Nuvo Bank & Trust Company in Springfield, Massachusetts (MA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Nuvo Bank & Trust Company in Springfield, Massachusetts (MA)
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Nuvo Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 58621
    Status: Active
    Federal Reserve ID: 3733411
    Date Established: April 25, 2008
    WWW: http://www.nuvobank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 458850
    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 25, 2008
    Last Structure Change Effective Date: March 13, 2012
    Last Structure Change Process Date: March 13, 2012
    Last Data Update: March 13, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 1500 Main Street, Springfield, MA 1115
    County: Hampden
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Springfield Ma
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Springfield, MA (#8000)
    Core Based Statistical Area (CBSA): Springfield, MA (#44140)
    CBSA Metro Statistical Area: Springfield, MA (#44140)
  • Financial Summary
  • Total assets: $87.8 mil
    Equity capital: $7.8 mil
    Deposits held in domestic offices: $77.6 mil
    Return on assets (ROA): 0.52% ($0.5 mil)
    Quarterly return on assets: 1.66% ($1.5 mil)
    Return on Equity (ROE): 5.59% ($0.4 mil)
    Quarterly return on equity: 18.32% ($1.5 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.26% ($228.3 mil)
    Quarterly Pretax return on assets: 0.66% ($579.5 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
  • 13Total employees (full-time equivalent)
  • $87,807Total assets
  • $4,606Cash and due from depository institutions
  • $590Interest-bearing balances
  • $3,794Securities
  • $2,589Federal funds sold & reverse repurchase agreements
  • $75,172Net loans & leases
  • $955Loan loss allowance
  • $0Trading account assets
  • $782Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $87,807Life insurance assets
  • $864All other assets
  • $80,011Total liabilities and capital
  • $77,628Total liabilities
  • $64,713Total deposits
  • $77,628Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $383Subordinated debt
  • $7,796All other liabilities
  • $7,796Total equity capital
  • $7,796Total bank equity capital
  • $0Perpetual preferred stock
  • $18Common stock
  • $14,885Surplus
  • $-7,107Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $309Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $611Income earned, not collected on loans
  • $0Earning assets
  • $204Long-term assets (5+ years)
  • $82,145Average Assets, year-to-date
  • $24,422Average Assets, quarterly
  • $75,808Volatile liabilities
  • $83,907Insider loans
  • $66,857FHLB advances
  • $82,113Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,767Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,228Restructured Loans and leases
  • $1,138Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,503Total interest income
  • $820Total interest expense
  • $2,683Net interest income
  • $300Provision for loan and lease losses
  • $218Total noninterest income
  • $0Fiduciary activities
  • $138Service charges on deposit accounts
  • $0Trading account gains & fees
  • $80Additional noninterest income
  • $2,427Total noninterest expense
  • $1,156Salaries and employee benefits
  • $374Premises and equipment expense
  • $897Additional noninterest expense
  • $174Pre-tax net operating income
  • $23Securities gains (losses)
  • -$196Applicable income taxes
  • $393Income before extraordinary items
  • $0Extraordinary gains - net
  • $393Net income attributable to bank
  • $0Net charge-offs
  • $393Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.83%Yield on earning assets
  • 1.13%Cost of funding earning assets
  • 3.70%Net interest margin
  • 0.30%Noninterest income to earning assets
  • 3.35%Noninterest expense to earning assets
  • 0.49%Net operating income to assets
  • 0.52%Return on assets (ROA)
  • 0.26%Pretax return on assets
  • 5.59%Return on equity (ROE)
  • 5.59%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 83,661Assets per employee
  • 6.75%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 156.30%Noncurrent assets plus other real estate owned to assets
  • 0.70%Noncurrent loans to loans
  • 0.80%Net loans and leases to deposits
  • 96.84%Net loans and leases to core deposits
  • 131.44%Equity capital to assets
  • 8.88%Core capital (leverage) ratio
  • 9.46%Tier 1 risk-based capital ratio
  • 11.62%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $75,808Average earning assets
  • $7,033Average equity
  • $72,520Average loans

List of branches

  • 1 Massachusetts Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0458850Nuvo Bank & Trust Company1500 Main Street, Springfield, MA 1115April 25, 2008Full Service Brick and Mortar

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