Liberty Bank in Middletown, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches


Liberty Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total 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
  • 571Total employees (full-time equivalent)
  • $3,394,125Total assets
  • $156,927Cash and due from depository institutions
  • $105,749Interest-bearing balances
  • $723,698Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $2,334,820Net loans & leases
  • $36,393Loan loss allowance
  • $0Trading account assets
  • $28,688Bank premises and fixed assets
  • $781Other real estate owned
  • $18,049Goodwill and other intangibles
  • $3,394,125Life insurance assets
  • $131,162All other assets
  • $2,919,811Total liabilities and capital
  • $2,747,027Total liabilities
  • $2,258,968Total deposits
  • $2,747,027Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $89,730Trading liabilities
  • $0Other borrowed funds
  • $83,054Subordinated debt
  • $474,314All other liabilities
  • $474,314Total equity capital
  • $474,314Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $6,926Surplus
  • $467,388Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $48,757Income earned, not collected on loans
  • $0Earning assets
  • $9,240Long-term assets (5+ years)
  • $3,164,267Average Assets, year-to-date
  • $854,213Average Assets, quarterly
  • $3,387,022Volatile liabilities
  • $3,389,248Insider loans
  • $2,753,847FHLB advances
  • $3,368,112Loans and leases held for sale
  • $53,828Unused loan commitments
  • $2,445Tier 1 (core) risk-based capital
  • $483,457Tier 2 risk-based capital
  • $51,383Total risk weighted assets
  • $0Total unused commitments
  • $680,400Restructured Loans and leases
  • $2Derivatives

Income and Expense (December 31, 2011)

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

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.36%Yield on earning assets
  • 0.81%Cost of funding earning assets
  • 3.55%Net interest margin
  • 0.72%Noninterest income to earning assets
  • 2.89%Noninterest expense to earning assets
  • 0.77%Net operating income to assets
  • 0.83%Return on assets (ROA)
  • 1.24%Pretax return on assets
  • 5.96%Return on equity (ROE)
  • 5.96%Retained earnings to average equity (YTD only)
  • 0.69%Net charge-offs to loans
  • 31.09%Credit loss provision to net charge-offs
  • 2.72%Efficiency ratio
  • 67,278Assets per employee
  • 5.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.53%Loss allowance to noncurrent loans
  • 74.64%Noncurrent assets plus other real estate owned to assets
  • 1.46%Noncurrent loans to loans
  • 2.06%Net loans and leases to deposits
  • 84.99%Net loans and leases to core deposits
  • 88.40%Equity capital to assets
  • 13.97%Core capital (leverage) ratio
  • 14.35%Tier 1 risk-based capital ratio
  • 17.56%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $3,387,022Average earning assets
  • $473,618Average equity
  • $3,164,992Average loans

Total Fiduciary and Related Assets (December 31, 2004)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $41,850Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 2Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $41,850Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 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

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