Fairfield County Savings Bank in Norwalk, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2004

  • Fairfield County Savings Bank in Norwalk, Connecticut (CT)
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Fairfield County Savings Bank - Overview

  • General
  • FDIC Certificate #: 18201
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Fairfield County Bank (#18213)
    Federal Reserve ID: 227405
    Date Established: January 01, 1874
    WWW: http://www.fairfieldcountysavings.com
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 7 (Interstate: No)
    OTS Docket #: 10967
    FDIC's unique #: 12121
    Numeric code: 42
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 01, 1960
    Last Structure Change Effective Date: January 01, 2004
    Last Structure Change Process Date: Febuary 02, 2004
    Last Data Update: Febuary 02, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 67 Wall Street, Norwalk, CT 6852
    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: $365.0 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, 2003)

  • Dollar figures in thousands
  • 68Total employees (full-time equivalent)
  • $365,038Total assets
  • $20,963Cash and due from depository institutions
  • $6,302Interest-bearing balances
  • $118,896Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $199,854Net loans & leases
  • $1,875Loan loss allowance
  • $0Trading account assets
  • $3,916Bank premises and fixed assets
  • $0Other real estate owned
  • $560Goodwill and other intangibles
  • $0Life insurance assets
  • $20,849All other assets
  • $365,038Total liabilities and capital
  • $332,050Total liabilities
  • $270,745Total deposits
  • $247,380Interest-bearing deposits
  • $270,745Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $57,647Other borrowed funds
  • $0Subordinated debt
  • $3,658All other liabilities
  • $32,988Total equity capital
  • $32,988Total bank equity capital
  • $32,988Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $1,500Undivided profits
  • Memoranda
  • $31,488Noncurrent loans and leases
  • $38,339Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $811Earning assets
  • $0Long-term assets (5+ years)
  • $2,003Average Assets, year-to-date
  • $325,052Average Assets, quarterly
  • $148,690Volatile liabilities
  • $359,225Insider loans
  • $369,727FHLB advances
  • $29,137Loans and leases held for sale
  • $1,000Unused loan commitments
  • $57,647Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $38,339Total unused commitments
  • $0Restructured Loans and leases
  • $1,927Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $16,103Total interest income
  • $5,609Total interest expense
  • $10,494Net interest income
  • $0Provision for loan and lease losses
  • $1,158Total noninterest income
  • $0Fiduciary activities
  • $239Service charges on deposit accounts
  • $0Trading account gains & fees
  • $919Additional noninterest income
  • $9,124Total noninterest expense
  • $4,514Salaries and employee benefits
  • $1,090Premises and equipment expense
  • $3,520Additional noninterest expense
  • $2,528Pre-tax net operating income
  • -$279Securities gains (losses)
  • $470Applicable income taxes
  • $1,779Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,779Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $21Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.95%Yield on earning assets
  • 1.72%Cost of funding earning assets
  • 3.23%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 2.81%Noninterest expense to earning assets
  • 0.56%Net operating income to assets
  • 0.50%Return on assets (ROA)
  • 0.63%Pretax return on assets
  • 5.48%Return on equity (ROE)
  • 5.48%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 120.38%Efficiency ratio
  • 78,304Assets per employee
  • 5.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.93%Loss allowance to noncurrent loans
  • 231.20%Noncurrent assets plus other real estate owned to assets
  • 0.22%Noncurrent loans to loans
  • 0.40%Net loans and leases to deposits
  • 73.82%Net loans and leases to core deposits
  • 82.04%Equity capital to assets
  • 9.04%Core capital (leverage) ratio
  • 8.89%Tier 1 risk-based capital ratio
  • 19.94%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $359,225Average earning assets
  • $32,446Average equity
  • $325,273Average loans

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