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)
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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

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