The First National Bank of Litchfield in Litchfield, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 07, 2010

  • The First National Bank of Litchfield in Litchfield, Connecticut (CT)
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The First National Bank of Litchfield - Overview

  • General
  • FDIC Certificate #: 2500
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: Union Savings Bank (#18190)
    Federal Reserve ID: 695705
    Date Established: January 01, 1814
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 9 (Interstate: No)
    OTS Docket #: 10321
    FDIC's unique #: 1642
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 07, 2010
    Last Structure Change Process Date: April 19, 2010
    Last Data Update: April 19, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: North Street, Litchfield, CT 6759
    County: Litchfield
    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
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): Torrington, CT (#45860)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $521.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)

  • Dollar figures in thousands
  • 124Total employees (full-time equivalent)
  • $527,323Total assets
  • $26,499Cash and due from depository institutions
  • $278Interest-bearing balances
  • $95,426Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $370,697Net loans & leases
  • $6,068Loan loss allowance
  • $0Trading account assets
  • $6,965Bank premises and fixed assets
  • $312Other real estate owned
  • $292Goodwill and other intangibles
  • $10,809Life insurance assets
  • $27,132All other assets
  • $527,323Total liabilities and capital
  • $487,933Total liabilities
  • $370,986Total deposits
  • $357,938Interest-bearing deposits
  • $370,986Deposits held in domestic offices
  • 89.38%% insured (estimated)
  • $43,116Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $70,047Other borrowed funds
  • $0Subordinated debt
  • $3,784All other liabilities
  • $39,390Total equity capital
  • $39,390Total bank equity capital
  • $39,203Perpetual preferred stock
  • $0Common stock
  • $689Surplus
  • $6,838Undivided profits
  • Memoranda
  • $31,676Noncurrent loans and leases
  • $118,744Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $187Income earned, not collected on loans
  • $12,432Earning assets
  • $0Long-term assets (5+ years)
  • $1,659Average Assets, year-to-date
  • $466,401Average Assets, quarterly
  • $129,013Volatile liabilities
  • $541,875Insider loans
  • $538,980FHLB advances
  • $126,717Loans and leases held for sale
  • $615Unused loan commitments
  • $69,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $80Total risk weighted assets
  • $118,744Total unused commitments
  • $0Restructured Loans and leases
  • $4,764Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $25,038Total interest income
  • $9,193Total interest expense
  • $15,845Net interest income
  • $3,669Provision for loan and lease losses
  • $3,900Total noninterest income
  • $1,230Fiduciary activities
  • $1,077Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,593Additional noninterest income
  • $17,692Total noninterest expense
  • $8,475Salaries and employee benefits
  • $1,777Premises and equipment expense
  • $7,440Additional noninterest expense
  • -$1,616Pre-tax net operating income
  • $466Securities gains (losses)
  • -$741Applicable income taxes
  • -$409Income before extraordinary items
  • $0Extraordinary gains - net
  • -$542Net income attributable to bank
  • $133Net charge-offs
  • -$409Cash dividends
  • $1,300Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.19%Yield on earning assets
  • 1.90%Cost of funding earning assets
  • 3.28%Net interest margin
  • 0.81%Noninterest income to earning assets
  • 3.66%Noninterest expense to earning assets
  • -0.13%Net operating income to assets
  • -0.10%Return on assets (ROA)
  • -0.24%Pretax return on assets
  • -1.43%Return on equity (ROE)
  • -1.43%Retained earnings to average equity (YTD only)
  • 0.34%Net charge-offs to loans
  • 282.23%Credit loss provision to net charge-offs
  • 1.58%Efficiency ratio
  • 89,602Assets per employee
  • 4.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.61%Loss allowance to noncurrent loans
  • 48.81%Noncurrent assets plus other real estate owned to assets
  • 2.42%Noncurrent loans to loans
  • 3.30%Net loans and leases to deposits
  • 99.92%Net loans and leases to core deposits
  • 122.59%Equity capital to assets
  • 7.43%Core capital (leverage) ratio
  • 7.02%Tier 1 risk-based capital ratio
  • 9.83%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $541,875Average earning assets
  • $37,938Average equity
  • $482,847Average loans

Total Fiduciary and Related Assets (December 31, 2009)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $168,616Managed Assets
  • 1Number of Accounts
  • $160,888Personal trust and agency accounts
  • $66,275Employee benefit-defined contribution accounts
  • $497Employee benefit-defined benefit accounts
  • $9,262Other retirement accounts
  • $16,756Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $46,545Other fiduciary accounts
  • $21,553Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 317Number of Accounts
  • $0Personal trust and agency accounts
  • $16,756Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $7,728Other retirement accounts
  • $3,316Corporate trust and agency accounts
  • $2,869Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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