American Savings Bank
New Britain, CT — Domestic Branch of a Domestic Bank
Acquired Feb 2003
Vitals
-
Total Assets2.8B
-
Total Deposits2.0B
-
Total Net Loans1.5B
-
Net Income32.7M
-
Book Value386.7M
-
Book Value x2773.4M
-
Book Value x31.2B
Balance Sheet Highlights
Financial Highlights | American Savings Bank | All Insured Savings Banks in Connecticut |
Balance Sheet $(000) | ||
Total Assets | 2,792,550 | 829,338 |
Total Net Loans | 1,483,701 | 501,866 |
Total Deposits | 1,980,840 | 640,605 |
Total Equity | 386,683 | 93,840 |
Profitability | ||
Net Income | 32,683 | 8,452 |
Return on Average Assets | 1.191 | .897 |
Return on Average Equity | 8.728 | 8.807 |
Net Interest Margin | 3.169 | 3.782 |
Efficiency Ratio | 51.722 | 64.234 |
Noninterest Income/Revenue | 7.992 | 10.582 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 74.903 | 79.773 |
Securities/Assets | .31 | .306 |
Total Equity/Total Assets | .138 | .113 |
Tangible Equity/Tangible Assets | .105 | .074 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 254,685 | 81,839 |
Tier 2 Capital | 31,070 | 6,416 |
Total Capital | 285,755 | 88,255 |
Total Risk Weighted Assets | 1,614,348 | 520,303 |
Leverage Ratio | 9.57 | 9.945 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 15.78 | 16.092 |
Total Capital Ratio | 17.7 | 17.349 |
Timeline for American Savings Bank
Td Bank, National Association
American Savings Bank was acquired by Td Bank, National Association 21 years
View Profile Feb 15 2003American Bank Of Connecticut
Acquisition: American Savings Bank acquired a new subsidiary, American Bank Of Connecticut, 22 years
View Profile Jan 22 2002American Investment Services, Inc.
American Investment Services, Inc. became a new subsidiary organization for American Savings Bank.
View Profile Dec 09 1997American Savings Bank
American Savings Bank was established 161 years ago and is currently headquartered in New Britain, CT.
Jun 28 1862Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Td Bank, National Association | Buyer | 264,527,851 | Acquisition | Discontinued | 2/15/2003 |
American Bank Of Connecticut | Seller | 925,454 | Acquisition | Discontinued | 1/22/2002 |
Relationships | Role | Relationship Start | Relationship End |
American Investment Services, Inc. | Subsidary | 12/9/1997 | 2/14/2003 |
Similar Organizations
Organization | City | State | Total Assets |
---|---|---|---|
Tbk Bank, Ssb
|
Dallas | TX | 2.5B |
Farmington Bank
|
Farmington | CT | 2.8B |
Institution For Savings In Newburyport And Its Vicinity
|
Newburyport | MA | 2.7B |
Beal Bank, Ssb
|
Plano | TX | 2.4B |
Firstrust Savings Bank
|
Conshohocken | PA | 3.0B |
Union Savings Bank
|
Danbury | CT | 2.2B |
The Cape Cod Five Cents Savings Bank
|
Harwich Port | MA | 3.0B |
Cambridge Savings Bank
|
Cambridge | MA | 3.5B |
Harborone Bank
|
Brockton | MA | 2.3B |
Blue Hills Bank
|
Boston | MA | 2.3B |