Eastern Federal Bank in city_name, state_name - Detailed Financial Reports, Location

Eastern Federal Bank in Norwich, Connecticut (CT)
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Eastern Federal Bank - Overview

General
FDIC Certificate #: 28167
Status: Active
Federal Reserve ID: 939070
Date Established: January 01, 1915
WWW: http://www.bankefb.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 1039
FDIC's unique #: 41001
Numeric code: 34
Regulator: OCC
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: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: April 27, 1949
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
Location
Address: 257 Main Street, 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)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $163.1 mil
Equity capital: $18.3 mil
Deposits held in domestic offices: $119.2 mil
Return on assets (ROA): 0.18% ($0.3 mil)
Quarterly return on assets: 0.06% ($0.1 mil)
Return on Equity (ROE): 1.58% ($0.3 mil)
Quarterly return on equity: 0.50% ($0.1 mil)
Net income: $0.3 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.22% ($358.7 mil)
Quarterly Pretax return on assets: 0.04% ($65.2 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
43Total employees (full-time equivalent)
$163,064Total assets
$13,661Cash and due from depository institutions
$11,776Interest-bearing balances
$1,174Securities
$0Federal funds sold & reverse repurchase agreements
$134,830Net loans & leases
$1,330Loan loss allowance
$0Trading account assets
$3,034Bank premises and fixed assets
$830Other real estate owned
$163Goodwill and other intangibles
$163,064Life insurance assets
$9,372All other assets
$144,742Total liabilities and capital
$119,188Total liabilities
$104,011Total deposits
$119,188Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$24,712Trading liabilities
$0Other borrowed funds
$842Subordinated debt
$18,322All other liabilities
$18,322Total equity capital
$18,322Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$18,322Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,991Income earned, not collected on loans
$0Earning assets
$460Long-term assets (5+ years)
$147,780Average Assets, year-to-date
$0Average Assets, quarterly
$163,450Volatile liabilities
$161,273Insider loans
$113,879FHLB advances
$163,043Loans and leases held for sale
$4,036Unused loan commitments
$0Tier 1 (core) risk-based capital
$18,301Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$22,365Restructured Loans and leases
$166Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$6,722Total interest income
$1,864Total interest expense
$4,858Net interest income
$70Provision for loan and lease losses
$718Total noninterest income
$0Fiduciary activities
$289Service charges on deposit accounts
$0Trading account gains & fees
$429Additional noninterest income
$5,141Total noninterest expense
$3,036Salaries and employee benefits
$1,282Premises and equipment expense
$823Additional noninterest expense
$365Pre-tax net operating income
$0Securities gains (losses)
$77Applicable income taxes
$288Income before extraordinary items
$0Extraordinary gains - net
$288Net income attributable to bank
$0Net charge-offs
$288Cash dividends
$69Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.56%Yield on earning assets
1.26%Cost of funding earning assets
3.29%Net interest margin
0.49%Noninterest income to earning assets
3.48%Noninterest expense to earning assets
0.18%Net operating income to assets
0.18%Return on assets (ROA)
0.22%Pretax return on assets
1.58%Return on equity (ROE)
1.58%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
101.45%Credit loss provision to net charge-offs
6.30%Efficiency ratio
92,199Assets per employee
3.79%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.98%Loss allowance to noncurrent loans
33.32%Noncurrent assets plus other real estate owned to assets
2.96%Noncurrent loans to loans
2.93%Net loans and leases to deposits
113.12%Net loans and leases to core deposits
119.68%Equity capital to assets
11.24%Core capital (leverage) ratio
11.22%Tier 1 risk-based capital ratio
16.07%Total risk-based capital ratio
Memoranda
$17Average assets
$163,450Average earning assets
$18,222Average equity
$147,556Average loans

List of branches

4 Connecticut Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	41001	Eastern Federal Bank	257 Main Street, Norwich, CT 6360	January 01, 1915	Full Service Brick and Mortar
1	265308	West Side Office	666 West Main Street, Norwich, CT 6360	January 01, 1915	Full Service Brick and Mortar
2	265309	Jewett City Branch	1 Slater Avenue, Jewett City, CT 6351	January 01, 1915	Full Service Brick and Mortar
102	464003	Plainfield Branch	14 Lathrop Road, Plainfield, CT 6374	Febuary 14, 2004	Full Service Brick and Mortar

Eastern Federal Bank in Norwich, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

Eastern Federal Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Eastern Federal Bank in Norwich, Connecticut (CT)Overview, Financial Summary, Detailed Financial Reports, Branches

Eastern Federal Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Eastern Federal Bank in Norwich, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches