FDIC Certificate #: 26479 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Republic Bank (#26665) Federal Reserve ID: 204808 Date Established: December 19, 1985 WWW:http://www.firstsignature.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 33145 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: December 19, 1985 Last Structure Change Effective Date: January 31, 2006 Last Structure Change Process Date: Febuary 14, 2006 Last Data Update: Febuary 14, 2006 Data Source Date: April 05, 2012
Location
Address: 325 Corporate Drive, Portsmouth, NH 3801 County: Rockingham Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Concord Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Portsmouth-Rochester, NH-ME (#6450) Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7) Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148) Core Based Statistical Area (CBSA): Boston-Cambridge-Quincy, MA-NH (#14460) CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460) Core Based Statistical Division: Rockingham County-Strafford County, NH (#40484)
Financial Summary
Total assets: $424.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
20Total employees (full-time equivalent)
$424,906Total assets
$9,852Cash and due from depository institutions
$7,133Interest-bearing balances
$386,809Securities
$15,400Federal funds sold & reverse repurchase agreements
$10,314Net loans & leases
$33Loan loss allowance
$0Trading account assets
$19Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,512All other assets
$424,906Total liabilities and capital
$389,500Total liabilities
$376,219Total deposits
$376,115Interest-bearing deposits
$376,219Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$13,281All other liabilities
$35,406Total equity capital
$35,406Total bank equity capital
$35,406Perpetual preferred stock
$13,000Common stock
$750Surplus
$20,124Undivided profits
Memoranda
$1,532Noncurrent loans and leases
$522Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$446Average Assets, year-to-date
$419,656Average Assets, quarterly
$396,746Volatile liabilities
$509,273Insider loans
$463,961FHLB advances
$375,384Loans and leases held for sale
$1,292Unused loan commitments
$0Tier 1 (core) risk-based capital
$381,538Tier 2 risk-based capital
$0Total risk weighted assets
$522Total unused commitments
$0Restructured Loans and leases
$33Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$22,007Total interest income
$14,656Total interest expense
$7,351Net interest income
-$11Provision for loan and lease losses
$201Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$201Additional noninterest income
$5,101Total noninterest expense
$2,325Salaries and employee benefits
$993Premises and equipment expense
$1,783Additional noninterest expense
$2,462Pre-tax net operating income
$177Securities gains (losses)
$992Applicable income taxes
$1,647Income before extraordinary items
$0Extraordinary gains - net
$1,647Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$57Sale, conversion, retirement of capital stock, net
$1,300Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.38%Yield on earning assets
2.92%Cost of funding earning assets
1.46%Net interest margin
0.04%Noninterest income to earning assets
1.02%Noninterest expense to earning assets
0.30%Net operating income to assets
0.32%Return on assets (ROA)
0.52%Pretax return on assets
4.60%Return on equity (ROE)
0.97%Retained earnings to average equity (YTD only)
0.49%Net charge-offs to loans
-19.30%Credit loss provision to net charge-offs
43.00%Efficiency ratio
67,545Assets per employee
21.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
78.93%Loss allowance to loans
0.32%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
2.74%Net loans and leases to core deposits
1235.21%Equity capital to assets
8.33%Core capital (leverage) ratio
7.35%Tier 1 risk-based capital ratio
18.74%Total risk-based capital ratio
Memoranda
$19Average assets
$509,273Average earning assets
$35,824Average equity
$501,887Average loans
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