Dime Bank in Norwich, Connecticut (CT), RI
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Dime Bank in Norwich, Connecticut (CT), RI
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Dime Bank - Overview

  • General
  • FDIC Certificate #: 18200
    Status: Active
    Federal Reserve ID: 311603
    Date Established: January 01, 1869
    WWW: http://www.dime-bank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 11 (Domestic: 11, Interstate: Yes)
    OTS Docket #: 8347
    FDIC's unique #: 12120
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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: Commercial Lending Specialization
    Date of Deposit Insurance: July 01, 1960
    Last Structure Change Effective Date: Febuary 11, 2008
    Last Structure Change Process Date: May 08, 2008
    Last Data Update: May 08, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 290 Salem Turnpike, Norwich, CT 6360
    County: New London
    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): New London-Norwich, CT-RI (#5520)
    Core Based Statistical Area (CBSA): Norwich-New London, CT (#35980)
    CBSA Metro Statistical Area: Norwich-New London, CT (#35980)
  • Financial Summary
  • Total assets: $707.4 mil
    Equity capital: $68.6 mil
    Deposits held in domestic offices: $491.2 mil
    Return on assets (ROA): 0.85% ($6.0 mil)
    Quarterly return on assets: 0.16% ($1.1 mil)
    Return on Equity (ROE): 8.56% ($5.9 mil)
    Quarterly return on equity: 1.58% ($1.1 mil)
    Net income: $5.8 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.17% ($8,276.6 mil)
    Quarterly Pretax return on assets: 0.10% ($707.4 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
  • 165Total employees (full-time equivalent)
  • $707,405Total assets
  • $34,515Cash and due from depository institutions
  • $25,182Interest-bearing balances
  • $111,381Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $504,620Net loans & leases
  • $5,372Loan loss allowance
  • $0Trading account assets
  • $13,943Bank premises and fixed assets
  • $3,520Other real estate owned
  • $1,998Goodwill and other intangibles
  • $707,405Life insurance assets
  • $37,428All other assets
  • $638,841Total liabilities and capital
  • $491,221Total liabilities
  • $384,310Total deposits
  • $491,221Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $137,235Trading liabilities
  • $0Other borrowed funds
  • $10,385Subordinated debt
  • $68,564All other liabilities
  • $68,564Total equity capital
  • $68,564Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $68,564Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,198Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,098Income earned, not collected on loans
  • $0Earning assets
  • $2,143Long-term assets (5+ years)
  • $641,183Average Assets, year-to-date
  • $200,107Average Assets, quarterly
  • $687,260Volatile liabilities
  • $700,480Insider loans
  • $542,335FHLB advances
  • $704,513Loans and leases held for sale
  • $16,770Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $74,958Tier 2 risk-based capital
  • $16,770Total risk weighted assets
  • $0Total unused commitments
  • $93,292Restructured Loans and leases
  • $1,952Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $31,670Total interest income
  • $10,173Total interest expense
  • $21,497Net interest income
  • $1,868Provision for loan and lease losses
  • $8,022Total noninterest income
  • $300Fiduciary activities
  • $1,356Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,366Additional noninterest income
  • $20,830Total noninterest expense
  • $13,365Salaries and employee benefits
  • $2,151Premises and equipment expense
  • $5,314Additional noninterest expense
  • $6,821Pre-tax net operating income
  • $1,238Securities gains (losses)
  • $2,216Applicable income taxes
  • $5,843Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,843Net income attributable to bank
  • $0Net charge-offs
  • $5,843Cash dividends
  • $1,621Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.08%Yield on earning assets
  • 1.63%Cost of funding earning assets
  • 3.45%Net interest margin
  • 1.29%Noninterest income to earning assets
  • 3.34%Noninterest expense to earning assets
  • 0.72%Net operating income to assets
  • 0.85%Return on assets (ROA)
  • 1.17%Pretax return on assets
  • 8.56%Return on equity (ROE)
  • 8.56%Retained earnings to average equity (YTD only)
  • 0.32%Net charge-offs to loans
  • 115.24%Credit loss provision to net charge-offs
  • 5.36%Efficiency ratio
  • 70,538Assets per employee
  • 4.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.05%Loss allowance to noncurrent loans
  • 44.40%Noncurrent assets plus other real estate owned to assets
  • 2.21%Noncurrent loans to loans
  • 2.37%Net loans and leases to deposits
  • 102.73%Net loans and leases to core deposits
  • 108.05%Equity capital to assets
  • 9.69%Core capital (leverage) ratio
  • 10.64%Tier 1 risk-based capital ratio
  • 13.82%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $687,260Average earning assets
  • $68,232Average equity
  • $622,861Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $73,054Managed Assets
  • 1Number of Accounts
  • $55,085Personal trust and agency accounts
  • $43,805Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $1,988Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $9,292Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 117Number of Accounts
  • $0Personal trust and agency accounts
  • $1,988Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $17,969Other retirement accounts
  • $11,900Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $48Fiduciary accounts held in foreign offices

List of branches

  • 10 Connecticut Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012120Dime Bank290 Salem Turnpike, Norwich, CT 6360January 01, 1869Full Service Brick and Mortar
    1244253Ledyard Branch744 Colonel Ledyard Highway, Ledyard, CT 6339April 23, 1977Full Service Brick and Mortar
    3244255Taftville Branch630 Norwich Avenue, Taftville, CT 6380May 07, 1982Full Service Brick and Mortar
    5244257Broadway Branch33 Broadway, Norwich, CT 6360November 15, 1996Full Service Brick and Mortar
    6244258Norwichtown Branch115 West Town Street, Norwich, CT 6360September 21, 1996Full Service Brick and Mortar
    7244259Montville Branch563 Norwich New London Turnpike, Uncasville, CT 6382December 05, 1997Full Service Brick and Mortar
    9244261East Lyme Branch18 Chesterfield Road, East Lyme, CT 6333December 13, 1999Full Service Brick and Mortar
    10426512New London Branch668 Bank Street, New London, CT 6320Febuary 21, 2004Full Service Brick and Mortar
    12456672Nl Shoprite Branch351 North Frontage Road, New London, CT 6320November 20, 2006Full Service Retail
    13494902Stonington Branch4 Cannon Square, Stonington, CT 6378August 29, 2009Full Service Brick and Mortar
  • 1 Rhode Island Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    11428538Westerly Branch131 Franklin Street, Westerly, RI 2891May 15, 2004Full Service Brick and Mortar

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