The Guilford Savings Bank in Guilford, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • The Guilford Savings Bank in Guilford, Connecticut (CT)
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The Guilford Savings Bank - Overview

  • General
  • FDIC Certificate #: 18194
    Status: Active
    Federal Reserve ID: 831008
    Date Established: December 06, 1875
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 10540
    FDIC's unique #: 12114
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: July 01, 1960
    Last Structure Change Effective Date: Febuary 01, 2008
    Last Structure Change Process Date: January 12, 2012
    Last Data Update: January 12, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: One Park Street, Guilford, CT 6437
    County: New Haven
    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): New Haven-Meriden, CT (#5480)
    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): New Haven-Milford, CT (#35300)
    CBSA Metro Statistical Area: New Haven-Milford, CT (#35300)
  • Financial Summary
  • Total assets: $519.1 mil
    Equity capital: $69.0 mil
    Deposits held in domestic offices: $424.7 mil
    Return on assets (ROA): 0.78% ($4.0 mil)
    Quarterly return on assets: 0.78% ($4.0 mil)
    Return on Equity (ROE): 6.10% ($4.2 mil)
    Quarterly return on equity: 5.91% ($4.1 mil)
    Net income: $4.0 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 1.10% ($5,710.6 mil)
    Quarterly Pretax return on assets: 1.05% ($5,451.1 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
  • 101Total employees (full-time equivalent)
  • $519,149Total assets
  • $32,115Cash and due from depository institutions
  • $24,900Interest-bearing balances
  • $119,265Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $335,381Net loans & leases
  • $3,482Loan loss allowance
  • $0Trading account assets
  • $9,013Bank premises and fixed assets
  • $252Other real estate owned
  • $1,049Goodwill and other intangibles
  • $519,149Life insurance assets
  • $22,074All other assets
  • $450,159Total liabilities and capital
  • $424,670Total liabilities
  • $382,926Total deposits
  • $424,670Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 5773.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $13,451Trading liabilities
  • $0Other borrowed funds
  • $6,265Subordinated debt
  • $68,990All other liabilities
  • $68,960Total equity capital
  • $68,960Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $67,960Undivided profits
  • Memoranda
  • $30Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,194Income earned, not collected on loans
  • $0Earning assets
  • $1,330Long-term assets (5+ years)
  • $479,546Average Assets, year-to-date
  • $310,556Average Assets, quarterly
  • $513,737Volatile liabilities
  • $517,590Insider loans
  • $285,072FHLB advances
  • $516,673Loans and leases held for sale
  • $13,773Unused loan commitments
  • $10,834Tier 1 (core) risk-based capital
  • $66,496Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,939Total unused commitments
  • $49,441Restructured Loans and leases
  • $1,848Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $21,515Total interest income
  • $4,550Total interest expense
  • $16,965Net interest income
  • $151Provision for loan and lease losses
  • $1,843Total noninterest income
  • $111Fiduciary activities
  • $352Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,380Additional noninterest income
  • $13,941Total noninterest expense
  • $7,716Salaries and employee benefits
  • $2,036Premises and equipment expense
  • $4,189Additional noninterest expense
  • $4,716Pre-tax net operating income
  • $910Securities gains (losses)
  • $1,607Applicable income taxes
  • $4,019Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,019Net income attributable to bank
  • $0Net charge-offs
  • $4,019Cash dividends
  • $126Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.52%Yield on earning assets
  • 0.96%Cost of funding earning assets
  • 3.56%Net interest margin
  • 0.39%Noninterest income to earning assets
  • 2.93%Noninterest expense to earning assets
  • 0.66%Net operating income to assets
  • 0.78%Return on assets (ROA)
  • 1.10%Pretax return on assets
  • 6.10%Return on equity (ROE)
  • 6.10%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 119.84%Credit loss provision to net charge-offs
  • 38.63%Efficiency ratio
  • 74,123Assets per employee
  • 5.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 56.22%Noncurrent assets plus other real estate owned to assets
  • 1.24%Noncurrent loans to loans
  • 1.83%Net loans and leases to deposits
  • 78.97%Net loans and leases to core deposits
  • 82.61%Equity capital to assets
  • 13.28%Core capital (leverage) ratio
  • 12.87%Tier 1 risk-based capital ratio
  • 23.33%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $513,737Average earning assets
  • $65,901Average equity
  • $475,942Average loans

Total Fiduciary and Related Assets (December 31, 2010)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $26,564Managed Assets
  • 1Number of Accounts
  • $23,487Personal trust and agency accounts
  • $9,833Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $1,187Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $12,467Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 49Number of Accounts
  • $0Personal trust and agency accounts
  • $1,187Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $3,077Other retirement accounts
  • $2,704Corporate trust and agency accounts
  • $309Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 7 Connecticut Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012114The Guilford Savings BankOne Park Street, Guilford, CT 6437December 06, 1875Full Service Brick and Mortar
    1244216The Guilford Plaza Branch625 Boston Post Road, Guilford, CT 6437October 24, 1981Full Service Brick and Mortar
    2244217Madison Branch634 Boston Post Road, Madison, CT 6443January 24, 1998Full Service Brick and Mortar
    4360108North Main Street Branch61 North Main Street, Branford, CT 6405April 18, 2001Full Service Brick and Mortar
    5365336Evergreen Woods Branch88 Notch Hill Road, North Branford, CT 6471March 06, 2002Limited Service Mobile
    6455975Old Toll Road Branch494 Old Toll Road, Madison, CT 6443October 18, 2006Full Service Brick and Mortar
    7460063Boston Post Road Branch840 Boston Post Road, Old Saybrook, CT 6475Febuary 06, 2007Full Service Brick and Mortar

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