The Nashua Bank in Nashua, New Hampshire (NH)



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The Nashua Bank
GeneralFDIC Certificate #: 58627
Status: Active
Federal Reserve ID: 3637993
Date Established: October 01, 2007
WWW: http://www.thenashuabank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 459464
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: October 01, 2007
Last Structure Change Effective Date: October 01, 2007
Last Structure Change Process Date: October 01, 2007
Last Data Update: October 01, 2007
Data Source Date: April 05, 2012
LocationAddress: 188 Main Street, Nashua, NH 3060
County: Hillsborough
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
Metropolitan Statistical Area (MSA): Nashua, NH (#5350)
Consolidated Metropolitan Statistical Area (CMSA): Boston-Worcester-Lawrence, MA-NH-ME-CT (#7)
Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
Core Based Statistical Area (CBSA): Manchester-Nashua, NH (#31700)
CBSA Metro Statistical Area: Manchester-Nashua, NH (#31700)
History of ChangesChange in Geographic Region/Area/Territory/Field Office
New Institution
Financial SummaryTotal assets: $115.5 mil
Equity capital: $16.2 mil
Deposits held in domestic offices: $97.1 mil
Return on assets (ROA): 0.21% ($0.2 mil)
Quarterly return on assets: 0.22% ($0.3 mil)
Return on Equity (ROE): 1.72% ($0.3 mil)
Quarterly return on equity: 1.61% ($0.3 mil)
Net income: $0.2 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.39% ($450.5 mil)
Quarterly Pretax return on assets: 0.56% ($646.9 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)22
Total assets$115,524
Cash and due from depository institutions$3,421
Interest-bearing balances$2,225
Securities$31,217
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$78,889
Loan loss allowance $1,046
Trading account assets$0
Bank premises and fixed assets$985
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,012
Life insurance assets$115,524
Total liabilities and capital$99,347
Total liabilities$97,094
Total deposits$89,447
Interest-bearing deposits$97,094
Deposits held in domestic offices$83
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,908
Other borrowed funds $0
Subordinated debt $345
All other liabilities $16,177
Total equity capital$16,177
Total bank equity capital$16,177
Perpetual preferred stock$3,000
Common stock$1,261
Surplus$12,270
Undivided profits $-354
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,803
Earning assets $99
Long-term assets (5+ years) $360
Average Assets, year-to-date $112,331
Average Assets, quarterly $51,516
Volatile liabilities $113,703
Insider loans $115,596
FHLB advances $71,413
Loans and leases held for sale $115,595
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $15,328
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $9,444
Derivatives$1,350
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,074
Total interest expense $1,005
Net interest income $4,069
Provision for loan and lease losses $235
Total noninterest income $63
Fiduciary activities $0
Service charges on deposit accounts $44
Trading account gains & fees $0
Additional noninterest income $19
Total noninterest expense $3,457
Salaries and employee benefits $1,698
Premises and equipment expense $343
Additional noninterest expense $1,416
Pre-tax net operating income $440
Securities gains (losses) $1
Applicable income taxes $200
Income before extraordinary items $241
Extraordinary gains - net $0
Net income attributable to bank $241
Net charge-offs $0
Cash dividends $241
Sale, conversion, retirement of capital stock, net $32
Net operating income $9
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.61%
Cost of funding earning assets 0.91%
Net interest margin 3.69%
Noninterest income to earning assets 0.06%
Noninterest expense to earning assets 3.14%
Net operating income to assets 0.21%
Return on assets (ROA) 0.21%
Pretax return on assets 0.39%
Return on equity (ROE) 1.72%
Retained earnings to average equity (YTD only) 1.66%
Net charge-offs to loans 0.05%
Credit loss provision to net charge-offs 734.38%
Efficiency ratio21.09%
Assets per employee$83,664
Cash dividends to net income (YTD only)5.25%
Condition Ratios (%)
Loss allowance to loans 3.73%
Loss allowance to noncurrent loans 1.31%
Noncurrent assets plus other real estate owned to assets 58.01%
Noncurrent loans to loans 1.56%
Net loans and leases to deposits2.26%
Net loans and leases to core deposits 81.25%
Equity capital to assets 95.89%
Core capital (leverage) ratio 14.00%
Tier 1 risk-based capital ratio 13.26%
Total risk-based capital ratio 21.46%
Memoranda
Average assets$23
Average earning assets$113,703
Average equity $14,015
Average loans $110,164
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1 New Hampshire Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0459464The Nashua Bank188 Main Street, Nashua, NH 3060October 01, 2007Full Service Brick and Mortar
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