Essex Savings Bank in city_name, state_name - Detailed Financial Reports, Location

Essex Savings Bank in Essex, Connecticut (CT)
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Essex Savings Bank routing number info

Essex Savings Bank - Overview

General
FDIC Certificate #: 17262
Status: Active
Federal Reserve ID: 961400
Date Established: August 06, 1851
WWW: http://www.essexsavings.com
Trust Powers Granted: Yes
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 13145
FDIC's unique #: 11285
Numeric code: 42
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: October 02, 1953
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 35 Plains Road, Essex, CT 6426
County: Middlesex
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: New York
FDIC Field Office: Hartford
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Northeast
Combined Statistical Area (CSA): Hartford-West Hartford-Willimantic, CT (#278)
Core Based Statistical Area (CBSA): Hartford-West Hartford-East Hartford, CT (#25540)
CBSA Metro Statistical Area: Hartford-West Hartford-East Hartford, CT (#25540)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $299.2 mil
Equity capital: $36.9 mil
Deposits held in domestic offices: $236.1 mil
Return on assets (ROA): 0.66% ($2.0 mil)
Quarterly return on assets: 0.63% ($1.9 mil)
Return on Equity (ROE): 5.42% ($2.0 mil)
Quarterly return on equity: 5.11% ($1.9 mil)
Net income: $2.0 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 1.14% ($3,410.6 mil)
Quarterly Pretax return on assets: 1.10% ($3,291.0 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, 2011)

Dollar figures in thousands
116Total employees (full-time equivalent)
$299,179Total assets
$56,907Cash and due from depository institutions
$53,226Interest-bearing balances
$6,347Securities
$0Federal funds sold & reverse repurchase agreements
$218,945Net loans & leases
$2,042Loan loss allowance
$0Trading account assets
$7,741Bank premises and fixed assets
$327Other real estate owned
$0Goodwill and other intangibles
$299,179Life insurance assets
$8,912All other assets
$261,924Total liabilities and capital
$236,103Total liabilities
$189,407Total deposits
$236,103Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$19,259Trading liabilities
$0Other borrowed funds
$6,562Subordinated debt
$37,255All other liabilities
$36,913Total equity capital
$36,913Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$800Surplus
$36,113Undivided profits
Memoranda
$342Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$5,258Income earned, not collected on loans
$0Earning assets
$850Long-term assets (5+ years)
$278,518Average Assets, year-to-date
$145,988Average Assets, quarterly
$295,528Volatile liabilities
$298,318Insider loans
$166,751FHLB advances
$298,238Loans and leases held for sale
$1,159Unused loan commitments
$494Tier 1 (core) risk-based capital
$38,762Tier 2 risk-based capital
$665Total risk weighted assets
$0Total unused commitments
$32,058Restructured Loans and leases
$1,367Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$12,287Total interest income
$3,260Total interest expense
$9,027Net interest income
$120Provision for loan and lease losses
$16,912Total noninterest income
$1,044Fiduciary activities
$229Service charges on deposit accounts
$0Trading account gains & fees
$15,639Additional noninterest income
$22,445Total noninterest expense
$15,409Salaries and employee benefits
$1,458Premises and equipment expense
$5,578Additional noninterest expense
$3,374Pre-tax net operating income
$0Securities gains (losses)
$1,409Applicable income taxes
$1,965Income before extraordinary items
$0Extraordinary gains - net
$1,965Net income attributable to bank
$0Net charge-offs
$1,965Cash dividends
$171Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.48%Yield on earning assets
1.19%Cost of funding earning assets
3.29%Net interest margin
6.17%Noninterest income to earning assets
8.19%Noninterest expense to earning assets
0.66%Net operating income to assets
0.66%Return on assets (ROA)
1.14%Pretax return on assets
5.42%Return on equity (ROE)
5.42%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
70.18%Credit loss provision to net charge-offs
20.43%Efficiency ratio
86,530Assets per employee
2.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.92%Loss allowance to noncurrent loans
38.84%Noncurrent assets plus other real estate owned to assets
1.87%Noncurrent loans to loans
2.38%Net loans and leases to deposits
92.73%Net loans and leases to core deposits
94.97%Equity capital to assets
12.34%Core capital (leverage) ratio
13.00%Tier 1 risk-based capital ratio
23.25%Total risk-based capital ratio
Memoranda
$24Average assets
$295,528Average earning assets
$36,230Average equity
$274,172Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$180,020Managed Assets
1Number of Accounts
$175,716Personal trust and agency accounts
$161,304Employee benefit-defined contribution accounts
$6,681Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$7,731Fiduciary accounts held in foreign offices
$0Non-managed Assets
373Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$4,304Other retirement accounts
$4,304Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

5 Connecticut Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	11285	Essex Savings Bank	35 Plains Road, Essex, CT 6426	August 06, 1851	Full Service Brick and Mortar
1	241199	Old Saybrook Branch	155 Main Street, Old Saybrook, CT 6475	December 23, 1957	Full Service Brick and Mortar
2	241200	Old Lyme Branch	101 Halls Road, Old Lyme, CT 6371	July 10, 1976	Full Service Brick and Mortar
3	241201	Main Street Branch	9 Main Street, Essex, CT 6426	July 02, 1990	Full Service Brick and Mortar
4	499528	Madison Branch	99 Durham Road, Madison, CT 6443	December 14, 2009	Full Service Brick and Mortar

Essex Savings Bank in Essex, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

Essex Savings Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Essex Savings Bank in Essex, Connecticut (CT)Overview, Financial Summary, Detailed Financial Reports, Branches

Essex Savings Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Essex Savings Bank in Essex, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches