The Glastonbury Bank and Trust Company in Glastonbury, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 12, 2000

  • The Glastonbury Bank and Trust Company in Glastonbury, Connecticut (CT)
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The Glastonbury Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 19702
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Massachusetts Bank, National Association (#34136)
    Federal Reserve ID: 1013708
    Date Established: September 19, 1919
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    OTS Docket #: 9604
    FDIC's unique #: 13501
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: May 11, 1967
    Last Structure Change Effective Date: May 12, 2000
    Last Structure Change Process Date: June 13, 2000
    Last Data Update: June 13, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 2461 Main Street, Glastonbury, CT 6033
    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: $349.7 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 67Total employees (full-time equivalent)
  • $341,086Total assets
  • $11,668Cash and due from depository institutions
  • $0Interest-bearing balances
  • $124,316Securities
  • $1,998Federal funds sold & reverse repurchase agreements
  • $188,441Net loans & leases
  • $3,779Loan loss allowance
  • $0Trading account assets
  • $6,613Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $8,050All other assets
  • $341,086Total liabilities and capital
  • $319,065Total liabilities
  • $218,039Total deposits
  • $164,303Interest-bearing deposits
  • $218,039Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $98,000Other borrowed funds
  • $0Subordinated debt
  • $3,026All other liabilities
  • $22,021Total equity capital
  • $22,021Total bank equity capital
  • $22,021Perpetual preferred stock
  • $0Common stock
  • $4,575Surplus
  • $7,083Undivided profits
  • Memoranda
  • $10,363Noncurrent loans and leases
  • $79,013Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $105Earning assets
  • $0Long-term assets (5+ years)
  • $1,015Average Assets, year-to-date
  • $314,755Average Assets, quarterly
  • $98,789Volatile liabilities
  • $324,100Insider loans
  • $340,243FHLB advances
  • $35,096Loans and leases held for sale
  • $3,756Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $79,013Total unused commitments
  • $41Restructured Loans and leases
  • $2,838Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $21,498Total interest income
  • $9,759Total interest expense
  • $11,739Net interest income
  • $500Provision for loan and lease losses
  • $4,538Total noninterest income
  • $0Fiduciary activities
  • $737Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,801Additional noninterest income
  • $9,188Total noninterest expense
  • $3,381Salaries and employee benefits
  • $1,574Premises and equipment expense
  • $4,233Additional noninterest expense
  • $6,589Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,138Applicable income taxes
  • $4,451Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,451Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$147Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.21%Yield on earning assets
  • 3.27%Cost of funding earning assets
  • 3.94%Net interest margin
  • 1.52%Noninterest income to earning assets
  • 3.08%Noninterest expense to earning assets
  • 1.37%Net operating income to assets
  • 1.37%Return on assets (ROA)
  • 2.03%Pretax return on assets
  • 21.11%Return on equity (ROE)
  • 21.11%Retained earnings to average equity (YTD only)
  • -0.08%Net charge-offs to loans
  • -340.14%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 56,448Assets per employee
  • 5.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.97%Loss allowance to noncurrent loans
  • 3599.05%Noncurrent assets plus other real estate owned to assets
  • 0.03%Noncurrent loans to loans
  • 0.05%Net loans and leases to deposits
  • 86.43%Net loans and leases to core deposits
  • 92.40%Equity capital to assets
  • 6.46%Core capital (leverage) ratio
  • 7.13%Tier 1 risk-based capital ratio
  • 10.61%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $324,100Average earning assets
  • $21,086Average equity
  • $298,048Average loans

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