The Federal Savings Bank in New Britain, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 1994

  • The Federal Savings Bank in New Britain, Connecticut (CT)
  • Show street view No street view available for this location

The Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 29522
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: MidConn Bank (#18260)
    Federal Reserve ID: 323370
    Date Established: September 16, 1935
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3588
    FDIC's unique #: 42356
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: September 16, 1935
    Last Structure Change Effective Date: June 01, 1994
    Last Structure Change Process Date: July 11, 1994
    Last Data Update: July 11, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 94 W Main St, New Britain, CT 6050
    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)
  • Financial Summary
  • Total assets: $152.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $51Total assets
  • $151,818Cash and due from depository institutions
  • $4,597Interest-bearing balances
  • $2,500Securities
  • $41,735Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $99,294Loan loss allowance
  • $957Trading account assets
  • $0Bank premises and fixed assets
  • $1,489Other real estate owned
  • $447Goodwill and other intangibles
  • $4,256Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $151,818Total liabilities
  • $142,336Total deposits
  • $142,137Interest-bearing deposits
  • $142,137Deposits held in domestic offices
  • 142137.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $150Subordinated debt
  • $0All other liabilities
  • $49Total equity capital
  • $49Total bank equity capital
  • $9,482Perpetual preferred stock
  • $0Common stock
  • $9Surplus
  • $7,362Undivided profits
  • Memoranda
  • $2,111Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,301Income earned, not collected on loans
  • $1,071Earning assets
  • $143,529Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $149,406Average Assets, quarterly
  • $151,026Volatile liabilities
  • $13,545Insider loans
  • $1,949FHLB advances
  • $150Loans and leases held for sale
  • $0Unused loan commitments
  • $3,559Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $9,482Total risk weighted assets
  • $70,430Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,817Total interest expense
  • $4,138Net interest income
  • $5,679Provision for loan and lease losses
  • $237Total noninterest income
  • $959Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $959Total noninterest expense
  • $3,758Salaries and employee benefits
  • $1,932Premises and equipment expense
  • $1,014Additional noninterest expense
  • $812Pre-tax net operating income
  • $2,643Securities gains (losses)
  • $20Applicable income taxes
  • $1,075Income before extraordinary items
  • $1,588Extraordinary gains - net
  • $300Net income attributable to bank
  • $1,888Net charge-offs
  • $104Cash dividends
  • $204Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.98%Cost of funding earning assets
  • 2.94%Net interest margin
  • 4.04%Noninterest income to earning assets
  • 0.68%Noninterest expense to earning assets
  • 2.67%Net operating income to assets
  • 1.05%Return on assets (ROA)
  • 1.26%Pretax return on assets
  • 1.98%Return on equity (ROE)
  • 21.90%Retained earnings to average equity (YTD only)
  • 19.53%Net charge-offs to loans
  • 0.10%Credit loss provision to net charge-offs
  • 227.88%Efficiency ratio
  • 56,613Assets per employee
  • 2.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 10.81%Loss allowance to loans
  • 0.95%Loss allowance to noncurrent loans
  • 73.56%Noncurrent assets plus other real estate owned to assets
  • 1.15%Noncurrent loans to loans
  • 1.30%Net loans and leases to deposits
  • 69.86%Net loans and leases to core deposits
  • 77.13%Equity capital to assets
  • 6.25%Core capital (leverage) ratio
  • 6.25%Tier 1 risk-based capital ratio
  • 13.46%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $149,406Average earning assets
  • $8,623Average equity
  • $140,641Average loans
1
Janice Grinewsky
⚠
Jan 7, 2022 @ 12:12 pm
Where can I inquire about any pensions for past employees.

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Federal Savings Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents