Shawmut Bank NH in Manchester, New Hampshire (NH)



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Shawmut Bank NH
GeneralFDIC Certificate #: 33509
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Fleet Bank-NH (#19821)
Federal Reserve ID: 1897579
Date Established: October 10, 1991
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 38 (Interstate: No)
OTS Docket #: 352
FDIC's unique #: 47257
Numeric code: 42
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
FDIC Insured: Yes
Insured Savings Institution: Yes
State Chartered: Yes
Date of Deposit Insurance: October 10, 1991
Last Structure Change Effective Date: December 30, 1995
Last Structure Change Process Date: Febuary 07, 1996
Last Data Update: Febuary 07, 1996
Data Source Date: April 05, 2012
LocationAddress: 1155 Elm Street, Manchester, NH 3101
County: Hillsborough
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): Manchester, NH (#4760)
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): Manchester-Nashua, NH (#31700)
CBSA Metro Statistical Area: Manchester-Nashua, NH (#31700)
Financial SummaryTotal assets: $1,343.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$474
Cash and due from depository institutions$1,779,460
Interest-bearing balances$54,252
Securities$5
Federal funds sold & reverse repurchase agreements$588,990
Net loans & leases$342,500
Loan loss allowance $757,036
Trading account assets$16,936
Bank premises and fixed assets$0
Other real estate owned$4,463
Goodwill and other intangibles$1,211
All other assets$0
Life insurance assets$31,008
Total liabilities and capital$0
Total liabilities$1,779,460
Total deposits$1,681,359
Interest-bearing deposits$1,412,544
Deposits held in domestic offices$1,322,776
% insured (estimated)1412544.00%
Federal funds purchased & repurchase agreements $97
Trading liabilities$236,879
Other borrowed funds $0
Subordinated debt $9,995
All other liabilities $0
Total equity capital$21,941
Total bank equity capital$21,941
Perpetual preferred stock$98,101
Common stock$0
Surplus$10
Undivided profits $54,444
Memoranda
Noncurrent loans and leases $43,647
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $6,231
Earning assets $5,110
Long-term assets (5+ years) $1,688,531
Average Assets, year-to-date $49,438
Average Assets, quarterly $1,700,946
Volatile liabilities $1,700,108
Insider loans $292,745
FHLB advances $3
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $57,968
Tier 2 risk-based capital $0
Total risk weighted assets $98,101
Total unused commitments $714,078
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1994)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $120,100
Net interest income $51,026
Provision for loan and lease losses $69,074
Total noninterest income $12,800
Fiduciary activities $9,666
Service charges on deposit accounts $0
Trading account gains & fees $4,532
Additional noninterest income -$9
Total noninterest expense $5,143
Salaries and employee benefits $56,961
Premises and equipment expense $17,202
Additional noninterest expense $6,454
Pre-tax net operating income $33,305
Securities gains (losses) $8,979
Applicable income taxes -$3,965
Income before extraordinary items $1,223
Extraordinary gains - net $3,791
Net income attributable to bank $0
Net charge-offs $3,791
Cash dividends $6,948
Sale, conversion, retirement of capital stock, net $0
Net operating income -$18,329
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Performance and Condition Ratios (December 31, 1994)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.43%
Net interest margin 3.16%
Noninterest income to earning assets 4.27%
Noninterest expense to earning assets 0.60%
Net operating income to assets 3.52%
Return on assets (ROA) 0.40%
Pretax return on assets 0.22%
Return on equity (ROE) 0.29%
Retained earnings to average equity (YTD only) 3.92%
Net charge-offs to loans 3.92%
Credit loss provision to net charge-offs 0.82%
Efficiency ratio184.23%
Assets per employee$72,341
Cash dividends to net income (YTD only)3.75%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.19%
Noncurrent assets plus other real estate owned to assets 271.80%
Noncurrent loans to loans 0.42%
Net loans and leases to deposits0.81%
Net loans and leases to core deposits 53.59%
Equity capital to assets 55.56%
Core capital (leverage) ratio 5.51%
Tier 1 risk-based capital ratio 5.67%
Total risk-based capital ratio 13.74%
Memoranda
Average assets$15
Average earning assets$1,700,946
Average equity $96,748
Average loans $1,616,490
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