FDIC Certificate #: 34504 Status: Inactive Federal Reserve ID: 2531058 Date Established: April 24, 1997 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 #: 57782 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: April 24, 1997 Last Structure Change Effective Date: August 02, 2004 Last Structure Change Process Date: October 26, 2004 Last Data Update: October 26, 2004 Data Source Date: April 05, 2012
Location
Address: 157 Main Street, Nashua, NH 3060 County: Hillsborough Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: Chicago FDIC Field Office: Concord Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Nashua, NH (#5350) 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): Manchester-Nashua, NH (#31700) CBSA Metro Statistical Area: Manchester-Nashua, NH (#31700)
History of Changes
Other Liquidations and Closings
Financial Summary
Total assets: $11.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
0Total employees (full-time equivalent)
$11,353Total assets
$335Cash and due from depository institutions
$0Interest-bearing balances
$23Securities
$10,685Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$310All other assets
$11,353Total liabilities and capital
$547Total liabilities
$500Total deposits
$0Interest-bearing deposits
$500Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$47All other liabilities
$10,806Total equity capital
$10,806Total bank equity capital
$10,806Perpetual preferred stock
$0Common stock
$1,000Surplus
$9,000Undivided profits
Memoranda
$806Noncurrent 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)
$1Average Assets, year-to-date
$10,708Average Assets, quarterly
$23Volatile liabilities
$11,324Insider loans
$11,343FHLB advances
$0Loans 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, 2003)
Dollar figures in thousands
$117Total interest income
$0Total interest expense
$117Net interest income
$0Provision for loan and lease losses
$0Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$12Total noninterest expense
$0Salaries and employee benefits
$0Premises and equipment expense
$12Additional noninterest expense
$105Pre-tax net operating income
$0Securities gains (losses)
$42Applicable income taxes
$63Income before extraordinary items
$0Extraordinary gains - net
$63Net 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, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
1.10%Yield on earning assets
0.00%Cost of funding earning assets
1.10%Net interest margin
0.00%Noninterest income to earning assets
0.11%Noninterest expense to earning assets
0.56%Net operating income to assets
0.56%Return on assets (ROA)
0.93%Pretax return on assets
0.58%Return on equity (ROE)
0.58%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
10,256Assets per employee
0.00%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
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
95.18%Core capital (leverage) ratio
95.27%Tier 1 risk-based capital ratio
487.15%Total risk-based capital ratio
Memoranda
$487Average assets
$11,324Average earning assets
$10,775Average equity
$10,680Average loans
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