Chittenden Trust Company in Burlington, Vermont (VT)
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Table of contents:
| Chittenden Trust Company | |
|---|---|
| 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 |
| Assets and Liabilities (December 31, 2008) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 1,075 |
| Total assets | $3,793,058 |
| Cash and due from depository institutions | $75,586 |
| Interest-bearing balances | $391 |
| Securities | $792,446 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $2,430,221 |
| Loan loss allowance | $28,371 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $61,543 |
| Other real estate owned | $1,432 |
| Goodwill and other intangibles | $362,421 |
| All other assets | $69,409 |
| Life insurance assets | $0 |
| Total liabilities and capital | $3,793,058 |
| Total liabilities | $3,179,776 |
| Total deposits | $2,582,700 |
| Interest-bearing deposits | $2,247,306 |
| Deposits held in domestic offices | $2,582,700 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $444,801 |
| Trading liabilities | $0 |
| Other borrowed funds | $20,772 |
| Subordinated debt | $0 |
| All other liabilities | $131,503 |
| Total equity capital | $613,282 |
| Total bank equity capital | $613,282 |
| Perpetual preferred stock | $613,282 |
| Common stock | $0 |
| Surplus | $1 |
| Undivided profits | $575,612 |
| Memoranda | |
| Noncurrent loans and leases | $37,669 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $747,796 |
| Income earned, not collected on loans | $0 |
| Earning assets | $23,339 |
| Long-term assets (5+ years) | $2,886 |
| Average Assets, year-to-date | $10,799 |
| Average Assets, quarterly | $3,223,058 |
| Volatile liabilities | $0 |
| Insider loans | $3,545,566 |
| FHLB advances | $3,623,345 |
| Loans and leases held for sale | $725,888 |
| Unused loan commitments | $10,809 |
| Tier 1 (core) risk-based capital | $4,621 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $747,796 |
| Restructured Loans and leases | $1,621 |
| Derivatives | $28,571 |
| Income and Expense (December 31, 2008) (Dollar figures in thousands) | |
| Total interest income | $161,170 |
| Total interest expense | $44,564 |
| Net interest income | $116,606 |
| Provision for loan and lease losses | $3,088 |
| Total noninterest income | $65,617 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $0 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $65,617 |
| Total noninterest expense | $130,220 |
| Salaries and employee benefits | $69,320 |
| Premises and equipment expense | $22,480 |
| Additional noninterest expense | $38,420 |
| Pre-tax net operating income | $48,915 |
| Securities gains (losses) | $10,206 |
| Applicable income taxes | $17,658 |
| Income before extraordinary items | $41,463 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $41,463 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $3,842 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2008) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.38% |
| Cost of funding earning assets | 1.49% |
| Net interest margin | 3.89% |
| Noninterest income to earning assets | 2.19% |
| Noninterest expense to earning assets | 4.35% |
| Net operating income to assets | 0.97% |
| Return on assets (ROA) | 1.17% |
| Pretax return on assets | 1.67% |
| Return on equity (ROE) | 7.77% |
| Retained earnings to average equity (YTD only) | 7.77% |
| Net charge-offs to loans | 0.16% |
| Credit loss provision to net charge-offs | 80.37% |
| Efficiency ratio | 13.54% |
| Assets per employee | $64,751 |
| Cash dividends to net income (YTD only) | 3.53% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.15% |
| Noncurrent assets plus other real estate owned to assets | 121.56% |
| Noncurrent loans to loans | 0.65% |
| Net loans and leases to deposits | 0.95% |
| Net loans and leases to core deposits | 94.10% |
| Equity capital to assets | 104.64% |
| Core capital (leverage) ratio | 16.17% |
| Tier 1 risk-based capital ratio | 7.38% |
| Total risk-based capital ratio | 9.12% |
| Memoranda | |
| Average assets | $10 |
| Average earning assets | $3,545,566 |
| Average equity | $533,701 |
| Average loans | $2,995,702 |
| Total Fiduciary and Related Assets (December 31, 2008) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $7,498,334 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $1,251,721 |
| Employee benefit-defined contribution accounts | $463,278 |
| Employee benefit-defined benefit accounts | $31,984 |
| Other retirement accounts | $101,629 |
| Corporate trust and agency accounts | $95,945 |
| Investment management agency accounts | $101,052 |
| Other fiduciary accounts | $457,830 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $3 |
| Number of Accounts | 4383 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $6,246,613 |
| Corporate trust and agency accounts | $22,215 |
| Other fiduciary accounts | $172,286 |
| Fiduciary accounts held in foreign offices | $11,199 |
| Bank Assets Sold and Securitized (December 31, 2007) (Dollar figures in thousands) |
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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.