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

The Bank of New Canaan - Overview

  • General
  • FDIC Certificate #: 57368
    Status: Active
    Federal Reserve ID: 3109043
    Bank Holding Company (Regulatory Top Holder): Bnc Financial Group, Inc. (RSSDID: 3553815, Location: New Canaan, CT)
    Date Established: April 22, 2002
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 362641
    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: April 22, 2002
    Last Structure Change Effective Date: October 26, 2006
    Last Structure Change Process Date: October 26, 2006
    Last Data Update: October 26, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 208 Elm Street, New Canaan, CT 6840
    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): 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: $362.4 mil
    Equity capital: $32.1 mil
    Deposits held in domestic offices: $284.2 mil
    Return on assets (ROA): 0.82% ($3.0 mil)
    Quarterly return on assets: 1.01% ($3.7 mil)
    Return on Equity (ROE): 9.88% ($3.2 mil)
    Quarterly return on equity: 11.43% ($3.7 mil)
    Net income: $2.8 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 1.22% ($4,421.0 mil)
    Quarterly Pretax return on assets: 1.54% ($5,580.6 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
  • 58Total employees (full-time equivalent)
  • $362,377Total assets
  • $4,616Cash and due from depository institutions
  • $908Interest-bearing balances
  • $83,129Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $265,876Net loans & leases
  • $4,800Loan loss allowance
  • $0Trading account assets
  • $1,818Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $362,377Life insurance assets
  • $6,938All other assets
  • $330,244Total liabilities and capital
  • $284,198Total liabilities
  • $227,603Total deposits
  • $284,198Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $44,000Trading liabilities
  • $0Other borrowed funds
  • $2,046Subordinated debt
  • $32,133All other liabilities
  • $32,133Total equity capital
  • $32,133Total bank equity capital
  • $0Perpetual preferred stock
  • $1,321Common stock
  • $24,486Surplus
  • $6,326Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,172Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,738Income earned, not collected on loans
  • $0Earning assets
  • $1,839Long-term assets (5+ years)
  • $349,913Average Assets, year-to-date
  • $176,916Average Assets, quarterly
  • $337,235Volatile liabilities
  • $359,481Insider loans
  • $283,324FHLB advances
  • $360,267Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $31,373Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $81,357Restructured Loans and leases
  • $6,452Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,506Total interest income
  • $2,145Total interest expense
  • $13,361Net interest income
  • $724Provision for loan and lease losses
  • $645Total noninterest income
  • $0Fiduciary activities
  • $97Service charges on deposit accounts
  • $0Trading account gains & fees
  • $548Additional noninterest income
  • $9,402Total noninterest expense
  • $5,332Salaries and employee benefits
  • $1,542Premises and equipment expense
  • $2,528Additional noninterest expense
  • $3,880Pre-tax net operating income
  • $248Securities gains (losses)
  • $1,371Applicable income taxes
  • $2,757Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,757Net income attributable to bank
  • $0Net charge-offs
  • $2,757Cash dividends
  • $64Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.79%Yield on earning assets
  • 0.66%Cost of funding earning assets
  • 4.13%Net interest margin
  • 0.20%Noninterest income to earning assets
  • 2.90%Noninterest expense to earning assets
  • 0.77%Net operating income to assets
  • 0.82%Return on assets (ROA)
  • 1.22%Pretax return on assets
  • 9.88%Return on equity (ROE)
  • 9.88%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 1131.25%Credit loss provision to net charge-offs
  • 71.94%Efficiency ratio
  • 67,128Assets per employee
  • 6.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.77%Loss allowance to noncurrent loans
  • 128.41%Noncurrent assets plus other real estate owned to assets
  • 1.03%Noncurrent loans to loans
  • 1.38%Net loans and leases to deposits
  • 93.55%Net loans and leases to core deposits
  • 114.80%Equity capital to assets
  • 8.87%Core capital (leverage) ratio
  • 8.71%Tier 1 risk-based capital ratio
  • 11.07%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $337,235Average earning assets
  • $27,917Average equity
  • $323,707Average loans

List of branches

  • 3 Connecticut Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0362641The Bank Of New Canaan208 Elm Street, New Canaan, CT 6840April 22, 2002Full Service Brick and Mortar
    1443722Cherry Street Branch156 Cherry Street, New Canaan, CT 6840April 22, 2002Full Service Retail
    2518075Stamford Branch612 Bedford Street, Stamford, CT 6901July 20, 2010Full Service Brick and Mortar

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