MidConn Bank in city_name, state_name - Detailed Financial Reports, Location

MidConn Bank in Kensington, Connecticut (CT)
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MidConn Bank - Overview

General
FDIC Certificate #: 18260
Status: Inactive
Closing history: Corrections
Acquiring institution: Eagle Bank (#28052)
Federal Reserve ID: 694100
Date Established: January 01, 1873
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 10 (Interstate: No)
OTS Docket #: 7630
FDIC's unique #: 12176
Numeric code: 41
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
FDIC Insured: Yes
Insured Savings Institution: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: July 01, 1960
Last Structure Change Effective Date: May 31, 1997
Last Structure Change Process Date: June 16, 1997
Last Data Update: July 07, 1997
Data Source Date: April 05, 2012
Location
Address: 346 Main Street, Kensington, CT 6037
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
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: $361.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$124Total assets
$363,176Cash and due from depository institutions
$8,350Interest-bearing balances
$2,527Securities
$60,515Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$278,137Loan loss allowance
$1,905Trading account assets
$0Bank premises and fixed assets
$4,022Other real estate owned
$2,338Goodwill and other intangibles
$4,438Life insurance assets
$5,376All other assets
$0Total liabilities and capital
$363,176Total liabilities
$327,754Total deposits
$314,989Interest-bearing deposits
$302,933Deposits held in domestic offices
314989.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$10,641Subordinated debt
$0All other liabilities
$2,124Total equity capital
$2,124Total bank equity capital
$35,422Perpetual preferred stock
$0Common stock
$1,953Surplus
$19,644Undivided profits
Memoranda
$13,825Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$4,927Income earned, not collected on loans
$1,557Earning assets
$341,179Long-term assets (5+ years)
$119,212Average Assets, year-to-date
$363,775Average Assets, quarterly
$360,803Volatile liabilities
$14,121Insider loans
$659FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$15,608Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$30,026Total risk weighted assets
$210,295Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$25,051Total interest expense
$11,560Net interest income
$13,491Provision for loan and lease losses
$1,300Total noninterest income
$887Fiduciary activities
$0Service charges on deposit accounts
$405Trading account gains & fees
$0Additional noninterest income
$482Total noninterest expense
$10,155Salaries and employee benefits
$4,547Premises and equipment expense
$1,687Additional noninterest expense
$3,921Pre-tax net operating income
$2,923Securities gains (losses)
$0Applicable income taxes
$993Income before extraordinary items
$1,930Extraordinary gains - net
$0Net income attributable to bank
$1,930Net charge-offs
$1,467Cash dividends
$1,155Sale, conversion, retirement of capital stock, net
$533Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.37%Cost of funding earning assets
3.40%Net interest margin
3.97%Noninterest income to earning assets
0.26%Noninterest expense to earning assets
2.99%Net operating income to assets
0.53%Return on assets (ROA)
0.53%Pretax return on assets
0.80%Return on equity (ROE)
5.55%Retained earnings to average equity (YTD only)
2.23%Net charge-offs to loans
0.54%Credit loss provision to net charge-offs
88.62%Efficiency ratio
67,235Assets per employee
2.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
59.84%Loss allowance to loans
0.68%Loss allowance to noncurrent loans
38.66%Noncurrent assets plus other real estate owned to assets
2.00%Noncurrent loans to loans
1.76%Net loans and leases to deposits
88.30%Net loans and leases to core deposits
92.29%Equity capital to assets
9.75%Core capital (leverage) ratio
8.47%Tier 1 risk-based capital ratio
14.28%Total risk-based capital ratio
Memoranda
$15Average assets
$363,775Average earning assets
$34,768Average equity
$339,960Average loans

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Had a loan in 1992 with Midconn bank what happened to it

MidConn Bank in Kensington, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

MidConn Bank - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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MidConn Bank in Kensington, Connecticut (CT)Overview, Financial Summary, Detailed Financial Reports, Branches

MidConn Bank - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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

MidConn Bank in Kensington, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches