The Westport Bank and Trust Company in Westport, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 14, 1996

  • The Westport Bank and Trust Company in Westport, Connecticut (CT)
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The Westport Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 12075
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Lafayette American Bank (#19353)
    Federal Reserve ID: 716806
    Date Established: October 27, 1852
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Interstate: No)
    OTS Docket #: 12998
    FDIC's unique #: 7673
    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: December 14, 1996
    Last Structure Change Process Date: December 18, 1996
    Last Data Update: December 18, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 87 Post Road East, Westport, CT 6880
    County: Fairfield
    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): Stamford-Norwalk, CT (#8040)
    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): Bridgeport-Stamford-Norwalk, CT (#14860)
    CBSA Metro Statistical Area: Bridgeport-Stamford-Norwalk, CT (#14860)
  • Financial Summary
  • Total assets: $312.5 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)
  • $119Total assets
  • $312,621Cash and due from depository institutions
  • $23,884Interest-bearing balances
  • $15Securities
  • $85,338Federal funds sold & reverse repurchase agreements
  • $14,500Net loans & leases
  • $175,198Loan loss allowance
  • $2,854Trading account assets
  • $0Bank premises and fixed assets
  • $4,624Other real estate owned
  • $0Goodwill and other intangibles
  • $9,077Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $312,621Total liabilities
  • $288,729Total deposits
  • $274,670Interest-bearing deposits
  • $196,249Deposits held in domestic offices
  • 274670.00%% insured (estimated)
  • $74Federal funds purchased & repurchase agreements
  • $6,050Trading liabilities
  • $0Other borrowed funds
  • $2,109Subordinated debt
  • $0All other liabilities
  • $5,900Total equity capital
  • $5,900Total bank equity capital
  • $23,892Perpetual preferred stock
  • $0Common stock
  • $1,445Surplus
  • $17,006Undivided profits
  • Memoranda
  • $5,441Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,154Income earned, not collected on loans
  • $1,250Earning assets
  • $275,051Long-term assets (5+ years)
  • $34,329Average Assets, year-to-date
  • $292,027Average Assets, quarterly
  • $304,486Volatile liabilities
  • $45,813Insider loans
  • $511FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $38,674Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $23,476Total risk weighted assets
  • $197,229Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $20,704Total interest expense
  • $6,027Net interest income
  • $14,677Provision for loan and lease losses
  • $1,500Total noninterest income
  • $4,241Fiduciary activities
  • $1,880Service charges on deposit accounts
  • $1,344Trading account gains & fees
  • $0Additional noninterest income
  • $1,017Total noninterest expense
  • $11,237Salaries and employee benefits
  • $5,607Premises and equipment expense
  • $2,044Additional noninterest expense
  • $3,586Pre-tax net operating income
  • $6,181Securities gains (losses)
  • -$229Applicable income taxes
  • -$1,004Income before extraordinary items
  • $6,956Extraordinary gains - net
  • $0Net income attributable to bank
  • $6,956Net charge-offs
  • $1,987Cash dividends
  • $0Sale, 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
  • 7.94%Cost of funding earning assets
  • 2.31%Net interest margin
  • 5.63%Noninterest income to earning assets
  • 1.63%Noninterest expense to earning assets
  • 4.31%Net operating income to assets
  • 2.46%Return on assets (ROA)
  • 2.38%Pretax return on assets
  • 2.04%Return on equity (ROE)
  • 34.25%Retained earnings to average equity (YTD only)
  • 34.25%Net charge-offs to loans
  • 1.10%Credit loss provision to net charge-offs
  • 75.49%Efficiency ratio
  • 59,398Assets per employee
  • 2.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 132.50%Noncurrent assets plus other real estate owned to assets
  • 0.69%Noncurrent loans to loans
  • 1.21%Net loans and leases to deposits
  • 63.78%Net loans and leases to core deposits
  • 73.92%Equity capital to assets
  • 7.64%Core capital (leverage) ratio
  • 8.06%Tier 1 risk-based capital ratio
  • 11.90%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $292,027Average earning assets
  • $20,309Average equity
  • $260,646Average loans

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