First County Bank in Stamford, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

First County Bank - Overview

  • General
  • FDIC Certificate #: 18204
    Status: Active
    Federal Reserve ID: 958204
    Date Established: June 20, 1851
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 15 (Domestic: 15, Interstate: No)
    OTS Docket #: 7711
    FDIC's unique #: 12124
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: July 01, 1960
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 160 Atlantic Street, Stamford, CT 6904
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $1,319.1 mil
    Equity capital: $101.4 mil
    Deposits held in domestic offices: $966.5 mil
    Return on assets (ROA): 0.24% ($3.2 mil)
    Quarterly return on assets: 0.27% ($3.6 mil)
    Return on Equity (ROE): 2.99% ($3.0 mil)
    Quarterly return on equity: 3.45% ($3.5 mil)
    Net income: $3.1 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 0.31% ($4,089.3 mil)
    Quarterly Pretax return on assets: 0.33% ($4,353.2 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
  • 221Total employees (full-time equivalent)
  • $1,319,140Total assets
  • $30,284Cash and due from depository institutions
  • $25,757Interest-bearing balances
  • $361,507Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $824,826Net loans & leases
  • $11,602Loan loss allowance
  • $0Trading account assets
  • $18,879Bank premises and fixed assets
  • $1,400Other real estate owned
  • $988Goodwill and other intangibles
  • $1,319,140Life insurance assets
  • $81,256All other assets
  • $1,217,749Total liabilities and capital
  • $966,517Total liabilities
  • $922,664Total deposits
  • $966,517Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 50003.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $173,950Trading liabilities
  • $0Other borrowed funds
  • $27,279Subordinated debt
  • $101,391All other liabilities
  • $101,391Total equity capital
  • $101,391Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $8,230Surplus
  • $93,161Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $24,196Income earned, not collected on loans
  • $0Earning assets
  • $4,546Long-term assets (5+ years)
  • $1,212,090Average Assets, year-to-date
  • $651,137Average Assets, quarterly
  • $1,313,025Volatile liabilities
  • $1,314,176Insider loans
  • $900,918FHLB advances
  • $1,306,075Loans and leases held for sale
  • $31,250Unused loan commitments
  • $12,056Tier 1 (core) risk-based capital
  • $116,885Tier 2 risk-based capital
  • $18,219Total risk weighted assets
  • $975Total unused commitments
  • $167,542Restructured Loans and leases
  • $9,378Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $53,866Total interest income
  • $14,336Total interest expense
  • $39,530Net interest income
  • $2,762Provision for loan and lease losses
  • $5,859Total noninterest income
  • $1,142Fiduciary activities
  • $1,954Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,763Additional noninterest income
  • $38,532Total noninterest expense
  • $22,213Salaries and employee benefits
  • $6,396Premises and equipment expense
  • $9,923Additional noninterest expense
  • $4,095Pre-tax net operating income
  • -$13Securities gains (losses)
  • $992Applicable income taxes
  • $3,090Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,090Net income attributable to bank
  • $0Net charge-offs
  • $3,090Cash dividends
  • $2,788Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.47%Yield on earning assets
  • 1.19%Cost of funding earning assets
  • 3.28%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 3.20%Noninterest expense to earning assets
  • 0.24%Net operating income to assets
  • 0.24%Return on assets (ROA)
  • 0.31%Pretax return on assets
  • 2.99%Return on equity (ROE)
  • 2.99%Retained earnings to average equity (YTD only)
  • 0.34%Net charge-offs to loans
  • 99.07%Credit loss provision to net charge-offs
  • 2.46%Efficiency ratio
  • 84,893Assets per employee
  • 5.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 47.95%Noncurrent assets plus other real estate owned to assets
  • 1.96%Noncurrent loans to loans
  • 2.89%Net loans and leases to deposits
  • 85.34%Net loans and leases to core deposits
  • 99.17%Equity capital to assets
  • 7.69%Core capital (leverage) ratio
  • 8.95%Tier 1 risk-based capital ratio
  • 12.97%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $1,313,025Average earning assets
  • $103,264Average equity
  • $1,205,815Average 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
  • $168,182Managed Assets
  • 1Number of Accounts
  • $151,863Personal trust and agency accounts
  • $9,117Employee benefit-defined contribution accounts
  • $4,008Employee benefit-defined benefit accounts
  • $37,078Other retirement accounts
  • $24,531Corporate trust and agency accounts
  • $717Investment management agency accounts
  • $61,688Other fiduciary accounts
  • $5,266Fiduciary accounts held in foreign offices
  • $9,458Non-managed Assets
  • 467Number of Accounts
  • $0Personal trust and agency accounts
  • $24,432Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $16,319Other retirement accounts
  • $9,100Corporate trust and agency accounts
  • $64Other fiduciary accounts
  • $5,027Fiduciary accounts held in foreign offices

List of branches

  • 15 Connecticut Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012124First County Bank160 Atlantic Street, Stamford, CT 6904June 20, 1851Full Service Brick and Mortar
    1244278Darien Branch1006 Post Road, Darien, CT 6820July 15, 1961Full Service Brick and Mortar
    2244279Greenwich Branch59 Mason Street, Greenwich, CT 6830May 11, 1963Full Service Brick and Mortar
    3244280North Stamford Branch1042 High Ridge Road, Stamford, CT 6905April 12, 1969Full Service Brick and Mortar
    4244281Summer Street Branch2950 Summer Street, Stamford, CT 6905November 25, 1978Full Service Brick and Mortar
    5244282Springdale Branch1110 Hope Street, Stamford, CT 6907May 02, 1983Full Service Brick and Mortar
    6244283Prospect Street Branch117 Prospect Street, Stamford, CT 6901June 21, 1988Full Service Brick and Mortar
    7244284New Canaan Branch95 Park Street, New Canaan, CT 6840June 04, 1990Full Service Brick and Mortar
    8244285Hope Street Branch275 Hope Street, Stamford, CT 6904November 07, 1996Full Service Brick and Mortar
    9244286Post Road Branch1260 Post Road East, Westport, CT 6880September 04, 1996Full Service Brick and Mortar
    10419176Norwalk Branch469 Westport Avenue, Norwalk, CT 6851May 08, 2003Full Service Brick and Mortar
    11433922Main Avenue Norwalk Branch660 Main Avenue, Norwalk, CT 6851December 04, 2004Full Service Brick and Mortar
    12447350West Main Street Branch1980 West Main Street, Stamford, CT 6902November 19, 2005Full Service Brick and Mortar
    13452953Shippan Avenue Branch637 Shippan Avenue, Stamford, CT 6902July 15, 2006Full Service Brick and Mortar
    14500230Connecticut Avenue Branch700 Connecticut Avenue, Norwalk, CT 6854August 10, 2009Full Service Brick and Mortar

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