Litchfield Bancorp in Litchfield, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

Litchfield Bancorp - Overview

  • General
  • FDIC Certificate #: 18209
    Status: Active
    Federal Reserve ID: 822408
    Bank Holding Company (Regulatory Top Holder): Connecticut Mutual Holding Company (RSSDID: 2937100, Location: Winsted, CT)
    Date Established: January 01, 1850
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 8748
    FDIC's unique #: 12129
    Numeric code: 41
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: July 01, 1960
    Last Structure Change Effective Date: November 26, 2008
    Last Structure Change Process Date: November 26, 2008
    Last Data Update: November 26, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 294 West Street P.O. Box 997, Litchfield, CT 6759
    County: Litchfield
    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): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): Torrington, CT (#45860)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Name Change
    Change in Location
  • Financial Summary
  • Total assets: $213.6 mil
    Equity capital: $17.5 mil
    Deposits held in domestic offices: $155.6 mil
    Return on assets (ROA): 0.25% ($0.5 mil)
    Quarterly return on assets: 0.26% ($0.6 mil)
    Return on Equity (ROE): 3.12% ($0.6 mil)
    Quarterly return on equity: 3.09% ($0.6 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.36% ($768.9 mil)
    Quarterly Pretax return on assets: 0.38% ($811.6 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
  • 50Total employees (full-time equivalent)
  • $213,584Total assets
  • $15,089Cash and due from depository institutions
  • $10,909Interest-bearing balances
  • $61,873Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $124,790Net loans & leases
  • $972Loan loss allowance
  • $0Trading account assets
  • $929Bank premises and fixed assets
  • $224Other real estate owned
  • $0Goodwill and other intangibles
  • $213,584Life insurance assets
  • $10,679All other assets
  • $196,078Total liabilities and capital
  • $155,585Total liabilities
  • $133,226Total deposits
  • $155,585Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 5000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $32,781Trading liabilities
  • $0Other borrowed funds
  • $2,712Subordinated debt
  • $17,506All other liabilities
  • $17,506Total equity capital
  • $17,506Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $17,505Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $718Income earned, not collected on loans
  • $0Earning assets
  • $755Long-term assets (5+ years)
  • $197,572Average Assets, year-to-date
  • $134,970Average Assets, quarterly
  • $214,707Volatile liabilities
  • $209,984Insider loans
  • $112,600FHLB advances
  • $206,744Loans and leases held for sale
  • $4,219Unused loan commitments
  • $2,417Tier 1 (core) risk-based capital
  • $16,735Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,802Total unused commitments
  • $22,736Restructured Loans and leases
  • $2,902Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,996Total interest income
  • $2,609Total interest expense
  • $6,387Net interest income
  • $34Provision for loan and lease losses
  • $974Total noninterest income
  • $0Fiduciary activities
  • $477Service charges on deposit accounts
  • $0Trading account gains & fees
  • $497Additional noninterest income
  • $6,796Total noninterest expense
  • $3,878Salaries and employee benefits
  • $672Premises and equipment expense
  • $2,246Additional noninterest expense
  • $531Pre-tax net operating income
  • $235Securities gains (losses)
  • $232Applicable income taxes
  • $534Income before extraordinary items
  • $0Extraordinary gains - net
  • $534Net income attributable to bank
  • $0Net charge-offs
  • $534Cash dividends
  • $75Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.52%Yield on earning assets
  • 1.31%Cost of funding earning assets
  • 3.21%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 3.41%Noninterest expense to earning assets
  • 0.17%Net operating income to assets
  • 0.25%Return on assets (ROA)
  • 0.36%Pretax return on assets
  • 3.12%Return on equity (ROE)
  • 3.12%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 45.33%Credit loss provision to net charge-offs
  • 7.53%Efficiency ratio
  • 92,324Assets per employee
  • 4.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.77%Loss allowance to noncurrent loans
  • 135.38%Noncurrent assets plus other real estate owned to assets
  • 0.44%Noncurrent loans to loans
  • 0.57%Net loans and leases to deposits
  • 80.21%Net loans and leases to core deposits
  • 84.60%Equity capital to assets
  • 8.20%Core capital (leverage) ratio
  • 8.09%Tier 1 risk-based capital ratio
  • 14.86%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $214,707Average earning assets
  • $17,121Average equity
  • $199,204Average loans

List of branches

  • 6 Connecticut Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012129Litchfield Bancorp294 West Street P.O. Box 997, Litchfield, CT 6759January 01, 1850Full Service Brick and Mortar
    1244308Washington Depot Branch11 Bryan Plaza, Washington Depot, CT 6794July 12, 1954Full Service Brick and Mortar
    2244309Salisbury Branch326 Main Street, Lakeville, CT 6039Febuary 28, 1972Full Service Brick and Mortar
    5244312Torrington Bus. Banking Ctr. Branch1320 East Main Street, Torrington, CT 6790January 01, 1998Full Service Brick and Mortar
    6244313Oakville Branch423 Main Street, Oakville, CT 6779January 26, 1998Full Service Brick and Mortar
    7437872Litchfield Messenger Serivce Branch294 West Street, Litchfield, CT 6759Febuary 07, 2005Limited Service Messenger

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