FDIC Certificate #: 33987 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Fleet National Bank (#2558) Federal Reserve ID: 2271523 Date Established: Febuary 16, 1995 WWW:http://www.fleet.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 55565 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: Febuary 16, 1995 Last Structure Change Effective Date: March 18, 2005 Last Structure Change Process Date: March 31, 2005 Last Data Update: March 31, 2005 Data Source Date: April 05, 2012
Location
Address: 65 Gannett Drive, South Portland, ME 4106 County: Cumberland Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: Atlanta FDIC Field Office: Concord Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Portland, ME (#6400) Combined Statistical Area (CSA): Portland-Lewiston-South Portland, ME (#438) Core Based Statistical Area (CBSA): Portland-South Portland-Biddeford, ME (#38860) CBSA Metro Statistical Area: Portland-South Portland-Biddeford, ME (#38860)
Financial Summary
Total assets: $38.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
59Total employees (full-time equivalent)
$38,772Total assets
$5,160Cash and due from depository institutions
$0Interest-bearing balances
$0Securities
$33,000Federal funds sold & reverse repurchase agreements
$41Net loans & leases
$0Loan loss allowance
$0Trading account assets
$19Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$552All other assets
$38,772Total liabilities and capital
$18,352Total liabilities
$692Total deposits
$0Interest-bearing deposits
$692Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$12,459Other borrowed funds
$0Subordinated debt
$5,201All other liabilities
$20,420Total equity capital
$20,420Total bank equity capital
$20,420Perpetual preferred stock
$0Common stock
$1,000Surplus
$14,624Undivided profits
Memoranda
$4,796Noncurrent loans and leases
$0Noncurrent 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)
$2Average Assets, year-to-date
$33,041Average Assets, quarterly
$0Volatile liabilities
$35,881Insider loans
$43,574FHLB advances
$12,459Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$399Total interest income
$0Total interest expense
$399Net interest income
$0Provision for loan and lease losses
$9,541Total noninterest income
$0Fiduciary activities
$9,541Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$2,487Total noninterest expense
$1,716Salaries and employee benefits
$434Premises and equipment expense
$337Additional noninterest expense
$7,453Pre-tax net operating income
$0Securities gains (losses)
$2,657Applicable income taxes
$4,796Income before extraordinary items
$0Extraordinary gains - net
$4,796Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
1.42%Yield on earning assets
0.00%Cost of funding earning assets
1.42%Net interest margin
33.85%Noninterest income to earning assets
8.82%Noninterest expense to earning assets
13.37%Net operating income to assets
13.37%Return on assets (ROA)
20.77%Pretax return on assets
27.18%Return on equity (ROE)
27.18%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
25,020Assets per employee
0.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%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
5.92%Net loans and leases to core deposits
5.92%Equity capital to assets
52.67%Core capital (leverage) ratio
44.71%Tier 1 risk-based capital ratio
262.67%Total risk-based capital ratio
Memoranda
$263Average assets
$35,881Average earning assets
$17,645Average equity
$28,186Average loans
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