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


Naugatuck Savings Bank - Overview

  • General
  • FDIC Certificate #: 18198
    Status: Active
    Federal Reserve ID: 407506
    Date Established: January 01, 1870
    WWW: http://www.naugatucksavingsbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 20 (Domestic: 20, Interstate: No)
    OTS Docket #: 8452
    FDIC's unique #: 12118
    Numeric code: 41
    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: Commercial Lending Specialization
    Date of Deposit Insurance: July 01, 1960
    Last Structure Change Effective Date: August 08, 2009
    Last Structure Change Process Date: August 17, 2009
    Last Data Update: August 17, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 251 Church Street, Naugatuck, CT 6770
    County: New Haven
    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
    Metropolitan Statistical Area (MSA): Waterbury, CT (#8880)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New Haven-Milford, CT (#35300)
    CBSA Metro Statistical Area: New Haven-Milford, CT (#35300)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $915.6 mil
    Equity capital: $81.5 mil
    Deposits held in domestic offices: $741.6 mil
    Return on assets (ROA): 0.39% ($3.6 mil)
    Quarterly return on assets: 0.47% ($4.3 mil)
    Return on Equity (ROE): 4.14% ($3.4 mil)
    Quarterly return on equity: 5.15% ($4.2 mil)
    Net income: $3.5 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 0.58% ($5,310.3 mil)
    Quarterly Pretax return on assets: 0.67% ($6,134.3 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
  • 207Total employees (full-time equivalent)
  • $915,570Total assets
  • $35,997Cash and due from depository institutions
  • $31,337Interest-bearing balances
  • $95,925Securities
  • $1,179Federal funds sold & reverse repurchase agreements
  • $740,506Net loans & leases
  • $9,155Loan loss allowance
  • $664Trading account assets
  • $14,652Bank premises and fixed assets
  • $546Other real estate owned
  • $2,839Goodwill and other intangibles
  • $915,570Life insurance assets
  • $23,262All other assets
  • $834,078Total liabilities and capital
  • $741,611Total liabilities
  • $612,286Total deposits
  • $741,611Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 32879.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $34,303Trading liabilities
  • $0Other borrowed funds
  • $25,285Subordinated debt
  • $81,492All other liabilities
  • $81,492Total equity capital
  • $81,492Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $81,492Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $23,735Income earned, not collected on loans
  • $676Earning assets
  • $2,692Long-term assets (5+ years)
  • $869,611Average Assets, year-to-date
  • $426,045Average Assets, quarterly
  • $890,908Volatile liabilities
  • $916,652Insider loans
  • $693,659FHLB advances
  • $920,812Loans and leases held for sale
  • $2,411Unused loan commitments
  • $2,411Tier 1 (core) risk-based capital
  • $94,163Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $126,181Restructured Loans and leases
  • $1,932Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $39,567Total interest income
  • $7,611Total interest expense
  • $31,956Net interest income
  • $2,860Provision for loan and lease losses
  • $6,478Total noninterest income
  • $0Fiduciary activities
  • $2,621Service charges on deposit accounts
  • -$45Trading account gains & fees
  • $3,902Additional noninterest income
  • $30,439Total noninterest expense
  • $16,843Salaries and employee benefits
  • $4,002Premises and equipment expense
  • $9,594Additional noninterest expense
  • $5,135Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,668Applicable income taxes
  • $3,467Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,467Net income attributable to bank
  • $0Net charge-offs
  • $3,467Cash dividends
  • $1,299Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.67%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 3.77%Net interest margin
  • 0.76%Noninterest income to earning assets
  • 3.59%Noninterest expense to earning assets
  • 0.39%Net operating income to assets
  • 0.39%Return on assets (ROA)
  • 0.58%Pretax return on assets
  • 4.14%Return on equity (ROE)
  • 4.14%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 220.17%Credit loss provision to net charge-offs
  • 6.15%Efficiency ratio
  • 78,969Assets per employee
  • 4.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.22%Loss allowance to noncurrent loans
  • 38.57%Noncurrent assets plus other real estate owned to assets
  • 2.65%Noncurrent loans to loans
  • 3.17%Net loans and leases to deposits
  • 99.85%Net loans and leases to core deposits
  • 102.19%Equity capital to assets
  • 8.90%Core capital (leverage) ratio
  • 10.23%Tier 1 risk-based capital ratio
  • 13.57%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $890,908Average earning assets
  • $83,832Average equity
  • $848,127Average loans

List of branches

  • 20 Connecticut Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012118Naugatuck Savings Bank251 Church Street, Naugatuck, CT 6770January 01, 1870Full Service Brick and Mortar
    1244239Plaza BranchRubber Avenue, Naugatuck, CT 6770September 20, 1971Full Service Brick and Mortar
    2244240Oxford Branch71 Oxford Road, Route 67, Oxford, CT 6478November 25, 1974Full Service Brick and Mortar
    3244241Middlebury BranchMiddlebury Road (Route 64), Middlebury, CT 6762June 26, 1982Full Service Brick and Mortar
    4244242Church Street Branch87 Church Street, Naugatuck, CT 6770November 07, 1988Full Service Brick and Mortar
    5244243Woodbury Branch670 Main Street, Woodbury, CT 6798January 28, 1989Full Service Brick and Mortar
    6244244Cheshire Branch218 Maple Street, Cheshire, CT 6410December 21, 1998Full Service Brick and Mortar
    7294985Southbury Branch363 Main Street South, Southbury, CT 6488Febuary 03, 2000Full Service Brick and Mortar
    8358795Watertown565 Straits Turnpike, Watertown, CT 6795December 26, 2000Full Service Brick and Mortar
    9363453Prospect Branch24 Waterbury Road, Prospect, CT 6712March 25, 2002Full Service Brick and Mortar
    10419057Ansonia Branch75 Tremont Street, Ansonia, CT 6401September 30, 2002Full Service Brick and Mortar
    11431701Waterbury Branch910 Wolcott Street, Waterbury, CT 6705September 01, 2004Full Service Brick and Mortar
    12455237New Haven Road Branch1430 New Haven Road, Naugatuck, CT 6770September 16, 2006Full Service Brick and Mortar
    13468134Courier Branch251 Church Street, Naugatuck, CT 6770September 18, 2007Limited Service Messenger
    14482385Nonnewaug High SchoolNonnewaug High School, Woodbury, CT 6798November 17, 2008
    15493392Nonnewaug Branch5 Minortown Rd., Woodbury, CT 6798November 17, 2008Limited Service Mobile
    17358857East Main Street Branch1295 East Main Street, Meriden, CT 6450August 10, 2000Full Service Brick and Mortar
    18520802Hamden Branch2989 Whitney Avenue, Hamden, CT 6518June 18, 2011Full Service Brick and Mortar
    19522012West Main Street Branch500 West Main Street, Meriden, CT 6451July 23, 2011Full Service Brick and Mortar
    20522272Naugatuck High School Branch543 Rubber Avenue, Naugatuck, CT 6770September 12, 2011

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