Northwest Community Bank in Winsted, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

Northwest Community Bank - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 76Total employees (full-time equivalent)
  • $318,927Total assets
  • $18,016Cash and due from depository institutions
  • $13,081Interest-bearing balances
  • $103,143Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $174,068Net loans & leases
  • $2,456Loan loss allowance
  • $0Trading account assets
  • $3,377Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $318,927Life insurance assets
  • $20,323All other assets
  • $281,520Total liabilities and capital
  • $225,903Total liabilities
  • $189,194Total deposits
  • $225,903Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 4079.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $47,514Trading liabilities
  • $0Other borrowed funds
  • $4,024Subordinated debt
  • $37,407All other liabilities
  • $37,407Total equity capital
  • $37,407Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $37,406Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,890Income earned, not collected on loans
  • $0Earning assets
  • $1,130Long-term assets (5+ years)
  • $290,292Average Assets, year-to-date
  • $195,853Average Assets, quarterly
  • $315,389Volatile liabilities
  • $322,424Insider loans
  • $166,961FHLB advances
  • $317,295Loans and leases held for sale
  • $10,109Unused loan commitments
  • $6,393Tier 1 (core) risk-based capital
  • $34,003Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,716Total unused commitments
  • $27,255Restructured Loans and leases
  • $448Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,296Total interest income
  • $3,387Total interest expense
  • $8,909Net interest income
  • $538Provision for loan and lease losses
  • $2,065Total noninterest income
  • $0Fiduciary activities
  • $516Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,549Additional noninterest income
  • $8,941Total noninterest expense
  • $4,942Salaries and employee benefits
  • $1,520Premises and equipment expense
  • $2,479Additional noninterest expense
  • $1,495Pre-tax net operating income
  • $16Securities gains (losses)
  • $295Applicable income taxes
  • $1,216Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,216Net income attributable to bank
  • $0Net charge-offs
  • $1,216Cash dividends
  • $9Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.29%Yield on earning assets
  • 1.18%Cost of funding earning assets
  • 3.11%Net interest margin
  • 0.72%Noninterest income to earning assets
  • 3.12%Noninterest expense to earning assets
  • 0.38%Net operating income to assets
  • 0.39%Return on assets (ROA)
  • 0.48%Pretax return on assets
  • 3.34%Return on equity (ROE)
  • 3.34%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 5977.78%Credit loss provision to net charge-offs
  • 225.89%Efficiency ratio
  • 81,474Assets per employee
  • 4.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 84.98%Noncurrent assets plus other real estate owned to assets
  • 0.91%Noncurrent loans to loans
  • 1.64%Net loans and leases to deposits
  • 77.05%Net loans and leases to core deposits
  • 82.12%Equity capital to assets
  • 11.73%Core capital (leverage) ratio
  • 10.72%Tier 1 risk-based capital ratio
  • 20.37%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $315,389Average earning assets
  • $36,424Average equity
  • $286,389Average loans

List of branches

  • 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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