First Bank of West Hartford in West Hartford, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 08, 1997

  • First Bank of West Hartford in West Hartford, Connecticut (CT)
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First Bank of West Hartford - Overview

  • General
  • FDIC Certificate #: 27154
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: New England Bank and Trust Company (#20536)
    Federal Reserve ID: 1162923
    Date Established: January 11, 1988
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 13540
    FDIC's unique #: 38970
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 11, 1988
    Last Structure Change Effective Date: August 08, 1997
    Last Structure Change Process Date: August 18, 1997
    Last Data Update: August 18, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 1013 Farmington Avenue, West Hartford, CT 6107
    County: Hartford
    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): Hartford, CT (#3280)
    Combined Statistical Area (CSA): Hartford-West Hartford-Willimantic, CT (#278)
    Core Based Statistical Area (CBSA): Hartford-West Hartford-East Hartford, CT (#25540)
    CBSA Metro Statistical Area: Hartford-West Hartford-East Hartford, CT (#25540)
  • Financial Summary
  • Total assets: $83.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $27Total assets
  • $83,472Cash and due from depository institutions
  • $3,100Interest-bearing balances
  • $25Securities
  • $25,841Federal funds sold & reverse repurchase agreements
  • $5,450Net loans & leases
  • $43,923Loan loss allowance
  • $1,146Trading account assets
  • $0Bank premises and fixed assets
  • $2,804Other real estate owned
  • $207Goodwill and other intangibles
  • $2,147Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $83,472Total liabilities
  • $74,952Total deposits
  • $70,106Interest-bearing deposits
  • $59,132Deposits held in domestic offices
  • 70106.00%% insured (estimated)
  • $89Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $4,226Subordinated debt
  • $0All other liabilities
  • $620Total equity capital
  • $620Total bank equity capital
  • $8,520Perpetual preferred stock
  • $0Common stock
  • $15Surplus
  • $10,683Undivided profits
  • Memoranda
  • $-2,178Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $683Income earned, not collected on loans
  • $370Earning assets
  • $75,239Long-term assets (5+ years)
  • $11,260Average Assets, year-to-date
  • $79,278Average Assets, quarterly
  • $80,213Volatile liabilities
  • $5,056Insider loans
  • $4,033FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $7,558Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $8,384Total risk weighted assets
  • $53,906Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $6,058Total interest expense
  • $2,092Net interest income
  • $3,966Provision for loan and lease losses
  • $355Total noninterest income
  • $1,041Fiduciary activities
  • $0Service charges on deposit accounts
  • $202Trading account gains & fees
  • $0Additional noninterest income
  • $839Total noninterest expense
  • $3,269Salaries and employee benefits
  • $1,385Premises and equipment expense
  • $560Additional noninterest expense
  • $1,324Pre-tax net operating income
  • $1,383Securities gains (losses)
  • -$13Applicable income taxes
  • $257Income before extraordinary items
  • $1,113Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,113Net charge-offs
  • $638Cash dividends
  • $225Sale, conversion, retirement of capital stock, net
  • $1,261Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.62%Cost of funding earning assets
  • 2.98%Net interest margin
  • 5.65%Noninterest income to earning assets
  • 1.48%Noninterest expense to earning assets
  • 4.65%Net operating income to assets
  • 1.42%Return on assets (ROA)
  • 1.40%Pretax return on assets
  • 1.73%Return on equity (ROE)
  • 15.39%Retained earnings to average equity (YTD only)
  • 12.28%Net charge-offs to loans
  • 1.49%Credit loss provision to net charge-offs
  • 55.64%Efficiency ratio
  • 65,289Assets per employee
  • 3.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 20.22%Loss allowance to loans
  • 2.54%Loss allowance to noncurrent loans
  • 167.79%Noncurrent assets plus other real estate owned to assets
  • 1.07%Noncurrent loans to loans
  • 1.52%Net loans and leases to deposits
  • 62.65%Net loans and leases to core deposits
  • 66.22%Equity capital to assets
  • 10.21%Core capital (leverage) ratio
  • 10.56%Tier 1 risk-based capital ratio
  • 15.55%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $79,278Average earning assets
  • $7,233Average equity
  • $70,252Average loans

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