Liberty Bank in Middletown, Connecticut (CT)



Show street view No street view available for this location

Liberty Bank routing number info

Table of contents:
Liberty Bank
GeneralFDIC Certificate #: 17943
Status: Active
Federal Reserve ID: 587800
Date Established: May 15, 1825
WWW: http://www.liberty-bank.com
Trust Powers Granted: Yes
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 44 (Domestic: 44, Interstate: No)
OTS Docket #: 6722
FDIC's unique #: 11877
Numeric code: 42
Regulator: FDIC
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: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 02, 1959
Last Structure Change Effective Date: December 03, 2010
Last Structure Change Process Date: January 06, 2011
Last Data Update: January 06, 2011
Data Source Date: April 05, 2012
LocationAddress: 315 Main Street, Middletown, CT 6457
County: Middlesex
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
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 ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal assets: $3,394.1 mil
Equity capital: $474.3 mil
Deposits held in domestic offices: $2,747.0 mil
Return on assets (ROA): 0.83% ($28.2 mil)
Quarterly return on assets: 0.78% ($26.5 mil)
Return on Equity (ROE): 5.96% ($28.3 mil)
Quarterly return on equity: 5.61% ($26.6 mil)
Net income: $28.2 mil
Quarterly Net income: $6.6 mil
Pretax return on assets: 1.24% ($42,087.2 mil)
Quarterly Pretax return on assets: 1.21% ($41,068.9 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)571
Total assets$3,394,125
Cash and due from depository institutions$156,927
Interest-bearing balances$105,749
Securities$723,698
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$2,334,820
Loan loss allowance $36,393
Trading account assets$0
Bank premises and fixed assets$28,688
Other real estate owned$781
Goodwill and other intangibles$18,049
All other assets$131,162
Life insurance assets$3,394,125
Total liabilities and capital$2,919,811
Total liabilities$2,747,027
Total deposits$2,258,968
Interest-bearing deposits$2,747,027
Deposits held in domestic offices$83
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$89,730
Other borrowed funds $0
Subordinated debt $83,054
All other liabilities $474,314
Total equity capital$474,314
Total bank equity capital$474,314
Perpetual preferred stock$0
Common stock$0
Surplus$6,926
Undivided profits $467,388
Memoranda
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 $48,757
Earning assets $0
Long-term assets (5+ years) $9,240
Average Assets, year-to-date $3,164,267
Average Assets, quarterly $854,213
Volatile liabilities $3,387,022
Insider loans $3,389,248
FHLB advances $2,753,847
Loans and leases held for sale $3,368,112
Unused loan commitments $53,828
Tier 1 (core) risk-based capital $2,445
Tier 2 risk-based capital $483,457
Total risk weighted assets $51,383
Total unused commitments $0
Restructured Loans and leases $680,400
Derivatives$2
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $138,035
Total interest expense $25,709
Net interest income $112,326
Provision for loan and lease losses $5,000
Total noninterest income $22,897
Fiduciary activities $0
Service charges on deposit accounts $13,097
Trading account gains & fees $0
Additional noninterest income $9,800
Total noninterest expense $91,490
Salaries and employee benefits $48,469
Premises and equipment expense $14,522
Additional noninterest expense $28,499
Pre-tax net operating income $38,733
Securities gains (losses) $3,434
Applicable income taxes $13,936
Income before extraordinary items $28,231
Extraordinary gains - net $0
Net income attributable to bank $28,231
Net charge-offs $0
Cash dividends $28,231
Sale, conversion, retirement of capital stock, net $16,084
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.36%
Cost of funding earning assets 0.81%
Net interest margin 3.55%
Noninterest income to earning assets 0.72%
Noninterest expense to earning assets 2.89%
Net operating income to assets 0.77%
Return on assets (ROA) 0.83%
Pretax return on assets 1.24%
Return on equity (ROE) 5.96%
Retained earnings to average equity (YTD only) 5.96%
Net charge-offs to loans 0.69%
Credit loss provision to net charge-offs 31.09%
Efficiency ratio2.72%
Assets per employee$67,278
Cash dividends to net income (YTD only)5.94%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.53%
Noncurrent assets plus other real estate owned to assets 74.64%
Noncurrent loans to loans 1.46%
Net loans and leases to deposits2.06%
Net loans and leases to core deposits 84.99%
Equity capital to assets 88.40%
Core capital (leverage) ratio 13.97%
Tier 1 risk-based capital ratio 14.35%
Total risk-based capital ratio 17.56%
Memoranda
Average assets$19
Average earning assets$3,387,022
Average equity $473,618
Average loans $3,164,992
Back to page top, Back to table top

Total Fiduciary and Related Assets (December 31, 2004)
(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$41,850
Number of Accounts1
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts2
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$41,850
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Back to page top, Back to table top

43 Connecticut Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
011877Liberty Bank315 Main Street, Middletown, CT 6457May 15, 1825Full Service Brick and Mortar
1243228Old Saybrook Branch90 Main Street, Old Saybrook, CT 6475August 19, 1960Full Service Brick and Mortar
2243229Portland Branch245 Main Street, Portland, CT 6480October 24, 1958Full Service Brick and Mortar
3243230Waterford Branch165 Boston Post Road, Waterford, CT 6385April 19, 1963Full Service Brick and Mortar
4243231Pameacha Branch460 South Main Street, Middletown, CT 6457November 14, 1969Full Service Brick and Mortar
5243232Haddam BranchBridge Street (Route 82), Haddam, CT 6438July 07, 1972Full Service Brick and Mortar
6243233Stonington BranchOlde Mistick Village Shopping Center, Mystic, CT 6355August 17, 1973Full Service Brick and Mortar
7243234Marlborough Shopping Center BranchRoute 66 And Independence Drive, Marlborough, CT 6447March 29, 1974Full Service Brick and Mortar
8243235Cromwell Branch72 Berlin Road, Cromwell, CT 6416April 30, 1976Full Service Brick and Mortar
9243236Quaker Hill BranchRoute 32, Waterford, CT 6385January 20, 1978Full Service Brick and Mortar
10243237Metro Square BranchCollege Street, Middletown, CT 6457June 25, 1979Full Service Brick and Mortar
11243238East Lyme Branch314 Flanders Road, East Lyme, CT 6333June 01, 1979Full Service Brick and Mortar
12243239Willimantic Main Branch679 Main Street, Willimantic, CT 6226September 29, 1982Full Service Brick and Mortar
13243240Mansfield Branch1132 Storrs Road, Mansfield, CT 6250September 29, 1982Full Service Brick and Mortar
14243241Washington Plaza Branch827 Washington Street, Middletown, CT 6457January 07, 1983Full Service Brick and Mortar
15243242East Hampton Branch2 West High Street, East Hampton, CT 6424July 28, 1984Full Service Brick and Mortar
16243243Clinton Branch8 East Main Street, Clinton, CT 6413May 15, 1986Full Service Brick and Mortar
17243244Cromwell Branch534 Main Street, Cromwell, CT 6416August 02, 1986Full Service Brick and Mortar
18243245Groton Square Mall Branch597 Long Hill Road, Groton, CT 6340October 09, 1987Full Service Brick and Mortar
19243301Colchester Branch219 South Main Street, Colchester, CT 6415June 22, 1973Full Service Brick and Mortar
20243246Windham Branch1703 West Main Street, Willimantic, CT 6226December 19, 1988Full Service Brick and Mortar
22243248Main Street Branch151 Main Street, Deep River, CT 6417March 23, 1992Full Service Brick and Mortar
24243249Durham Branch357 Main Street, Durham, CT 6422December 13, 1993Full Service Brick and Mortar
25243250Essex Branch7 Main Street, Essex, CT 6426July 25, 1994Full Service Brick and Mortar
26243251Salem Plaza Branch77 Salem Turnpike (Route 82), Norwich, CT 6360Febuary 13, 1996Full Service Brick and Mortar
27243252Wallingford Branch909 North Colony Road, Wallingford, CT 6492October 28, 1996Full Service Brick and Mortar
28244581Middlefield Branch486 Main Street, Middlefield, CT 6455December 07, 1974Full Service Brick and Mortar
294235361 Bank Street Branch61 Bank Street, New London, CT 6320January 01, 1914Full Service Brick and Mortar
3112142Liberty Bank Branch29 W.F. Palmer Road, Moodus, CT 6469January 01, 1870Full Service Brick and Mortar
33244376Haddam Branch26 Killingworth Road, Higganum, CT 6441June 17, 1993Full Service Brick and Mortar
34360908Liberty Cash A Check Branch548 Main Street, Middletown, CT 6457November 13, 2000Full Service Brick and Mortar
35363454Highland Avenue Branch160 Highland Avenue, Cheshire, CT 6410April 03, 2002Full Service Brick and Mortar
36364963North Haven Branch174 Washington Avenue, North Haven, CT 6473November 03, 2001Full Service Brick and Mortar
37424720Madison Branch859 Boston Post Road, Madison, CT 6443December 17, 2003Full Service Brick and Mortar
38480477Wethersfield Branch171 Silas Deane Highway, Wethersfield, CT 6109August 18, 2008Full Service Brick and Mortar
40500511Berlin Branch1169 Farmington Avenue, Berlin, CT 6037January 14, 2010Full Service Brick and Mortar
42512432Niantic Express Branch12 Hope Street, Niantic, CT 6357June 30, 2009Limited Service Facility
43514038Plainville Branch48 East Street, Plainville, CT 6062October 18, 2010Full Service Brick and Mortar
44364046Ct River Cmnty Bk Br1190 Silas Deane Highway, Wethersfield, CT 6109November 18, 2002Full Service Brick and Mortar
45444146Glastonbury Branch64 Oak Street, Glastonbury, CT 6033August 15, 2005Full Service Brick and Mortar
46521567Meriden Branch852 East Main Street, Meriden, CT 6450January 18, 2011Full Service Brick and Mortar
47483199West Hartford Branch970 Farmington Ave, West Hartford, CT 6107December 08, 2008Full Service Brick and Mortar
48522320Newington Branch1300 Main Street, Newington, CT 6111September 19, 2011Full Service Brick and Mortar
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Liberty Bank.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.