Salisbury Bank and Trust Company in Lakeville, Connecticut (CT), MA, NY
Overview, Financial Summary, Detailed Financial Reports, Branches


Salisbury Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 18467
    Status: Active
    Federal Reserve ID: 821906
    Bank Holding Company (Regulatory Top Holder): Salisbury Bancorp, Inc. (RSSDID: 2693273, Location: Lakeville, CT)
    Date Established: January 01, 1874
    WWW: http://www.salisburybank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: Yes)
    OTS Docket #: 11903
    FDIC's unique #: 12364
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: 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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1962
    Last Structure Change Effective Date: December 04, 2009
    Last Structure Change Process Date: September 29, 2010
    Last Data Update: September 29, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 5 Bissell St, Lakeville, CT 6039
    County: Litchfield
    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): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): Torrington, CT (#45860)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Office Purchased
    Corrections
  • Financial Summary
  • Total assets: $608.2 mil
    Equity capital: $56.7 mil
    Deposits held in domestic offices: $480.4 mil
    Return on assets (ROA): 0.70% ($4.3 mil)
    Quarterly return on assets: 0.81% ($4.9 mil)
    Return on Equity (ROE): 8.12% ($4.6 mil)
    Quarterly return on equity: 8.73% ($5.0 mil)
    Net income: $4.1 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 0.86% ($5,230.1 mil)
    Quarterly Pretax return on assets: 1.04% ($6,324.8 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
  • 121Total employees (full-time equivalent)
  • $608,156Total assets
  • $36,887Cash and due from depository institutions
  • $32,058Interest-bearing balances
  • $154,740Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $371,714Net loans & leases
  • $4,076Loan loss allowance
  • $0Trading account assets
  • $11,849Bank premises and fixed assets
  • $2,743Other real estate owned
  • $11,599Goodwill and other intangibles
  • $608,156Life insurance assets
  • $18,624All other assets
  • $551,436Total liabilities and capital
  • $480,387Total liabilities
  • $398,185Total deposits
  • $480,387Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 12148.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $54,615Trading liabilities
  • $0Other borrowed funds
  • $4,286Subordinated debt
  • $56,720All other liabilities
  • $56,720Total equity capital
  • $56,720Total bank equity capital
  • $0Perpetual preferred stock
  • $1,012Common stock
  • $27,094Surplus
  • $28,614Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $948Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,076Income earned, not collected on loans
  • $97Earning assets
  • $2,110Long-term assets (5+ years)
  • $558,512Average Assets, year-to-date
  • $293,953Average Assets, quarterly
  • $592,642Volatile liabilities
  • $612,990Insider loans
  • $388,312FHLB advances
  • $599,216Loans and leases held for sale
  • $7,037Unused loan commitments
  • $2,462Tier 1 (core) risk-based capital
  • $46,578Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,575Total unused commitments
  • $52,501Restructured Loans and leases
  • $1,416Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $23,988Total interest income
  • $5,603Total interest expense
  • $18,385Net interest income
  • $1,440Provision for loan and lease losses
  • $5,414Total noninterest income
  • $2,547Fiduciary activities
  • $797Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,070Additional noninterest income
  • $17,292Total noninterest expense
  • $9,463Salaries and employee benefits
  • $2,284Premises and equipment expense
  • $5,545Additional noninterest expense
  • $5,067Pre-tax net operating income
  • $11Securities gains (losses)
  • $950Applicable income taxes
  • $4,128Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,128Net income attributable to bank
  • $0Net charge-offs
  • $4,128Cash dividends
  • $1,284Sale, conversion, retirement of capital stock, net
  • $2,372Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.40%Yield on earning assets
  • 1.03%Cost of funding earning assets
  • 3.37%Net interest margin
  • 0.99%Noninterest income to earning assets
  • 3.17%Noninterest expense to earning assets
  • 0.70%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 0.86%Pretax return on assets
  • 8.12%Return on equity (ROE)
  • 3.46%Retained earnings to average equity (YTD only)
  • 0.35%Net charge-offs to loans
  • 112.15%Credit loss provision to net charge-offs
  • 5.07%Efficiency ratio
  • 71,726Assets per employee
  • 5.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 57.46%Loss allowance to loans
  • 1.08%Loss allowance to noncurrent loans
  • 50.47%Noncurrent assets plus other real estate owned to assets
  • 1.78%Noncurrent loans to loans
  • 2.15%Net loans and leases to deposits
  • 77.38%Net loans and leases to core deposits
  • 90.14%Equity capital to assets
  • 9.33%Core capital (leverage) ratio
  • 7.77%Tier 1 risk-based capital ratio
  • 11.99%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $592,642Average earning assets
  • $50,811Average equity
  • $545,037Average 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
  • $304,255Managed Assets
  • 1Number of Accounts
  • $189,315Personal trust and agency accounts
  • $130,153Employee benefit-defined contribution accounts
  • $296Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $4,001Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $54,859Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $6Non-managed Assets
  • 682Number of Accounts
  • $0Personal trust and agency accounts
  • $4,001Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $114,940Other retirement accounts
  • $36,903Corporate trust and agency accounts
  • $12,075Other fiduciary accounts
  • $29,420Fiduciary accounts held in foreign offices

List of branches

  • 4 Connecticut Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012364Salisbury Bank And Trust Company5 Bissell St, Lakeville, CT 6039January 01, 1874Full Service Brick and Mortar
    1245448Salisbury Branch18 Main Street, Salisbury, CT 6068April 29, 1963Full Service Brick and Mortar
    2245449Sharon Branch29 Low Road, Sharon, CT 6069December 19, 1983Full Service Brick and Mortar
    41636The Canaan National Bank Branch100 Main Street, Canaan, CT 6018Febuary 14, 1907Full Service Brick and Mortar
  • 2 Massachusetts Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    5192709South Egremont Branch51 Main Street, South Egremont, MA 1258October 30, 1997Full Service Brick and Mortar
    6443295Sheffield Branch640 North Main Street, Sheffield, MA 1257March 14, 2005Full Service Brick and Mortar
  • 2 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    7269555Dover Village Plaza Branch5 Dover Village Plaza, Dover Plains, NY 12522November 14, 1997Full Service Brick and Mortar
    9500509Millerton New York Branch87 Main Street, Millerton, NY 12546January 19, 2010Full Service Brick and Mortar

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