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

Savings Bank of Danbury - Overview

  • General
  • FDIC Certificate #: 15912
    Status: Active
    Federal Reserve ID: 626101
    Date Established: June 26, 1849
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 13 (Domestic: 13, Interstate: No)
    OTS Docket #: 12443
    FDIC's unique #: 10144
    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: Commercial Lending Specialization
    Date of Deposit Insurance: September 25, 1942
    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: 220 Main Street, Danbury, CT 6810
    County: Fairfield
    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): Danbury, CT (#1930)
    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): Bridgeport-Stamford-Norwalk, CT (#14860)
    CBSA Metro Statistical Area: Bridgeport-Stamford-Norwalk, CT (#14860)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $762.3 mil
    Equity capital: $73.2 mil
    Deposits held in domestic offices: $611.3 mil
    Return on assets (ROA): 0.20% ($1.5 mil)
    Quarterly return on assets: 0.21% ($1.6 mil)
    Return on Equity (ROE): 2.06% ($1.5 mil)
    Quarterly return on equity: 2.22% ($1.6 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.30% ($2,287.0 mil)
    Quarterly Pretax return on assets: 0.33% ($2,515.7 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
  • 164Total employees (full-time equivalent)
  • $762,338Total assets
  • $47,856Cash and due from depository institutions
  • $41,324Interest-bearing balances
  • $90,419Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $584,054Net loans & leases
  • $6,378Loan loss allowance
  • $0Trading account assets
  • $11,124Bank premises and fixed assets
  • $5,169Other real estate owned
  • $3,863Goodwill and other intangibles
  • $762,338Life insurance assets
  • $19,853All other assets
  • $689,114Total liabilities and capital
  • $611,278Total liabilities
  • $580,934Total deposits
  • $611,278Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 6000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $57,991Trading liabilities
  • $0Other borrowed funds
  • $13,845Subordinated debt
  • $73,224All other liabilities
  • $73,224Total equity capital
  • $73,224Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $10,000Surplus
  • $63,224Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $8,843Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $27,724Income earned, not collected on loans
  • $1,372Earning assets
  • $2,424Long-term assets (5+ years)
  • $715,797Average Assets, year-to-date
  • $396,717Average Assets, quarterly
  • $764,906Volatile liabilities
  • $764,868Insider loans
  • $503,242FHLB advances
  • $765,841Loans and leases held for sale
  • $2,540Unused loan commitments
  • $2,540Tier 1 (core) risk-based capital
  • $73,843Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $125,114Restructured Loans and leases
  • $277Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $32,954Total interest income
  • $9,665Total interest expense
  • $23,289Net interest income
  • $3,092Provision for loan and lease losses
  • $4,785Total noninterest income
  • $0Fiduciary activities
  • $907Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,878Additional noninterest income
  • $22,690Total noninterest expense
  • $13,195Salaries and employee benefits
  • $2,801Premises and equipment expense
  • $6,694Additional noninterest expense
  • $2,292Pre-tax net operating income
  • $0Securities gains (losses)
  • $778Applicable income taxes
  • $1,514Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,514Net income attributable to bank
  • $0Net charge-offs
  • $1,514Cash dividends
  • $3,071Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.58%Yield on earning assets
  • 1.34%Cost of funding earning assets
  • 3.24%Net interest margin
  • 0.66%Noninterest income to earning assets
  • 3.15%Noninterest expense to earning assets
  • 0.20%Net operating income to assets
  • 0.20%Return on assets (ROA)
  • 0.30%Pretax return on assets
  • 2.06%Return on equity (ROE)
  • 2.06%Retained earnings to average equity (YTD only)
  • 0.51%Net charge-offs to loans
  • 100.68%Credit loss provision to net charge-offs
  • 1.75%Efficiency ratio
  • 80,822Assets per employee
  • 4.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.08%Loss allowance to noncurrent loans
  • 23.01%Noncurrent assets plus other real estate owned to assets
  • 4.31%Noncurrent loans to loans
  • 4.70%Net loans and leases to deposits
  • 95.55%Net loans and leases to core deposits
  • 100.86%Equity capital to assets
  • 9.61%Core capital (leverage) ratio
  • 9.64%Tier 1 risk-based capital ratio
  • 14.67%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $764,906Average earning assets
  • $73,623Average equity
  • $719,858Average loans

List of branches

  • 13 Connecticut Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010144Savings Bank Of Danbury220 Main Street, Danbury, CT 6810June 26, 1849Full Service Brick and Mortar
    1235811Hayestown Branch12 Hayestown Avenue, Danbury, CT 6810March 30, 1973Full Service Brick and Mortar
    2235812New Milford Branch5 Kent Road, New Milford, CT 6776October 25, 1995Full Service Brick and Mortar
    3243256Bethel BranchGrassy Plain Street, Bethel, CT 6801August 17, 1981Full Service Brick and Mortar
    4243258Caldor Shopping Center Branch154 Federal Road, Brookfield, CT 6804November 22, 1985Full Service Brick and Mortar
    5235813West Street Branch35 West Street, Danbury, CT 6810December 20, 1999Full Service Brick and Mortar
    6362622New Fairfield Branch100 Route 37, New Fairfield, CT 6812November 13, 2001Full Service Brick and Mortar
    7362762Newtown Branch20 Church Hill Road, Newtown, CT 6470November 26, 2001Full Service Brick and Mortar
    8440534Waterbury Branch650 Wolcott Street, Waterbury, CT 6706March 01, 2005Full Service Brick and Mortar
    9440864Bank Street Waterbury Branch357 Bank Street, Waterbury, CT 6708June 01, 2005Full Service Brick and Mortar
    10446302Plumtrees Plaza Branch59 Newtown Road, Danbury, CT 6810November 01, 2005Full Service Brick and Mortar
    11452535Mill Plain Road Branch90 Mill Plain Road, Danbury, CT 6811June 21, 2006Full Service Brick and Mortar
    12517245Southbury Branch325 Main Street, Southbury, CT 6488January 24, 2011Full Service Brick and Mortar

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