New Canaan Bank and Trust Company in New Canaan, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 31, 1999

  • New Canaan Bank and Trust Company in New Canaan, Connecticut (CT)
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New Canaan Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 22261
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Summit Bank (#17944)
    Federal Reserve ID: 225308
    Date Established: April 23, 1976
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 9613
    FDIC's unique #: 15474
    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 23, 1976
    Last Structure Change Effective Date: March 31, 1999
    Last Structure Change Process Date: May 06, 1999
    Last Data Update: May 06, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 208 Elm Street, New Canaan, CT 6840
    County: Fairfield
    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): Stamford-Norwalk, CT (#8040)
    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): Bridgeport-Stamford-Norwalk, CT (#14860)
    CBSA Metro Statistical Area: Bridgeport-Stamford-Norwalk, CT (#14860)
  • Financial Summary
  • Total assets: $181.6 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, 1998)

  • Dollar figures in thousands
  • 64Total employees (full-time equivalent)
  • $181,626Total assets
  • $7,022Cash and due from depository institutions
  • $2Interest-bearing balances
  • $57,658Securities
  • $5,170Federal funds sold & reverse repurchase agreements
  • $107,762Net loans & leases
  • $2,138Loan loss allowance
  • $0Trading account assets
  • $2,290Bank premises and fixed assets
  • $26Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,698All other assets
  • $181,626Total liabilities and capital
  • $164,901Total liabilities
  • $161,677Total deposits
  • $128,765Interest-bearing deposits
  • $161,677Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $3,224All other liabilities
  • $16,725Total equity capital
  • $16,725Total bank equity capital
  • $16,725Perpetual preferred stock
  • $0Common stock
  • $1,672Surplus
  • $3,459Undivided profits
  • Memoranda
  • $11,594Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $732Earning assets
  • $0Long-term assets (5+ years)
  • $443Average Assets, year-to-date
  • $170,592Average Assets, quarterly
  • $41,769Volatile liabilities
  • $166,880Insider loans
  • $172,967FHLB advances
  • $16,648Loans and leases held for sale
  • $1,190Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,005Total risk weighted assets
  • $26,441Total unused commitments
  • $0Restructured Loans and leases
  • $132,506Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $11,679Total interest income
  • $3,850Total interest expense
  • $7,829Net interest income
  • $0Provision for loan and lease losses
  • $1,635Total noninterest income
  • $0Fiduciary activities
  • $577Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,058Additional noninterest income
  • $6,240Total noninterest expense
  • $3,253Salaries and employee benefits
  • $1,237Premises and equipment expense
  • $1,750Additional noninterest expense
  • $3,224Pre-tax net operating income
  • $39Securities gains (losses)
  • $1,171Applicable income taxes
  • $2,092Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,092Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$28Sale, conversion, retirement of capital stock, net
  • $251Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.50%Yield on earning assets
  • 2.47%Cost of funding earning assets
  • 5.03%Net interest margin
  • 1.05%Noninterest income to earning assets
  • 4.01%Noninterest expense to earning assets
  • 1.24%Net operating income to assets
  • 1.25%Return on assets (ROA)
  • 1.96%Pretax return on assets
  • 13.23%Return on equity (ROE)
  • 11.65%Retained earnings to average equity (YTD only)
  • -0.03%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 65,934Assets per employee
  • 2.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 12.00%Loss allowance to loans
  • 1.95%Loss allowance to noncurrent loans
  • 292.08%Noncurrent assets plus other real estate owned to assets
  • 0.42%Noncurrent loans to loans
  • 0.67%Net loans and leases to deposits
  • 66.65%Net loans and leases to core deposits
  • 74.30%Equity capital to assets
  • 9.21%Core capital (leverage) ratio
  • 9.74%Tier 1 risk-based capital ratio
  • 12.62%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $166,880Average earning assets
  • $15,809Average equity
  • $155,617Average loans

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