NMBT in New Milford, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 15, 2000

  • NMBT in New Milford, Connecticut (CT)
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NMBT - Overview

  • General
  • FDIC Certificate #: 21977
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Summit Bank (#17944)
    Federal Reserve ID: 213903
    Date Established: April 14, 1975
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Interstate: No)
    OTS Docket #: 9346
    FDIC's unique #: 15236
    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: April 14, 1975
    Last Structure Change Effective Date: April 15, 2000
    Last Structure Change Process Date: May 12, 2000
    Last Data Update: May 12, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 55 Main Street, New Milford, CT 6776
    County: Litchfield
    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): Danbury, CT (#1930)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): Torrington, CT (#45860)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $434.2 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 165Total employees (full-time equivalent)
  • $402,762Total assets
  • $30,106Cash and due from depository institutions
  • $1Interest-bearing balances
  • $104,245Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $257,060Net loans & leases
  • $4,079Loan loss allowance
  • $0Trading account assets
  • $3,354Bank premises and fixed assets
  • $115Other real estate owned
  • $1,314Goodwill and other intangibles
  • $0Life insurance assets
  • $6,568All other assets
  • $402,762Total liabilities and capital
  • $374,550Total liabilities
  • $305,773Total deposits
  • $264,487Interest-bearing deposits
  • $305,773Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $66,396Other borrowed funds
  • $0Subordinated debt
  • $2,381All other liabilities
  • $28,212Total equity capital
  • $28,212Total bank equity capital
  • $28,212Perpetual preferred stock
  • $0Common stock
  • $2,603Surplus
  • $14,730Undivided profits
  • Memoranda
  • $10,879Noncurrent loans and leases
  • $71,154Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,799Earning assets
  • $63Long-term assets (5+ years)
  • $1,225Average Assets, year-to-date
  • $361,306Average Assets, quarterly
  • $108,803Volatile liabilities
  • $389,155Insider loans
  • $397,002FHLB advances
  • $55,191Loans and leases held for sale
  • $4,373Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $439Total risk weighted assets
  • $71,154Total unused commitments
  • $0Restructured Loans and leases
  • $2,939Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $24,745Total interest income
  • $9,876Total interest expense
  • $14,869Net interest income
  • $207Provision for loan and lease losses
  • $2,991Total noninterest income
  • $0Fiduciary activities
  • $1,016Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,975Additional noninterest income
  • $11,656Total noninterest expense
  • $6,365Salaries and employee benefits
  • $1,876Premises and equipment expense
  • $3,415Additional noninterest expense
  • $5,997Pre-tax net operating income
  • -$7Securities gains (losses)
  • $1,836Applicable income taxes
  • $4,154Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,154Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$33Sale, conversion, retirement of capital stock, net
  • $1,379Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.88%Yield on earning assets
  • 2.74%Cost of funding earning assets
  • 4.13%Net interest margin
  • 0.83%Noninterest income to earning assets
  • 3.24%Noninterest expense to earning assets
  • 1.07%Net operating income to assets
  • 1.07%Return on assets (ROA)
  • 1.54%Pretax return on assets
  • 14.85%Return on equity (ROE)
  • 9.92%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -627.27%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 62,665Assets per employee
  • 2.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 33.20%Loss allowance to loans
  • 1.56%Loss allowance to noncurrent loans
  • 226.74%Noncurrent assets plus other real estate owned to assets
  • 0.48%Noncurrent loans to loans
  • 0.69%Net loans and leases to deposits
  • 84.07%Net loans and leases to core deposits
  • 90.07%Equity capital to assets
  • 7.00%Core capital (leverage) ratio
  • 7.58%Tier 1 risk-based capital ratio
  • 12.78%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $389,155Average earning assets
  • $27,971Average equity
  • $359,873Average loans

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