Concord Savings Bank in Concord, New Hampshire (NH)

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Concord Savings Bank
GeneralFDIC Certificate #: 18026
Status: Inactive
Closing history: Office Purchased
Acquiring institution: CFX Bank (#17991)
Federal Reserve ID: 64208
Date Established: January 01, 1872
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 7 (Interstate: No)
OTS Docket #: 7712
FDIC's unique #: 11955
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: July 02, 1959
Last Structure Change Effective Date: August 29, 1997
Last Structure Change Process Date: September 15, 1997
Last Data Update: January 14, 1999
Data Source Date: April 05, 2012
LocationAddress: 43 North Main Street, Concord, NH 3301
County: Merrimack
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
Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
Core Based Statistical Area (CBSA): Concord, NH (#18180)
CBSA Micro Statistical Area: Yes
History of ChangesMerger - Without Assistance
Office Purchased
Financial SummaryTotal assets: $492.7 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$191
Cash and due from depository institutions$441,738
Interest-bearing balances$12,587
Federal funds sold & reverse repurchase agreements$99,902
Net loans & leases$0
Loan loss allowance $312,722
Trading account assets$3,024
Bank premises and fixed assets$0
Other real estate owned$8,823
Goodwill and other intangibles$738
All other assets$2,211
Life insurance assets$4,755
Total liabilities and capital$0
Total liabilities$441,738
Total deposits$410,302
Interest-bearing deposits$311,596
Deposits held in domestic offices$284,039
% insured (estimated)311596.00%
Federal funds purchased & repurchase agreements $93
Trading liabilities$24,838
Other borrowed funds $0
Subordinated debt $70,887
All other liabilities $0
Total equity capital$2,981
Total bank equity capital$2,981
Perpetual preferred stock$31,436
Common stock$0
Undivided profits $14,250
Noncurrent loans and leases $16,986
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $942
Earning assets $2,090
Long-term assets (5+ years) $412,631
Average Assets, year-to-date $27,890
Average Assets, quarterly $431,677
Volatile liabilities $442,557
Insider loans $93,182
FHLB advances $419
Loans and leases held for sale $0
Unused loan commitments $1,755
Tier 1 (core) risk-based capital $36,857
Tier 2 risk-based capital $0
Total risk weighted assets $31,217
Total unused commitments $327,750
Restructured Loans and leases $0
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Income and Expense (December 31, 1996)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $33,396
Net interest income $17,207
Provision for loan and lease losses $16,189
Total noninterest income $1,050
Fiduciary activities $4,109
Service charges on deposit accounts $0
Trading account gains & fees $716
Additional noninterest income $0
Total noninterest expense $3,393
Salaries and employee benefits $13,948
Premises and equipment expense $6,594
Additional noninterest expense $2,180
Pre-tax net operating income $5,174
Securities gains (losses) $5,300
Applicable income taxes $538
Income before extraordinary items $1,939
Extraordinary gains - net $3,899
Net income attributable to bank $0
Net charge-offs $3,899
Cash dividends $1,033
Sale, conversion, retirement of capital stock, net $1,264
Net operating income $50
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Performance and Condition Ratios (December 31, 1996)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 8.27%
Net interest margin 4.26%
Noninterest income to earning assets 4.01%
Noninterest expense to earning assets 1.02%
Net operating income to assets 3.45%
Return on assets (ROA) 0.82%
Pretax return on assets 0.90%
Return on equity (ROE) 1.35%
Retained earnings to average equity (YTD only) 12.99%
Net charge-offs to loans 8.78%
Credit loss provision to net charge-offs 0.35%
Efficiency ratio101.65%
Assets per employee$66,534
Cash dividends to net income (YTD only)2.31%
Condition Ratios (%)
Loss allowance to loans 32.42%
Loss allowance to noncurrent loans 0.96%
Noncurrent assets plus other real estate owned to assets 321.02%
Noncurrent loans to loans 0.38%
Net loans and leases to deposits0.30%
Net loans and leases to core deposits 100.36%
Equity capital to assets 108.46%
Core capital (leverage) ratio 7.12%
Tier 1 risk-based capital ratio 7.09%
Total risk-based capital ratio 9.52%
Average assets$10
Average earning assets$431,677
Average equity $30,008
Average loans $403,960
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