The Dime Savings Bank of Wallingford in Wallingford, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 21, 1998

  • The Dime Savings Bank of Wallingford in Wallingford, Connecticut (CT)
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The Dime Savings Bank of Wallingford - Overview

  • General
  • FDIC Certificate #: 17945
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Lafayette American Bank (#19353)
    Federal Reserve ID: 69409
    Date Established: January 02, 1959
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 11 (Interstate: No)
    OTS Docket #: 6881
    FDIC's unique #: 11879
    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: January 02, 1959
    Last Structure Change Effective Date: August 21, 1998
    Last Structure Change Process Date: September 02, 1998
    Last Data Update: September 02, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 2 North Main Street, Wallingford, CT 6492
    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): New Haven-Meriden, CT (#5480)
    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: $1,018.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 147Total employees (full-time equivalent)
  • $958,914Total assets
  • $17,762Cash and due from depository institutions
  • $8,746Interest-bearing balances
  • $540,574Securities
  • $18,670Federal funds sold & reverse repurchase agreements
  • $361,153Net loans & leases
  • $12,352Loan loss allowance
  • $0Trading account assets
  • $4,474Bank premises and fixed assets
  • $481Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $15,800All other assets
  • $958,914Total liabilities and capital
  • $881,722Total liabilities
  • $815,513Total deposits
  • $769,036Interest-bearing deposits
  • $815,513Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $59,913Other borrowed funds
  • $0Subordinated debt
  • $6,296All other liabilities
  • $77,192Total equity capital
  • $77,192Total bank equity capital
  • $77,192Perpetual preferred stock
  • $0Common stock
  • $5,291Surplus
  • $61,743Undivided profits
  • Memoranda
  • $10,158Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,370Earning assets
  • $82Long-term assets (5+ years)
  • $2,084Average Assets, year-to-date
  • $929,143Average Assets, quarterly
  • $449,850Volatile liabilities
  • $862,486Insider loans
  • $939,394FHLB advances
  • $83,526Loans and leases held for sale
  • $186Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $37,858Total unused commitments
  • $0Restructured Loans and leases
  • $388,837Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $62,986Total interest income
  • $34,604Total interest expense
  • $28,382Net interest income
  • $200Provision for loan and lease losses
  • $1,922Total noninterest income
  • $0Fiduciary activities
  • $1,387Service charges on deposit accounts
  • $0Trading account gains & fees
  • $535Additional noninterest income
  • $13,133Total noninterest expense
  • $6,756Salaries and employee benefits
  • $1,892Premises and equipment expense
  • $4,485Additional noninterest expense
  • $16,971Pre-tax net operating income
  • $195Securities gains (losses)
  • $70Applicable income taxes
  • $17,096Income before extraordinary items
  • $0Extraordinary gains - net
  • $17,096Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $777Sale, conversion, retirement of capital stock, net
  • $1,617Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.55%Yield on earning assets
  • 4.15%Cost of funding earning assets
  • 3.40%Net interest margin
  • 0.23%Noninterest income to earning assets
  • 1.57%Noninterest expense to earning assets
  • 1.96%Net operating income to assets
  • 1.98%Return on assets (ROA)
  • 1.99%Pretax return on assets
  • 25.24%Return on equity (ROE)
  • 22.85%Retained earnings to average equity (YTD only)
  • 0.20%Net charge-offs to loans
  • 25.74%Credit loss provision to net charge-offs
  • 22.10%Efficiency ratio
  • 43,338Assets per employee
  • 6.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 9.46%Loss allowance to loans
  • 3.31%Loss allowance to noncurrent loans
  • 521.18%Noncurrent assets plus other real estate owned to assets
  • 0.30%Noncurrent loans to loans
  • 0.63%Net loans and leases to deposits
  • 44.29%Net loans and leases to core deposits
  • 47.59%Equity capital to assets
  • 8.05%Core capital (leverage) ratio
  • 8.17%Tier 1 risk-based capital ratio
  • 19.70%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $862,486Average earning assets
  • $67,746Average equity
  • $834,014Average loans

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