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)
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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

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