Vermont Federal National Bank in Exeter, New Hampshire (NH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 22, 1997

  • Vermont Federal National Bank in Exeter, New Hampshire (NH)
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Vermont Federal National Bank - Overview

  • General
  • FDIC Certificate #: 29649
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Vermont National Bank (#6265)
    Federal Reserve ID: 462372
    Date Established: March 13, 1936
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 12 (Interstate: No)
    OTS Docket #: 3822
    FDIC's unique #: 42483
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: March 13, 1936
    Last Structure Change Effective Date: September 22, 1997
    Last Structure Change Process Date: October 03, 1997
    Last Data Update: March 14, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: One Center Street, Exeter, NH 3833
    County: Rockingham
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Springfield Ma
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Portsmouth-Rochester, NH-ME (#6450)
    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): Boston-Cambridge-Quincy, MA-NH (#14460)
    CBSA Metro Statistical Area: Boston-Cambridge-Quincy, MA-NH (#14460)
    Core Based Statistical Division: Rockingham County-Strafford County, NH (#40484)
  • History of Changes
  • Merger - Without Assistance
    Institution Becomes a Member of FRS (Federal Reserve System)
    Change in Entity Type
    Corrections
  • Financial Summary
  • Total assets: $809.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $433Total assets
  • $862,613Cash and due from depository institutions
  • $36,064Interest-bearing balances
  • $5,448Securities
  • $285,510Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $493,948Loan loss allowance
  • $4,311Trading account assets
  • $0Bank premises and fixed assets
  • $17,151Other real estate owned
  • $4,951Goodwill and other intangibles
  • $18,845Life insurance assets
  • $6,144All other assets
  • $0Total liabilities and capital
  • $862,613Total liabilities
  • $800,847Total deposits
  • $629,571Interest-bearing deposits
  • $574,859Deposits held in domestic offices
  • 629571.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $169,021Subordinated debt
  • $0All other liabilities
  • $2,255Total equity capital
  • $2,255Total bank equity capital
  • $61,766Perpetual preferred stock
  • $0Common stock
  • $113Surplus
  • $21,280Undivided profits
  • Memoranda
  • $40,373Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,578Income earned, not collected on loans
  • $2,821Earning assets
  • $784,906Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $844,046Average Assets, quarterly
  • $863,516Volatile liabilities
  • $229,857Insider loans
  • $425FHLB advances
  • $168,780Loans and leases held for sale
  • $0Unused loan commitments
  • $87,615Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $58,060Total risk weighted assets
  • $486,376Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $60,907Total interest expense
  • $32,028Net interest income
  • $28,879Provision for loan and lease losses
  • $605Total noninterest income
  • $10,066Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $10,066Total noninterest expense
  • $33,333Salaries and employee benefits
  • $11,647Premises and equipment expense
  • $6,383Additional noninterest expense
  • $15,303Pre-tax net operating income
  • $5,007Securities gains (losses)
  • $2,033Applicable income taxes
  • $2,584Income before extraordinary items
  • $4,456Extraordinary gains - net
  • $0Net income attributable to bank
  • $4,456Net charge-offs
  • $3,357Cash dividends
  • $2,730Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.01%Cost of funding earning assets
  • 4.21%Net interest margin
  • 3.80%Noninterest income to earning assets
  • 1.32%Noninterest expense to earning assets
  • 4.38%Net operating income to assets
  • 0.37%Return on assets (ROA)
  • 0.53%Pretax return on assets
  • 0.83%Return on equity (ROE)
  • 7.33%Retained earnings to average equity (YTD only)
  • 2.84%Net charge-offs to loans
  • 0.70%Credit loss provision to net charge-offs
  • 18.02%Efficiency ratio
  • 84,612Assets per employee
  • 1.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 61.27%Loss allowance to loans
  • 0.87%Loss allowance to noncurrent loans
  • 44.19%Noncurrent assets plus other real estate owned to assets
  • 1.34%Noncurrent loans to loans
  • 1.32%Net loans and leases to deposits
  • 78.46%Net loans and leases to core deposits
  • 86.85%Equity capital to assets
  • 7.16%Core capital (leverage) ratio
  • 6.76%Tier 1 risk-based capital ratio
  • 11.94%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $844,046Average earning assets
  • $60,814Average equity
  • $760,799Average loans

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