The Community's Bank in Bridgeport, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Community's Bank - Overview

  • General
  • FDIC Certificate #: 57041
    Status: Active
    Federal Reserve ID: 2914905
    Bank Holding Company (Regulatory Top Holder): Urban Financial Group, Inc. (RSSDID: 2914914, Location: Bridgeport, CT)
    Date Established: Febuary 23, 2001
    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 #: 334447
    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: Febuary 23, 2001
    Last Structure Change Effective Date: August 01, 2010
    Last Structure Change Process Date: July 27, 2011
    Last Data Update: July 27, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1087 Broad St, Bridgeport, CT 6604
    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)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $36.3 mil
    Equity capital: $3.5 mil
    Deposits held in domestic offices: $29.4 mil
    Return on assets (ROA): -1.57% (-$0.6 mil)
    Quarterly return on assets: -1.58% (-$0.6 mil)
    Return on Equity (ROE): -16.44% (-$0.7 mil)
    Quarterly return on equity: -16.41% (-$0.7 mil)
    Net income: -$0.6 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -2.57% (-$933.7 mil)
    Quarterly Pretax return on assets: -2.56% (-$930.0 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
  • 14Total employees (full-time equivalent)
  • $36,330Total assets
  • $3,361Cash and due from depository institutions
  • $2,381Interest-bearing balances
  • $8,283Securities
  • $1,133Federal funds sold & reverse repurchase agreements
  • $19,594Net loans & leases
  • $283Loan loss allowance
  • $0Trading account assets
  • $234Bank premises and fixed assets
  • $683Other real estate owned
  • $0Goodwill and other intangibles
  • $36,330Life insurance assets
  • $3,042All other assets
  • $32,793Total liabilities and capital
  • $29,373Total liabilities
  • $25,783Total deposits
  • $29,373Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,051Trading liabilities
  • $0Other borrowed funds
  • $369Subordinated debt
  • $3,537All other liabilities
  • $3,537Total equity capital
  • $3,537Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $6,065Surplus
  • $-2,529Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,557Income earned, not collected on loans
  • $0Earning assets
  • $147Long-term assets (5+ years)
  • $31,391Average Assets, year-to-date
  • $8,468Average Assets, quarterly
  • $38,832Volatile liabilities
  • $37,485Insider loans
  • $20,902FHLB advances
  • $35,484Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $1,896Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $216Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,801Total interest income
  • $513Total interest expense
  • $1,288Net interest income
  • -$82Provision for loan and lease losses
  • $79Total noninterest income
  • $0Fiduciary activities
  • $59Service charges on deposit accounts
  • $0Trading account gains & fees
  • $20Additional noninterest income
  • $2,448Total noninterest expense
  • $1,011Salaries and employee benefits
  • $165Premises and equipment expense
  • $1,272Additional noninterest expense
  • -$999Pre-tax net operating income
  • $2Securities gains (losses)
  • -$387Applicable income taxes
  • -$610Income before extraordinary items
  • $0Extraordinary gains - net
  • -$610Net income attributable to bank
  • $0Net charge-offs
  • -$610Cash dividends
  • $29Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.24%Yield on earning assets
  • 1.49%Cost of funding earning assets
  • 3.75%Net interest margin
  • 0.23%Noninterest income to earning assets
  • 7.13%Noninterest expense to earning assets
  • -1.57%Net operating income to assets
  • -1.57%Return on assets (ROA)
  • -2.57%Pretax return on assets
  • -16.44%Return on equity (ROE)
  • -16.44%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • -282.76%Credit loss provision to net charge-offs
  • -37.28%Efficiency ratio
  • 179,078Assets per employee
  • 2.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.42%Loss allowance to noncurrent loans
  • 18.18%Noncurrent assets plus other real estate owned to assets
  • 6.17%Noncurrent loans to loans
  • 7.83%Net loans and leases to deposits
  • 66.71%Net loans and leases to core deposits
  • 78.04%Equity capital to assets
  • 9.74%Core capital (leverage) ratio
  • 5.34%Tier 1 risk-based capital ratio
  • 9.07%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $38,832Average earning assets
  • $3,710Average equity
  • $34,342Average loans

List of branches

  • 2 Connecticut Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0334447The Community's Bank1087 Broad St, Bridgeport, CT 6604Febuary 23, 2001Full Service Brick and Mortar
    3240231Beardsley Park Branch2574 East Main Street, Bridgeport, CT 6610June 02, 1973Full Service Brick and Mortar

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