Maine Bank & Trust Company in Portland, Maine (ME)



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Maine Bank & Trust Company
GeneralFDIC Certificate #: 33525
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: People's United Bank (#27334)
Federal Reserve ID: 1904673
Date Established: November 20, 1991
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 18080
FDIC's unique #: 47364
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: November 20, 1991
Last Structure Change Effective Date: January 01, 2009
Last Structure Change Process Date: Febuary 19, 2009
Last Data Update: Febuary 19, 2009
Data Source Date: April 05, 2012
LocationAddress: 467 Congress Street, Portland, ME 4103
County: Cumberland
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
Metropolitan Statistical Area (MSA): Portland, ME (#6400)
Combined Statistical Area (CSA): Portland-Lewiston-South Portland, ME (#438)
Core Based Statistical Area (CBSA): Portland-South Portland-Biddeford, ME (#38860)
CBSA Metro Statistical Area: Portland-South Portland-Biddeford, ME (#38860)
Financial SummaryTotal assets: $430.3 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, 2008)
(Dollar figures in thousands)
Total employees (full-time equivalent)119
Total assets$430,294
Cash and due from depository institutions$6,935
Interest-bearing balances$0
Securities$42,408
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$304,899
Loan loss allowance $4,093
Trading account assets$0
Bank premises and fixed assets$7,645
Other real estate owned$161
Goodwill and other intangibles$64,704
All other assets$3,542
Life insurance assets$0
Total liabilities and capital$430,294
Total liabilities$333,403
Total deposits$279,076
Interest-bearing deposits$239,860
Deposits held in domestic offices$279,076
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $43,428
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $10,899
Total equity capital$96,891
Total bank equity capital$96,891
Perpetual preferred stock$96,891
Common stock$0
Surplus$0
Undivided profits $93,523
Memoranda
Noncurrent loans and leases $3,368
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $112,692
Income earned, not collected on loans $0
Earning assets $3,659
Long-term assets (5+ years) $28
Average Assets, year-to-date $1,000
Average Assets, quarterly $347,307
Volatile liabilities $0
Insider loans $422,019
FHLB advances $426,690
Loans and leases held for sale $62,509
Unused loan commitments $3,469
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $112,692
Restructured Loans and leases $161
Derivatives$3,833
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Income and Expense (December 31, 2008)
(Dollar figures in thousands)
Total interest income $20,488
Total interest expense $4,248
Net interest income $16,240
Provision for loan and lease losses $381
Total noninterest income $7,720
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $7,720
Total noninterest expense $18,598
Salaries and employee benefits $8,316
Premises and equipment expense $1,877
Additional noninterest expense $8,405
Pre-tax net operating income $4,981
Securities gains (losses) $191
Applicable income taxes $1,856
Income before extraordinary items $3,316
Extraordinary gains - net $0
Net income attributable to bank $3,316
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $344
Net operating income $0
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Performance and Condition Ratios (December 31, 2008)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.94%
Cost of funding earning assets 1.23%
Net interest margin 4.71%
Noninterest income to earning assets 2.24%
Noninterest expense to earning assets 5.39%
Net operating income to assets 0.76%
Return on assets (ROA) 0.79%
Pretax return on assets 1.23%
Return on equity (ROE) 3.83%
Retained earnings to average equity (YTD only) 3.83%
Net charge-offs to loans 0.11%
Credit loss provision to net charge-offs 110.76%
Efficiency ratio15.59%
Assets per employee$71,373
Cash dividends to net income (YTD only)3.62%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.32%
Noncurrent assets plus other real estate owned to assets 111.86%
Noncurrent loans to loans 0.89%
Net loans and leases to deposits1.18%
Net loans and leases to core deposits 109.25%
Equity capital to assets 117.27%
Core capital (leverage) ratio 22.52%
Tier 1 risk-based capital ratio 8.77%
Total risk-based capital ratio 10.49%
Memoranda
Average assets$12
Average earning assets$422,019
Average equity $86,526
Average loans $345,144
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Total Fiduciary and Related Assets (December 31, 2008)
(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$379,459
Number of Accounts1
Personal trust and agency accounts$330,366
Employee benefit-defined contribution accounts$132,736
Employee benefit-defined benefit accounts$1,117
Other retirement accounts$0
Corporate trust and agency accounts$24,399
Investment management agency accounts$0
Other fiduciary accounts$172,114
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts690
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$49,093
Corporate trust and agency accounts$30,765
Other fiduciary accounts$13,036
Fiduciary accounts held in foreign offices$5,289
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