Darien Rowayton Bank in Darien, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

Darien Rowayton Bank - Overview

  • General
  • FDIC Certificate #: 58257
    Status: Active
    Federal Reserve ID: 3428258
    Bank Holding Company (Regulatory Top Holder): Alcar Llc (RSSDID: 3958821, Location: New York, NY)
    Date Established: April 24, 2006
    WWW: http://www.drbankonline.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 444636
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: April 24, 2006
    Last Structure Change Effective Date: July 21, 2008
    Last Structure Change Process Date: September 28, 2009
    Last Data Update: September 28, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 1001 Post Rd, Darien, CT 6820
    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)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $200.7 mil
    Equity capital: $15.7 mil
    Deposits held in domestic offices: $149.2 mil
    Return on assets (ROA): -1.06% (-$2.1 mil)
    Quarterly return on assets: -0.49% (-$1.0 mil)
    Return on Equity (ROE): -13.06% (-$2.1 mil)
    Quarterly return on equity: -6.18% (-$1.0 mil)
    Net income: -$1.7 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -1.06% (-$2,127.3 mil)
    Quarterly Pretax return on assets: -0.49% (-$983.4 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
  • 33Total employees (full-time equivalent)
  • $200,691Total assets
  • $9,034Cash and due from depository institutions
  • $7,304Interest-bearing balances
  • $32,716Securities
  • $131Federal funds sold & reverse repurchase agreements
  • $149,851Net loans & leases
  • $1,778Loan loss allowance
  • $0Trading account assets
  • $5,244Bank premises and fixed assets
  • $323Other real estate owned
  • $0Goodwill and other intangibles
  • $200,691Life insurance assets
  • $3,392All other assets
  • $185,005Total liabilities and capital
  • $149,150Total liabilities
  • $138,120Total deposits
  • $149,150Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $34,500Trading liabilities
  • $0Other borrowed funds
  • $1,355Subordinated debt
  • $15,686All other liabilities
  • $15,686Total equity capital
  • $15,686Total bank equity capital
  • $0Perpetual preferred stock
  • $4,880Common stock
  • $28,940Surplus
  • $-18,134Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $142Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,268Income earned, not collected on loans
  • $0Earning assets
  • $775Long-term assets (5+ years)
  • $190,002Average Assets, year-to-date
  • $27,155Average Assets, quarterly
  • $163,014Volatile liabilities
  • $184,126Insider loans
  • $130,061FHLB advances
  • $183,154Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,765Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,918Restructured Loans and leases
  • $125Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,183Total interest income
  • $1,552Total interest expense
  • $4,631Net interest income
  • $780Provision for loan and lease losses
  • $474Total noninterest income
  • $0Fiduciary activities
  • $193Service charges on deposit accounts
  • $0Trading account gains & fees
  • $281Additional noninterest income
  • $6,082Total noninterest expense
  • $3,014Salaries and employee benefits
  • $1,104Premises and equipment expense
  • $1,964Additional noninterest expense
  • -$1,757Pre-tax net operating income
  • $28Securities gains (losses)
  • $0Applicable income taxes
  • -$1,729Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,729Net income attributable to bank
  • $0Net charge-offs
  • -$1,729Cash dividends
  • $610Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.03%Yield on earning assets
  • 1.01%Cost of funding earning assets
  • 3.02%Net interest margin
  • 0.31%Noninterest income to earning assets
  • 3.97%Noninterest expense to earning assets
  • -1.08%Net operating income to assets
  • -1.06%Return on assets (ROA)
  • -1.06%Pretax return on assets
  • -13.06%Return on equity (ROE)
  • -13.06%Retained earnings to average equity (YTD only)
  • 0.48%Net charge-offs to loans
  • 127.87%Credit loss provision to net charge-offs
  • -1.60%Efficiency ratio
  • 119,138Assets per employee
  • 6.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 140.22%Noncurrent assets plus other real estate owned to assets
  • 0.79%Noncurrent loans to loans
  • 0.84%Net loans and leases to deposits
  • 100.47%Net loans and leases to core deposits
  • 114.00%Equity capital to assets
  • 7.82%Core capital (leverage) ratio
  • 8.61%Tier 1 risk-based capital ratio
  • 12.12%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $163,014Average earning assets
  • $13,243Average equity
  • $153,344Average loans

List of branches

  • 2 Connecticut Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0444636Darien Rowayton Bank1001 Post Rd, Darien, CT 6820April 24, 2006Full Service Brick and Mortar
    2468936Rowayton Branch138 Rowayton Avenue, Norwalk, CT 6853August 24, 2006Full Service Brick and Mortar

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