FDIC Certificate #: 57858 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:RBS Citizens, National Association (#57957) Federal Reserve ID: 3295928 Date Established: April 01, 2005 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 428175 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: April 01, 2005 Last Structure Change Effective Date: September 01, 2007 Last Structure Change Process Date: September 19, 2007 Last Data Update: September 19, 2007 Data Source Date: April 05, 2012
Location
Address: 1000 Lafayette Boulevard, Bridgeport, CT 6604 County: Fairfield 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): Bridgeport, CT (#1160) 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): Bridgeport-Stamford-Norwalk, CT (#14860) CBSA Metro Statistical Area: Bridgeport-Stamford-Norwalk, CT (#14860)
Financial Summary
Total assets: $513.5 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2006)
Dollar figures in thousands
595Total employees (full-time equivalent)
$508,402Total assets
$3,376Cash and due from depository institutions
$104Interest-bearing balances
$80,232Securities
$45,000Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$11,000Bank premises and fixed assets
$1,850Other real estate owned
$334,881Goodwill and other intangibles
$226Life insurance assets
$32,063All other assets
$508,402Total liabilities and capital
$124,125Total liabilities
$80,411Total deposits
$55,500Interest-bearing deposits
$80,411Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$43,714All other liabilities
$384,277Total equity capital
$384,277Total bank equity capital
$384,277Perpetual preferred stock
$0Common stock
$4Surplus
$373,996Undivided profits
Memoranda
$10,277Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$349Average Assets, year-to-date
$125,336Average Assets, quarterly
$36,778Volatile liabilities
$486,878Insider loans
$508,782FHLB advances
$55,500Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$6,133Total interest income
$2,636Total interest expense
$3,497Net interest income
$0Provision for loan and lease losses
$155,148Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$155,148Additional noninterest income
$148,505Total noninterest expense
$42,532Salaries and employee benefits
$8,872Premises and equipment expense
$97,101Additional noninterest expense
$10,140Pre-tax net operating income
$148Securities gains (losses)
$3,928Applicable income taxes
$6,360Income before extraordinary items
$0Extraordinary gains - net
$6,360Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.46%Yield on earning assets
2.78%Cost of funding earning assets
3.68%Net interest margin
163.47%Noninterest income to earning assets
156.47%Noninterest expense to earning assets
1.29%Net operating income to assets
1.31%Return on assets (ROA)
2.11%Pretax return on assets
1.67%Return on equity (ROE)
1.67%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
82,525Assets per employee
0.85%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%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
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
75.59%Core capital (leverage) ratio
44.20%Tier 1 risk-based capital ratio
64.97%Total risk-based capital ratio
Memoranda
$65Average assets
$486,878Average earning assets
$381,219Average equity
$94,912Average loans
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