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- Banks in New Hampshire (NH)
- Ocean Bank
Ocean Bank in Portsmouth, New Hampshire (NH)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of January 01, 2009
- Ocean Bank in Portsmouth, New Hampshire (NH)
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Ocean Bank - Overview
- General
- FDIC Certificate #: 4264
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: People's United Bank (#27334)
Federal Reserve ID: 252706
Date Established: May 25, 1854
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 18082
FDIC's unique #: 2797
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: January 01, 2009
Last Structure Change Process Date: Febuary 19, 2009
Last Data Update: Febuary 19, 2009
Data Source Date: April 05, 2012 - Location
- Address: 325 State St., Portsmouth, NH 3801
County: Rockingham
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
Metropolitan Statistical Area (MSA): Portsmouth-Rochester, NH-ME (#6450)
Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7)
Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
Core Based Statistical Area (CBSA): Boston-Cambridge-Quincy, MA-NH (#14460)
CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460)
Core Based Statistical Division: Rockingham County-Strafford County, NH (#40484) - Financial Summary
- Total assets: $2,208.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
- Dollar figures in thousands
- 358Total employees (full-time equivalent)
- $2,208,891Total assets
- $29,774Cash and due from depository institutions
- $61Interest-bearing balances
- $194,786Securities
- $50,160Federal funds sold & reverse repurchase agreements
- $1,342,490Net loans & leases
- $20,751Loan loss allowance
- $0Trading account assets
- $36,306Bank premises and fixed assets
- $2,744Other real estate owned
- $536,717Goodwill and other intangibles
- $1,635Life insurance assets
- $15,914All other assets
- $2,208,891Total liabilities and capital
- $1,510,310Total liabilities
- $1,447,144Total deposits
- $1,297,730Interest-bearing deposits
- $1,447,144Deposits held in domestic offices
- 0.00%% insured (estimated)
- $41,713Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $0Other borrowed funds
- $0Subordinated debt
- $21,453All other liabilities
- $698,581Total equity capital
- $698,581Total bank equity capital
- $698,581Perpetual preferred stock
- $0Common stock
- $0Surplus
- $684,264Undivided profits
- Memoranda
- $14,317Noncurrent loans and leases
- $285,410Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $24,882Earning assets
- $1,261Long-term assets (5+ years)
- $4,376Average Assets, year-to-date
- $1,587,497Average Assets, quarterly
- $0Volatile liabilities
- $2,209,179Insider loans
- $2,227,754FHLB advances
- $202,270Loans and leases held for sale
- $13,876Unused loan commitments
- $0Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $0Total risk weighted assets
- $285,410Total unused commitments
- $2,744Restructured Loans and leases
- $17,094Derivatives
Income and Expense (December 31, 2008)
- Dollar figures in thousands
- $95,220Total interest income
- $29,755Total interest expense
- $65,465Net interest income
- $5,164Provision for loan and lease losses
- $17,661Total noninterest income
- $0Fiduciary activities
- $0Service charges on deposit accounts
- $0Trading account gains & fees
- $17,661Additional noninterest income
- $57,971Total noninterest expense
- $22,442Salaries and employee benefits
- $7,039Premises and equipment expense
- $28,490Additional noninterest expense
- $19,991Pre-tax net operating income
- $1,477Securities gains (losses)
- $7,370Applicable income taxes
- $14,098Income before extraordinary items
- $0Extraordinary gains - net
- $14,098Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $3,376Sale, conversion, retirement of capital stock, net
- $0Net operating income
Performance and Condition Ratios (December 31, 2008)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 5.86%Yield on earning assets
- 1.83%Cost of funding earning assets
- 4.03%Net interest margin
- 1.09%Noninterest income to earning assets
- 3.57%Noninterest expense to earning assets
- 0.59%Net operating income to assets
- 0.64%Return on assets (ROA)
- 0.97%Pretax return on assets
- 2.20%Return on equity (ROE)
- 2.20%Retained earnings to average equity (YTD only)
- 0.24%Net charge-offs to loans
- 152.96%Credit loss provision to net charge-offs
- 7.45%Efficiency ratio
- 66,077Assets per employee
- 6.17%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 0.00%Loss allowance to loans
- 1.52%Loss allowance to noncurrent loans
- 83.40%Noncurrent assets plus other real estate owned to assets
- 1.25%Noncurrent loans to loans
- 1.83%Net loans and leases to deposits
- 92.77%Net loans and leases to core deposits
- 104.35%Equity capital to assets
- 31.63%Core capital (leverage) ratio
- 9.59%Tier 1 risk-based capital ratio
- 11.85%Total risk-based capital ratio
- Memoranda
- $13Average assets
- $2,209,179Average earning assets
- $639,402Average equity
- $1,624,996Average loans
Total Fiduciary and Related Assets (December 31, 2008)
- Dollar figures in thousands
- $1Total fiduciary and related assets
- 1Number of Fiduciary Accounts and Related Asset Accounts
- YesFiduciary powers granted
- YesFiduciary or related activity
- $80,759Managed Assets
- 1Number of Accounts
- $63,596Personal trust and agency accounts
- $878Employee benefit-defined contribution accounts
- $4,521Employee benefit-defined benefit accounts
- $0Other retirement accounts
- $15,217Corporate trust and agency accounts
- $0Investment management agency accounts
- $42,980Other fiduciary accounts
- $0Fiduciary accounts held in foreign offices
- $0Non-managed Assets
- 181Number of Accounts
- $0Personal trust and agency accounts
- $0Employee benefit-defined contribution accounts
- $0Employee benefit-defined benefit accounts
- $17,163Other retirement accounts
- $0Corporate trust and agency accounts
- $17,163Other fiduciary accounts
- $0Fiduciary accounts held in foreign offices
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- Banks in New Hampshire (NH)
- Ocean Bank
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