Tolland Bank in Vernon Rockville, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 2004

  • Tolland Bank in Vernon Rockville, Connecticut (CT)
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Tolland Bank - Overview

  • General
  • FDIC Certificate #: 18205
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: NewAlliance Bank (#18261)
    Federal Reserve ID: 61001
    Date Established: January 01, 1841
    WWW: http://www.newalliancebank.com
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 10 (Interstate: No)
    OTS Docket #: 7925
    FDIC's unique #: 12125
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 01, 1960
    Last Structure Change Effective Date: April 01, 2004
    Last Structure Change Process Date: April 16, 2004
    Last Data Update: April 16, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 348 Hartford Turnpike, Vernon Rockville, CT 6066
    County: Tolland
    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): Hartford, CT (#3280)
    Combined Statistical Area (CSA): Hartford-West Hartford-Willimantic, CT (#278)
    Core Based Statistical Area (CBSA): Hartford-West Hartford-East Hartford, CT (#25540)
    CBSA Metro Statistical Area: Hartford-West Hartford-East Hartford, CT (#25540)
  • Financial Summary
  • Total assets: $426.4 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, 2003)

  • Dollar figures in thousands
  • 112Total employees (full-time equivalent)
  • $436,678Total assets
  • $14,824Cash and due from depository institutions
  • $2Interest-bearing balances
  • $107,337Securities
  • $20,000Federal funds sold & reverse repurchase agreements
  • $273,576Net loans & leases
  • $4,175Loan loss allowance
  • $0Trading account assets
  • $6,365Bank premises and fixed assets
  • $0Other real estate owned
  • $49Goodwill and other intangibles
  • $0Life insurance assets
  • $14,527All other assets
  • $436,678Total liabilities and capital
  • $399,318Total liabilities
  • $339,279Total deposits
  • $303,026Interest-bearing deposits
  • $339,279Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $51,052Other borrowed funds
  • $0Subordinated debt
  • $8,987All other liabilities
  • $37,360Total equity capital
  • $37,360Total bank equity capital
  • $37,360Perpetual preferred stock
  • $0Common stock
  • $5,000Surplus
  • $12,713Undivided profits
  • Memoranda
  • $19,647Noncurrent loans and leases
  • $53,088Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $6,568Earning assets
  • $0Long-term assets (5+ years)
  • $2,038Average Assets, year-to-date
  • $400,915Average Assets, quarterly
  • $57,900Volatile liabilities
  • $424,862Insider loans
  • $430,183FHLB advances
  • $25,394Loans and leases held for sale
  • $1,696Unused loan commitments
  • $51,052Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,399Total risk weighted assets
  • $53,088Total unused commitments
  • $0Restructured Loans and leases
  • $3,699Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $22,134Total interest income
  • $8,639Total interest expense
  • $13,495Net interest income
  • $103Provision for loan and lease losses
  • $3,229Total noninterest income
  • $0Fiduciary activities
  • $972Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,257Additional noninterest income
  • $10,776Total noninterest expense
  • $6,458Salaries and employee benefits
  • $1,058Premises and equipment expense
  • $3,260Additional noninterest expense
  • $5,845Pre-tax net operating income
  • -$659Securities gains (losses)
  • $1,552Applicable income taxes
  • $3,634Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,634Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$22Sale, conversion, retirement of capital stock, net
  • $1,657Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.68%Yield on earning assets
  • 2.22%Cost of funding earning assets
  • 3.46%Net interest margin
  • 0.83%Noninterest income to earning assets
  • 2.76%Noninterest expense to earning assets
  • 0.96%Net operating income to assets
  • 0.86%Return on assets (ROA)
  • 1.22%Pretax return on assets
  • 10.37%Return on equity (ROE)
  • 5.64%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -468.18%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 64,434Assets per employee
  • 3.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 45.60%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 63.57%Noncurrent assets plus other real estate owned to assets
  • 1.50%Noncurrent loans to loans
  • 2.36%Net loans and leases to deposits
  • 80.63%Net loans and leases to core deposits
  • 86.74%Equity capital to assets
  • 8.56%Core capital (leverage) ratio
  • 8.57%Tier 1 risk-based capital ratio
  • 12.50%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $424,862Average earning assets
  • $35,060Average equity
  • $389,807Average loans

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