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

  • Jewett City Savings Bank in Jewett City, Connecticut (CT)
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Jewett City Savings Bank - Overview

  • General
  • FDIC Certificate #: 18237
    Status: Active
    Federal Reserve ID: 820301
    Date Established: June 23, 1873
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 8429
    FDIC's unique #: 12153
    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: July 01, 1960
    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: 111 Main Street, Jewett City, CT 6351
    County: New London
    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
    Core Based Statistical Area (CBSA): Norwich-New London, CT (#35980)
    CBSA Metro Statistical Area: Norwich-New London, CT (#35980)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $242.4 mil
    Equity capital: $38.6 mil
    Deposits held in domestic offices: $197.0 mil
    Return on assets (ROA): 0.32% ($0.8 mil)
    Quarterly return on assets: 0.16% ($0.4 mil)
    Return on Equity (ROE): 2.01% ($0.8 mil)
    Quarterly return on equity: 1.01% ($0.4 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.46% ($1,114.8 mil)
    Quarterly Pretax return on assets: 0.15% ($363.5 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
  • 66Total employees (full-time equivalent)
  • $242,355Total assets
  • $25,642Cash and due from depository institutions
  • $21,972Interest-bearing balances
  • $50,503Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $155,337Net loans & leases
  • $2,191Loan loss allowance
  • $0Trading account assets
  • $4,973Bank premises and fixed assets
  • $721Other real estate owned
  • $1,813Goodwill and other intangibles
  • $242,355Life insurance assets
  • $3,366All other assets
  • $203,780Total liabilities and capital
  • $196,966Total liabilities
  • $173,774Total deposits
  • $196,966Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,500Trading liabilities
  • $0Other borrowed funds
  • $1,314Subordinated debt
  • $38,575All other liabilities
  • $38,575Total equity capital
  • $38,575Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $533Surplus
  • $38,042Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,686Income earned, not collected on loans
  • $0Earning assets
  • $752Long-term assets (5+ years)
  • $227,812Average Assets, year-to-date
  • $122,447Average Assets, quarterly
  • $242,108Volatile liabilities
  • $241,766Insider loans
  • $131,254FHLB advances
  • $241,481Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $35,928Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,602Restructured Loans and leases
  • $170Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,759Total interest income
  • $2,352Total interest expense
  • $8,407Net interest income
  • $859Provision for loan and lease losses
  • $1,417Total noninterest income
  • $0Fiduciary activities
  • $696Service charges on deposit accounts
  • $0Trading account gains & fees
  • $721Additional noninterest income
  • $7,953Total noninterest expense
  • $4,206Salaries and employee benefits
  • $1,091Premises and equipment expense
  • $2,656Additional noninterest expense
  • $1,012Pre-tax net operating income
  • $91Securities gains (losses)
  • $334Applicable income taxes
  • $769Income before extraordinary items
  • $0Extraordinary gains - net
  • $769Net income attributable to bank
  • $0Net charge-offs
  • $769Cash dividends
  • $293Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.73%Yield on earning assets
  • 1.03%Cost of funding earning assets
  • 3.69%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 3.49%Noninterest expense to earning assets
  • 0.29%Net operating income to assets
  • 0.32%Return on assets (ROA)
  • 0.46%Pretax return on assets
  • 2.01%Return on equity (ROE)
  • 2.01%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 293.17%Credit loss provision to net charge-offs
  • 6.39%Efficiency ratio
  • 80,894Assets per employee
  • 3.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 46.76%Noncurrent assets plus other real estate owned to assets
  • 2.23%Noncurrent loans to loans
  • 2.97%Net loans and leases to deposits
  • 78.86%Net loans and leases to core deposits
  • 82.54%Equity capital to assets
  • 15.92%Core capital (leverage) ratio
  • 14.88%Tier 1 risk-based capital ratio
  • 27.37%Total risk-based capital ratio
  • Memoranda
  • $29Average assets
  • $242,108Average earning assets
  • $38,290Average equity
  • $227,630Average loans

List of branches

  • 5 Connecticut Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012153Jewett City Savings Bank111 Main Street, Jewett City, CT 6351June 23, 1873Full Service Brick and Mortar
    1244405Savings Bank Mall Branch32 Norwich Road, Central Village, CT 6332April 29, 1972Full Service Brick and Mortar
    2244406Brooklyn Branch488 Providence Road, Brooklyn, CT 6234July 29, 1974Full Service Brick and Mortar
    5462798Dayville Branch560 Hartford Pike, Dayville, CT 6241May 01, 2007Full Service Brick and Mortar
    6482384Preston Branch353 Route 165, Preston, CT 6365November 13, 2008Full Service Brick and Mortar

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