Connecticut Community Bank, National Association in Westport, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Connecticut Community Bank, National Association in Westport, Connecticut (CT)
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Connecticut Community Bank, National Association - Overview

  • General
  • FDIC Certificate #: 34876
    Status: Active
    Federal Reserve ID: 2756909
    Bank Holding Company (Regulatory Top Holder): Associated Community Bancorp, Inc. (RSSDID: 2863946, Location: Greenwich, CT)
    Date Established: December 28, 1998
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 9 (Domestic: 9, Interstate: No)
    FDIC's unique #: 61938
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 28, 1998
    Last Structure Change Effective Date: July 16, 2008
    Last Structure Change Process Date: July 16, 2008
    Last Data Update: July 16, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1495 Post Road East, Westport, CT 6880
    County: Fairfield
    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): Stamford-Norwalk, CT (#8040)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): Bridgeport-Stamford-Norwalk, CT (#14860)
    CBSA Metro Statistical Area: Bridgeport-Stamford-Norwalk, CT (#14860)
  • Financial Summary
  • Total assets: $403.0 mil
    Equity capital: $36.9 mil
    Deposits held in domestic offices: $363.8 mil
    Return on assets (ROA): -1.95% (-$7.9 mil)
    Quarterly return on assets: -7.52% (-$30.3 mil)
    Return on Equity (ROE): -20.21% (-$7.5 mil)
    Quarterly return on equity: -78.90% (-$29.2 mil)
    Net income: -$7.9 mil
    Quarterly Net income: -$7.6 mil
    Pretax return on assets: -0.60% (-$2,417.9 mil)
    Quarterly Pretax return on assets: -1.88% (-$7,576.2 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, 2011)

  • Dollar figures in thousands
  • 98Total employees (full-time equivalent)
  • $402,987Total assets
  • $80,528Cash and due from depository institutions
  • $73,391Interest-bearing balances
  • $16,817Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $291,216Net loans & leases
  • $5,596Loan loss allowance
  • $0Trading account assets
  • $1,197Bank premises and fixed assets
  • $1,943Other real estate owned
  • $0Goodwill and other intangibles
  • $402,987Life insurance assets
  • $11,286All other assets
  • $366,102Total liabilities and capital
  • $363,761Total liabilities
  • $296,158Total deposits
  • $363,761Interest-bearing deposits
  • $76Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $764Trading liabilities
  • $0Other borrowed funds
  • $1,577Subordinated debt
  • $36,885All other liabilities
  • $36,885Total equity capital
  • $36,885Total bank equity capital
  • $0Perpetual preferred stock
  • $1,919Common stock
  • $41,366Surplus
  • $-6,400Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,562Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $31,471Income earned, not collected on loans
  • $0Earning assets
  • $1,111Long-term assets (5+ years)
  • $381,424Average Assets, year-to-date
  • $39,804Average Assets, quarterly
  • $404,304Volatile liabilities
  • $401,987Insider loans
  • $291,640FHLB advances
  • $402,717Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $36,766Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $55,761Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,318Total interest income
  • $2,708Total interest expense
  • $14,610Net interest income
  • $2,520Provision for loan and lease losses
  • $2,415Total noninterest income
  • $0Fiduciary activities
  • $929Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,486Additional noninterest income
  • $16,937Total noninterest expense
  • $8,561Salaries and employee benefits
  • $3,200Premises and equipment expense
  • $5,176Additional noninterest expense
  • -$2,432Pre-tax net operating income
  • $0Securities gains (losses)
  • $5,455Applicable income taxes
  • -$7,887Income before extraordinary items
  • $0Extraordinary gains - net
  • -$7,887Net income attributable to bank
  • $0Net charge-offs
  • -$7,887Cash dividends
  • $2,819Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.53%Yield on earning assets
  • 0.71%Cost of funding earning assets
  • 3.82%Net interest margin
  • 0.63%Noninterest income to earning assets
  • 4.43%Noninterest expense to earning assets
  • -1.95%Net operating income to assets
  • -1.95%Return on assets (ROA)
  • -0.60%Pretax return on assets
  • -20.21%Return on equity (ROE)
  • -20.21%Retained earnings to average equity (YTD only)
  • 0.93%Net charge-offs to loans
  • 89.39%Credit loss provision to net charge-offs
  • 0.03%Efficiency ratio
  • 99,483Assets per employee
  • 4.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.89%Loss allowance to noncurrent loans
  • 17.78%Noncurrent assets plus other real estate owned to assets
  • 8.29%Noncurrent loans to loans
  • 10.60%Net loans and leases to deposits
  • 80.06%Net loans and leases to core deposits
  • 87.49%Equity capital to assets
  • 9.15%Core capital (leverage) ratio
  • 9.13%Tier 1 risk-based capital ratio
  • 12.61%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $404,304Average earning assets
  • $39,017Average equity
  • $382,297Average loans

List of branches

  • 9 Connecticut Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061938Connecticut Community Bank, National Association1495 Post Road East, Westport, CT 6880December 28, 1998Full Service Brick and Mortar
    1360667Westport National Bank Division1100 Kings Highway East, Fairfield, CT 6825August 01, 2000Full Service Brick and Mortar
    2363144Darien Bank & Trust Division777 Post Road, Darien, CT 6820March 04, 2002Full Service Brick and Mortar
    461027Greenwich Bank & Trust Division115 East Putnam Avenue, Greenwich, CT 6830Febuary 06, 1998Full Service Brick and Mortar
    5290765Riverside Branch1103 East Putnam Avenue, Riverside, CT 6878June 06, 1998Full Service Brick and Mortar
    6290766Glenville Branch273 Glenville Road, Greenwich, CT 6831March 15, 1999Full Service Brick and Mortar
    7442396Norwalk Bank & Trust Division Branch605 West Avenue, Norwalk, CT 6850July 12, 2004Full Service Brick and Mortar
    8447438Stamford Bank And Trust Branch600 Summer Street, Stamford, CT 6928August 15, 2005Full Service Brick and Mortar
    9463380Railroad Branch22 Railroad Avenue, Greenwich, CT 6830March 12, 2007Full Service Brick and Mortar

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