The First National Bank of Orwell in Orwell, Vermont (VT)



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The First National Bank of Orwell routing number info

Table of contents:
The First National Bank of Orwell
GeneralFDIC Certificate #: 6280
Status: Active
Federal Reserve ID: 177500
Date Established: January 01, 1863
WWW: http://www.fnborwell.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 12254
FDIC's unique #: 4242
Numeric code: 3
Regulator: OCC
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: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 02, 2010
Last Structure Change Process Date: June 02, 2010
Last Data Update: June 02, 2010
Data Source Date: April 05, 2012
LocationAddress: 441 Main Street, Orwell, VT 5760
County: Addison
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Springfield Ma
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
History of ChangesChange in Location
Financial SummaryTotal assets: $41.6 mil
Equity capital: $3.6 mil
Deposits held in domestic offices: $37.7 mil
Return on assets (ROA): 0.84% ($0.4 mil)
Quarterly return on assets: 1.11% ($0.5 mil)
Return on Equity (ROE): 9.64% ($0.4 mil)
Quarterly return on equity: 12.68% ($0.5 mil)
Net income: $0.3 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.25% ($520.3 mil)
Quarterly Pretax return on assets: 1.59% ($661.9 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)17
Total assets$41,626
Cash and due from depository institutions$4,727
Interest-bearing balances$3,683
Securities$0
Federal funds sold & reverse repurchase agreements$140
Net loans & leases$34,650
Loan loss allowance $400
Trading account assets$0
Bank premises and fixed assets$1,160
Other real estate owned$485
Goodwill and other intangibles$0
All other assets$464
Life insurance assets$41,626
Total liabilities and capital$37,997
Total liabilities$37,675
Total deposits$28,029
Interest-bearing deposits$37,675
Deposits held in domestic offices$98
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$109
Other borrowed funds $0
Subordinated debt $213
All other liabilities $3,629
Total equity capital$3,629
Total bank equity capital$3,629
Perpetual preferred stock$0
Common stock$50
Surplus$50
Undivided profits $3,529
Memoranda
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 $877
Earning assets $0
Long-term assets (5+ years) $105
Average Assets, year-to-date $38,473
Average Assets, quarterly $692
Volatile liabilities $40,299
Insider loans $41,210
FHLB advances $25,436
Loans and leases held for sale $41,588
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $3,629
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,705
Derivatives$347
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,218
Total interest expense $247
Net interest income $1,971
Provision for loan and lease losses $32
Total noninterest income $219
Fiduciary activities $0
Service charges on deposit accounts $27
Trading account gains & fees $0
Additional noninterest income $192
Total noninterest expense $1,654
Salaries and employee benefits $918
Premises and equipment expense $195
Additional noninterest expense $541
Pre-tax net operating income $504
Securities gains (losses) $0
Applicable income taxes $166
Income before extraordinary items $338
Extraordinary gains - net $0
Net income attributable to bank $338
Net charge-offs $0
Cash dividends $338
Sale, conversion, retirement of capital stock, net $36
Net operating income $87
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.97%
Cost of funding earning assets 0.66%
Net interest margin 5.30%
Noninterest income to earning assets 0.59%
Noninterest expense to earning assets 4.45%
Net operating income to assets 0.84%
Return on assets (ROA) 0.84%
Pretax return on assets 1.25%
Return on equity (ROE) 9.64%
Retained earnings to average equity (YTD only) 7.16%
Net charge-offs to loans 0.11%
Credit loss provision to net charge-offs 88.89%
Efficiency ratio14.89%
Assets per employee$75,525
Cash dividends to net income (YTD only)2.45%
Condition Ratios (%)
Loss allowance to loans 25.74%
Loss allowance to noncurrent loans 1.14%
Noncurrent assets plus other real estate owned to assets 45.61%
Noncurrent loans to loans 3.27%
Net loans and leases to deposits2.50%
Net loans and leases to core deposits 91.97%
Equity capital to assets 99.02%
Core capital (leverage) ratio 8.72%
Tier 1 risk-based capital ratio 8.73%
Total risk-based capital ratio 14.27%
Memoranda
Average assets$16
Average earning assets$40,299
Average equity $3,506
Average loans $37,156
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2 Vermont Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
04242The First National Bank Of Orwell441 Main Street, Orwell, VT 5760January 01, 1863Full Service Brick and Mortar
1478557The First National Bank Of Orwell -s2936 Vt Route 22a, Shoreham, VT 5770December 11, 2006Limited Service Facility
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