Vitals
  • Total Assets
    729.0M 2.2 %
  • Total Deposits
    586.4M 2.9 %
  • Total Net Loans
    555.6M 3.1 %
  • Net Income
    3.8M 47.9 %
  • Book Value
    75.0M 8.2 %
  • Book Value x2
    149.9M 8.2 %
  • Book Value x3
    224.9M 8.2 %
ROAA

.689

ROAE

6.845

Efficiency Ratio

67.074

Net Interest Margin

3.434

Balance Sheet Highlights
Financial Highlights New England Bank All Insured Commercial Banks in Connecticut
Balance Sheet $(000)
Total Assets 728,970 401,375
Total Net Loans 555,564 247,203
Total Deposits 586,423 334,589
Total Equity 74,952 38,892
Profitability
Net Income 3,751 1,967
Return on Average Assets .689 -.467
Return on Average Equity 6.845 -2.602
Net Interest Margin 3.434 3.422
Efficiency Ratio 67.074 88.874
Noninterest Income/Revenue 7.57 17.853
Balance Sheet Ratios
Loan-to-Deposit 94.738 76.199
Securities/Assets .073 .161
Total Equity/Total Assets .103 .097
Tangible Equity/Tangible Assets .079 .09
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 56,816 35,447
Tier 2 Capital 5,593 3,055
Total Capital 62,409 38,502
Total Risk Weighted Assets 540,480 251,611
Leverage Ratio 7.98 8.936
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 10.51 14.206
Total Capital Ratio 11.55 15.422

Timeline for New England Bank

United Bank

New England Bank was acquired by United Bank 11 years

View Profile Nov 17 2012

70 Horizon Drive Llc

70 Horizon Drive Llc became a new subsidiary organization for New England Bank.

View Profile Apr 20 2010

The Apple Valley Bank & Trust Company

Acquisition: New England Bank acquired a new subsidiary, The Apple Valley Bank & Trust Company, 14 years

View Profile Jun 09 2009

Enfield Federal Savings And Loan Association

Acquisition: New England Bank acquired a new subsidiary, Enfield Federal Savings And Loan Association, 15 years

View Profile May 01 2009

Vb Reo Llc

Vb Reo Llc became a new subsidiary organization for New England Bank.

View Profile Jan 27 2009

Want to see more?

Complete timeline for New England Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
United Bank Buyer 2,463,958 Acquisition Discontinued 11/17/2012
The Apple Valley Bank & Trust Company Seller 84,568 Acquisition Discontinued 6/9/2009
Enfield Federal Savings And Loan Association Seller 325,784 Pooling of Interests Discontinued 5/1/2009
Relationships Role Relationship Start Relationship End
New England Bancshares, Inc. Parent 7/12/2007 11/16/2012
First Valley Bancorp Parent 7/1/2005 7/11/2007
Vb Reo Llc Subsidary 1/27/2009 11/16/2012
70 Horizon Drive Llc Subsidary 4/20/2010 7/14/2011
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