Talbots Classics National Bank in Lincoln, Rhode Island (RI)
Overview, Financial Summary, Detailed Financial Reports, Branches


Talbots Classics National Bank - Overview

  • General
  • FDIC Certificate #: 35485
    Status: Active
    Federal Reserve ID: 2922674
    Date Established: July 05, 2000
    WWW: http://www.talbots.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 80569
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: July 05, 2000
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 4 Blackstone Valley Place, Suite 1, Lincoln, RI 2865
    County: Providence
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: South Boston
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Providence-Fall River-Warwick, RI-MA (#6480)
    Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
    Core Based Statistical Area (CBSA): Providence-New Bedford-Fall River, RI-MA (#39300)
    CBSA Metro Statistical Area: Providence-New Bedford-Fall River, RI-MA (#39300)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $8.6 mil
    Equity capital: $2.6 mil
    Deposits held in domestic offices: $5.5 mil
    Return on assets (ROA): 0.79% ($0.1 mil)
    Quarterly return on assets: 5.53% ($0.5 mil)
    Return on Equity (ROE): 2.34% ($0.1 mil)
    Quarterly return on equity: 18.58% ($0.6 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.15% ($99.3 mil)
    Quarterly Pretax return on assets: 4.78% ($412.8 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, 2011)

  • Dollar figures in thousands
  • 6Total employees (full-time equivalent)
  • $8,637Total assets
  • $8,326Cash and due from depository institutions
  • $0Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $0Loan loss allowance
  • $0Trading account assets
  • $20Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $8,637Life insurance assets
  • $291All other assets
  • $6,037Total liabilities and capital
  • $5,500Total liabilities
  • $0Total deposits
  • $5,500Interest-bearing deposits
  • $5Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $537Subordinated debt
  • $2,600All other liabilities
  • $2,600Total equity capital
  • $2,600Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $1,800Surplus
  • $600Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $10,193Volatile liabilities
  • $8,534Insider loans
  • $1,976FHLB advances
  • $9,416Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $2,600Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,155,141Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • -$17Total interest income
  • $0Total interest expense
  • -$17Net interest income
  • $0Provision for loan and lease losses
  • $4,506Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,506Additional noninterest income
  • $4,372Total noninterest expense
  • $696Salaries and employee benefits
  • $172Premises and equipment expense
  • $3,504Additional noninterest expense
  • $117Pre-tax net operating income
  • $0Securities gains (losses)
  • $36Applicable income taxes
  • $81Income before extraordinary items
  • $0Extraordinary gains - net
  • $81Net income attributable to bank
  • $0Net charge-offs
  • $81Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $1,500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • -35.71%Yield on earning assets
  • 0.00%Cost of funding earning assets
  • -35.71%Net interest margin
  • 9466.39%Noninterest income to earning assets
  • 9184.87%Noninterest expense to earning assets
  • 0.79%Net operating income to assets
  • 0.79%Return on assets (ROA)
  • 1.15%Pretax return on assets
  • 2.34%Return on equity (ROE)
  • -41.04%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 97,394Assets per employee
  • 1.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 1851.85%Loss allowance to loans
  • 0.00%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 0.00%Net loans and leases to core deposits
  • 0.00%Equity capital to assets
  • 30.10%Core capital (leverage) ratio
  • 27.61%Tier 1 risk-based capital ratio
  • 131.58%Total risk-based capital ratio
  • Memoranda
  • $132Average assets
  • $10,193Average earning assets
  • $3,457Average equity
  • $48Average loans

List of branches

  • 1 Rhode Island Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    080569Talbots Classics National Bank4 Blackstone Valley Place, Suite 1, Lincoln, RI 2865July 05, 2000Full Service Brick and Mortar

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