Northway Bank in Berlin, New Hampshire (NH)
Overview, Financial Summary, Detailed Financial Reports, Branches

Northway Bank - Overview

  • General
  • FDIC Certificate #: 14240
    Status: Active
    Federal Reserve ID: 30502
    Bank Holding Company (Regulatory Top Holder): Northway Financial, Inc. (RSSDID: 2582827, Location: North Conway, NH)
    Date Established: January 01, 1934
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 17 (Domestic: 17, Interstate: No)
    OTS Docket #: 9534
    FDIC's unique #: 8890
    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: April 16, 1934
    Last Structure Change Effective Date: April 07, 2006
    Last Structure Change Process Date: April 17, 2006
    Last Data Update: April 17, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 9 Main Street, Berlin, NH 3570
    County: Coos
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Concord
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Core Based Statistical Area (CBSA): Berlin, NH-VT (#13620)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $814.2 mil
    Equity capital: $83.8 mil
    Deposits held in domestic offices: $619.0 mil
    Return on assets (ROA): 0.72% ($5.9 mil)
    Quarterly return on assets: 0.18% ($1.5 mil)
    Return on Equity (ROE): 7.58% ($6.4 mil)
    Quarterly return on equity: 1.70% ($1.4 mil)
    Net income: $5.8 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.87% ($7,083.9 mil)
    Quarterly Pretax return on assets: -0.01% (-$81.4 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 210Total employees (full-time equivalent)
  • $814,236Total assets
  • $32,381Cash and due from depository institutions
  • $11,479Interest-bearing balances
  • $249,415Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $490,811Net loans & leases
  • $10,332Loan loss allowance
  • $0Trading account assets
  • $11,545Bank premises and fixed assets
  • $600Other real estate owned
  • $11,283Goodwill and other intangibles
  • $814,236Life insurance assets
  • $18,201All other assets
  • $730,441Total liabilities and capital
  • $618,954Total liabilities
  • $556,821Total deposits
  • $618,954Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 33291.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $73,658Trading liabilities
  • $0Other borrowed funds
  • $4,538Subordinated debt
  • $83,795All other liabilities
  • $83,795Total equity capital
  • $83,795Total bank equity capital
  • $0Perpetual preferred stock
  • $542Common stock
  • $33,734Surplus
  • $49,519Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,065Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $17,181Income earned, not collected on loans
  • $241Earning assets
  • $2,735Long-term assets (5+ years)
  • $751,705Average Assets, year-to-date
  • $441,749Average Assets, quarterly
  • $809,084Volatile liabilities
  • $807,600Insider loans
  • $473,531FHLB advances
  • $812,064Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $73,629Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $120,644Restructured Loans and leases
  • $1,020Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $32,545Total interest income
  • $7,501Total interest expense
  • $25,044Net interest income
  • $4,660Provision for loan and lease losses
  • $9,817Total noninterest income
  • $0Fiduciary activities
  • $2,433Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,384Additional noninterest income
  • $26,657Total noninterest expense
  • $13,191Salaries and employee benefits
  • $3,113Premises and equipment expense
  • $10,353Additional noninterest expense
  • $3,544Pre-tax net operating income
  • $3,483Securities gains (losses)
  • $1,220Applicable income taxes
  • $5,807Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,807Net income attributable to bank
  • $0Net charge-offs
  • $5,807Cash dividends
  • $2,986Sale, conversion, retirement of capital stock, net
  • $5,026Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.33%Yield on earning assets
  • 1.00%Cost of funding earning assets
  • 3.33%Net interest margin
  • 1.30%Noninterest income to earning assets
  • 3.54%Noninterest expense to earning assets
  • 0.36%Net operating income to assets
  • 0.72%Return on assets (ROA)
  • 0.87%Pretax return on assets
  • 7.58%Return on equity (ROE)
  • 1.02%Retained earnings to average equity (YTD only)
  • 0.59%Net charge-offs to loans
  • 156.06%Credit loss provision to net charge-offs
  • 2.75%Efficiency ratio
  • 76,154Assets per employee
  • 3.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 86.55%Loss allowance to loans
  • 2.06%Loss allowance to noncurrent loans
  • 60.14%Noncurrent assets plus other real estate owned to assets
  • 2.26%Noncurrent loans to loans
  • 3.43%Net loans and leases to deposits
  • 79.30%Net loans and leases to core deposits
  • 80.65%Equity capital to assets
  • 10.29%Core capital (leverage) ratio
  • 9.07%Tier 1 risk-based capital ratio
  • 15.55%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $809,084Average earning assets
  • $76,603Average equity
  • $752,376Average loans

List of branches

  • 17 New Hampshire Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08890Northway Bank9 Main Street, Berlin, NH 3570January 01, 1934Full Service Brick and Mortar
    3231214Gorham Branch260 Main Street, Gorham, NH 3581November 12, 1988Full Service Brick and Mortar
    6271823Route 16 North Branch3278 White Mountain Highway, North Conway, NH 3860June 30, 1987Full Service Brick and Mortar
    9231217Conway Village Branch34 West Main Street, Conway, NH 3818March 03, 1998Full Service Brick and Mortar
    11226737West Ossipee BranchRoutes 16 And 25, Ossipee, NH 3864Febuary 08, 1982Full Service Brick and Mortar
    134216West Plymouth Branch287 Highland Street, Plymouth, NH 3264January 01, 1881Full Service Brick and Mortar
    14209102Campton BranchRoute 49, Campton, NH 3223April 07, 1975Full Service Brick and Mortar
    15209103Plymouth Downtown Branch1-3 Highland Street, Plymouth, NH 3264Febuary 05, 1979Full Service Brick and Mortar
    16209104Ashland Branch130 Main Street, Ashland, NH 3217July 01, 1987Full Service Brick and Mortar
    1840959Franklin-Nh Branch354 Central Street, Franklin, NH 3235January 01, 1888Full Service Brick and Mortar
    1911220Tilton Branch5 Market Street, Tilton, NH 3276May 01, 1870Full Service Brick and Mortar
    20209042Laconia Branch400 South Main Street, Laconia, NH 3246March 21, 1979Full Service Brick and Mortar
    21241125Pittsfield Branch55 Main Street, Pittsfield, NH 3263July 07, 1969Full Service Brick and Mortar
    22365645Belmont Branch9 Old State Road, Belknap Mall, Belmont, NH 3220May 01, 2000Full Service Brick and Mortar
    26480444North Conway Branch, Settlers Crossing Branch1500 White Mountain Highway, North Conway, NH 3860December 01, 1986Full Service Brick and Mortar
    27511683Concord Branch66 North Main Street, Concord, NH 3301August 16, 2010Full Service Brick and Mortar
    28518494Meredith Branch42 Upper Ladd Hill Road, Meredith, NH 3253April 04, 2011Full Service Brick and Mortar

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