Quinnipiac Bank & Trust Company in Hamden, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches


Quinnipiac Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 58785
    Status: Active
    Federal Reserve ID: 3715341
    Date Established: March 06, 2008
    WWW: http://www.quinnipiacbank.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 #: 468000
    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: March 06, 2008
    Last Structure Change Effective Date: March 17, 2008
    Last Structure Change Process Date: September 11, 2010
    Last Data Update: September 11, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 2600 Dixwell Avenue, Hamden, CT 6514
    County: New Haven
    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
    Metropolitan Statistical Area (MSA): New Haven-Meriden, CT (#5480)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New Haven-Milford, CT (#35300)
    CBSA Metro Statistical Area: New Haven-Milford, CT (#35300)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    Change in Location
  • Financial Summary
  • Total assets: $76.0 mil
    Equity capital: $9.0 mil
    Deposits held in domestic offices: $66.8 mil
    Return on assets (ROA): 2.69% ($2.0 mil)
    Quarterly return on assets: 9.61% ($7.3 mil)
    Return on Equity (ROE): 24.27% ($2.2 mil)
    Quarterly return on equity: 87.81% ($7.9 mil)
    Net income: $1.8 mil
    Quarterly Net income: $1.8 mil
    Pretax return on assets: 0.42% ($319.2 mil)
    Quarterly Pretax return on assets: 1.08% ($820.9 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
  • 18Total employees (full-time equivalent)
  • $76,007Total assets
  • $7,215Cash and due from depository institutions
  • $5,175Interest-bearing balances
  • $4,584Securities
  • $1,000Federal funds sold & reverse repurchase agreements
  • $60,171Net loans & leases
  • $771Loan loss allowance
  • $0Trading account assets
  • $1,038Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $76,007Life insurance assets
  • $1,999All other assets
  • $67,040Total liabilities and capital
  • $66,805Total liabilities
  • $57,612Total deposits
  • $66,805Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $235Subordinated debt
  • $8,967All other liabilities
  • $8,967Total equity capital
  • $8,967Total bank equity capital
  • $0Perpetual preferred stock
  • $12Common stock
  • $11,315Surplus
  • $-2,360Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $237Long-term assets (5+ years)
  • $70,930Average Assets, year-to-date
  • $4,880Average Assets, quarterly
  • $67,715Volatile liabilities
  • $73,852Insider loans
  • $59,556FHLB advances
  • $71,365Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,784Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,313Restructured Loans and leases
  • $1,227Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,420Total interest income
  • $507Total interest expense
  • $2,913Net interest income
  • $240Provision for loan and lease losses
  • $128Total noninterest income
  • $0Fiduciary activities
  • $74Service charges on deposit accounts
  • $0Trading account gains & fees
  • $54Additional noninterest income
  • $2,519Total noninterest expense
  • $1,377Salaries and employee benefits
  • $192Premises and equipment expense
  • $950Additional noninterest expense
  • $282Pre-tax net operating income
  • $0Securities gains (losses)
  • -$1,539Applicable income taxes
  • $1,821Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,821Net income attributable to bank
  • $0Net charge-offs
  • $1,821Cash dividends
  • $51Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.28%Yield on earning assets
  • 0.78%Cost of funding earning assets
  • 4.50%Net interest margin
  • 0.20%Noninterest income to earning assets
  • 3.89%Noninterest expense to earning assets
  • 2.69%Net operating income to assets
  • 2.69%Return on assets (ROA)
  • 0.42%Pretax return on assets
  • 24.27%Return on equity (ROE)
  • 24.27%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 470.59%Credit loss provision to net charge-offs
  • 10.24%Efficiency ratio
  • 82,835Assets per employee
  • 4.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.27%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 90.07%Net loans and leases to core deposits
  • 95.09%Equity capital to assets
  • 11.80%Core capital (leverage) ratio
  • 10.91%Tier 1 risk-based capital ratio
  • 13.07%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $67,715Average earning assets
  • $7,504Average equity
  • $64,731Average loans

List of branches

  • 1 Connecticut Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0468000Quinnipiac Bank & Trust Company2600 Dixwell Avenue, Hamden, CT 6514March 06, 2008Full Service Brick and Mortar

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