InsurBanc in Farmington, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • InsurBanc in Farmington, Connecticut (CT)
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InsurBanc - Overview

  • General
  • FDIC Certificate #: 57020
    Status: Active
    Federal Reserve ID: 3019058
    Date Established: April 12, 2001
    WWW: http://www.insurbanc.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 15686
    FDIC's unique #: 294909
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 12, 2001
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 10 Executive Drive, Farmington, CT 6032
    County: Hartford
    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): Hartford, CT (#3280)
    Combined Statistical Area (CSA): Hartford-West Hartford-Willimantic, CT (#278)
    Core Based Statistical Area (CBSA): Hartford-West Hartford-East Hartford, CT (#25540)
    CBSA Metro Statistical Area: Hartford-West Hartford-East Hartford, CT (#25540)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $170.9 mil
    Equity capital: $20.2 mil
    Deposits held in domestic offices: $130.0 mil
    Return on assets (ROA): 0.30% ($0.5 mil)
    Quarterly return on assets: 0.13% ($0.2 mil)
    Return on Equity (ROE): 2.55% ($0.5 mil)
    Quarterly return on equity: 1.12% ($0.2 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.50% ($854.4 mil)
    Quarterly Pretax return on assets: 0.22% ($375.9 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, 2011)

  • Dollar figures in thousands
  • 17Total employees (full-time equivalent)
  • $170,870Total assets
  • $28,992Cash and due from depository institutions
  • $19,040Interest-bearing balances
  • $63,055Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $75,698Net loans & leases
  • $773Loan loss allowance
  • $0Trading account assets
  • $192Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $170,870Life insurance assets
  • $2,933All other assets
  • $150,659Total liabilities and capital
  • $129,967Total liabilities
  • $84,173Total deposits
  • $129,967Interest-bearing deposits
  • $77Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $17,100Trading liabilities
  • $0Other borrowed funds
  • $3,592Subordinated debt
  • $20,211All other liabilities
  • $20,211Total equity capital
  • $20,211Total bank equity capital
  • $0Perpetual preferred stock
  • $5,712Common stock
  • $13,713Surplus
  • $786Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,519Income earned, not collected on loans
  • $0Earning assets
  • $462Long-term assets (5+ years)
  • $157,793Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $169,507Volatile liabilities
  • $171,583Insider loans
  • $85,053FHLB advances
  • $170,847Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $20,188Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,050Restructured Loans and leases
  • $545Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,094Total interest income
  • $1,742Total interest expense
  • $4,352Net interest income
  • $139Provision for loan and lease losses
  • $309Total noninterest income
  • $0Fiduciary activities
  • $95Service charges on deposit accounts
  • $0Trading account gains & fees
  • $214Additional noninterest income
  • $3,803Total noninterest expense
  • $2,140Salaries and employee benefits
  • $278Premises and equipment expense
  • $1,385Additional noninterest expense
  • $719Pre-tax net operating income
  • $128Securities gains (losses)
  • $331Applicable income taxes
  • $516Income before extraordinary items
  • $0Extraordinary gains - net
  • $516Net income attributable to bank
  • $0Net charge-offs
  • $516Cash dividends
  • $176Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.87%Yield on earning assets
  • 1.11%Cost of funding earning assets
  • 2.77%Net interest margin
  • 0.20%Noninterest income to earning assets
  • 2.42%Noninterest expense to earning assets
  • 0.26%Net operating income to assets
  • 0.30%Return on assets (ROA)
  • 0.50%Pretax return on assets
  • 2.55%Return on equity (ROE)
  • 2.55%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 78.98%Credit loss provision to net charge-offs
  • 4.88%Efficiency ratio
  • 81,592Assets per employee
  • 10.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 30.69%Noncurrent assets plus other real estate owned to assets
  • 1.47%Noncurrent loans to loans
  • 3.29%Net loans and leases to deposits
  • 58.24%Net loans and leases to core deposits
  • 63.05%Equity capital to assets
  • 11.83%Core capital (leverage) ratio
  • 11.82%Tier 1 risk-based capital ratio
  • 23.74%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $169,507Average earning assets
  • $20,217Average equity
  • $157,285Average loans

List of branches

  • 1 Connecticut Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0294909Insurbanc10 Executive Drive, Farmington, CT 6032April 12, 2001Full Service Brick and Mortar

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