First Brandon National Bank in Brandon, Vermont (VT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 2007

  • First Brandon National Bank in Brandon, Vermont (VT)
  • Show street view No street view available for this location

First Brandon National Bank - Overview

  • General
  • FDIC Certificate #: 6263
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Lake Sunapee Bank, FSB (#31953)
    Federal Reserve ID: 261904
    Date Established: January 01, 1863
    WWW: http://www.fbnb.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Interstate: No)
    OTS Docket #: 9004
    FDIC's unique #: 4230
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 01, 2007
    Last Structure Change Process Date: June 14, 2007
    Last Data Update: June 14, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: Two Park Street, Brandon, VT 5733
    County: Rutland
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Springfield Ma
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Core Based Statistical Area (CBSA): Rutland, VT (#40860)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $100.7 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, 2006)

  • Dollar figures in thousands
  • 37Total employees (full-time equivalent)
  • $104,171Total assets
  • $2,066Cash and due from depository institutions
  • $8Interest-bearing balances
  • $19,555Securities
  • $12,534Federal funds sold & reverse repurchase agreements
  • $64,433Net loans & leases
  • $588Loan loss allowance
  • $0Trading account assets
  • $1,782Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $2,189Life insurance assets
  • $3,801All other assets
  • $104,171Total liabilities and capital
  • $93,335Total liabilities
  • $88,016Total deposits
  • $75,560Interest-bearing deposits
  • $88,016Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,857Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $524Other borrowed funds
  • $0Subordinated debt
  • $938All other liabilities
  • $10,836Total equity capital
  • $10,836Total bank equity capital
  • $10,836Perpetual preferred stock
  • $0Common stock
  • $200Surplus
  • $200Undivided profits
  • Memoranda
  • $10,436Noncurrent loans and leases
  • $9,130Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $916Earning assets
  • $0Long-term assets (5+ years)
  • $479Average Assets, year-to-date
  • $96,530Average Assets, quarterly
  • $22,324Volatile liabilities
  • $97,924Insider loans
  • $101,849FHLB advances
  • $12,148Loans and leases held for sale
  • $142Unused loan commitments
  • $524Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,130Total unused commitments
  • $0Restructured Loans and leases
  • $613Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $5,796Total interest income
  • $1,572Total interest expense
  • $4,224Net interest income
  • -$275Provision for loan and lease losses
  • $789Total noninterest income
  • $0Fiduciary activities
  • $378Service charges on deposit accounts
  • $0Trading account gains & fees
  • $411Additional noninterest income
  • $3,404Total noninterest expense
  • $1,809Salaries and employee benefits
  • $409Premises and equipment expense
  • $1,186Additional noninterest expense
  • $1,884Pre-tax net operating income
  • $9Securities gains (losses)
  • $524Applicable income taxes
  • $1,369Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,369Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$9Sale, conversion, retirement of capital stock, net
  • $440Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.44%Yield on earning assets
  • 1.75%Cost of funding earning assets
  • 4.70%Net interest margin
  • 0.88%Noninterest income to earning assets
  • 3.78%Noninterest expense to earning assets
  • 1.39%Net operating income to assets
  • 1.40%Return on assets (ROA)
  • 1.93%Pretax return on assets
  • 13.29%Return on equity (ROE)
  • 9.02%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • 3055.56%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 67,903Assets per employee
  • 2.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 32.14%Loss allowance to loans
  • 0.90%Loss allowance to noncurrent loans
  • 64.19%Noncurrent assets plus other real estate owned to assets
  • 0.88%Noncurrent loans to loans
  • 1.41%Net loans and leases to deposits
  • 73.21%Net loans and leases to core deposits
  • 80.44%Equity capital to assets
  • 10.40%Core capital (leverage) ratio
  • 10.63%Tier 1 risk-based capital ratio
  • 19.50%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $97,924Average earning assets
  • $10,299Average equity
  • $89,943Average loans

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