Jewett City Savings Bank in Jewett City, Connecticut (CT)



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Jewett City Savings Bank routing number info

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Jewett City Savings Bank
GeneralFDIC Certificate #: 18237
Status: Active
Federal Reserve ID: 820301
Date Established: June 23, 1873
WWW: http://www.jcsbank.com
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)66
Total assets$242,355
Cash and due from depository institutions$25,642
Interest-bearing balances$21,972
Securities$50,503
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$155,337
Loan loss allowance $2,191
Trading account assets$0
Bank premises and fixed assets$4,973
Other real estate owned$721
Goodwill and other intangibles$1,813
All other assets$3,366
Life insurance assets$242,355
Total liabilities and capital$203,780
Total liabilities$196,966
Total deposits$173,774
Interest-bearing deposits$196,966
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,500
Other borrowed funds $0
Subordinated debt $1,314
All other liabilities $38,575
Total equity capital$38,575
Total bank equity capital$38,575
Perpetual preferred stock$0
Common stock$0
Surplus$533
Undivided profits $38,042
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $4,686
Earning assets $0
Long-term assets (5+ years) $752
Average Assets, year-to-date $227,812
Average Assets, quarterly $122,447
Volatile liabilities $242,108
Insider loans $241,766
FHLB advances $131,254
Loans and leases held for sale $241,481
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $35,928
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $12,602
Derivatives$170
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,759
Total interest expense $2,352
Net interest income $8,407
Provision for loan and lease losses $859
Total noninterest income $1,417
Fiduciary activities $0
Service charges on deposit accounts $696
Trading account gains & fees $0
Additional noninterest income $721
Total noninterest expense $7,953
Salaries and employee benefits $4,206
Premises and equipment expense $1,091
Additional noninterest expense $2,656
Pre-tax net operating income $1,012
Securities gains (losses) $91
Applicable income taxes $334
Income before extraordinary items $769
Extraordinary gains - net $0
Net income attributable to bank $769
Net charge-offs $0
Cash dividends $769
Sale, conversion, retirement of capital stock, net $293
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.73%
Cost of funding earning assets 1.03%
Net interest margin 3.69%
Noninterest income to earning assets 0.62%
Noninterest expense to earning assets 3.49%
Net operating income to assets 0.29%
Return on assets (ROA) 0.32%
Pretax return on assets 0.46%
Return on equity (ROE) 2.01%
Retained earnings to average equity (YTD only) 2.01%
Net charge-offs to loans 0.19%
Credit loss provision to net charge-offs 293.17%
Efficiency ratio6.39%
Assets per employee$80,894
Cash dividends to net income (YTD only)3.67%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.39%
Noncurrent assets plus other real estate owned to assets 46.76%
Noncurrent loans to loans 2.23%
Net loans and leases to deposits2.97%
Net loans and leases to core deposits 78.86%
Equity capital to assets 82.54%
Core capital (leverage) ratio 15.92%
Tier 1 risk-based capital ratio 14.88%
Total risk-based capital ratio 27.37%
Memoranda
Average assets$29
Average earning assets$242,108
Average equity $38,290
Average loans $227,630
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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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