The Jewett City Trust Company in Jewett City, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 16, 1996

The Jewett City Trust Company in Jewett City, Connecticut (CT)
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The Jewett City Trust Company - Overview

General
FDIC Certificate #: 10426
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Jewett City Savings Bank (#18237)
Federal Reserve ID: 48507
Date Established: October 03, 1921
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 11321
FDIC's unique #: 6664
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: January 01, 1934
Last Structure Change Effective Date: September 16, 1996
Last Structure Change Process Date: September 25, 1996
Last Data Update: September 25, 1996
Data Source Date: April 05, 2012
Location
Address: 28 Main Street, Jewett City, CT 6351
County: New London
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
Core Based Statistical Area (CBSA): Norwich-New London, CT (#35980)
CBSA Metro Statistical Area: Norwich-New London, CT (#35980)
Financial Summary
Total assets: $41.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$27Total assets
$42,661Cash and due from depository institutions
$3,245Interest-bearing balances
$781Securities
$13,150Federal funds sold & reverse repurchase agreements
$1,445Net loans & leases
$23,593Loan loss allowance
$492Trading account assets
$0Bank premises and fixed assets
$673Other real estate owned
$159Goodwill and other intangibles
$396Life insurance assets
$0All other assets
$0Total liabilities and capital
$42,661Total liabilities
$38,368Total deposits
$38,286Interest-bearing deposits
$32,323Deposits held in domestic offices
38286.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$82Total equity capital
$82Total bank equity capital
$4,293Perpetual preferred stock
$0Common stock
$120Surplus
$480Undivided profits
Memoranda
$3,693Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$130Income earned, not collected on loans
$183Earning assets
$38,969Long-term assets (5+ years)
$14,965Average Assets, year-to-date
$39,484Average Assets, quarterly
$40,880Volatile liabilities
$663Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,230Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,206Total risk weighted assets
$21,242Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$3,017Total interest expense
$1,064Net interest income
$1,953Provision for loan and lease losses
$80Total noninterest income
$143Fiduciary activities
$0Service charges on deposit accounts
$110Trading account gains & fees
$0Additional noninterest income
$33Total noninterest expense
$1,437Salaries and employee benefits
$732Premises and equipment expense
$207Additional noninterest expense
$498Pre-tax net operating income
$579Securities gains (losses)
$23Applicable income taxes
$176Income before extraordinary items
$426Extraordinary gains - net
$0Net income attributable to bank
$426Net charge-offs
$23Cash dividends
$60Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.30%Cost of funding earning assets
2.93%Net interest margin
5.37%Noninterest income to earning assets
0.39%Noninterest expense to earning assets
3.95%Net operating income to assets
1.04%Return on assets (ROA)
1.08%Pretax return on assets
1.52%Return on equity (ROE)
10.60%Retained earnings to average equity (YTD only)
9.11%Net charge-offs to loans
0.10%Credit loss provision to net charge-offs
347.83%Efficiency ratio
68,559Assets per employee
1.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
14.08%Loss allowance to loans
2.04%Loss allowance to noncurrent loans
378.46%Noncurrent assets plus other real estate owned to assets
0.68%Noncurrent loans to loans
0.54%Net loans and leases to deposits
61.62%Net loans and leases to core deposits
62.71%Equity capital to assets
10.06%Core capital (leverage) ratio
10.15%Tier 1 risk-based capital ratio
19.80%Total risk-based capital ratio
Memoranda
$21Average assets
$39,484Average earning assets
$4,019Average equity
$36,343Average loans

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