Chittenden Trust Company in Burlington, Vermont (VT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2009

  • Chittenden Trust Company in Burlington, Vermont (VT)
  • Show street view No street view available for this location

Chittenden Trust Company - Overview

  • General
  • FDIC Certificate #: 14149
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: People's United Bank (#27334)
    Federal Reserve ID: 40305
    Date Established: November 05, 1906
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 18078
    FDIC's unique #: 8835
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: March 31, 1934
    Last Structure Change Effective Date: January 01, 2009
    Last Structure Change Process Date: Febuary 19, 2009
    Last Data Update: Febuary 19, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: Two Burlington Square, Burlington, VT 5401
    County: Chittenden
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Springfield Ma
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Burlington, VT (#1305)
    Core Based Statistical Area (CBSA): Burlington-South Burlington, VT (#15540)
    CBSA Metro Statistical Area: Burlington-South Burlington, VT (#15540)
  • Financial Summary
  • Total assets: $3,793.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)

  • Dollar figures in thousands
  • 1,075Total employees (full-time equivalent)
  • $3,793,058Total assets
  • $75,586Cash and due from depository institutions
  • $391Interest-bearing balances
  • $792,446Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $2,430,221Net loans & leases
  • $28,371Loan loss allowance
  • $0Trading account assets
  • $61,543Bank premises and fixed assets
  • $1,432Other real estate owned
  • $362,421Goodwill and other intangibles
  • $0Life insurance assets
  • $69,409All other assets
  • $3,793,058Total liabilities and capital
  • $3,179,776Total liabilities
  • $2,582,700Total deposits
  • $2,247,306Interest-bearing deposits
  • $2,582,700Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $444,801Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $20,772Other borrowed funds
  • $0Subordinated debt
  • $131,503All other liabilities
  • $613,282Total equity capital
  • $613,282Total bank equity capital
  • $613,282Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $575,612Undivided profits
  • Memoranda
  • $37,669Noncurrent loans and leases
  • $747,796Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $23,339Earning assets
  • $2,886Long-term assets (5+ years)
  • $10,799Average Assets, year-to-date
  • $3,223,058Average Assets, quarterly
  • $0Volatile liabilities
  • $3,545,566Insider loans
  • $3,623,345FHLB advances
  • $725,888Loans and leases held for sale
  • $10,809Unused loan commitments
  • $4,621Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $747,796Total unused commitments
  • $1,621Restructured Loans and leases
  • $28,571Derivatives
  • $21,453Total assets and liabilities in foreign offices

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $161,170Total interest income
  • $44,564Total interest expense
  • $116,606Net interest income
  • $3,088Provision for loan and lease losses
  • $65,617Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $65,617Additional noninterest income
  • $130,220Total noninterest expense
  • $69,320Salaries and employee benefits
  • $22,480Premises and equipment expense
  • $38,420Additional noninterest expense
  • $48,915Pre-tax net operating income
  • $10,206Securities gains (losses)
  • $17,658Applicable income taxes
  • $41,463Income before extraordinary items
  • $0Extraordinary gains - net
  • $41,463Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3,842Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.38%Yield on earning assets
  • 1.49%Cost of funding earning assets
  • 3.89%Net interest margin
  • 2.19%Noninterest income to earning assets
  • 4.35%Noninterest expense to earning assets
  • 0.97%Net operating income to assets
  • 1.17%Return on assets (ROA)
  • 1.67%Pretax return on assets
  • 7.77%Return on equity (ROE)
  • 7.77%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 80.37%Credit loss provision to net charge-offs
  • 13.54%Efficiency ratio
  • 64,751Assets per employee
  • 3.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.15%Loss allowance to noncurrent loans
  • 121.56%Noncurrent assets plus other real estate owned to assets
  • 0.65%Noncurrent loans to loans
  • 0.95%Net loans and leases to deposits
  • 94.10%Net loans and leases to core deposits
  • 104.64%Equity capital to assets
  • 16.17%Core capital (leverage) ratio
  • 7.38%Tier 1 risk-based capital ratio
  • 9.12%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $3,545,566Average earning assets
  • $533,701Average equity
  • $2,995,702Average loans

Total Fiduciary and Related Assets (December 31, 2008)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $7,498,334Managed Assets
  • 1Number of Accounts
  • $1,251,721Personal trust and agency accounts
  • $463,278Employee benefit-defined contribution accounts
  • $31,984Employee benefit-defined benefit accounts
  • $101,629Other retirement accounts
  • $95,945Corporate trust and agency accounts
  • $101,052Investment management agency accounts
  • $457,830Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $3Non-managed Assets
  • 4383Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $6,246,613Other retirement accounts
  • $22,215Corporate trust and agency accounts
  • $172,286Other fiduciary accounts
  • $11,199Fiduciary accounts held in foreign offices

Bank Assets Sold and Securitized (December 31, 2007)

  • Dollar figures in thousands

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

CAPTCHA

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