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
No
ID
Name
Address
Established
Service Type
Map
0
294909
Insurbanc
10 Executive Drive, Farmington, CT 6032
April 12, 2001
Full Service Brick and Mortar
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