Northwest Community Bank in Winsted, Connecticut (CT)



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Northwest Community Bank routing number info

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Northwest Community Bank
GeneralFDIC Certificate #: 18229
Status: Active
Federal Reserve ID: 545604
Bank Holding Company (Regulatory Top Holder): Connecticut Mutual Holding Company (RSSDID: 2937100, Location: Winsted, CT)
Date Established: July 15, 1875
WWW: http://www.nwcommunitybank.com
Trust Powers Granted: No
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 7 (Domestic: 7, Interstate: No)
OTS Docket #: 7825
FDIC's unique #: 12146
Numeric code: 41
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: 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: Mortgage Lending Specialization
Date of Deposit Insurance: July 01, 1960
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 86 Main Street, Winsted, CT 6098
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
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
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $318.9 mil
Equity capital: $37.4 mil
Deposits held in domestic offices: $225.9 mil
Return on assets (ROA): 0.39% ($1.2 mil)
Quarterly return on assets: 0.36% ($1.1 mil)
Return on Equity (ROE): 3.34% ($1.2 mil)
Quarterly return on equity: 3.11% ($1.2 mil)
Net income: $1.2 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 0.48% ($1,530.8 mil)
Quarterly Pretax return on assets: 0.43% ($1,371.4 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)76
Total assets$318,927
Cash and due from depository institutions$18,016
Interest-bearing balances$13,081
Securities$103,143
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$174,068
Loan loss allowance $2,456
Trading account assets$0
Bank premises and fixed assets$3,377
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$20,323
Life insurance assets$318,927
Total liabilities and capital$281,520
Total liabilities$225,903
Total deposits$189,194
Interest-bearing deposits$225,903
Deposits held in domestic offices$87
% insured (estimated)4079.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$47,514
Other borrowed funds $0
Subordinated debt $4,024
All other liabilities $37,407
Total equity capital$37,407
Total bank equity capital$37,407
Perpetual preferred stock$0
Common stock$0
Surplus$1
Undivided profits $37,406
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,890
Earning assets $0
Long-term assets (5+ years) $1,130
Average Assets, year-to-date $290,292
Average Assets, quarterly $195,853
Volatile liabilities $315,389
Insider loans $322,424
FHLB advances $166,961
Loans and leases held for sale $317,295
Unused loan commitments $10,109
Tier 1 (core) risk-based capital $6,393
Tier 2 risk-based capital $34,003
Total risk weighted assets $0
Total unused commitments $3,716
Restructured Loans and leases $27,255
Derivatives$448
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $12,296
Total interest expense $3,387
Net interest income $8,909
Provision for loan and lease losses $538
Total noninterest income $2,065
Fiduciary activities $0
Service charges on deposit accounts $516
Trading account gains & fees $0
Additional noninterest income $1,549
Total noninterest expense $8,941
Salaries and employee benefits $4,942
Premises and equipment expense $1,520
Additional noninterest expense $2,479
Pre-tax net operating income $1,495
Securities gains (losses) $16
Applicable income taxes $295
Income before extraordinary items $1,216
Extraordinary gains - net $0
Net income attributable to bank $1,216
Net charge-offs $0
Cash dividends $1,216
Sale, conversion, retirement of capital stock, net $9
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.29%
Cost of funding earning assets 1.18%
Net interest margin 3.11%
Noninterest income to earning assets 0.72%
Noninterest expense to earning assets 3.12%
Net operating income to assets 0.38%
Return on assets (ROA) 0.39%
Pretax return on assets 0.48%
Return on equity (ROE) 3.34%
Retained earnings to average equity (YTD only) 3.34%
Net charge-offs to loans 0.01%
Credit loss provision to net charge-offs 5977.78%
Efficiency ratio225.89%
Assets per employee$81,474
Cash dividends to net income (YTD only)4.20%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.39%
Noncurrent assets plus other real estate owned to assets 84.98%
Noncurrent loans to loans 0.91%
Net loans and leases to deposits1.64%
Net loans and leases to core deposits 77.05%
Equity capital to assets 82.12%
Core capital (leverage) ratio 11.73%
Tier 1 risk-based capital ratio 10.72%
Total risk-based capital ratio 20.37%
Memoranda
Average assets$22
Average earning assets$315,389
Average equity $36,424
Average loans $286,389
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7 Connecticut Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
012146Northwest Community Bank86 Main Street, Winsted, CT 6098July 15, 1875Full Service Brick and Mortar
1244387Avon Branch101 Simsbury Road, Avon, CT 6001July 11, 1964Full Service Brick and Mortar
2244388New Hartford Branch141b Main Street, New Hartford, CT 6057June 06, 1970Full Service Brick and Mortar
7244392Granby Branch33 Hartford Avenue, Granby, CT 6035December 05, 1970Full Service Brick and Mortar
8244393East Granby Branch8 School Street, East Granby, CT 6026September 15, 1973Full Service Brick and Mortar
9244394Torrington Branch249 Winsted Road, Plaza Park North, Torrington, CT 6790November 21, 1988Full Service Brick and Mortar
10453125Regional #7 Branch100 Battistoni Road, Winsted, CT 6098April 26, 2006Full Service Retail
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