Village Bank & Trust Company in Gilford, New Hampshire (NH)



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Village Bank & Trust Company
GeneralFDIC Certificate #: 23675
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Laconia Savings Bank (#18012)
Federal Reserve ID: 251008
Date Established: Febuary 16, 1982
WWW: http://www.vbtnh.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 10903
FDIC's unique #: 16564
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: Febuary 16, 1982
Last Structure Change Effective Date: October 01, 2005
Last Structure Change Process Date: October 19, 2005
Last Data Update: October 19, 2005
Data Source Date: April 05, 2012
LocationAddress: One Country Club Road, Gilford, NH 3246
County: Belknap
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
Combined Statistical Area (CSA): Boston-Worcester-Manchester, MA-RI-NH (#148)
Core Based Statistical Area (CBSA): Laconia, NH (#29060)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $77.1 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, 2004)
(Dollar figures in thousands)
Total employees (full-time equivalent)24
Total assets$77,460
Cash and due from depository institutions$4,604
Interest-bearing balances$1,663
Securities$24,114
Federal funds sold & reverse repurchase agreements$6,240
Net loans & leases$38,981
Loan loss allowance $422
Trading account assets$0
Bank premises and fixed assets$363
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$3,158
Life insurance assets$0
Total liabilities and capital$77,460
Total liabilities$68,779
Total deposits$67,662
Interest-bearing deposits$58,481
Deposits held in domestic offices$67,662
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $225
Subordinated debt $0
All other liabilities $892
Total equity capital$8,681
Total bank equity capital$8,681
Perpetual preferred stock$8,681
Common stock$0
Surplus$500
Undivided profits $1,331
Memoranda
Noncurrent loans and leases $6,850
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $5,507
Income earned, not collected on loans $0
Earning assets $187
Long-term assets (5+ years) $0
Average Assets, year-to-date $317
Average Assets, quarterly $70,998
Volatile liabilities $3,491
Insider loans $80,058
FHLB advances $81,878
Loans and leases held for sale $3,963
Unused loan commitments $21
Tier 1 (core) risk-based capital $225
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $5,507
Restructured Loans and leases $0
Derivatives$422
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Income and Expense (December 31, 2004)
(Dollar figures in thousands)
Total interest income $3,286
Total interest expense $300
Net interest income $2,986
Provision for loan and lease losses $25
Total noninterest income $411
Fiduciary activities $0
Service charges on deposit accounts $186
Trading account gains & fees $0
Additional noninterest income $225
Total noninterest expense $2,514
Salaries and employee benefits $1,543
Premises and equipment expense $188
Additional noninterest expense $783
Pre-tax net operating income $858
Securities gains (losses) $0
Applicable income taxes $130
Income before extraordinary items $728
Extraordinary gains - net $0
Net income attributable to bank $728
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $39
Net operating income $289
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Performance and Condition Ratios (December 31, 2004)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.50%
Cost of funding earning assets 0.41%
Net interest margin 4.09%
Noninterest income to earning assets 0.56%
Noninterest expense to earning assets 3.45%
Net operating income to assets 0.91%
Return on assets (ROA) 0.91%
Pretax return on assets 1.07%
Return on equity (ROE) 8.61%
Retained earnings to average equity (YTD only) 5.19%
Net charge-offs to loans 0.10%
Credit loss provision to net charge-offs 64.10%
Efficiency ratio22.64%
Assets per employee$74,006
Cash dividends to net income (YTD only)3.23%
Condition Ratios (%)
Loss allowance to loans 39.70%
Loss allowance to noncurrent loans 1.07%
Noncurrent assets plus other real estate owned to assets 225.67%
Noncurrent loans to loans 0.24%
Net loans and leases to deposits0.47%
Net loans and leases to core deposits 57.61%
Equity capital to assets 61.20%
Core capital (leverage) ratio 11.21%
Tier 1 risk-based capital ratio 10.84%
Total risk-based capital ratio 19.91%
Memoranda
Average assets$21
Average earning assets$80,058
Average equity $8,459
Average loans $72,961
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