Manchester State Bank in Manchester, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 12, 1996

  • Manchester State Bank in Manchester, Connecticut (CT)
  • Show street view No street view available for this location

Manchester State Bank - Overview

  • General
  • FDIC Certificate #: 20308
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: New England Bank and Trust Company (#20536)
    Federal Reserve ID: 332505
    Date Established: November 30, 1970
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 9295
    FDIC's unique #: 13981
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 30, 1970
    Last Structure Change Effective Date: July 12, 1996
    Last Structure Change Process Date: August 22, 1996
    Last Data Update: August 22, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 1041 Main Street, Manchester, CT 6040
    County: Hartford
    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
    Metropolitan Statistical Area (MSA): Hartford, CT (#3280)
    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
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $92.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $48Total assets
  • $94,771Cash and due from depository institutions
  • $3,855Interest-bearing balances
  • $80Securities
  • $3,559Federal funds sold & reverse repurchase agreements
  • $14,275Net loans & leases
  • $70,066Loan loss allowance
  • $1,435Trading account assets
  • $0Bank premises and fixed assets
  • $1,062Other real estate owned
  • $779Goodwill and other intangibles
  • $1,175Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $94,771Total liabilities
  • $88,237Total deposits
  • $87,134Interest-bearing deposits
  • $69,609Deposits held in domestic offices
  • 87134.00%% insured (estimated)
  • $90Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,103Total equity capital
  • $1,103Total bank equity capital
  • $6,534Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $850Undivided profits
  • Memoranda
  • $4,684Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,081Income earned, not collected on loans
  • $461Earning assets
  • $87,980Long-term assets (5+ years)
  • $423Average Assets, year-to-date
  • $95,011Average Assets, quarterly
  • $94,282Volatile liabilities
  • $6,965Insider loans
  • $2,261FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,064Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,534Total risk weighted assets
  • $66,561Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $7,370Total interest expense
  • $2,733Net interest income
  • $4,637Provision for loan and lease losses
  • $475Total noninterest income
  • $459Fiduciary activities
  • $0Service charges on deposit accounts
  • $261Trading account gains & fees
  • $0Additional noninterest income
  • $198Total noninterest expense
  • $3,900Salaries and employee benefits
  • $1,761Premises and equipment expense
  • $532Additional noninterest expense
  • $1,607Pre-tax net operating income
  • $721Securities gains (losses)
  • $0Applicable income taxes
  • $380Income before extraordinary items
  • $341Extraordinary gains - net
  • $0Net income attributable to bank
  • $341Net charge-offs
  • $500Cash dividends
  • $50Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.38%Cost of funding earning assets
  • 3.11%Net interest margin
  • 5.27%Noninterest income to earning assets
  • 0.52%Noninterest expense to earning assets
  • 4.43%Net operating income to assets
  • 0.36%Return on assets (ROA)
  • 0.36%Pretax return on assets
  • 0.76%Return on equity (ROE)
  • 5.25%Retained earnings to average equity (YTD only)
  • 4.48%Net charge-offs to loans
  • 0.67%Credit loss provision to net charge-offs
  • 95.00%Efficiency ratio
  • 76,531Assets per employee
  • 1.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 14.66%Loss allowance to loans
  • 2.01%Loss allowance to noncurrent loans
  • 68.96%Noncurrent assets plus other real estate owned to assets
  • 3.02%Noncurrent loans to loans
  • 2.91%Net loans and leases to deposits
  • 80.41%Net loans and leases to core deposits
  • 87.40%Equity capital to assets
  • 6.89%Core capital (leverage) ratio
  • 7.00%Tier 1 risk-based capital ratio
  • 9.82%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $95,011Average earning assets
  • $6,492Average equity
  • $87,952Average loans

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