Rivergreen Bank in Kennebunk, Maine (ME)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 20, 2008

  • Rivergreen Bank in Kennebunk, Maine (ME)
  • Show street view No street view available for this location

Rivergreen Bank - Overview

  • General
  • FDIC Certificate #: 57467
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Bank of Maine (#19686)
    Federal Reserve ID: 3177127
    Date Established: March 13, 2003
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 363925
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: March 13, 2003
    Last Structure Change Effective Date: September 20, 2008
    Last Structure Change Process Date: September 26, 2008
    Last Data Update: September 26, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 36 Portland Road, Kennebunk, ME 4043
    County: York
    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
    Combined Statistical Area (CSA): Portland-Lewiston-South Portland, ME (#438)
    Core Based Statistical Area (CBSA): Portland-South Portland-Biddeford, ME (#38860)
    CBSA Metro Statistical Area: Portland-South Portland-Biddeford, ME (#38860)
  • Financial Summary
  • Total assets: $97.9 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, 2007)

  • Dollar figures in thousands
  • 46Total employees (full-time equivalent)
  • $107,571Total assets
  • $4,197Cash and due from depository institutions
  • $842Interest-bearing balances
  • $5,691Securities
  • $4,906Federal funds sold & reverse repurchase agreements
  • $87,312Net loans & leases
  • $974Loan loss allowance
  • $0Trading account assets
  • $4,401Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,064All other assets
  • $107,571Total liabilities and capital
  • $101,536Total liabilities
  • $99,180Total deposits
  • $90,476Interest-bearing deposits
  • $99,180Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $468Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,500Other borrowed funds
  • $0Subordinated debt
  • $388All other liabilities
  • $6,035Total equity capital
  • $6,035Total bank equity capital
  • $6,035Perpetual preferred stock
  • $0Common stock
  • $8Surplus
  • $8,562Undivided profits
  • Memoranda
  • $-2,535Noncurrent loans and leases
  • $19,060Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $544Earning assets
  • $35Long-term assets (5+ years)
  • $387Average Assets, year-to-date
  • $98,751Average Assets, quarterly
  • $18,539Volatile liabilities
  • $107,026Insider loans
  • $109,420FHLB advances
  • $22,602Loans and leases held for sale
  • $3,136Unused loan commitments
  • $1,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $19,060Total unused commitments
  • $0Restructured Loans and leases
  • $1,049Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $7,888Total interest income
  • $4,270Total interest expense
  • $3,618Net interest income
  • $293Provision for loan and lease losses
  • $276Total noninterest income
  • $0Fiduciary activities
  • $119Service charges on deposit accounts
  • $0Trading account gains & fees
  • $157Additional noninterest income
  • $4,830Total noninterest expense
  • $2,722Salaries and employee benefits
  • $650Premises and equipment expense
  • $1,458Additional noninterest expense
  • -$1,229Pre-tax net operating income
  • $0Securities gains (losses)
  • $525Applicable income taxes
  • -$1,754Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,754Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $112Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.98%Yield on earning assets
  • 4.32%Cost of funding earning assets
  • 3.66%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 4.89%Noninterest expense to earning assets
  • -1.64%Net operating income to assets
  • -1.64%Return on assets (ROA)
  • -1.15%Pretax return on assets
  • -25.60%Return on equity (ROE)
  • -25.60%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 261.61%Credit loss provision to net charge-offs
  • -8.36%Efficiency ratio
  • 124,037Assets per employee
  • 2.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.10%Loss allowance to noncurrent loans
  • 179.04%Noncurrent assets plus other real estate owned to assets
  • 0.51%Noncurrent loans to loans
  • 0.62%Net loans and leases to deposits
  • 88.03%Net loans and leases to core deposits
  • 113.32%Equity capital to assets
  • 5.61%Core capital (leverage) ratio
  • 5.46%Tier 1 risk-based capital ratio
  • 6.66%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $107,026Average earning assets
  • $6,851Average equity
  • $98,824Average loans

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