Shoreline Bank and Trust Company in Madison, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 17, 1994

  • Shoreline Bank and Trust Company in Madison, Connecticut (CT)
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Shoreline Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 26671
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Federal Bank, a federal savings bank (#29574)
    Federal Reserve ID: 333007
    Date Established: May 19, 1986
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 35685
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 19, 1986
    Last Structure Change Effective Date: December 17, 1994
    Last Structure Change Process Date: Febuary 02, 1995
    Last Data Update: Febuary 02, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: Durham Road (Route 79), Madison, CT 6443
    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)
  • Financial Summary
  • Total assets: $50.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $23Total assets
  • $52,215Cash and due from depository institutions
  • $2,707Interest-bearing balances
  • $96Securities
  • $3,308Federal funds sold & reverse repurchase agreements
  • $6,439Net loans & leases
  • $37,906Loan loss allowance
  • $1,407Trading account assets
  • $0Bank premises and fixed assets
  • $136Other real estate owned
  • $1,202Goodwill and other intangibles
  • $517Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $52,215Total liabilities
  • $48,936Total deposits
  • $48,830Interest-bearing deposits
  • $44,031Deposits held in domestic offices
  • 48830.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $106Total equity capital
  • $106Total bank equity capital
  • $3,279Perpetual preferred stock
  • $0Common stock
  • $2,665Surplus
  • $2,203Undivided profits
  • Memoranda
  • $-1,589Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,464Income earned, not collected on loans
  • $194Earning assets
  • $47,749Long-term assets (5+ years)
  • $5,092Average Assets, year-to-date
  • $51,616Average Assets, quarterly
  • $51,873Volatile liabilities
  • $2,186Insider loans
  • $2,575FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $5,946Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,279Total risk weighted assets
  • $41,195Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,461Total interest expense
  • $1,566Net interest income
  • $1,895Provision for loan and lease losses
  • $448Total noninterest income
  • $312Fiduciary activities
  • $0Service charges on deposit accounts
  • $212Trading account gains & fees
  • $0Additional noninterest income
  • $100Total noninterest expense
  • $1,944Salaries and employee benefits
  • $706Premises and equipment expense
  • $248Additional noninterest expense
  • $990Pre-tax net operating income
  • -$185Securities gains (losses)
  • $0Applicable income taxes
  • $3Income before extraordinary items
  • -$188Extraordinary gains - net
  • $0Net income attributable to bank
  • -$188Net charge-offs
  • $441Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.49%Cost of funding earning assets
  • 3.39%Net interest margin
  • 4.10%Noninterest income to earning assets
  • 0.68%Noninterest expense to earning assets
  • 4.21%Net operating income to assets
  • -0.36%Return on assets (ROA)
  • -0.36%Pretax return on assets
  • -0.36%Return on equity (ROE)
  • -5.51%Retained earnings to average equity (YTD only)
  • -5.51%Net charge-offs to loans
  • 1.10%Credit loss provision to net charge-offs
  • 101.59%Efficiency ratio
  • 88,083Assets per employee
  • 2.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.58%Loss allowance to noncurrent loans
  • 96.11%Noncurrent assets plus other real estate owned to assets
  • 5.11%Noncurrent loans to loans
  • 3.72%Net loans and leases to deposits
  • 77.63%Net loans and leases to core deposits
  • 81.27%Equity capital to assets
  • 6.28%Core capital (leverage) ratio
  • 6.36%Tier 1 risk-based capital ratio
  • 7.96%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $51,616Average earning assets
  • $3,413Average equity
  • $46,200Average loans

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