FDIC Certificate #: 6233 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Passumpsic Savings Bank (#14134) Federal Reserve ID: 180201 Date Established: January 01, 1881 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 10891 FDIC's unique #: 4204 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: July 12, 2008 Last Structure Change Process Date: July 16, 2008 Last Data Update: July 16, 2008 Data Source Date: April 05, 2012
Location
Address: 1 Middle Street, Lancaster, NH 3584 County: Coos Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York FDIC Field Office: Concord Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Core Based Statistical Area (CBSA): Berlin, NH-VT (#13620) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $50.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
24Total employees (full-time equivalent)
$54,786Total assets
$3,365Cash and due from depository institutions
$1,022Interest-bearing balances
$13,210Securities
$0Federal funds sold & reverse repurchase agreements
$35,426Net loans & leases
$457Loan loss allowance
$0Trading account assets
$2,026Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$759All other assets
$54,786Total liabilities and capital
$48,362Total liabilities
$45,378Total deposits
$37,790Interest-bearing deposits
$45,378Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,825Other borrowed funds
$0Subordinated debt
$159All other liabilities
$6,424Total equity capital
$6,424Total bank equity capital
$6,424Perpetual preferred stock
$0Common stock
$1,125Surplus
$225Undivided profits
Memoranda
$5,074Noncurrent loans and leases
$1,017Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$415Earning assets
$0Long-term assets (5+ years)
$219Average Assets, year-to-date
$49,658Average Assets, quarterly
$18,713Volatile liabilities
$55,446Insider loans
$54,910FHLB advances
$6,512Loans and leases held for sale
$129Unused loan commitments
$2,825Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,017Total unused commitments
$0Restructured Loans and leases
$375Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$3,267Total interest income
$1,061Total interest expense
$2,206Net interest income
$24Provision for loan and lease losses
$152Total noninterest income
$0Fiduciary activities
$69Service charges on deposit accounts
$0Trading account gains & fees
$83Additional noninterest income
$2,348Total noninterest expense
$1,032Salaries and employee benefits
$432Premises and equipment expense
$884Additional noninterest expense
-$14Pre-tax net operating income
$39Securities gains (losses)
-$8Applicable income taxes
$33Income before extraordinary items
$0Extraordinary gains - net
$33Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$7Sale, conversion, retirement of capital stock, net
$78Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.48%Yield on earning assets
2.11%Cost of funding earning assets
4.38%Net interest margin
0.30%Noninterest income to earning assets
4.66%Noninterest expense to earning assets
-0.01%Net operating income to assets
0.06%Return on assets (ROA)
0.05%Pretax return on assets
0.52%Return on equity (ROE)
-0.71%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
342.86%Credit loss provision to net charge-offs
1.43%Efficiency ratio
99,576Assets per employee
2.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
236.36%Loss allowance to loans
1.27%Loss allowance to noncurrent loans
110.12%Noncurrent assets plus other real estate owned to assets
0.76%Noncurrent loans to loans
1.16%Net loans and leases to deposits
78.07%Net loans and leases to core deposits
84.97%Equity capital to assets
11.73%Core capital (leverage) ratio
11.39%Tier 1 risk-based capital ratio
21.17%Total risk-based capital ratio
Memoranda
$22Average assets
$55,446Average earning assets
$6,339Average equity
$50,380Average loans
Total Fiduciary and Related Assets (December 31, 2007)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$1,039Managed 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
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$1,039Other retirement accounts
$0Corporate trust and agency accounts
$1,039Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
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