Olde Port Bank and Trust in Portsmouth, New Hampshire (NH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 01, 1999

  • Olde Port Bank and Trust in Portsmouth, New Hampshire (NH)
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Olde Port Bank and Trust - Overview

  • General
  • FDIC Certificate #: 26817
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: Webster Bank, National Association (#18221)
    Federal Reserve ID: 407001
    Date Established: October 27, 1986
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 13254
    FDIC's unique #: 35997
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 27, 1986
    Last Structure Change Effective Date: December 01, 1999
    Last Structure Change Process Date: Febuary 01, 2000
    Last Data Update: Febuary 01, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 501 Islington Street, 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: $59.9 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 22Total employees (full-time equivalent)
  • $56,024Total assets
  • $5,049Cash and due from depository institutions
  • $717Interest-bearing balances
  • $11,999Securities
  • $1,094Federal funds sold & reverse repurchase agreements
  • $35,360Net loans & leases
  • $681Loan loss allowance
  • $0Trading account assets
  • $1,817Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $705All other assets
  • $56,024Total liabilities and capital
  • $50,793Total liabilities
  • $47,738Total deposits
  • $36,054Interest-bearing deposits
  • $47,738Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,284Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,669Other borrowed funds
  • $0Subordinated debt
  • $102All other liabilities
  • $5,231Total equity capital
  • $5,231Total bank equity capital
  • $5,231Perpetual preferred stock
  • $0Common stock
  • $5Surplus
  • $2,851Undivided profits
  • Memoranda
  • $2,375Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $25Earning assets
  • $0Long-term assets (5+ years)
  • $195Average Assets, year-to-date
  • $49,170Average Assets, quarterly
  • $7,547Volatile liabilities
  • $51,326Insider loans
  • $55,457FHLB advances
  • $7,511Loans and leases held for sale
  • $821Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,059Total unused commitments
  • $0Restructured Loans and leases
  • $41,314Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $4,052Total interest income
  • $1,731Total interest expense
  • $2,321Net interest income
  • $135Provision for loan and lease losses
  • $268Total noninterest income
  • $0Fiduciary activities
  • $175Service charges on deposit accounts
  • $0Trading account gains & fees
  • $93Additional noninterest income
  • $1,549Total noninterest expense
  • $785Salaries and employee benefits
  • $232Premises and equipment expense
  • $532Additional noninterest expense
  • $905Pre-tax net operating income
  • -$7Securities gains (losses)
  • $348Applicable income taxes
  • $550Income before extraordinary items
  • $0Extraordinary gains - net
  • $550Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $122Sale, conversion, retirement of capital stock, net
  • $67Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.71%Yield on earning assets
  • 3.72%Cost of funding earning assets
  • 4.99%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 3.33%Noninterest expense to earning assets
  • 1.08%Net operating income to assets
  • 1.07%Return on assets (ROA)
  • 1.75%Pretax return on assets
  • 11.05%Return on equity (ROE)
  • 9.70%Retained earnings to average equity (YTD only)
  • 0.37%Net charge-offs to loans
  • 110.66%Credit loss provision to net charge-offs
  • 8.52%Efficiency ratio
  • 59,830Assets per employee
  • 2.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 12.18%Loss allowance to loans
  • 1.89%Loss allowance to noncurrent loans
  • 2724.00%Noncurrent assets plus other real estate owned to assets
  • 0.04%Noncurrent loans to loans
  • 0.07%Net loans and leases to deposits
  • 74.07%Net loans and leases to core deposits
  • 83.63%Equity capital to assets
  • 9.34%Core capital (leverage) ratio
  • 9.44%Tier 1 risk-based capital ratio
  • 12.48%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $51,326Average earning assets
  • $4,977Average equity
  • $46,524Average loans

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