Ledyard National Bank in Norwich, Vermont (VT), NH



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Ledyard National Bank
GeneralFDIC Certificate #: 33418
Status: Active
Federal Reserve ID: 1863097
Bank Holding Company (Regulatory Top Holder): Ledyard Financial Group, Inc. (RSSDID: 3625123, Location: Hanover, NH)
Date Established: May 22, 1991
WWW: http://www.ledyardbank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 7 (Domestic: 7, Interstate: Yes)
OTS Docket #: 10057
FDIC's unique #: 47078
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: 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: All Other Specialization < 1 Billion
Date of Deposit Insurance: May 22, 1991
Last Structure Change Effective Date: July 30, 2008
Last Structure Change Process Date: July 30, 2008
Last Data Update: July 30, 2008
Data Source Date: April 05, 2012
LocationAddress: 320 Main Street, Norwich, VT 5055
County: Windsor
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Springfield Ma
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): Lebanon, NH-VT (#30100)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $390.6 mil
Equity capital: $35.8 mil
Deposits held in domestic offices: $313.7 mil
Return on assets (ROA): 0.68% ($2.7 mil)
Quarterly return on assets: 0.73% ($2.9 mil)
Return on Equity (ROE): 7.63% ($2.7 mil)
Quarterly return on equity: 7.85% ($2.8 mil)
Net income: $2.6 mil
Quarterly Net income: $0.7 mil
Pretax return on assets: 0.88% ($3,437.4 mil)
Quarterly Pretax return on assets: 0.79% ($3,085.9 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)96
Total assets$390,619
Cash and due from depository institutions$14,926
Interest-bearing balances$5,454
Securities$138,336
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$210,791
Loan loss allowance $5,707
Trading account assets$0
Bank premises and fixed assets$7,948
Other real estate owned$280
Goodwill and other intangibles$0
All other assets$18,338
Life insurance assets$390,619
Total liabilities and capital$354,868
Total liabilities$313,743
Total deposits$297,715
Interest-bearing deposits$313,743
Deposits held in domestic offices$92
% insured (estimated)16763.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$21,253
Other borrowed funds $0
Subordinated debt $3,109
All other liabilities $35,751
Total equity capital$35,751
Total bank equity capital$35,751
Perpetual preferred stock$0
Common stock$1,031
Surplus$10,322
Undivided profits $24,398
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $987
Income earned, not collected on loans $4,993
Earning assets $0
Long-term assets (5+ years) $1,481
Average Assets, year-to-date $354,581
Average Assets, quarterly $104,956
Volatile liabilities $386,171
Insider loans $385,334
FHLB advances $228,394
Loans and leases held for sale $389,882
Unused loan commitments $9,036
Tier 1 (core) risk-based capital $6,305
Tier 2 risk-based capital $33,376
Total risk weighted assets $0
Total unused commitments $2,731
Restructured Loans and leases $49,404
Derivatives$2,875
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $13,455
Total interest expense $2,013
Net interest income $11,442
Provision for loan and lease losses $675
Total noninterest income $8,534
Fiduciary activities $6,856
Service charges on deposit accounts $356
Trading account gains & fees $0
Additional noninterest income $1,322
Total noninterest expense $16,220
Salaries and employee benefits $9,615
Premises and equipment expense $2,839
Additional noninterest expense $3,766
Pre-tax net operating income $3,081
Securities gains (losses) $313
Applicable income taxes $754
Income before extraordinary items $2,640
Extraordinary gains - net $0
Net income attributable to bank $2,640
Net charge-offs $0
Cash dividends $2,640
Sale, conversion, retirement of capital stock, net $1,274
Net operating income $2,080
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.85%
Cost of funding earning assets 0.58%
Net interest margin 3.27%
Noninterest income to earning assets 2.44%
Noninterest expense to earning assets 4.64%
Net operating income to assets 0.62%
Return on assets (ROA) 0.68%
Pretax return on assets 0.88%
Return on equity (ROE) 7.63%
Retained earnings to average equity (YTD only) 1.62%
Net charge-offs to loans 0.61%
Credit loss provision to net charge-offs 52.98%
Efficiency ratio2.95%
Assets per employee$81,197
Cash dividends to net income (YTD only)4.07%
Condition Ratios (%)
Loss allowance to loans 78.79%
Loss allowance to noncurrent loans 2.64%
Noncurrent assets plus other real estate owned to assets 114.30%
Noncurrent loans to loans 1.35%
Net loans and leases to deposits2.31%
Net loans and leases to core deposits 67.19%
Equity capital to assets 69.21%
Core capital (leverage) ratio 9.15%
Tier 1 risk-based capital ratio 8.56%
Total risk-based capital ratio 14.61%
Memoranda
Average assets$16
Average earning assets$386,171
Average equity $34,597
Average loans $349,839
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$747,148
Number of Accounts1
Personal trust and agency accounts$700,843
Employee benefit-defined contribution accounts$447,457
Employee benefit-defined benefit accounts$1,637
Other retirement accounts$0
Corporate trust and agency accounts$106,941
Investment management agency accounts$0
Other fiduciary accounts$125,171
Fiduciary accounts held in foreign offices$19,637
Non-managed Assets$0
Number of Accounts1445
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$106,941
Employee benefit-defined benefit accounts$0
Other retirement accounts$46,305
Corporate trust and agency accounts$43,401
Other fiduciary accounts$66
Fiduciary accounts held in foreign offices$2,533
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6 New Hampshire Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
1289597Drive-Up BranchIntersection Lebanon/South Park Street, Hanover, NH 3755April 01, 1993Limited Service Facility
2289598Lyme BranchStella's Kitchen Building, Route 10, Lyme, NH 3768October 23, 1995Full Service Brick and Mortar
3289599Hanover Branch38 South Main Street, Hanover, NH 3755January 05, 1996Full Service Brick and Mortar
4289600West Lebanon Branch67 Main Street, West Lebanon, NH 3784September 05, 1997Full Service Brick and Mortar
6357671New London Branch - Retail299 County Road, New London, NH 3257March 15, 2000Full Service Brick and Mortar
7361830Route 120 Branch42 Old Etna Road, Lebanon, NH 3766March 15, 2001Full Service Brick and Mortar
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1 Vermont Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
047078Ledyard National Bank320 Main Street, Norwich, VT 5055May 22, 1991Full Service Brick and Mortar
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