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

This bank is inactive as of January 23, 1999

  • Stamford Federal Savings Bank in Stamford, Connecticut (CT)
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Stamford Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 33858
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: La Jolla Bank, FSB (#32423)
    Federal Reserve ID: 2128092
    Date Established: November 22, 1993
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 11481
    FDIC's unique #: 48166
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: November 22, 1993
    Last Structure Change Effective Date: January 23, 1999
    Last Structure Change Process Date: March 18, 1999
    Last Data Update: March 18, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 999 Bedford Street, Stamford, CT 6905
    County: Fairfield
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: San Francisco
    FDIC Field Office: Hartford
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Stamford-Norwalk, CT (#8040)
    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: $108.2 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 24Total employees (full-time equivalent)
  • $108,239Total assets
  • $4,956Cash and due from depository institutions
  • $4,421Interest-bearing balances
  • $598Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $100,388Net loans & leases
  • $745Loan loss allowance
  • $0Trading account assets
  • $276Bank premises and fixed assets
  • $32Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,989All other assets
  • $108,239Total liabilities and capital
  • $100,309Total liabilities
  • $87,504Total deposits
  • $85,742Interest-bearing deposits
  • $87,504Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $12,417Other borrowed funds
  • $0Subordinated debt
  • $388All other liabilities
  • $7,930Total equity capital
  • $7,930Total bank equity capital
  • $7,930Perpetual preferred stock
  • $0Common stock
  • $4,695Surplus
  • $1,518Undivided profits
  • Memoranda
  • $1,717Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $224Earning assets
  • $0Long-term assets (5+ years)
  • $654Average Assets, year-to-date
  • $105,407Average Assets, quarterly
  • $0Volatile liabilities
  • $99,024Insider loans
  • $107,928FHLB advances
  • $23,374Loans and leases held for sale
  • $90Unused loan commitments
  • $12,417Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $26,954Total unused commitments
  • $0Restructured Loans and leases
  • $81,587Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $8,545Total interest income
  • $4,981Total interest expense
  • $3,564Net interest income
  • $282Provision for loan and lease losses
  • $371Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $371Additional noninterest income
  • $2,296Total noninterest expense
  • $1,386Salaries and employee benefits
  • $487Premises and equipment expense
  • $423Additional noninterest expense
  • $1,357Pre-tax net operating income
  • $39Securities gains (losses)
  • $622Applicable income taxes
  • $774Income before extraordinary items
  • $0Extraordinary gains - net
  • $774Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$27Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.88%Yield on earning assets
  • 5.18%Cost of funding earning assets
  • 3.70%Net interest margin
  • 0.39%Noninterest income to earning assets
  • 2.39%Noninterest expense to earning assets
  • 0.76%Net operating income to assets
  • 0.78%Return on assets (ROA)
  • 1.41%Pretax return on assets
  • 10.60%Return on equity (ROE)
  • 10.60%Retained earnings to average equity (YTD only)
  • -0.03%Net charge-offs to loans
  • -1044.44%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 58,348Assets per employee
  • 4.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.74%Loss allowance to noncurrent loans
  • 332.59%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 0.22%Net loans and leases to deposits
  • 114.72%Net loans and leases to core deposits
  • 131.15%Equity capital to assets
  • 7.33%Core capital (leverage) ratio
  • 7.33%Tier 1 risk-based capital ratio
  • 9.72%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $99,024Average earning assets
  • $7,303Average equity
  • $96,204Average loans

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