The Bank of Fairfield in Fairfield, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Bank of Fairfield - Overview

  • General
  • FDIC Certificate #: 58880
    Status: Active
    Federal Reserve ID: 3794300
    Bank Holding Company (Regulatory Top Holder): Bnc Financial Group, Inc. (RSSDID: 3553815, Location: New Canaan, CT)
    Date Established: August 29, 2008
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 473973
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 29, 2008
    Last Structure Change Effective Date: April 03, 2012
    Last Structure Change Process Date: April 03, 2012
    Last Data Update: April 03, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 2150 Post Road, Fairfield, CT 6825
    County: Fairfield
    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): Bridgeport, CT (#1160)
    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: $114.7 mil
    Equity capital: $12.8 mil
    Deposits held in domestic offices: $87.4 mil
    Return on assets (ROA): 0.13% ($0.1 mil)
    Quarterly return on assets: 0.60% ($0.7 mil)
    Return on Equity (ROE): 1.16% ($0.2 mil)
    Quarterly return on equity: 5.35% ($0.7 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.02% ($22.9 mil)
    Quarterly Pretax return on assets: 0.26% ($298.2 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
  • 16Total employees (full-time equivalent)
  • $114,683Total assets
  • $2,759Cash and due from depository institutions
  • $1,256Interest-bearing balances
  • $11,844Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $97,383Net loans & leases
  • $1,625Loan loss allowance
  • $0Trading account assets
  • $547Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $114,683Life insurance assets
  • $2,150All other assets
  • $101,880Total liabilities and capital
  • $87,368Total liabilities
  • $68,654Total deposits
  • $87,368Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $14,000Trading liabilities
  • $0Other borrowed funds
  • $512Subordinated debt
  • $12,803All other liabilities
  • $12,803Total equity capital
  • $12,803Total bank equity capital
  • $0Perpetual preferred stock
  • $40Common stock
  • $15,903Surplus
  • $-3,140Undivided 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
  • $479Long-term assets (5+ years)
  • $110,483Average Assets, year-to-date
  • $40,383Average Assets, quarterly
  • $101,611Volatile liabilities
  • $112,645Insider loans
  • $93,389FHLB advances
  • $112,908Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,754Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,465Restructured Loans and leases
  • $22Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,075Total interest income
  • $756Total interest expense
  • $4,319Net interest income
  • $325Provision for loan and lease losses
  • $240Total noninterest income
  • $0Fiduciary activities
  • $27Service charges on deposit accounts
  • $0Trading account gains & fees
  • $213Additional noninterest income
  • $4,211Total noninterest expense
  • $1,832Salaries and employee benefits
  • $558Premises and equipment expense
  • $1,821Additional noninterest expense
  • $23Pre-tax net operating income
  • $2Securities gains (losses)
  • -$109Applicable income taxes
  • $134Income before extraordinary items
  • $0Extraordinary gains - net
  • $134Net income attributable to bank
  • $0Net charge-offs
  • $134Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.23%Yield on earning assets
  • 0.78%Cost of funding earning assets
  • 4.45%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 4.34%Noninterest expense to earning assets
  • 0.13%Net operating income to assets
  • 0.13%Return on assets (ROA)
  • 0.02%Pretax return on assets
  • 1.16%Return on equity (ROE)
  • 1.16%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
  • 92,367Assets per employee
  • 7.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.64%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
  • 111.46%Net loans and leases to core deposits
  • 126.95%Equity capital to assets
  • 11.16%Core capital (leverage) ratio
  • 11.30%Tier 1 risk-based capital ratio
  • 13.66%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $101,611Average earning assets
  • $11,518Average equity
  • $96,999Average loans

List of branches

  • 2 Connecticut Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0473973The Bank Of Fairfield2150 Post Road, Fairfield, CT 6825August 29, 2008Full Service Brick and Mortar
    1483411Black Rock Turnpike Branch2248 Black Rock Turnpike, Fairfield, CT 6825December 17, 2008Full Service Brick and Mortar

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