The First National Bank of Orwell in Orwell, Vermont (VT)
Overview, Financial Summary, Detailed Financial Reports, Branches

The First National Bank of Orwell - Overview

  • General
  • FDIC Certificate #: 6280
    Status: Active
    Federal Reserve ID: 177500
    Date Established: January 01, 1863
    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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 17Total employees (full-time equivalent)
  • $41,626Total assets
  • $4,727Cash and due from depository institutions
  • $3,683Interest-bearing balances
  • $0Securities
  • $140Federal funds sold & reverse repurchase agreements
  • $34,650Net loans & leases
  • $400Loan loss allowance
  • $0Trading account assets
  • $1,160Bank premises and fixed assets
  • $485Other real estate owned
  • $0Goodwill and other intangibles
  • $41,626Life insurance assets
  • $464All other assets
  • $37,997Total liabilities and capital
  • $37,675Total liabilities
  • $28,029Total deposits
  • $37,675Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $109Trading liabilities
  • $0Other borrowed funds
  • $213Subordinated debt
  • $3,629All other liabilities
  • $3,629Total equity capital
  • $3,629Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $50Surplus
  • $3,529Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $877Income earned, not collected on loans
  • $0Earning assets
  • $105Long-term assets (5+ years)
  • $38,473Average Assets, year-to-date
  • $692Average Assets, quarterly
  • $40,299Volatile liabilities
  • $41,210Insider loans
  • $25,436FHLB advances
  • $41,588Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,629Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,705Restructured Loans and leases
  • $347Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,218Total interest income
  • $247Total interest expense
  • $1,971Net interest income
  • $32Provision for loan and lease losses
  • $219Total noninterest income
  • $0Fiduciary activities
  • $27Service charges on deposit accounts
  • $0Trading account gains & fees
  • $192Additional noninterest income
  • $1,654Total noninterest expense
  • $918Salaries and employee benefits
  • $195Premises and equipment expense
  • $541Additional noninterest expense
  • $504Pre-tax net operating income
  • $0Securities gains (losses)
  • $166Applicable income taxes
  • $338Income before extraordinary items
  • $0Extraordinary gains - net
  • $338Net income attributable to bank
  • $0Net charge-offs
  • $338Cash dividends
  • $36Sale, conversion, retirement of capital stock, net
  • $87Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.97%Yield on earning assets
  • 0.66%Cost of funding earning assets
  • 5.30%Net interest margin
  • 0.59%Noninterest income to earning assets
  • 4.45%Noninterest expense to earning assets
  • 0.84%Net operating income to assets
  • 0.84%Return on assets (ROA)
  • 1.25%Pretax return on assets
  • 9.64%Return on equity (ROE)
  • 7.16%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 88.89%Credit loss provision to net charge-offs
  • 14.89%Efficiency ratio
  • 75,525Assets per employee
  • 2.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 25.74%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 45.61%Noncurrent assets plus other real estate owned to assets
  • 3.27%Noncurrent loans to loans
  • 2.50%Net loans and leases to deposits
  • 91.97%Net loans and leases to core deposits
  • 99.02%Equity capital to assets
  • 8.72%Core capital (leverage) ratio
  • 8.73%Tier 1 risk-based capital ratio
  • 14.27%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $40,299Average earning assets
  • $3,506Average equity
  • $37,156Average loans

List of branches

  • 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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