The Monadnock Bank in Jaffrey, New Hampshire (NH)



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The Monadnock Bank
GeneralFDIC Certificate #: 6219
Status: Inactive
Closing history: Consolidated - Without Assistance
Acquiring institution: CFX Bank (#17991)
Federal Reserve ID: 556208
Date Established: August 06, 1865
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Interstate: No)
FDIC's unique #: 4194
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: July 12, 1993
Last Structure Change Process Date: August 10, 1993
Last Data Update: August 10, 1993
Data Source Date: April 05, 2012
LocationAddress: 87 Main Street, Jaffrey, NH 3452
County: Cheshire
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): Keene, NH (#28300)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $134.4 mil
Assets and Liabilities (December 31, 1992)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$53
Cash and due from depository institutions$136,397
Interest-bearing balances$4,089
Securities$0
Federal funds sold & reverse repurchase agreements$21,572
Net loans & leases$1,150
Loan loss allowance $97,328
Trading account assets$2,199
Bank premises and fixed assets$2,001
Other real estate owned$3,123
Goodwill and other intangibles$3,258
All other assets$813
Life insurance assets$3,063
Total liabilities and capital$0
Total liabilities$136,397
Total deposits$124,318
Interest-bearing deposits$121,748
Deposits held in domestic offices$110,307
% insured (estimated)121748.00%
Federal funds purchased & repurchase agreements $96
Trading liabilities$747
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$1,823
Total bank equity capital$1,823
Perpetual preferred stock$12,079
Common stock$0
Surplus$100
Undivided profits $7,308
Memoranda
Noncurrent loans and leases $4,671
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,849
Earning assets $601
Long-term assets (5+ years) $122,051
Average Assets, year-to-date $9,356
Average Assets, quarterly $144,294
Volatile liabilities $137,081
Insider loans $6,097
FHLB advances $170
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $7,710
Tier 2 risk-based capital $0
Total risk weighted assets $11,266
Total unused commitments $87,118
Restructured Loans and leases $0
Derivatives$0
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Income and Expense (December 31, 1992)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $11,521
Net interest income $5,486
Provision for loan and lease losses $6,035
Total noninterest income $920
Fiduciary activities $804
Service charges on deposit accounts $0
Trading account gains & fees $484
Additional noninterest income $22
Total noninterest expense $298
Salaries and employee benefits $5,944
Premises and equipment expense $2,316
Additional noninterest expense $765
Pre-tax net operating income $2,863
Securities gains (losses) -$25
Applicable income taxes $183
Income before extraordinary items $145
Extraordinary gains - net $13
Net income attributable to bank $0
Net charge-offs $13
Cash dividends $610
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 1992)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 8.93%
Net interest margin 4.25%
Noninterest income to earning assets 4.68%
Noninterest expense to earning assets 0.62%
Net operating income to assets 4.61%
Return on assets (ROA) -0.07%
Pretax return on assets 0.01%
Return on equity (ROE) 0.11%
Retained earnings to average equity (YTD only) 0.11%
Net charge-offs to loans 0.11%
Credit loss provision to net charge-offs 0.59%
Efficiency ratio150.82%
Assets per employee$85,436
Cash dividends to net income (YTD only)2.57%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.21%
Noncurrent assets plus other real estate owned to assets 77.18%
Noncurrent loans to loans 4.48%
Net loans and leases to deposits2.86%
Net loans and leases to core deposits 79.94%
Equity capital to assets 83.62%
Core capital (leverage) ratio 8.86%
Tier 1 risk-based capital ratio 8.17%
Total risk-based capital ratio 12.93%
Memoranda
Average assets$14
Average earning assets$144,294
Average equity $12,046
Average loans $129,021
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