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

Stafford Savings Bank - Overview

  • General
  • FDIC Certificate #: 18227
    Status: Active
    Federal Reserve ID: 113003
    Date Established: July 16, 1872
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 10564
    FDIC's unique #: 12144
    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: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: July 01, 1960
    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: 12 Furnace Avenue, Stafford Springs, CT 6076
    County: Tolland
    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): Hartford-West Hartford-East Hartford, CT (#25540)
    CBSA Metro Statistical Area: Hartford-West Hartford-East Hartford, CT (#25540)
  • History of Changes
  • Name Change
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $217.3 mil
    Equity capital: $60.1 mil
    Deposits held in domestic offices: $152.9 mil
    Return on assets (ROA): 0.83% ($1.8 mil)
    Quarterly return on assets: 0.31% ($0.7 mil)
    Return on Equity (ROE): 3.02% ($1.8 mil)
    Quarterly return on equity: 1.13% ($0.7 mil)
    Net income: $1.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.01% ($2,195.0 mil)
    Quarterly Pretax return on assets: 0.23% ($499.9 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
  • 31Total employees (full-time equivalent)
  • $217,329Total assets
  • $39,858Cash and due from depository institutions
  • $37,474Interest-bearing balances
  • $91,240Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $79,405Net loans & leases
  • $1,452Loan loss allowance
  • $0Trading account assets
  • $1,069Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $217,329Life insurance assets
  • $5,757All other assets
  • $157,191Total liabilities and capital
  • $152,868Total liabilities
  • $148,609Total deposits
  • $152,868Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $4,323Subordinated debt
  • $60,138All other liabilities
  • $60,138Total equity capital
  • $60,138Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $60,138Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,439Income earned, not collected on loans
  • $0Earning assets
  • $407Long-term assets (5+ years)
  • $208,119Average Assets, year-to-date
  • $89,815Average Assets, quarterly
  • $216,385Volatile liabilities
  • $215,072Insider loans
  • $119,203FHLB advances
  • $211,636Loans and leases held for sale
  • $4,456Unused loan commitments
  • $4,456Tier 1 (core) risk-based capital
  • $56,006Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,480Restructured Loans and leases
  • $1,060Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,659Total interest income
  • $1,810Total interest expense
  • $5,849Net interest income
  • $100Provision for loan and lease losses
  • $1,930Total noninterest income
  • $0Fiduciary activities
  • $151Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,779Additional noninterest income
  • $4,742Total noninterest expense
  • $3,058Salaries and employee benefits
  • $628Premises and equipment expense
  • $1,056Additional noninterest expense
  • $2,937Pre-tax net operating income
  • -$748Securities gains (losses)
  • $394Applicable income taxes
  • $1,795Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,795Net income attributable to bank
  • $0Net charge-offs
  • $1,795Cash dividends
  • $2Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.71%Yield on earning assets
  • 0.88%Cost of funding earning assets
  • 2.83%Net interest margin
  • 0.93%Noninterest income to earning assets
  • 2.30%Noninterest expense to earning assets
  • 1.11%Net operating income to assets
  • 0.83%Return on assets (ROA)
  • 1.01%Pretax return on assets
  • 3.02%Return on equity (ROE)
  • 3.02%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 5000.00%Credit loss provision to net charge-offs
  • 1518.50%Efficiency ratio
  • 60,959Assets per employee
  • 7.01%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.80%Loss allowance to noncurrent loans
  • 100.90%Noncurrent assets plus other real estate owned to assets
  • 0.66%Noncurrent loans to loans
  • 1.78%Net loans and leases to deposits
  • 51.94%Net loans and leases to core deposits
  • 53.24%Equity capital to assets
  • 27.67%Core capital (leverage) ratio
  • 26.46%Tier 1 risk-based capital ratio
  • 46.98%Total risk-based capital ratio
  • Memoranda
  • $48Average assets
  • $216,385Average earning assets
  • $59,340Average equity
  • $206,535Average loans

List of branches

  • 3 Connecticut Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012144Stafford Savings Bank12 Furnace Avenue, Stafford Springs, CT 6076July 16, 1872Full Service Brick and Mortar
    1244382Plaza Branch85 West Stafford Road, Stafford Springs, CT 6076July 27, 1977Full Service Brick and Mortar
    2244383Brookside Professional Center Branch74 West Stafford Road, Stafford Springs, CT 6076October 12, 1989Full Service Brick and Mortar

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