liabilities$113,514
Total deposits$106,080
Interest-bearing deposits$88,709
Deposits held in domestic offices$60,472
% insured (estimated)88709.00%
Federal funds purchased & repurchase agreements $82
Trading liabilities$15,529
Other borrowed funds $0
Subordinated debt $893
All other liabilities $0
Total equity capital$949
Total bank equity capital$949
Perpetual preferred stock$7,434
Common stock$0
Undivided profits $5,714
Noncurrent loans and leases $1,640
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $184
Earning assets $386
Long-term assets (5+ years) $103,251
Average Assets, year-to-date $8,420
Average Assets, quarterly $105,326
Volatile liabilities $115,896
Insider loans $22,376
FHLB advances $137
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $36,474
Tier 2 risk-based capital $0
Total risk weighted assets $7,537
Total unused commitments $81,220
Restructured Loans and leases $0
Back to page top, Back to table top

Income and Expense (December 31, 1996)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $8,463
Net interest income $2,803
Provision for loan and lease losses $5,660
Total noninterest income $300
Fiduciary activities $224
Service charges on deposit accounts $0
Trading account gains & fees $133
Additional noninterest income $0
Total noninterest expense $91
Salaries and employee benefits $3,553
Premises and equipment expense $1,663
Additional noninterest expense $530
Pre-tax net operating income $1,360
Securities gains (losses) $2,031
Applicable income taxes $0
Income before extraordinary items $755
Extraordinary gains - net $1,276
Net income attributable to bank $0
Net charge-offs $1,276
Cash dividends $79
Sale, conversion, retirement of capital stock, net $391
Net operating income $241
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 1996)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 9.04%
Net interest margin 2.99%
Noninterest income to earning assets 6.05%
Noninterest expense to earning assets 0.24%
Net operating income to assets 3.80%
Return on assets (ROA) 1.21%
Pretax return on assets 1.21%
Return on equity (ROE) 1.93%
Retained earnings to average equity (YTD only) 19.19%
Net charge-offs to loans 13.31%
Credit loss provision to net charge-offs 0.12%
Efficiency ratio379.75%
Assets per employee$60,367
Cash dividends to net income (YTD only)3.55%
Condition Ratios (%)
Loss allowance to loans 30.64%
Loss allowance to noncurrent loans 1.14%
Noncurrent assets plus other real estate owned to assets 478.80%
Noncurrent loans to loans 0.16%
Net loans and leases to deposits0.24%
Net loans and leases to core deposits 86.39%
Equity capital to assets 93.61%
Core capital (leverage) ratio 6.55%
Tier 1 risk-based capital ratio 6.76%
Total risk-based capital ratio 9.28%
Average assets$10
Average earning assets$105,326
Average equity $6,648
Average loans $93,590
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Centerpoint Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.