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


The First National Bank of Suffield - Overview

  • General
  • FDIC Certificate #: 2526
    Status: Active
    Federal Reserve ID: 115100
    Bank Holding Company (Regulatory Top Holder): First Suffield Financial, Inc. (RSSDID: 3431007, Location: Suffield, CT)
    Date Established: June 01, 1864
    WWW: http://www.fnbanksuffield.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: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 11912
    FDIC's unique #: 1648
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 30 Bridge Street, Suffield, CT 6078
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $214.3 mil
    Equity capital: $22.5 mil
    Deposits held in domestic offices: $185.4 mil
    Return on assets (ROA): 0.71% ($1.5 mil)
    Quarterly return on assets: 0.97% ($2.1 mil)
    Return on Equity (ROE): 6.84% ($1.5 mil)
    Quarterly return on equity: 9.31% ($2.0 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.13% ($2,422.1 mil)
    Quarterly Pretax return on assets: 1.52% ($3,258.1 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
  • 42Total employees (full-time equivalent)
  • $214,349Total assets
  • $35,452Cash and due from depository institutions
  • $32,409Interest-bearing balances
  • $28,355Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $140,540Net loans & leases
  • $1,480Loan loss allowance
  • $0Trading account assets
  • $1,908Bank premises and fixed assets
  • $98Other real estate owned
  • $397Goodwill and other intangibles
  • $214,349Life insurance assets
  • $7,599All other assets
  • $191,895Total liabilities and capital
  • $185,366Total liabilities
  • $142,802Total deposits
  • $185,366Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 4737.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $848Trading liabilities
  • $0Other borrowed funds
  • $944Subordinated debt
  • $22,454All other liabilities
  • $22,454Total equity capital
  • $22,454Total bank equity capital
  • $0Perpetual preferred stock
  • $125Common stock
  • $1,000Surplus
  • $21,329Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,099Income earned, not collected on loans
  • $0Earning assets
  • $898Long-term assets (5+ years)
  • $201,304Average Assets, year-to-date
  • $69,694Average Assets, quarterly
  • $213,599Volatile liabilities
  • $214,902Insider loans
  • $110,827FHLB advances
  • $213,294Loans and leases held for sale
  • $3,670Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $22,816Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,670Total unused commitments
  • $25,002Restructured Loans and leases
  • $2,183Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,547Total interest income
  • $936Total interest expense
  • $6,611Net interest income
  • $60Provision for loan and lease losses
  • $1,514Total noninterest income
  • $0Fiduciary activities
  • $302Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,212Additional noninterest income
  • $5,659Total noninterest expense
  • $3,103Salaries and employee benefits
  • $482Premises and equipment expense
  • $2,074Additional noninterest expense
  • $2,406Pre-tax net operating income
  • $0Securities gains (losses)
  • $890Applicable income taxes
  • $1,516Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,516Net income attributable to bank
  • $0Net charge-offs
  • $1,516Cash dividends
  • $59Sale, conversion, retirement of capital stock, net
  • $1,050Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.75%Yield on earning assets
  • 0.47%Cost of funding earning assets
  • 3.29%Net interest margin
  • 0.75%Noninterest income to earning assets
  • 2.81%Noninterest expense to earning assets
  • 0.71%Net operating income to assets
  • 0.71%Return on assets (ROA)
  • 1.13%Pretax return on assets
  • 6.84%Return on equity (ROE)
  • 2.10%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 101.69%Credit loss provision to net charge-offs
  • 41.80%Efficiency ratio
  • 69,649Assets per employee
  • 5.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 69.26%Loss allowance to loans
  • 1.04%Loss allowance to noncurrent loans
  • 70.51%Noncurrent assets plus other real estate owned to assets
  • 1.02%Noncurrent loans to loans
  • 1.48%Net loans and leases to deposits
  • 75.82%Net loans and leases to core deposits
  • 80.84%Equity capital to assets
  • 10.48%Core capital (leverage) ratio
  • 10.70%Tier 1 risk-based capital ratio
  • 20.59%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $213,599Average earning assets
  • $22,162Average equity
  • $201,122Average loans

List of branches

  • 4 Connecticut Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01648The First National Bank Of Suffield30 Bridge Street, Suffield, CT 6078June 01, 1864Full Service Brick and Mortar
    1192901West Suffield Branch1380 Mountain Road, West Suffield, CT 6093October 07, 1974Full Service Brick and Mortar
    2192902East Granby Branch3a Turkey Hills Road, East Granby, CT 6026October 16, 1995Full Service Brick and Mortar
    3441904Windsor Locks Office Branch6 National Drive, Windsor Locks, CT 6096July 15, 2004Full Service Brick and Mortar

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