The Bank of Bennington in Bennington, Vermont (VT)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • The Bank of Bennington in Bennington, Vermont (VT)
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The Bank of Bennington - Overview

  • General
  • FDIC Certificate #: 30350
    Status: Active
    Federal Reserve ID: 133579
    Date Established: January 01, 1917
    WWW: http://www.thebankofbennington.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 5214
    FDIC's unique #: 43184
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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: Mortgage Lending Specialization
    Date of Deposit Insurance: Febuary 18, 1955
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 155 North Street, Bennington, VT 5201
    County: Bennington
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Springfield Ma
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Core Based Statistical Area (CBSA): Bennington, VT (#13540)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $304.0 mil
    Equity capital: $30.6 mil
    Deposits held in domestic offices: $197.1 mil
    Return on assets (ROA): 1.19% ($3.6 mil)
    Quarterly return on assets: 2.60% ($7.9 mil)
    Return on Equity (ROE): 12.44% ($3.9 mil)
    Quarterly return on equity: 26.68% ($8.3 mil)
    Net income: $3.5 mil
    Quarterly Net income: $2.0 mil
    Pretax return on assets: 1.52% ($4,620.3 mil)
    Quarterly Pretax return on assets: 3.12% ($9,483.7 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, 2011)

  • Dollar figures in thousands
  • 56Total employees (full-time equivalent)
  • $303,964Total assets
  • $9,308Cash and due from depository institutions
  • $4,954Interest-bearing balances
  • $25,720Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $250,737Net loans & leases
  • $3,176Loan loss allowance
  • $0Trading account assets
  • $6,204Bank premises and fixed assets
  • $40Other real estate owned
  • $101Goodwill and other intangibles
  • $303,964Life insurance assets
  • $11,854All other assets
  • $273,373Total liabilities and capital
  • $197,053Total liabilities
  • $176,235Total deposits
  • $197,053Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $73,347Trading liabilities
  • $0Other borrowed funds
  • $2,973Subordinated debt
  • $30,591All other liabilities
  • $30,591Total equity capital
  • $30,591Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $0Surplus
  • $30,590Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,531Income earned, not collected on loans
  • $470Earning assets
  • $1,107Long-term assets (5+ years)
  • $281,411Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $297,256Volatile liabilities
  • $303,704Insider loans
  • $192,593FHLB advances
  • $303,954Loans and leases held for sale
  • $3,518Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $30,581Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,963Restructured Loans and leases
  • $2,166Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,976Total interest income
  • $4,271Total interest expense
  • $13,705Net interest income
  • $1,440Provision for loan and lease losses
  • $1,576Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,576Additional noninterest income
  • $9,315Total noninterest expense
  • $5,221Salaries and employee benefits
  • $1,617Premises and equipment expense
  • $2,477Additional noninterest expense
  • $4,526Pre-tax net operating income
  • $0Securities gains (losses)
  • $994Applicable income taxes
  • $3,532Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,532Net income attributable to bank
  • $0Net charge-offs
  • $3,532Cash dividends
  • $1,101Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.58%Yield on earning assets
  • 1.56%Cost of funding earning assets
  • 5.01%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 3.41%Noninterest expense to earning assets
  • 1.19%Net operating income to assets
  • 1.19%Return on assets (ROA)
  • 1.52%Pretax return on assets
  • 12.44%Return on equity (ROE)
  • 12.44%Retained earnings to average equity (YTD only)
  • 0.44%Net charge-offs to loans
  • 130.79%Credit loss provision to net charge-offs
  • 5.42%Efficiency ratio
  • 60,958Assets per employee
  • 5.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 207.45%Noncurrent assets plus other real estate owned to assets
  • 0.52%Noncurrent loans to loans
  • 0.60%Net loans and leases to deposits
  • 127.24%Net loans and leases to core deposits
  • 131.11%Equity capital to assets
  • 10.06%Core capital (leverage) ratio
  • 10.06%Tier 1 risk-based capital ratio
  • 15.88%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $297,256Average earning assets
  • $28,383Average equity
  • $273,355Average loans

List of branches

  • 4 Vermont Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    043184The Bank Of Bennington155 North Street, Bennington, VT 5201January 01, 1917Full Service Brick and Mortar
    101464488Manchester Center Branch78 Center Hill Road, Manchester Center, VT 5255July 01, 2005Full Service Brick and Mortar
    102492422Arlington Branch3198 Route 7a, Arlington, VT 5250June 30, 2008Full Service Brick and Mortar
    103521954Phyllis Lane Branch32 Phyllis Lane, Bennington, VT 5201March 21, 2011Full Service Retail

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