Lake Sunapee Bank, FSB in Newport, New Hampshire (NH), VT

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Lake Sunapee Bank, FSB
GeneralFDIC Certificate #: 31953
Status: Active
Federal Reserve ID: 91101
Date Established: December 01, 1980
Trust Powers Granted: Yes
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 27 (Domestic: 27, Interstate: Yes)
OTS Docket #: 7644
FDIC's unique #: 44787
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: Mortgage Lending Specialization
Date of Deposit Insurance: December 01, 1980
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
LocationAddress: 9 Main Street, Newport, NH 3773
County: Sullivan
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Concord
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Combined Statistical Area (CSA): Claremont-Lebanon, NH-VT (#180)
Core Based Statistical Area (CBSA): Claremont, NH (#17200)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $1,040.6 mil
Equity capital: $126.4 mil
Deposits held in domestic offices: $808.6 mil
Return on assets (ROA): 0.86% ($9.0 mil)
Quarterly return on assets: 0.75% ($7.8 mil)
Return on Equity (ROE): 7.57% ($9.5 mil)
Quarterly return on equity: 6.23% ($7.8 mil)
Net income: $8.8 mil
Quarterly Net income: $1.9 mil
Pretax return on assets: 1.21% ($12,590.8 mil)
Quarterly Pretax return on assets: 0.98% ($10,197.5 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)251
Total assets$1,040,561
Cash and due from depository institutions$23,839
Interest-bearing balances$3,952
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$718,879
Loan loss allowance $8,805
Trading account assets$0
Bank premises and fixed assets$16,658
Other real estate owned$4,816
Goodwill and other intangibles$32,164
All other assets$34,033
Life insurance assets$1,040,560
Total liabilities and capital$914,154
Total liabilities$808,629
Total deposits$786,885
Interest-bearing deposits$808,629
Deposits held in domestic offices$90
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$96,481
Other borrowed funds $0
Subordinated debt $9,044
All other liabilities $126,406
Total equity capital$126,406
Total bank equity capital$126,406
Perpetual preferred stock$0
Common stock$1
Undivided profits $39,424
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $16,698
Earning assets $0
Long-term assets (5+ years) $2,670
Average Assets, year-to-date $933,003
Average Assets, quarterly $0
Volatile liabilities $1,020,244
Insider loans $1,040,004
FHLB advances $672,757
Loans and leases held for sale $1,007,189
Unused loan commitments $13,347
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $96,525
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $132,200
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $38,557
Total interest expense $7,691
Net interest income $30,866
Provision for loan and lease losses $1,300
Total noninterest income $8,021
Fiduciary activities $0
Service charges on deposit accounts $150
Trading account gains & fees $0
Additional noninterest income $7,871
Total noninterest expense $27,838
Salaries and employee benefits $15,965
Premises and equipment expense $2,955
Additional noninterest expense $8,918
Pre-tax net operating income $9,749
Securities gains (losses) $2,587
Applicable income taxes $3,582
Income before extraordinary items $8,754
Extraordinary gains - net $0
Net income attributable to bank $8,754
Net charge-offs $0
Cash dividends $8,754
Sale, conversion, retirement of capital stock, net $1,857
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.22%
Cost of funding earning assets 0.84%
Net interest margin 3.38%
Noninterest income to earning assets 0.88%
Noninterest expense to earning assets 3.04%
Net operating income to assets 0.68%
Return on assets (ROA) 0.86%
Pretax return on assets 1.21%
Return on equity (ROE) 7.57%
Retained earnings to average equity (YTD only) 7.57%
Net charge-offs to loans 0.26%
Credit loss provision to net charge-offs 70.01%
Efficiency ratio5.95%
Assets per employee$70,512
Cash dividends to net income (YTD only)4.15%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.21%
Noncurrent assets plus other real estate owned to assets 52.73%
Noncurrent loans to loans 1.74%
Net loans and leases to deposits2.29%
Net loans and leases to core deposits 88.90%
Equity capital to assets 95.14%
Core capital (leverage) ratio 12.15%
Tier 1 risk-based capital ratio 9.58%
Total risk-based capital ratio 14.35%
Average assets$15
Average earning assets$1,020,244
Average equity $115,565
Average loans $914,240
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19 New Hampshire Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
044787Lake Sunapee Bank, Fsb9 Main Street, Newport, NH 3773December 01, 1980Full Service Brick and Mortar
101243549Sunapee Branch565 Route 11, Sunapee, NH 3782Febuary 15, 1965Full Service Brick and Mortar
102286307New London Newport Rd Branch116 Newport Road, New London, NH 3257December 01, 1980Full Service Brick and Mortar
103243550Bradford Branch115 Main Street, Bradford, NH 3221May 15, 1975Full Service Brick and Mortar
104243552Grantham Branch165 Route 10, Grantham, NH 3753April 04, 1980Full Service Brick and Mortar
105243551Guild Branch300 Sunapee Street, Newport, NH 3773January 05, 1978Limited Service Facility
106286308Heater Road Branch200 Heater Road, Lebanon, NH 3766June 30, 1987Full Service Brick and Mortar
109286311Hillsboro Branch15 Antrim Road, Hillsboro, NH 3244August 01, 1994Full Service Brick and Mortar
110286312West Lebanon Branch83 Main Street, West Lebanon, NH 3784October 05, 1994Full Service Brick and Mortar
11146927106 Hanover Street Branch106 Hanover Street, Lebanon, NH 3766March 28, 1991Full Service Brick and Mortar
112286313Centerra Branch12 Centerra Parkway, Suite 10, Lebanon, NH 3766November 06, 1997Full Service Brick and Mortar
11311796New London Main St Branch150 Main Street, New London, NH 3257April 15, 1958Full Service Brick and Mortar
115243012Newbury Branch976 Route 103, Newbury, NH 3255May 29, 1980Full Service Brick and Mortar
131495808Andover Branch7 Lawrence Street, Andover, NH 3216October 29, 1999Full Service Brick and Mortar
132495809Peterborough Branch2-4 Main Street, Peterborough, NH 3458January 29, 2005Full Service Brick and Mortar
133495810Enfield Branch468 Us Rt 4, Enfield, NH 3748June 01, 2005Full Service Brick and Mortar
134495811Claremont Branch345 Washington St, Claremont, NH 3743May 01, 2005Full Service Brick and Mortar
135495812Milford Branch321 Elm St, Milford, NH 3055March 01, 2007Full Service Brick and Mortar
136495813Hanover Branch12 South St, Hanover, NH 3755May 01, 2007Full Service Brick and Mortar
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8 Vermont Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
1214230Brandon Park StTwo Park Street, Brandon, VT 5733January 01, 1863Full Service Brick and Mortar
123209135Pittsford BranchUs Route 7 And Depot Hill Road, Pittsford, VT 5763October 03, 1994Full Service Brick and Mortar
125430095West Rutland Branch484 Main Street, West Rutland, VT 5777March 01, 2004Full Service Brick and Mortar
12645590Woodstock BranchOne Bond Street, Woodstock, VT 5091November 14, 1989Full Service Brick and Mortar
127364160West Woodstock BranchRoute 4 West, Woodstock, VT 5091Febuary 13, 2001Limited Service Facility
128366325Rutland Merchants Row Branch104 Merchants Row, Rutland, VT 5701Febuary 24, 2003Full Service Brick and Mortar
129451977Rutland Woodstock Ave Branch100 Woodstock Avenue, Rutland, VT 5701June 12, 2006Full Service Brick and Mortar
137495814Brandon Franklin St Branch1340 Franklin St, Brandon, VT 5733June 01, 2007Full Service Brick and Mortar
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