The Meriden Trust and Safe Deposit Company - Overview
General
FDIC Certificate #: 20442 Status: Inactive Closing history: Corrections Acquiring institution:New Meriden Trust and Safe Deposit Company, National Association (#33923) Federal Reserve ID: 240806 Date Established: April 03, 1889 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 14093 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: June 17, 1971 Last Structure Change Effective Date: July 07, 1994 Last Structure Change Process Date: July 14, 1994 Last Data Update: November 22, 1994 Data Source Date: April 05, 2012
Location
Address: 1295 East Main Street, Meriden, CT 6450 County: New Haven 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): New Haven-Meriden, CT (#5480) Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70) Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408) Core Based Statistical Area (CBSA): New Haven-Milford, CT (#35300) CBSA Metro Statistical Area: New Haven-Milford, CT (#35300)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $3.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1993)
Dollar figures in thousands
0Total employees (full-time equivalent)
$14Total assets
$3,345Cash and due from depository institutions
$9Interest-bearing balances
$0Securities
$2,986Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$14Other real estate owned
$0Goodwill and other intangibles
$336Life insurance assets
$0All other assets
$0Total liabilities and capital
$3,345Total liabilities
$422Total deposits
$0Interest-bearing deposits
$0Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$422Total equity capital
$422Total bank equity capital
$2,923Perpetual preferred stock
$0Common stock
$100Surplus
$600Undivided profits
Memoranda
$2,223Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$2,986Long-term assets (5+ years)
$0Average Assets, year-to-date
$3,244Average Assets, quarterly
$3,312Volatile liabilities
$0Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,923Total risk weighted assets
$1,444Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 1993)
Dollar figures in thousands
$0Total interest income
$122Total interest expense
$0Net interest income
$122Provision for loan and lease losses
$0Total noninterest income
$1,035Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$1,035Total noninterest expense
$992Salaries and employee benefits
$614Premises and equipment expense
$60Additional noninterest expense
$318Pre-tax net operating income
$165Securities gains (losses)
$98Applicable income taxes
$113Income before extraordinary items
$150Extraordinary gains - net
$0Net income attributable to bank
$150Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1993)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
4.36%Cost of funding earning assets
0.00%Net interest margin
4.36%Noninterest income to earning assets
36.97%Noninterest expense to earning assets
35.44%Net operating income to assets
2.69%Return on assets (ROA)
4.62%Pretax return on assets
8.11%Return on equity (ROE)
5.26%Retained earnings to average equity (YTD only)
5.26%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
85,739Assets per employee
0.24%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
87.38%Core capital (leverage) ratio
88.87%Tier 1 risk-based capital ratio
202.45%Total risk-based capital ratio
Memoranda
$202Average assets
$3,244Average earning assets
$2,852Average equity
$2,799Average loans
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