Southington Savings Bank in Southington, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 31, 2002

  • Southington Savings Bank in Southington, Connecticut (CT)
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Southington Savings Bank - Overview

  • General
  • FDIC Certificate #: 18226
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: TD Bank, National Association (#18409)
    Federal Reserve ID: 390505
    Date Established: January 01, 1860
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 8 (Interstate: No)
    OTS Docket #: 6727
    FDIC's unique #: 12143
    Numeric code: 41
    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: July 01, 1960
    Last Structure Change Effective Date: August 31, 2002
    Last Structure Change Process Date: October 16, 2002
    Last Data Update: October 16, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 121 Main Street, Southington, CT 6489
    County: Hartford
    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): Hartford, CT (#3280)
    Combined Statistical Area (CSA): Hartford-West Hartford-Willimantic, CT (#278)
    Core Based Statistical Area (CBSA): Hartford-West Hartford-East Hartford, CT (#25540)
    CBSA Metro Statistical Area: Hartford-West Hartford-East Hartford, CT (#25540)
  • Financial Summary
  • Total assets: $670.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)

  • Dollar figures in thousands
  • 130Total employees (full-time equivalent)
  • $662,602Total assets
  • $15,906Cash and due from depository institutions
  • $7Interest-bearing balances
  • $288,772Securities
  • $3,575Federal funds sold & reverse repurchase agreements
  • $335,243Net loans & leases
  • $5,628Loan loss allowance
  • $0Trading account assets
  • $3,581Bank premises and fixed assets
  • $30Other real estate owned
  • $290Goodwill and other intangibles
  • $0Life insurance assets
  • $15,205All other assets
  • $662,602Total liabilities and capital
  • $607,209Total liabilities
  • $416,973Total deposits
  • $368,458Interest-bearing deposits
  • $416,973Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $68,973Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $94,800Other borrowed funds
  • $0Subordinated debt
  • $26,463All other liabilities
  • $55,393Total equity capital
  • $55,393Total bank equity capital
  • $55,393Perpetual preferred stock
  • $0Common stock
  • $2,246Surplus
  • $24,791Undivided profits
  • Memoranda
  • $28,356Noncurrent loans and leases
  • $62,647Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $367Earning assets
  • $0Long-term assets (5+ years)
  • $3,882Average Assets, year-to-date
  • $627,597Average Assets, quarterly
  • $286,604Volatile liabilities
  • $627,550Insider loans
  • $637,002FHLB advances
  • $125,924Loans and leases held for sale
  • $3,942Unused loan commitments
  • $94,800Tier 1 (core) risk-based capital
  • $4,951Tier 2 risk-based capital
  • $2,790Total risk weighted assets
  • $62,647Total unused commitments
  • $464Restructured Loans and leases
  • $5,511Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $43,045Total interest income
  • $21,806Total interest expense
  • $21,239Net interest income
  • $46Provision for loan and lease losses
  • $3,617Total noninterest income
  • $0Fiduciary activities
  • $1,001Service charges on deposit accounts
  • $176Trading account gains & fees
  • $2,440Additional noninterest income
  • $12,337Total noninterest expense
  • $7,031Salaries and employee benefits
  • $1,807Premises and equipment expense
  • $3,499Additional noninterest expense
  • $12,473Pre-tax net operating income
  • $530Securities gains (losses)
  • $3,906Applicable income taxes
  • $9,097Income before extraordinary items
  • $0Extraordinary gains - net
  • $9,097Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $100Sale, conversion, retirement of capital stock, net
  • $3,998Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.27%Yield on earning assets
  • 3.69%Cost of funding earning assets
  • 3.59%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 2.09%Noninterest expense to earning assets
  • 1.39%Net operating income to assets
  • 1.45%Return on assets (ROA)
  • 2.07%Pretax return on assets
  • 17.04%Return on equity (ROE)
  • 9.55%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 46.00%Credit loss provision to net charge-offs
  • 125.19%Efficiency ratio
  • 49,634Assets per employee
  • 5.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.95%Loss allowance to loans
  • 1.65%Loss allowance to noncurrent loans
  • 1533.51%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.11%Net loans and leases to deposits
  • 80.40%Net loans and leases to core deposits
  • 89.63%Equity capital to assets
  • 8.36%Core capital (leverage) ratio
  • 9.35%Tier 1 risk-based capital ratio
  • 13.22%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $627,550Average earning assets
  • $53,375Average equity
  • $591,694Average loans

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