FDIC Certificate #: 35411 Status: Inactive Federal Reserve ID: 2938125 Date Established: September 01, 2000 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 15048 FDIC's unique #: 79519 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: September 01, 2000 Last Structure Change Effective Date: July 22, 2002 Last Structure Change Process Date: October 30, 2002 Last Data Update: October 30, 2002 Data Source Date: April 05, 2012
Location
Address: 55 Farmington Avenue, Suite 601, Hartford, CT 6105 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
Other Liquidations and Closings
Financial Summary
Total assets: $2.8 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2001)
Dollar figures in thousands
7Total employees (full-time equivalent)
$4,138Total assets
$67Cash and due from depository institutions
$0Interest-bearing balances
$3,267Securities
$0Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$15Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$789All other assets
$4,138Total liabilities and capital
$1,692Total liabilities
$500Total deposits
$500Interest-bearing deposits
$500Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,192All other liabilities
$2,446Total equity capital
$2,446Total bank equity capital
$2,446Perpetual preferred stock
$0Common stock
$1Surplus
$4,475Undivided profits
Memoranda
$-2,030Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$15Average Assets, year-to-date
$3,267Average Assets, quarterly
$0Volatile liabilities
$4,358Insider loans
$4,101FHLB advances
$500Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$228Total interest income
$28Total interest expense
$200Net interest income
$0Provision for loan and lease losses
$46Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$46Additional noninterest income
$2,556Total noninterest expense
$1,844Salaries and employee benefits
$360Premises and equipment expense
$352Additional noninterest expense
-$2,310Pre-tax net operating income
$0Securities gains (losses)
-$808Applicable income taxes
-$1,502Income before extraordinary items
$0Extraordinary gains - net
-$1,502Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.01%Yield on earning assets
0.74%Cost of funding earning assets
5.27%Net interest margin
1.21%Noninterest income to earning assets
67.34%Noninterest expense to earning assets
-34.46%Net operating income to assets
-34.46%Return on assets (ROA)
-53.00%Pretax return on assets
-45.03%Return on equity (ROE)
-45.03%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
1,039,024Assets per employee
0.59%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
59.11%Core capital (leverage) ratio
58.94%Tier 1 risk-based capital ratio
171.07%Total risk-based capital ratio
Memoranda
$171Average assets
$4,358Average earning assets
$3,336Average equity
$3,796Average loans
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