Savings Institute Bank and Trust Company in Willimantic, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Savings Institute Bank and Trust Company in Willimantic, Connecticut (CT)
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Savings Institute Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 18214
    Status: Active
    Federal Reserve ID: 480808
    Date Established: January 01, 1842
    WWW: http://www.savingsinstitute.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 21 (Domestic: 21, Interstate: No)
    OTS Docket #: 17978
    FDIC's unique #: 12134
    Numeric code: 33
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 01, 1960
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 803 Main Street, Willimantic, CT 6226
    County: Windham
    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): Hartford-West Hartford-Willimantic, CT (#278)
    Core Based Statistical Area (CBSA): Willimantic, CT (#48740)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $939.9 mil
    Equity capital: $106.0 mil
    Deposits held in domestic offices: $718.1 mil
    Return on assets (ROA): 0.30% ($2.8 mil)
    Quarterly return on assets: 0.31% ($2.9 mil)
    Return on Equity (ROE): 2.79% ($3.0 mil)
    Quarterly return on equity: 2.72% ($2.9 mil)
    Net income: $2.8 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 0.43% ($4,041.6 mil)
    Quarterly Pretax return on assets: 0.42% ($3,947.6 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
  • 264Total employees (full-time equivalent)
  • $939,901Total assets
  • $43,132Cash and due from depository institutions
  • $30,150Interest-bearing balances
  • $222,232Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $624,092Net loans & leases
  • $4,970Loan loss allowance
  • $0Trading account assets
  • $12,651Bank premises and fixed assets
  • $976Other real estate owned
  • $5,283Goodwill and other intangibles
  • $939,901Life insurance assets
  • $31,535All other assets
  • $833,879Total liabilities and capital
  • $718,091Total liabilities
  • $695,141Total deposits
  • $718,091Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $106,104Trading liabilities
  • $0Other borrowed funds
  • $9,684Subordinated debt
  • $106,022All other liabilities
  • $106,022Total equity capital
  • $106,022Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $65,243Surplus
  • $40,778Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,591Income earned, not collected on loans
  • $160Earning assets
  • $3,436Long-term assets (5+ years)
  • $876,474Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $925,300Volatile liabilities
  • $933,680Insider loans
  • $481,670FHLB advances
  • $935,698Loans and leases held for sale
  • $9,012Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $101,574Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $79,241Restructured Loans and leases
  • $2,491Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $37,545Total interest income
  • $11,349Total interest expense
  • $26,196Net interest income
  • $1,558Provision for loan and lease losses
  • $10,441Total noninterest income
  • $0Fiduciary activities
  • $4,597Service charges on deposit accounts
  • $195Trading account gains & fees
  • $5,649Additional noninterest income
  • $31,309Total noninterest expense
  • $15,993Salaries and employee benefits
  • $8,179Premises and equipment expense
  • $7,137Additional noninterest expense
  • $3,770Pre-tax net operating income
  • $193Securities gains (losses)
  • $1,188Applicable income taxes
  • $2,775Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,775Net income attributable to bank
  • $0Net charge-offs
  • $2,775Cash dividends
  • $905Sale, conversion, retirement of capital stock, net
  • $650Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.35%Yield on earning assets
  • 1.32%Cost of funding earning assets
  • 3.04%Net interest margin
  • 1.21%Noninterest income to earning assets
  • 3.63%Noninterest expense to earning assets
  • 0.29%Net operating income to assets
  • 0.30%Return on assets (ROA)
  • 0.43%Pretax return on assets
  • 2.79%Return on equity (ROE)
  • 2.14%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 172.15%Credit loss provision to net charge-offs
  • 5.89%Efficiency ratio
  • 85,400Assets per employee
  • 3.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 23.42%Loss allowance to loans
  • 0.79%Loss allowance to noncurrent loans
  • 46.93%Noncurrent assets plus other real estate owned to assets
  • 1.23%Noncurrent loans to loans
  • 1.68%Net loans and leases to deposits
  • 86.91%Net loans and leases to core deposits
  • 89.45%Equity capital to assets
  • 11.28%Core capital (leverage) ratio
  • 10.86%Tier 1 risk-based capital ratio
  • 21.09%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $925,300Average earning assets
  • $99,461Average equity
  • $862,573Average 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
  • $135,342Managed Assets
  • 1Number of Accounts
  • $104,739Personal trust and agency accounts
  • $41,886Employee benefit-defined contribution accounts
  • $4,549Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $15,832Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $40,785Other fiduciary accounts
  • $1,687Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 281Number of Accounts
  • $0Personal trust and agency accounts
  • $15,832Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $30,603Other retirement accounts
  • $765Corporate trust and agency accounts
  • $19,183Other fiduciary accounts
  • $105Fiduciary accounts held in foreign offices

List of branches

  • 21 Connecticut Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012134Savings Institute Bank And Trust Com803 Main Street, Willimantic, CT 6226January 01, 1842Full Service Brick and Mortar
    1244335Hebron Branch115 Main Street Route 66, Hebron, CT 6248May 04, 1974Full Service Brick and Mortar
    2244336Lebanon Branch554 Exeter Road Route 207, Lebanon, CT 6249December 16, 1978Full Service Brick and Mortar
    4244338Stonington Branch80 Stonington Road, Mystic, CT 6355May 09, 1987Full Service Brick and Mortar
    7244403Moosup Branch344 Prospect St, Moosup, CT 6354October 30, 1985Full Service Brick and Mortar
    8244404Brooklyn Branch536 Providence Road, Brooklyn, CT 6234Febuary 03, 1987Full Service Brick and Mortar
    9244339Mansfield East Brook Mall Branch95 Storrs Road, Mansfield Center, CT 6250May 02, 1991Full Service Brick and Mortar
    1039987Enfield Branch85 Freshwater Boulevard, Enfield, CT 6082Febuary 27, 1989Full Service Brick and Mortar
    11244506Dayville Branch596 Hartford Pike, Dayville, CT 6241April 23, 1988Full Service Brick and Mortar
    12244413Canterbury Branch180 Westminster Rd Route 14, Canterbury, CT 6331June 01, 1987Full Service Brick and Mortar
    13244340Groton Branch971 Poquonnock Road, Groton, CT 6340October 16, 1997Full Service Brick and Mortar
    14244341Norwich Branch108 Salem Tpke, Norwich, CT 6360January 05, 1998Full Service Retail
    15243019West Main Branch60 Cantor Dr, Willimantic, CT 6226June 10, 1995Full Service Retail
    16244342North Windham Wal-Mart Branch474 Boston Post Road, North Windham, CT 6256March 06, 2000Full Service Retail
    17361226Lisbon Wal-Mart Supercenter Branch180 River Road Route 12, Lisbon, CT 6351August 22, 2001Full Service Retail
    18461449Tolland Branch200 Merrow Road, Tolland, CT 6084June 30, 2006Full Service Brick and Mortar
    19461450South Windsor Branch1000 Sullivan Avenue, South Windsor, CT 6074June 30, 2006Full Service Brick and Mortar
    20461451East Lyme Branch303 Flanders Road, Unit 8, East Lyme, CT 6333March 13, 2006Full Service Brick and Mortar
    21340750Colchester Branch63 Norwich Ave, Colchester, CT 6415October 10, 1998Full Service Brick and Mortar
    22451219New London Branch15 Masonic Street, New London, CT 6320March 06, 2006Full Service Brick and Mortar
    23478849East Hampton Branch50 E High St, East Hampton, CT 6424August 27, 2007Full Service Brick and Mortar

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