The Howard Bank, National Association in Burlington, Vermont (VT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2002

  • The Howard Bank, National Association in Burlington, Vermont (VT)
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The Howard Bank, National Association - Overview

  • General
  • FDIC Certificate #: 6267
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: TD Bank, National Association (#18409)
    Federal Reserve ID: 139900
    Date Established: June 07, 1870
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 19 (Interstate: No)
    OTS Docket #: 9002
    FDIC's unique #: 4232
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 01, 2002
    Last Structure Change Process Date: January 28, 2002
    Last Data Update: January 28, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 111 Main Street, Burlington, VT 5401
    County: Chittenden
    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
    Metropolitan Statistical Area (MSA): Burlington, VT (#1305)
    Core Based Statistical Area (CBSA): Burlington-South Burlington, VT (#15540)
    CBSA Metro Statistical Area: Burlington-South Burlington, VT (#15540)
  • Financial Summary
  • Total assets: $1,097.9 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, 2001)

  • Dollar figures in thousands
  • 164Total employees (full-time equivalent)
  • $1,097,897Total assets
  • $76,725Cash and due from depository institutions
  • $2Interest-bearing balances
  • $193,534Securities
  • $68,200Federal funds sold & reverse repurchase agreements
  • $654,268Net loans & leases
  • $12,557Loan loss allowance
  • $0Trading account assets
  • $6,603Bank premises and fixed assets
  • $20Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $98,547All other assets
  • $1,097,897Total liabilities and capital
  • $1,015,032Total liabilities
  • $831,748Total deposits
  • $631,194Interest-bearing deposits
  • $831,748Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $167,525Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $9,191Other borrowed funds
  • $0Subordinated debt
  • $6,568All other liabilities
  • $82,865Total equity capital
  • $82,865Total bank equity capital
  • $82,865Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $22,449Undivided profits
  • Memoranda
  • $60,416Noncurrent loans and leases
  • $288,409Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,920Earning assets
  • $9Long-term assets (5+ years)
  • $4,410Average Assets, year-to-date
  • $916,004Average Assets, quarterly
  • $261,147Volatile liabilities
  • $1,029,711Insider loans
  • $1,064,508FHLB advances
  • $239,212Loans and leases held for sale
  • $31,753Unused loan commitments
  • $1,193Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $288,409Total unused commitments
  • $0Restructured Loans and leases
  • $11,204Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $69,764Total interest income
  • $27,998Total interest expense
  • $41,766Net interest income
  • $6,091Provision for loan and lease losses
  • $6,399Total noninterest income
  • $0Fiduciary activities
  • $3,542Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,857Additional noninterest income
  • $22,246Total noninterest expense
  • $7,428Salaries and employee benefits
  • $2,866Premises and equipment expense
  • $11,952Additional noninterest expense
  • $19,828Pre-tax net operating income
  • $390Securities gains (losses)
  • $6,461Applicable income taxes
  • $13,757Income before extraordinary items
  • -$204Extraordinary gains - net
  • $13,553Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $5,052Sale, conversion, retirement of capital stock, net
  • $10,105Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.75%Yield on earning assets
  • 3.11%Cost of funding earning assets
  • 4.64%Net interest margin
  • 0.71%Noninterest income to earning assets
  • 2.47%Noninterest expense to earning assets
  • 1.31%Net operating income to assets
  • 1.32%Return on assets (ROA)
  • 1.94%Pretax return on assets
  • 16.78%Return on equity (ROE)
  • 4.27%Retained earnings to average equity (YTD only)
  • 0.76%Net charge-offs to loans
  • 120.57%Credit loss provision to net charge-offs
  • 5.13%Efficiency ratio
  • 46,187Assets per employee
  • 6.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 74.56%Loss allowance to loans
  • 1.88%Loss allowance to noncurrent loans
  • 255.22%Noncurrent assets plus other real estate owned to assets
  • 0.45%Noncurrent loans to loans
  • 0.74%Net loans and leases to deposits
  • 78.66%Net loans and leases to core deposits
  • 85.18%Equity capital to assets
  • 7.55%Core capital (leverage) ratio
  • 7.87%Tier 1 risk-based capital ratio
  • 8.98%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $1,029,711Average earning assets
  • $80,783Average equity
  • $900,242Average loans

Total Fiduciary and Related Assets (December 31, 2001)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $327,303Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 529Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $327,303Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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