FDIC Certificate #: 26193 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:Webster Bank, National Association (#18221) Federal Reserve ID: 886709 Date Established: April 18, 1985 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 8248 FDIC's unique #: 32519 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes FDIC Insured: Yes Insured Savings Institution: Yes State Chartered: Yes Date of Deposit Insurance: April 18, 1985 Last Structure Change Effective Date: December 01, 1999 Last Structure Change Process Date: Febuary 01, 2000 Last Data Update: Febuary 01, 2000 Data Source Date: April 05, 2012
Location
Address: 206 North Main Street, Bristol, CT 6010 County: Hartford Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Hartford Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Hartford, CT (#3280) Combined Statistical Area (CSA): Hartford-West Hartford-Willimantic, CT (#278) Core Based Statistical Area (CBSA): Hartford-West Hartford-East Hartford, CT (#25540) CBSA Metro Statistical Area: Hartford-West Hartford-East Hartford, CT (#25540)
Financial Summary
Total assets: $59.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
23Total employees (full-time equivalent)
$66,748Total assets
$1,841Cash and due from depository institutions
$15Interest-bearing balances
$17,650Securities
$5,350Federal funds sold & reverse repurchase agreements
$37,405Net loans & leases
$1,118Loan loss allowance
$0Trading account assets
$1,482Bank premises and fixed assets
$435Other real estate owned
$1,011Goodwill and other intangibles
$0Life insurance assets
$1,574All other assets
$66,748Total liabilities and capital
$60,408Total liabilities
$59,336Total deposits
$52,144Interest-bearing deposits
$59,336Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$692Other borrowed funds
$0Subordinated debt
$380All other liabilities
$6,340Total equity capital
$6,340Total bank equity capital
$6,340Perpetual preferred stock
$0Common stock
$1Surplus
$6,100Undivided profits
Memoranda
$239Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$885Earning assets
$0Long-term assets (5+ years)
$257Average Assets, year-to-date
$60,420Average Assets, quarterly
$33,174Volatile liabilities
$69,827Insider loans
$68,072FHLB advances
$4,211Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,729Total unused commitments
$0Restructured Loans and leases
$35,516Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$5,064Total interest income
$2,601Total interest expense
$2,463Net interest income
$165Provision for loan and lease losses
$242Total noninterest income
$0Fiduciary activities
$143Service charges on deposit accounts
$0Trading account gains & fees
$99Additional noninterest income
$2,093Total noninterest expense
$920Salaries and employee benefits
$271Premises and equipment expense
$902Additional noninterest expense
$447Pre-tax net operating income
$0Securities gains (losses)
$210Applicable income taxes
$237Income before extraordinary items
$0Extraordinary gains - net
$237Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,155Sale, conversion, retirement of capital stock, net
$56Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.08%Yield on earning assets
4.15%Cost of funding earning assets
3.93%Net interest margin
0.39%Noninterest income to earning assets
3.34%Noninterest expense to earning assets
0.34%Net operating income to assets
0.34%Return on assets (ROA)
0.64%Pretax return on assets
3.81%Return on equity (ROE)
2.91%Retained earnings to average equity (YTD only)
2.52%Net charge-offs to loans
14.29%Credit loss provision to net charge-offs
0.53%Efficiency ratio
74,529Assets per employee
2.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
23.63%Loss allowance to loans
2.90%Loss allowance to noncurrent loans
126.33%Noncurrent assets plus other real estate owned to assets
1.98%Noncurrent loans to loans
2.30%Net loans and leases to deposits
63.04%Net loans and leases to core deposits
67.85%Equity capital to assets
9.50%Core capital (leverage) ratio
7.64%Tier 1 risk-based capital ratio
14.26%Total risk-based capital ratio
Memoranda
$16Average assets
$69,827Average earning assets
$6,225Average equity
$62,650Average loans
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