The Derby Savings Bank in Derby, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 31, 1997

  • The Derby Savings Bank in Derby, Connecticut (CT)
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The Derby Savings Bank - Overview

  • General
  • FDIC Certificate #: 18192
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Webster Bank, National Association (#18221)
    Federal Reserve ID: 896904
    Date Established: January 01, 1846
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 23 (Interstate: No)
    OTS Docket #: 7481
    FDIC's unique #: 12112
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 01, 1960
    Last Structure Change Effective Date: January 31, 1997
    Last Structure Change Process Date: March 12, 1997
    Last Data Update: March 12, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: One Elizabeth Street, Derby, CT 6418
    County: New Haven
    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): New Haven-Milford, CT (#35300)
    CBSA Metro Statistical Area: New Haven-Milford, CT (#35300)
  • Financial Summary
  • Total assets: $1,213.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $270Total assets
  • $1,213,347Cash and due from depository institutions
  • $14,950Interest-bearing balances
  • $0Securities
  • $311,296Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $857,390Loan loss allowance
  • $8,154Trading account assets
  • $0Bank premises and fixed assets
  • $6,783Other real estate owned
  • $3,502Goodwill and other intangibles
  • $16,704Life insurance assets
  • $2,722All other assets
  • $0Total liabilities and capital
  • $1,213,347Total liabilities
  • $1,124,991Total deposits
  • $1,018,820Interest-bearing deposits
  • $975,228Deposits held in domestic offices
  • 1018820.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $102,396Subordinated debt
  • $0All other liabilities
  • $3,775Total equity capital
  • $3,775Total bank equity capital
  • $88,356Perpetual preferred stock
  • $0Common stock
  • $2,220Surplus
  • $26,608Undivided profits
  • Memoranda
  • $59,528Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $18,900Income earned, not collected on loans
  • $4,894Earning assets
  • $1,168,686Long-term assets (5+ years)
  • $243,861Average Assets, year-to-date
  • $1,247,585Average Assets, quarterly
  • $1,236,230Volatile liabilities
  • $150,097Insider loans
  • $538FHLB advances
  • $0Loans and leases held for sale
  • $228Unused loan commitments
  • $109,446Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $86,391Total risk weighted assets
  • $723,828Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $90,712Total interest expense
  • $51,270Net interest income
  • $39,442Provision for loan and lease losses
  • $4,850Total noninterest income
  • $2,705Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,009Trading account gains & fees
  • $331Additional noninterest income
  • $1,365Total noninterest expense
  • $22,874Salaries and employee benefits
  • $11,108Premises and equipment expense
  • $3,074Additional noninterest expense
  • $8,692Pre-tax net operating income
  • $14,423Securities gains (losses)
  • $978Applicable income taxes
  • $5,984Income before extraordinary items
  • $9,417Extraordinary gains - net
  • $0Net income attributable to bank
  • $9,417Net charge-offs
  • $3,602Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.56%Cost of funding earning assets
  • 4.27%Net interest margin
  • 3.29%Noninterest income to earning assets
  • 0.23%Noninterest expense to earning assets
  • 1.91%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 0.75%Pretax return on assets
  • 1.23%Return on equity (ROE)
  • 11.26%Retained earnings to average equity (YTD only)
  • 11.26%Net charge-offs to loans
  • 0.41%Credit loss provision to net charge-offs
  • 134.65%Efficiency ratio
  • 52,452Assets per employee
  • 4.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.94%Loss allowance to noncurrent loans
  • 43.14%Noncurrent assets plus other real estate owned to assets
  • 1.85%Noncurrent loans to loans
  • 2.18%Net loans and leases to deposits
  • 84.16%Net loans and leases to core deposits
  • 88.72%Equity capital to assets
  • 7.28%Core capital (leverage) ratio
  • 7.00%Tier 1 risk-based capital ratio
  • 11.94%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $1,247,585Average earning assets
  • $83,638Average equity
  • $1,200,436Average loans

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