Salisbury Bank and Trust Company in city_name, state_name - Detailed Financial Reports, Location

Salisbury Bank and Trust Company in Lakeville, Connecticut (CT), MA, NY
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Salisbury Bank and Trust Company routing number info

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

No	ID	Name	Address	Established	Service Type
0	12364	Salisbury Bank And Trust Company	5 Bissell St, Lakeville, CT 6039	January 01, 1874	Full Service Brick and Mortar
1	245448	Salisbury Branch	18 Main Street, Salisbury, CT 6068	April 29, 1963	Full Service Brick and Mortar
2	245449	Sharon Branch	29 Low Road, Sharon, CT 6069	December 19, 1983	Full Service Brick and Mortar
4	1636	The Canaan National Bank Branch	100 Main Street, Canaan, CT 6018	Febuary 14, 1907	Full Service Brick and Mortar

2 Massachusetts Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
5	192709	South Egremont Branch	51 Main Street, South Egremont, MA 1258	October 30, 1997	Full Service Brick and Mortar
6	443295	Sheffield Branch	640 North Main Street, Sheffield, MA 1257	March 14, 2005	Full Service Brick and Mortar

2 New York Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
7	269555	Dover Village Plaza Branch	5 Dover Village Plaza, Dover Plains, NY 12522	November 14, 1997	Full Service Brick and Mortar
9	500509	Millerton New York Branch	87 Main Street, Millerton, NY 12546	January 19, 2010	Full Service Brick and Mortar

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

Salisbury Bank and Trust Company - 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:

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

Salisbury Bank and Trust Company - 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:

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