Danielson Federal Savings and Loan Association in Danielson, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1994

Danielson Federal Savings and Loan Association in Danielson, Connecticut (CT)
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Danielson Federal Savings and Loan Association - Overview

General
FDIC Certificate #: 28720
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: New London Trust F.S.B. (#17855)
Federal Reserve ID: 443979
Date Established: January 01, 1916
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 2219
FDIC's unique #: 41554
Numeric code: 37
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: January 16, 1935
Last Structure Change Effective Date: January 01, 1994
Last Structure Change Process Date: Febuary 10, 1994
Last Data Update: Febuary 10, 1994
Data Source Date: April 05, 2012
Location
Address: 203 Main St, Danielson, CT 6239
County: Windham
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
Combined Statistical Area (CSA): Hartford-West Hartford-Willimantic, CT (#278)
Core Based Statistical Area (CBSA): Willimantic, CT (#48740)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $104.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$40Total assets
$104,101Cash and due from depository institutions
$2,122Interest-bearing balances
$746Securities
$16,489Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$79,850Loan loss allowance
$1,904Trading account assets
$0Bank premises and fixed assets
$988Other real estate owned
$3,008Goodwill and other intangibles
$1,644Life insurance assets
$0All other assets
$0Total liabilities and capital
$104,101Total liabilities
$103,318Total deposits
$97,090Interest-bearing deposits
$94,802Deposits held in domestic offices
97090.00%% insured (estimated)
$100Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$6,080Subordinated debt
$0All other liabilities
$148Total equity capital
$148Total bank equity capital
$783Perpetual preferred stock
$0Common stock
$402Surplus
$1,804Undivided profits
Memoranda
$-1,423Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,258Income earned, not collected on loans
$470Earning assets
$97,085Long-term assets (5+ years)
$0Average Assets, year-to-date
$105,670Average Assets, quarterly
$104,990Volatile liabilities
$8,833Insider loans
$0FHLB advances
$6,080Loans and leases held for sale
$0Unused loan commitments
$3,492Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$782Total risk weighted assets
$52,811Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$7,043Total interest expense
$4,142Net interest income
$2,901Provision for loan and lease losses
$1,654Total noninterest income
$347Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$347Total noninterest expense
$3,199Salaries and employee benefits
$1,162Premises and equipment expense
$602Additional noninterest expense
$1,435Pre-tax net operating income
-$1,605Securities gains (losses)
$232Applicable income taxes
$8Income before extraordinary items
-$1,381Extraordinary gains - net
-$24Net income attributable to bank
-$1,405Net charge-offs
-$50Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.22%Cost of funding earning assets
4.25%Net interest margin
2.98%Noninterest income to earning assets
0.36%Noninterest expense to earning assets
3.28%Net operating income to assets
-1.53%Return on assets (ROA)
-1.33%Pretax return on assets
-1.32%Return on equity (ROE)
-74.21%Retained earnings to average equity (YTD only)
-74.21%Net charge-offs to loans
-0.06%Credit loss provision to net charge-offs
-3308.00%Efficiency ratio
98,491Assets per employee
2.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.33%Loss allowance to noncurrent loans
58.44%Noncurrent assets plus other real estate owned to assets
6.02%Noncurrent loans to loans
3.99%Net loans and leases to deposits
82.24%Net loans and leases to core deposits
84.64%Equity capital to assets
0.75%Core capital (leverage) ratio
0.75%Tier 1 risk-based capital ratio
1.48%Total risk-based capital ratio
Memoranda
$0Average assets
$105,670Average earning assets
$1,893Average equity
$97,486Average loans

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