Vitals
  • Total Assets
    2.0B 27.8 %
  • Total Deposits
    1.5B 28.9 %
  • Total Net Loans
    1.4B 38.1 %
  • Net Income
    11.5M -26.4 %
  • Book Value
    424.8M 40.3 %
  • Book Value x2
    849.5M 40.3 %
  • Book Value x3
    1.3B 40.3 %
ROAA

.634

ROAE

2.718

Efficiency Ratio

70.368

Net Interest Margin

4.033

Balance Sheet Highlights
Financial Highlights Ocean Bank All Insured Savings Banks in New Hampshire
Balance Sheet $(000)
Total Assets 2,010,973 391,238
Total Net Loans 1,422,666 287,079
Total Deposits 1,526,424 300,837
Total Equity 424,770 44,926
Profitability
Net Income 11,545 2,060
Return on Average Assets .634 .523
Return on Average Equity 2.718 4.681
Net Interest Margin 4.033 3.402
Efficiency Ratio 70.368 81.399
Noninterest Income/Revenue 9.311 11.473
Balance Sheet Ratios
Loan-to-Deposit 93.203 95.102
Securities/Assets .098 .157
Total Equity/Total Assets .211 .115
Tangible Equity/Tangible Assets .072 .083
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 144,878 40,249
Tier 2 Capital 17,955 3,147
Total Capital 162,833 43,397
Total Risk Weighted Assets 1,434,767 265,090
Leverage Ratio 9.4 11.478
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 10.1 18.089
Total Capital Ratio 11.35 19.173

Timeline for Ocean Bank

People's United Bank, National Association

Ocean Bank was acquired by People's United Bank, National Association 15 years

View Profile Jan 01 2009

People's United Bank, National Association

People's United Bank, National Association became a new parent organization for Ocean Bank.

View Profile Jan 01 2008

Community Bank And Trust Company

Acquisition: Ocean Bank acquired a new subsidiary, Community Bank And Trust Company, 16 years

View Profile Nov 01 2007

Granite Bank

Acquisition: Ocean Bank acquired a new subsidiary, Granite Bank, 20 years

View Profile May 29 2004

Chittenden Corporation

Chittenden Corporation became a new parent organization for Ocean Bank.

View Profile Feb 28 2002

Want to see more?

Complete timeline for Ocean Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
People's United Bank, National Association Buyer 40,278,972 Discontinued 1/1/2009
Community Bank And Trust Company Seller 398,711 Acquisition Discontinued 11/1/2007
Granite Bank Seller 1,038,474 Pooling of Interests Discontinued 5/29/2004
Relationships Role Relationship Start Relationship End
People's United Bank, National Association Parent 1/1/2008 12/31/2008
Chittenden Corporation Parent 2/28/2002 12/31/2007
Ocean National Corporation Parent 2/4/1985 2/27/2002
Onb Realty Corp. Subsidary 2/4/1985 1/24/2002
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