NEW ENGLAND BANK in Enfield, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • NEW ENGLAND BANK in Enfield, Connecticut (CT)
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NEW ENGLAND BANK routing number info

NEW ENGLAND BANK - Overview

  • General
  • FDIC 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
    WWW: http://www.nebankct.com
    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
  • Location
  • Address: 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 Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total 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
  • 136Total employees (full-time equivalent)
  • $724,534Total assets
  • $65,861Cash and due from depository institutions
  • $58,088Interest-bearing balances
  • $59,482Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $548,441Net loans & leases
  • $5,578Loan loss allowance
  • $0Trading account assets
  • $6,308Bank premises and fixed assets
  • $1,559Other real estate owned
  • $17,788Goodwill and other intangibles
  • $724,534Life insurance assets
  • $25,095All other assets
  • $653,225Total liabilities and capital
  • $582,388Total liabilities
  • $512,477Total deposits
  • $582,388Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 27495.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $39,347Trading liabilities
  • $0Other borrowed funds
  • $3,995Subordinated debt
  • $71,309All other liabilities
  • $71,309Total equity capital
  • $71,309Total bank equity capital
  • $0Perpetual preferred stock
  • $893Common stock
  • $69,959Surplus
  • $457Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $309Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $14,575Income earned, not collected on loans
  • $0Earning assets
  • $2,356Long-term assets (5+ years)
  • $666,011Average Assets, year-to-date
  • $206,826Average Assets, quarterly
  • $701,138Volatile liabilities
  • $718,998Insider loans
  • $517,964FHLB advances
  • $705,422Loans and leases held for sale
  • $10,287Unused loan commitments
  • $7,518Tier 1 (core) risk-based capital
  • $52,805Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,769Total unused commitments
  • $54,895Restructured Loans and leases
  • $2,569Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $32,660Total interest income
  • $9,984Total interest expense
  • $22,676Net interest income
  • $1,585Provision for loan and lease losses
  • $3,129Total noninterest income
  • $0Fiduciary activities
  • $851Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,278Additional noninterest income
  • $18,005Total noninterest expense
  • $8,954Salaries and employee benefits
  • $4,088Premises and equipment expense
  • $4,963Additional noninterest expense
  • $6,215Pre-tax net operating income
  • $279Securities gains (losses)
  • $2,256Applicable income taxes
  • $4,238Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,238Net income attributable to bank
  • $0Net charge-offs
  • $4,238Cash dividends
  • $1,484Sale, conversion, retirement of capital stock, net
  • $4,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.09%Yield on earning assets
  • 1.56%Cost of funding earning assets
  • 3.53%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 2.80%Noninterest expense to earning assets
  • 0.58%Net operating income to assets
  • 0.60%Return on assets (ROA)
  • 0.93%Pretax return on assets
  • 5.99%Return on equity (ROE)
  • 0.34%Retained earnings to average equity (YTD only)
  • 0.28%Net charge-offs to loans
  • 106.81%Credit loss provision to net charge-offs
  • 5.26%Efficiency ratio
  • 68,289Assets per employee
  • 5.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 94.38%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 38.27%Noncurrent assets plus other real estate owned to assets
  • 2.23%Noncurrent loans to loans
  • 2.63%Net loans and leases to deposits
  • 94.17%Net loans and leases to core deposits
  • 97.78%Equity capital to assets
  • 9.84%Core capital (leverage) ratio
  • 7.49%Tier 1 risk-based capital ratio
  • 10.19%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $701,138Average earning assets
  • $70,712Average equity
  • $641,927Average loans

List of branches

  • 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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