Lafayette American Bank in Bridgeport, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 26, 1999

  • Lafayette American Bank in Bridgeport, Connecticut (CT)
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Lafayette American Bank - Overview

  • General
  • FDIC Certificate #: 19353
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Hudson United Bank (#12256)
    Federal Reserve ID: 63304
    Date Established: January 29, 1965
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 46 (Interstate: No)
    OTS Docket #: 13565
    FDIC's unique #: 13163
    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: January 30, 1965
    Last Structure Change Effective Date: March 26, 1999
    Last Structure Change Process Date: April 13, 1999
    Last Data Update: April 13, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 1087 Broad Street, Bridgeport, CT 6605
    County: Fairfield
    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): Bridgeport, CT (#1160)
    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): Bridgeport-Stamford-Norwalk, CT (#14860)
    CBSA Metro Statistical Area: Bridgeport-Stamford-Norwalk, CT (#14860)
  • Financial Summary
  • Total assets: $2,525.7 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 283Total employees (full-time equivalent)
  • $2,525,699Total assets
  • $80,450Cash and due from depository institutions
  • $222Interest-bearing balances
  • $1,319,044Securities
  • $3,962Federal funds sold & reverse repurchase agreements
  • $1,007,981Net loans & leases
  • $27,758Loan loss allowance
  • $0Trading account assets
  • $14,227Bank premises and fixed assets
  • $1,482Other real estate owned
  • $29,982Goodwill and other intangibles
  • $0Life insurance assets
  • $68,571All other assets
  • $2,525,699Total liabilities and capital
  • $2,339,498Total liabilities
  • $1,726,340Total deposits
  • $1,576,402Interest-bearing deposits
  • $1,726,340Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $220,032Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $340,341Other borrowed funds
  • $0Subordinated debt
  • $52,785All other liabilities
  • $186,201Total equity capital
  • $186,201Total bank equity capital
  • $186,201Perpetual preferred stock
  • $0Common stock
  • $14,425Surplus
  • $178,355Undivided profits
  • Memoranda
  • $-6,579Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $25,243Earning assets
  • $1,549Long-term assets (5+ years)
  • $6,711Average Assets, year-to-date
  • $2,331,209Average Assets, quarterly
  • $443,708Volatile liabilities
  • $2,475,421Insider loans
  • $2,549,774FHLB advances
  • $621,083Loans and leases held for sale
  • $4,731Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,995Total risk weighted assets
  • $181,067Total unused commitments
  • $0Restructured Loans and leases
  • $1,222,530Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $170,799Total interest income
  • $80,415Total interest expense
  • $90,384Net interest income
  • $4,325Provision for loan and lease losses
  • $11,461Total noninterest income
  • $2,259Fiduciary activities
  • $6,165Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,037Additional noninterest income
  • $75,599Total noninterest expense
  • $15,778Salaries and employee benefits
  • $8,206Premises and equipment expense
  • $51,615Additional noninterest expense
  • $21,921Pre-tax net operating income
  • $97Securities gains (losses)
  • $8,821Applicable income taxes
  • $13,197Income before extraordinary items
  • $0Extraordinary gains - net
  • $13,197Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $9,114Sale, conversion, retirement of capital stock, net
  • $36,860Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.48%Yield on earning assets
  • 3.52%Cost of funding earning assets
  • 3.96%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 3.31%Noninterest expense to earning assets
  • 0.53%Net operating income to assets
  • 0.53%Return on assets (ROA)
  • 0.89%Pretax return on assets
  • 6.58%Return on equity (ROE)
  • -11.79%Retained earnings to average equity (YTD only)
  • 0.80%Net charge-offs to loans
  • 47.45%Credit loss provision to net charge-offs
  • 2.88%Efficiency ratio
  • 71,103Assets per employee
  • 8.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 279.31%Loss allowance to loans
  • 2.68%Loss allowance to noncurrent loans
  • 109.96%Noncurrent assets plus other real estate owned to assets
  • 1.06%Noncurrent loans to loans
  • 2.44%Net loans and leases to deposits
  • 58.39%Net loans and leases to core deposits
  • 62.04%Equity capital to assets
  • 7.37%Core capital (leverage) ratio
  • 5.95%Tier 1 risk-based capital ratio
  • 12.38%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $2,475,421Average earning assets
  • $200,702Average equity
  • $2,284,616Average loans

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