First New London Savings and Loan Association Incorporated in New London, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 1997

  • First New London Savings and Loan Association Incorporated in New London, Connecticut (CT)
  • Show street view No street view available for this location

First New London Savings and Loan Association Incorporated - Overview

  • General
  • FDIC Certificate #: 29519
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Liberty Bank (#17943)
    Federal Reserve ID: 567978
    Date Established: January 01, 1914
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3585
    FDIC's unique #: 42353
    Numeric code: 36
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: August 19, 1952
    Last Structure Change Effective Date: November 01, 1997
    Last Structure Change Process Date: December 29, 1997
    Last Data Update: December 29, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 61 Bank Street, New London, CT 6320
    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)
  • Financial Summary
  • Total assets: $27.0 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)
  • $4Total assets
  • $29,738Cash and due from depository institutions
  • $3,658Interest-bearing balances
  • $3,284Securities
  • $1,944Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $23,385Loan loss allowance
  • $587Trading account assets
  • $0Bank premises and fixed assets
  • $92Other real estate owned
  • $118Goodwill and other intangibles
  • $541Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $29,738Total liabilities
  • $27,394Total deposits
  • $27,318Interest-bearing deposits
  • $27,114Deposits held in domestic offices
  • 27318.00%% insured (estimated)
  • $98Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $30Subordinated debt
  • $0All other liabilities
  • $46Total equity capital
  • $46Total bank equity capital
  • $2,344Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $2,344Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,365Income earned, not collected on loans
  • $202Earning assets
  • $28,613Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $30,233Average Assets, quarterly
  • $29,939Volatile liabilities
  • $2,673Insider loans
  • $247FHLB advances
  • $30Loans and leases held for sale
  • $0Unused loan commitments
  • $105Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,344Total risk weighted assets
  • $15,749Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,399Total interest expense
  • $1,387Net interest income
  • $1,012Provision for loan and lease losses
  • -$27Total noninterest income
  • $49Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $49Total noninterest expense
  • $744Salaries and employee benefits
  • $317Premises and equipment expense
  • $119Additional noninterest expense
  • $308Pre-tax net operating income
  • $344Securities gains (losses)
  • $0Applicable income taxes
  • $140Income before extraordinary items
  • $204Extraordinary gains - net
  • $0Net income attributable to bank
  • $204Net charge-offs
  • $154Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.21%Cost of funding earning assets
  • 4.74%Net interest margin
  • 3.46%Noninterest income to earning assets
  • 0.17%Noninterest expense to earning assets
  • 2.55%Net operating income to assets
  • 0.67%Return on assets (ROA)
  • 0.67%Pretax return on assets
  • 1.14%Return on equity (ROE)
  • 9.02%Retained earnings to average equity (YTD only)
  • 9.02%Net charge-offs to loans
  • 0.61%Credit loss provision to net charge-offs
  • -17.53%Efficiency ratio
  • 70,123Assets per employee
  • 7.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.45%Loss allowance to noncurrent loans
  • 23.44%Noncurrent assets plus other real estate owned to assets
  • 4.99%Noncurrent loans to loans
  • 5.76%Net loans and leases to deposits
  • 85.60%Net loans and leases to core deposits
  • 94.77%Equity capital to assets
  • 7.88%Core capital (leverage) ratio
  • 7.88%Tier 1 risk-based capital ratio
  • 14.88%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $30,233Average earning assets
  • $2,261Average equity
  • $29,232Average loans

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

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First New London Savings and Loan Association Incorporated.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents