Putnam Bank in Putnam, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Putnam Bank in Putnam, Connecticut (CT)
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Putnam Bank - Overview

  • General
  • FDIC Certificate #: 18240
    Status: Active
    Federal Reserve ID: 223005
    Date Established: July 12, 1862
    WWW: http://www.putnambank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 17984
    FDIC's unique #: 12156
    Numeric code: 33
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: July 01, 1960
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 40 Main Street, Putnam, CT 6260
    County: Windham
    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): Hartford-West Hartford-Willimantic, CT (#278)
    Core Based Statistical Area (CBSA): Willimantic, CT (#48740)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $468.1 mil
    Equity capital: $41.6 mil
    Deposits held in domestic offices: $336.7 mil
    Return on assets (ROA): 0.30% ($1.4 mil)
    Quarterly return on assets: 0.03% ($0.1 mil)
    Return on Equity (ROE): 3.35% ($1.4 mil)
    Quarterly return on equity: 0.34% ($0.1 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.41% ($1,919.2 mil)
    Quarterly Pretax return on assets: 0.01% ($46.8 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
  • 103Total employees (full-time equivalent)
  • $468,104Total assets
  • $15,451Cash and due from depository institutions
  • $11,374Interest-bearing balances
  • $158,291Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $255,170Net loans & leases
  • $3,075Loan loss allowance
  • $0Trading account assets
  • $4,674Bank premises and fixed assets
  • $2,153Other real estate owned
  • $7,222Goodwill and other intangibles
  • $468,104Life insurance assets
  • $25,143All other assets
  • $426,546Total liabilities and capital
  • $336,677Total liabilities
  • $295,072Total deposits
  • $336,677Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 3929.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $83,425Trading liabilities
  • $0Other borrowed funds
  • $2,515Subordinated debt
  • $41,558All other liabilities
  • $41,558Total equity capital
  • $41,558Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $18,923Surplus
  • $22,634Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,395Income earned, not collected on loans
  • $0Earning assets
  • $1,277Long-term assets (5+ years)
  • $424,835Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $472,311Volatile liabilities
  • $468,327Insider loans
  • $238,765FHLB advances
  • $466,312Loans and leases held for sale
  • $8,595Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $36,720Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,240Restructured Loans and leases
  • $105Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,758Total interest income
  • $7,778Total interest expense
  • $10,980Net interest income
  • $1,045Provision for loan and lease losses
  • $4,458Total noninterest income
  • $0Fiduciary activities
  • $209Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,249Additional noninterest income
  • $11,130Total noninterest expense
  • $6,080Salaries and employee benefits
  • $2,388Premises and equipment expense
  • $2,662Additional noninterest expense
  • $3,263Pre-tax net operating income
  • -$1,311Securities gains (losses)
  • $543Applicable income taxes
  • $1,409Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,409Net income attributable to bank
  • $0Net charge-offs
  • $1,409Cash dividends
  • $553Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.36%Yield on earning assets
  • 1.81%Cost of funding earning assets
  • 2.55%Net interest margin
  • 1.04%Noninterest income to earning assets
  • 2.59%Noninterest expense to earning assets
  • 0.50%Net operating income to assets
  • 0.30%Return on assets (ROA)
  • 0.41%Pretax return on assets
  • 3.35%Return on equity (ROE)
  • 3.35%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 188.97%Credit loss provision to net charge-offs
  • 7.79%Efficiency ratio
  • 71,117Assets per employee
  • 4.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.19%Loss allowance to noncurrent loans
  • 41.58%Noncurrent assets plus other real estate owned to assets
  • 2.04%Noncurrent loans to loans
  • 2.86%Net loans and leases to deposits
  • 75.79%Net loans and leases to core deposits
  • 81.92%Equity capital to assets
  • 8.88%Core capital (leverage) ratio
  • 8.16%Tier 1 risk-based capital ratio
  • 15.38%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $472,311Average earning assets
  • $42,099Average equity
  • $429,912Average loans

List of branches

  • 8 Connecticut Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012156Putnam Bank40 Main Street, Putnam, CT 6260July 12, 1862Full Service Brick and Mortar
    1244438Pomfret Branch100 Averill Road, Pomfret Center, CT 6259May 06, 1981Full Service Brick and Mortar
    2244439Danielson Branch125 Wauregan Road, Route 12, Danielson, CT 6239December 01, 1993Full Service Brick and Mortar
    4358822Plainfield Branch11 Pratt Road, Plainfield, CT 6374September 25, 2000Full Service Brick and Mortar
    7244507Griswold Branch461 Voluntown Road, Route 138, Griswold, CT 6351November 18, 1989Full Service Brick and Mortar
    8478850Branch 222 Chapman Lane, Gales Ferry, CT 6335August 14, 2006Full Service Brick and Mortar
    9495843Price Chopper Branch251 Kennedy Drive, Putnam, CT 6260August 15, 2006Full Service Retail
    10512627Norwich Branch40 High Street, Norwich, CT 6360September 02, 2009Full Service Brick and Mortar

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