Founders Bank in New Haven, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 28, 1995

  • Founders Bank in New Haven, Connecticut (CT)
  • Show street view No street view available for this location

Founders Bank - Overview

  • General
  • FDIC Certificate #: 26187
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Centerbank (#18262)
    Federal Reserve ID: 422107
    Date Established: March 28, 1985
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 9123
    FDIC's unique #: 32478
    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: March 28, 1985
    Last Structure Change Effective Date: July 28, 1995
    Last Structure Change Process Date: August 01, 1995
    Last Data Update: August 09, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 27 Elm Street, New Haven, CT 6508
    County: New Haven
    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 Haven-Meriden, CT (#5480)
    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): New Haven-Milford, CT (#35300)
    CBSA Metro Statistical Area: New Haven-Milford, CT (#35300)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $77.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $34Total assets
  • $79,022Cash and due from depository institutions
  • $4,565Interest-bearing balances
  • $75Securities
  • $6,689Federal funds sold & reverse repurchase agreements
  • $450Net loans & leases
  • $58,337Loan loss allowance
  • $2,350Trading account assets
  • $0Bank premises and fixed assets
  • $1,346Other real estate owned
  • $4,905Goodwill and other intangibles
  • $2,729Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $79,022Total liabilities
  • $76,671Total deposits
  • $76,112Interest-bearing deposits
  • $65,443Deposits held in domestic offices
  • 76112.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $559Total equity capital
  • $559Total bank equity capital
  • $2,351Perpetual preferred stock
  • $0Common stock
  • $11,593Surplus
  • $0Undivided profits
  • Memoranda
  • $-9,242Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,981Income earned, not collected on loans
  • $482Earning assets
  • $65,551Long-term assets (5+ years)
  • $7,666Average Assets, year-to-date
  • $83,125Average Assets, quarterly
  • $80,735Volatile liabilities
  • $1,007Insider loans
  • $3,026FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $4,026Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,351Total risk weighted assets
  • $65,904Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,898Total interest expense
  • $2,411Net interest income
  • $3,487Provision for loan and lease losses
  • $2,348Total noninterest income
  • $1,647Fiduciary activities
  • $0Service charges on deposit accounts
  • $178Trading account gains & fees
  • $0Additional noninterest income
  • $1,469Total noninterest expense
  • $5,313Salaries and employee benefits
  • $1,423Premises and equipment expense
  • $341Additional noninterest expense
  • $3,549Pre-tax net operating income
  • -$2,527Securities gains (losses)
  • -$19Applicable income taxes
  • $54Income before extraordinary items
  • -$2,600Extraordinary gains - net
  • $0Net income attributable to bank
  • -$2,600Net charge-offs
  • $1,794Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $2,721Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.49%Cost of funding earning assets
  • 3.47%Net interest margin
  • 5.02%Noninterest income to earning assets
  • 2.37%Noninterest expense to earning assets
  • 7.65%Net operating income to assets
  • -3.10%Return on assets (ROA)
  • -3.13%Pretax return on assets
  • -3.06%Return on equity (ROE)
  • -88.86%Retained earnings to average equity (YTD only)
  • -88.86%Net charge-offs to loans
  • 2.86%Credit loss provision to net charge-offs
  • 130.88%Efficiency ratio
  • 103,350Assets per employee
  • 2.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.87%Loss allowance to noncurrent loans
  • 78.83%Noncurrent assets plus other real estate owned to assets
  • 9.98%Noncurrent loans to loans
  • 4.91%Net loans and leases to deposits
  • 76.65%Net loans and leases to core deposits
  • 77.67%Equity capital to assets
  • 2.98%Core capital (leverage) ratio
  • 3.01%Tier 1 risk-based capital ratio
  • 3.57%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $83,125Average earning assets
  • $2,926Average equity
  • $69,492Average loans

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