First City Bank
New Britain, CT — Non-member Bank
Acquired Dec 2004
Vitals
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Total Assets185.6M -3.2 %
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Total Deposits166.7M -5.9 %
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Total Net Loans99.9M 2.1 %
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Net Income1.2M -23.5 %
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Book Value14.5M 8.9 %
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Book Value x229.0M 8.9 %
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Book Value x343.5M 8.9 %
Balance Sheet Highlights
Financial Highlights | First City Bank | All Insured Commercial Banks in Connecticut |
Balance Sheet $(000) | ||
Total Assets | 185,618 | 326,006 |
Total Net Loans | 99,936 | 141,766 |
Total Deposits | 166,716 | 224,642 |
Total Equity | 14,495 | 54,186 |
Profitability | ||
Net Income | 1,220 | 11,285 |
Return on Average Assets | .87 | 1.303 |
Return on Average Equity | 11.808 | 12.797 |
Net Interest Margin | 4.086 | 3.772 |
Efficiency Ratio | 64.729 | 72.76 |
Noninterest Income/Revenue | 4.013 | 41.28 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 59.944 | 75.246 |
Securities/Assets | .384 | .475 |
Total Equity/Total Assets | .078 | .166 |
Tangible Equity/Tangible Assets | .078 | -.956 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 14,578 | 29,669 |
Tier 2 Capital | 1,370 | 1,313 |
Total Capital | 15,948 | 30,965 |
Total Risk Weighted Assets | 109,542 | 158,589 |
Leverage Ratio | 7.77 | 10.616 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 13.31 | 17.032 |
Total Capital Ratio | 14.56 | 18.148 |
Timeline for First City Bank
Webster Bank, National Association
First City Bank was acquired by Webster Bank, National Association 19 years
View Profile Dec 04 2004First City Bank
First City Bank was established 34 years ago and is currently headquartered in New Britain, CT.
Dec 07 1989Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Webster Bank, National Association | Buyer | 25,621,913 | Acquisition | Discontinued | 12/4/2004 |
Relationships | Role | Relationship Start | Relationship End |
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