NEW ENGLAND BANK in Enfield, Connecticut (CT)

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NEW ENGLAND BANK routing number info

Table of contents:
GeneralFDIC Certificate #: 35378
Status: Active
Federal Reserve ID: 2858205
Bank Holding Company (Regulatory Top Holder): New England Bancshares, Inc. (RSSDID: 3137970, Location: Enfield, CT)
Date Established: November 15, 1999
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 15 (Domestic: 15, Interstate: No)
FDIC's unique #: 78846
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: 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: November 15, 1999
Last Structure Change Effective Date: June 08, 2009
Last Structure Change Process Date: June 12, 2009
Last Data Update: June 12, 2009
Data Source Date: April 05, 2012
LocationAddress: 855 Enfield Street, Enfield, CT 6082
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 ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal assets: $724.5 mil
Equity capital: $71.3 mil
Deposits held in domestic offices: $582.4 mil
Return on assets (ROA): 0.60% ($4.3 mil)
Quarterly return on assets: 0.95% ($6.9 mil)
Return on Equity (ROE): 5.99% ($4.3 mil)
Quarterly return on equity: 9.68% ($6.9 mil)
Net income: $4.2 mil
Quarterly Net income: $1.7 mil
Pretax return on assets: 0.93% ($6,738.2 mil)
Quarterly Pretax return on assets: 1.50% ($10,868.0 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)
Total employees (full-time equivalent)136
Total assets$724,534
Cash and due from depository institutions$65,861
Interest-bearing balances$58,088
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$548,441
Loan loss allowance $5,578
Trading account assets$0
Bank premises and fixed assets$6,308
Other real estate owned$1,559
Goodwill and other intangibles$17,788
All other assets$25,095
Life insurance assets$724,534
Total liabilities and capital$653,225
Total liabilities$582,388
Total deposits$512,477
Interest-bearing deposits$582,388
Deposits held in domestic offices$89
% insured (estimated)27495.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$39,347
Other borrowed funds $0
Subordinated debt $3,995
All other liabilities $71,309
Total equity capital$71,309
Total bank equity capital$71,309
Perpetual preferred stock$0
Common stock$893
Undivided profits $457
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $309
Income earned, not collected on loans $14,575
Earning assets $0
Long-term assets (5+ years) $2,356
Average Assets, year-to-date $666,011
Average Assets, quarterly $206,826
Volatile liabilities $701,138
Insider loans $718,998
FHLB advances $517,964
Loans and leases held for sale $705,422
Unused loan commitments $10,287
Tier 1 (core) risk-based capital $7,518
Tier 2 risk-based capital $52,805
Total risk weighted assets $0
Total unused commitments $2,769
Restructured Loans and leases $54,895
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $32,660
Total interest expense $9,984
Net interest income $22,676
Provision for loan and lease losses $1,585
Total noninterest income $3,129
Fiduciary activities $0
Service charges on deposit accounts $851
Trading account gains & fees $0
Additional noninterest income $2,278
Total noninterest expense $18,005
Salaries and employee benefits $8,954
Premises and equipment expense $4,088
Additional noninterest expense $4,963
Pre-tax net operating income $6,215
Securities gains (losses) $279
Applicable income taxes $2,256
Income before extraordinary items $4,238
Extraordinary gains - net $0
Net income attributable to bank $4,238
Net charge-offs $0
Cash dividends $4,238
Sale, conversion, retirement of capital stock, net $1,484
Net operating income $4,000
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.09%
Cost of funding earning assets 1.56%
Net interest margin 3.53%
Noninterest income to earning assets 0.49%
Noninterest expense to earning assets 2.80%
Net operating income to assets 0.58%
Return on assets (ROA) 0.60%
Pretax return on assets 0.93%
Return on equity (ROE) 5.99%
Retained earnings to average equity (YTD only) 0.34%
Net charge-offs to loans 0.28%
Credit loss provision to net charge-offs 106.81%
Efficiency ratio5.26%
Assets per employee$68,289
Cash dividends to net income (YTD only)5.33%
Condition Ratios (%)
Loss allowance to loans 94.38%
Loss allowance to noncurrent loans 1.01%
Noncurrent assets plus other real estate owned to assets 38.27%
Noncurrent loans to loans 2.23%
Net loans and leases to deposits2.63%
Net loans and leases to core deposits 94.17%
Equity capital to assets 97.78%
Core capital (leverage) ratio 9.84%
Tier 1 risk-based capital ratio 7.49%
Total risk-based capital ratio 10.19%
Average assets$11
Average earning assets$701,138
Average equity $70,712
Average loans $641,927
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15 Connecticut Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
078846New England Bank855 Enfield Street, Enfield, CT 6082November 15, 1999Full Service Brick and Mortar
1366073Terryville BranchEight South Main Street, Terryville, CT 6786October 01, 2002Full Service Brick and Mortar
2458002Southington Branch98 Main Street, Southington, CT 6489January 08, 2007Full Service Brick and Mortar
3461614Farmington Avenue Branch888 Farmington Avenue, Bristol, CT 6010March 12, 2007Full Service Brick and Mortar
5264798268 Hazard Avenue Branch268 Hazard Avenue, Enfield, CT 6082January 01, 1916Full Service Brick and Mortar
6264800Suffield Village Office Branch112 Mountain Road, Suffield, CT 6078January 01, 1916Full Service Brick and Mortar
7425145Manchester Branch23 Main Street, Manchester, CT 6040October 01, 2002Full Service Brick and Mortar
8425146Windsor Locks Branch20 Main Street, Windsor Locks, CT 6096August 06, 2002Full Service Brick and Mortar
10359208Broad Brook Branch124 Main Street, Broad Brook, CT 6016Febuary 01, 2000Full Service Brick and Mortar
11464007Shoham Road Branch1 Shoham Road, East Windsor, CT 6088October 01, 2005Full Service Brick and Mortar
12464008Somers Road Branch287 Somers Road, Ellington, CT 6029April 15, 2006Full Service Brick and Mortar
13491191Bristol BranchFour Riverside Avenue, Bristol, CT 6010June 05, 2009Full Service Brick and Mortar
14358490Cheshire Branch286 Maple Avenue, Cheshire, CT 6410March 02, 2001Full Service Brick and Mortar
15455427Wallingford Branch670 North Colony Road, Wallingford, CT 6492October 02, 2006Full Service Brick and Mortar
16464952Southington Branch158 North Main Street, Southington, CT 6489June 18, 2007Full Service Brick and Mortar
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