The Connecticut Bank and Trust Company in Hartford, Connecticut (CT)

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The Connecticut Bank and Trust Company routing number info

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The Connecticut Bank and Trust Company
GeneralFDIC Certificate #: 57690
Status: Active
Federal Reserve ID: 3251081
Date Established: March 12, 2004
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 8 (Domestic: 8, Interstate: No)
FDIC's unique #: 419962
Numeric code: 13
Regulator: FED
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: March 12, 2004
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
LocationAddress: 58 State House Square, Hartford, CT 6103
County: Hartford
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): Hartford, CT (#3280)
Combined Statistical Area (CSA): Hartford-West Hartford-Willimantic, CT (#278)
Core Based Statistical Area (CBSA): Hartford-West Hartford-East Hartford, CT (#25540)
CBSA Metro Statistical Area: Hartford-West Hartford-East Hartford, CT (#25540)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $280.5 mil
Equity capital: $23.4 mil
Deposits held in domestic offices: $220.0 mil
Return on assets (ROA): -0.52% (-$1.5 mil)
Quarterly return on assets: -3.61% (-$10.1 mil)
Return on Equity (ROE): -5.83% (-$1.3 mil)
Quarterly return on equity: -41.48% (-$9.5 mil)
Net income: -$1.5 mil
Quarterly Net income: -$2.5 mil
Pretax return on assets: -0.77% (-$2,160.0 mil)
Quarterly Pretax return on assets: -3.61% (-$10,126.5 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)
Total employees (full-time equivalent)70
Total assets$280,513
Cash and due from depository institutions$5,261
Interest-bearing balances$1,444
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$223,123
Loan loss allowance $4,247
Trading account assets$0
Bank premises and fixed assets$1,626
Other real estate owned$2,190
Goodwill and other intangibles$50
All other assets$5,827
Life insurance assets$280,513
Total liabilities and capital$257,143
Total liabilities$220,005
Total deposits$169,180
Interest-bearing deposits$220,005
Deposits held in domestic offices$82
% insured (estimated)4730.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$30,773
Other borrowed funds $0
Subordinated debt $1,635
All other liabilities $23,370
Total equity capital$23,370
Total bank equity capital$23,370
Perpetual preferred stock$5,448
Common stock$3,621
Undivided profits $-16,971
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $12,741
Earning assets $3,831
Long-term assets (5+ years) $1,012
Average Assets, year-to-date $267,003
Average Assets, quarterly $61,366
Volatile liabilities $279,167
Insider loans $282,348
FHLB advances $226,939
Loans and leases held for sale $287,060
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $23,066
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $41,028
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $12,833
Total interest expense $2,918
Net interest income $9,915
Provision for loan and lease losses $2,980
Total noninterest income $911
Fiduciary activities $0
Service charges on deposit accounts $284
Trading account gains & fees $0
Additional noninterest income $627
Total noninterest expense $10,456
Salaries and employee benefits $4,841
Premises and equipment expense $1,803
Additional noninterest expense $3,812
Pre-tax net operating income -$2,610
Securities gains (losses) $448
Applicable income taxes -$700
Income before extraordinary items -$1,462
Extraordinary gains - net $0
Net income attributable to bank -$1,462
Net charge-offs $0
Cash dividends -$1,462
Sale, conversion, retirement of capital stock, net $2,114
Net operating income $272
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.83%
Cost of funding earning assets 1.10%
Net interest margin 3.74%
Noninterest income to earning assets 0.34%
Noninterest expense to earning assets 3.94%
Net operating income to assets -0.63%
Return on assets (ROA) -0.52%
Pretax return on assets -0.77%
Return on equity (ROE) -5.83%
Retained earnings to average equity (YTD only) -6.91%
Net charge-offs to loans 0.95%
Credit loss provision to net charge-offs 140.96%
Efficiency ratio0.18%
Assets per employee$96,582
Cash dividends to net income (YTD only)4.01%
Condition Ratios (%)
Loss allowance to loans -18.60%
Loss allowance to noncurrent loans 1.87%
Noncurrent assets plus other real estate owned to assets 33.33%
Noncurrent loans to loans 5.32%
Net loans and leases to deposits5.60%
Net loans and leases to core deposits 101.42%
Equity capital to assets 118.05%
Core capital (leverage) ratio 8.33%
Tier 1 risk-based capital ratio 8.04%
Total risk-based capital ratio 10.16%
Average assets$11
Average earning assets$279,167
Average equity $25,085
Average loans $265,445
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8 Connecticut Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0419962The Connecticut Bank And Trust Compa58 State House Square, Hartford, CT 6103March 12, 2004Full Service Brick and Mortar
1428003West Hartford Branch68 South Main Street, West Hartford, CT 6107March 29, 2004Full Service Brick and Mortar
2428004Glastonbury Office7 Sycamore St, Glastonbury, CT 6033March 22, 2004Full Service Brick and Mortar
3452594Vernon Branch435 Hartford Turnpike, Vernon, CT 6066November 09, 2005Full Service Brick and Mortar
4465194Newington Office Branch66 Cedar Street, Newington, CT 6111July 10, 2006Full Service Brick and Mortar
5465791Windsor Branch148 Broad Street, Windsor, CT 6095April 02, 2007Full Service Brick and Mortar
6478791Rocky Hill Branch396 Cromwell Ave, Rocky Hill, CT 6067October 15, 2007Full Service Brick and Mortar
7511426St Francis Office Branch114 Woodland St, Hartford, CT 6105June 22, 2010Full Service Retail
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