Northway Bank in Berlin, New Hampshire (NH)

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Northway Bank
GeneralFDIC 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
LocationAddress: 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 ChangesOffice Purchased
Financial SummaryTotal 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)
Total employees (full-time equivalent)210
Total assets$814,236
Cash and due from depository institutions$32,381
Interest-bearing balances$11,479
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$490,811
Loan loss allowance $10,332
Trading account assets$0
Bank premises and fixed assets$11,545
Other real estate owned$600
Goodwill and other intangibles$11,283
All other assets$18,201
Life insurance assets$814,236
Total liabilities and capital$730,441
Total liabilities$618,954
Total deposits$556,821
Interest-bearing deposits$618,954
Deposits held in domestic offices$86
% insured (estimated)33291.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$73,658
Other borrowed funds $0
Subordinated debt $4,538
All other liabilities $83,795
Total equity capital$83,795
Total bank equity capital$83,795
Perpetual preferred stock$0
Common stock$542
Undivided profits $49,519
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $1,065
Income earned, not collected on loans $17,181
Earning assets $241
Long-term assets (5+ years) $2,735
Average Assets, year-to-date $751,705
Average Assets, quarterly $441,749
Volatile liabilities $809,084
Insider loans $807,600
FHLB advances $473,531
Loans and leases held for sale $812,064
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $73,629
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $120,644
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $32,545
Total interest expense $7,501
Net interest income $25,044
Provision for loan and lease losses $4,660
Total noninterest income $9,817
Fiduciary activities $0
Service charges on deposit accounts $2,433
Trading account gains & fees $0
Additional noninterest income $7,384
Total noninterest expense $26,657
Salaries and employee benefits $13,191
Premises and equipment expense $3,113
Additional noninterest expense $10,353
Pre-tax net operating income $3,544
Securities gains (losses) $3,483
Applicable income taxes $1,220
Income before extraordinary items $5,807
Extraordinary gains - net $0
Net income attributable to bank $5,807
Net charge-offs $0
Cash dividends $5,807
Sale, conversion, retirement of capital stock, net $2,986
Net operating income $5,026
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.33%
Cost of funding earning assets 1.00%
Net interest margin 3.33%
Noninterest income to earning assets 1.30%
Noninterest expense to earning assets 3.54%
Net operating income to assets 0.36%
Return on assets (ROA) 0.72%
Pretax return on assets 0.87%
Return on equity (ROE) 7.58%
Retained earnings to average equity (YTD only) 1.02%
Net charge-offs to loans 0.59%
Credit loss provision to net charge-offs 156.06%
Efficiency ratio2.75%
Assets per employee$76,154
Cash dividends to net income (YTD only)3.88%
Condition Ratios (%)
Loss allowance to loans 86.55%
Loss allowance to noncurrent loans 2.06%
Noncurrent assets plus other real estate owned to assets 60.14%
Noncurrent loans to loans 2.26%
Net loans and leases to deposits3.43%
Net loans and leases to core deposits 79.30%
Equity capital to assets 80.65%
Core capital (leverage) ratio 10.29%
Tier 1 risk-based capital ratio 9.07%
Total risk-based capital ratio 15.55%
Average assets$17
Average earning assets$809,084
Average equity $76,603
Average loans $752,376
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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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