First Union Bank of Connecticut in city_name, state_name - Detailed Financial Reports, Location

First Union Bank of Connecticut in Stamford, Connecticut (CT)
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First Union Bank of Connecticut - Overview

General
FDIC Certificate #: 9230
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Union National Bank (#4885)
Federal Reserve ID: 368308
Date Established: January 01, 1868
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 111 (Interstate: No)
FDIC's unique #: 5905
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: July 31, 1997
Last Structure Change Process Date: August 13, 1997
Last Data Update: August 13, 1997
Data Source Date: April 05, 2012
Location
Address: 300 Main Street, Stamford, CT 6904
County: Fairfield
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: Atlanta
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)
Financial Summary
Total assets: $5,670.4 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)
$1,376Total assets
$5,957,385Cash and due from depository institutions
$153,501Interest-bearing balances
$0Securities
$323,013Federal funds sold & reverse repurchase agreements
$156,013Net loans & leases
$4,742,258Loan loss allowance
$81,390Trading account assets
$0Bank premises and fixed assets
$61,494Other real estate owned
$20,309Goodwill and other intangibles
$158,240Life insurance assets
$342,557All other assets
$0Total liabilities and capital
$5,957,385Total liabilities
$5,363,031Total deposits
$4,434,734Interest-bearing deposits
$3,694,948Deposits held in domestic offices
4434734.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$476,866Trading liabilities
$0Other borrowed funds
$231,423Subordinated debt
$107,193All other liabilities
$112,815Total equity capital
$112,815Total bank equity capital
$594,354Perpetual preferred stock
$0Common stock
$14,424Surplus
$580,252Undivided profits
Memoranda
$-322Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$80,189Income earned, not collected on loans
$28,671Earning assets
$5,221,284Long-term assets (5+ years)
$1,520,305Average Assets, year-to-date
$3,372,791Average Assets, quarterly
$4,307,623Volatile liabilities
$901,867Insider loans
$0FHLB advances
$0Loans and leases held for sale
$41,698Unused loan commitments
$703,861Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$337,189Total risk weighted assets
$4,123,421Total unused commitments
$0Restructured Loans and leases
$82,979Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$210,087Total interest expense
$80,825Net interest income
$129,262Provision for loan and lease losses
-$20,000Total noninterest income
$42,511Fiduciary activities
$17,196Service charges on deposit accounts
$11,806Trading account gains & fees
$35Additional noninterest income
$13,474Total noninterest expense
$99,137Salaries and employee benefits
$45,625Premises and equipment expense
$17,551Additional noninterest expense
$35,961Pre-tax net operating income
$92,636Securities gains (losses)
-$1,190Applicable income taxes
$33,224Income before extraordinary items
$58,222Extraordinary gains - net
$0Net income attributable to bank
$58,222Net charge-offs
$10,064Cash dividends
$120,003Sale, 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
7.15%Cost of funding earning assets
2.75%Net interest margin
4.40%Noninterest income to earning assets
1.45%Noninterest expense to earning assets
3.38%Net operating income to assets
1.75%Return on assets (ROA)
1.73%Pretax return on assets
2.71%Return on equity (ROE)
18.06%Retained earnings to average equity (YTD only)
-19.17%Net charge-offs to loans
0.40%Credit loss provision to net charge-offs
-198.73%Efficiency ratio
53,355Assets per employee
4.33%Cash dividends to net income (YTD only)
Condition Ratios (%)
206.11%Loss allowance to loans
1.69%Loss allowance to noncurrent loans
101.50%Noncurrent assets plus other real estate owned to assets
1.69%Noncurrent loans to loans
1.66%Net loans and leases to deposits
106.93%Net loans and leases to core deposits
111.82%Equity capital to assets
9.98%Core capital (leverage) ratio
7.63%Tier 1 risk-based capital ratio
8.18%Total risk-based capital ratio
Memoranda
$12Average assets
$3,372,791Average earning assets
$322,318Average equity
$2,936,851Average loans

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

First Union Bank of Connecticut - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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

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

First Union Bank of Connecticut - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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

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