The Simsbury Bank & Trust Company in Simsbury, Connecticut (CT)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Simsbury Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 33999
    Status: Active
    Federal Reserve ID: 2290887
    Bank Holding Company (Regulatory Top Holder): Sbt Bancorp, Inc. (RSSDID: 3385100, Location: Simsbury, CT)
    Date Established: March 31, 1995
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 15683
    FDIC's unique #: 55577
    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: March 31, 1995
    Last Structure Change Effective Date: June 29, 2007
    Last Structure Change Process Date: September 29, 2010
    Last Data Update: September 29, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 981 Hopmeadow Street, Simsbury, CT 6070
    County: Hartford
    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): Hartford, CT (#3280)
    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
  • Corrections
  • Financial Summary
  • Total assets: $376.9 mil
    Equity capital: $27.1 mil
    Deposits held in domestic offices: $344.9 mil
    Return on assets (ROA): 0.31% ($1.2 mil)
    Quarterly return on assets: 0.45% ($1.7 mil)
    Return on Equity (ROE): 4.36% ($1.2 mil)
    Quarterly return on equity: 6.04% ($1.6 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.45% ($1,696.0 mil)
    Quarterly Pretax return on assets: 0.59% ($2,223.7 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
  • 68Total employees (full-time equivalent)
  • $376,899Total assets
  • $89,237Cash and due from depository institutions
  • $70,020Interest-bearing balances
  • $62,205Securities
  • $2,024Federal funds sold & reverse repurchase agreements
  • $213,572Net loans & leases
  • $2,469Loan loss allowance
  • $0Trading account assets
  • $679Bank premises and fixed assets
  • $0Other real estate owned
  • $163Goodwill and other intangibles
  • $376,899Life insurance assets
  • $9,019All other assets
  • $349,839Total liabilities and capital
  • $344,883Total liabilities
  • $240,999Total deposits
  • $344,883Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 3548.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,408Subordinated debt
  • $27,060All other liabilities
  • $27,060Total equity capital
  • $27,060Total bank equity capital
  • $0Perpetual preferred stock
  • $16,776Common stock
  • $0Surplus
  • $10,284Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,306Income earned, not collected on loans
  • $0Earning assets
  • $964Long-term assets (5+ years)
  • $347,821Average Assets, year-to-date
  • $75,908Average Assets, quarterly
  • $336,695Volatile liabilities
  • $363,992Insider loans
  • $196,658FHLB advances
  • $347,400Loans and leases held for sale
  • $4,173Unused loan commitments
  • $2,770Tier 1 (core) risk-based capital
  • $25,933Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,403Total unused commitments
  • $16,146Restructured Loans and leases
  • $5,578Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,773Total interest income
  • $1,517Total interest expense
  • $10,256Net interest income
  • $494Provision for loan and lease losses
  • $1,840Total noninterest income
  • $0Fiduciary activities
  • $439Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,401Additional noninterest income
  • $10,524Total noninterest expense
  • $5,609Salaries and employee benefits
  • $1,385Premises and equipment expense
  • $3,530Additional noninterest expense
  • $1,078Pre-tax net operating income
  • $445Securities gains (losses)
  • $483Applicable income taxes
  • $1,040Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,040Net income attributable to bank
  • $0Net charge-offs
  • $1,040Cash dividends
  • $351Sale, conversion, retirement of capital stock, net
  • $421Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.71%Yield on earning assets
  • 0.48%Cost of funding earning assets
  • 3.23%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 3.32%Noninterest expense to earning assets
  • 0.22%Net operating income to assets
  • 0.31%Return on assets (ROA)
  • 0.45%Pretax return on assets
  • 4.36%Return on equity (ROE)
  • 2.60%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 140.74%Credit loss provision to net charge-offs
  • 4.48%Efficiency ratio
  • 87,004Assets per employee
  • 5.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.48%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 107.07%Noncurrent assets plus other real estate owned to assets
  • 0.61%Noncurrent loans to loans
  • 1.07%Net loans and leases to deposits
  • 61.93%Net loans and leases to core deposits
  • 65.56%Equity capital to assets
  • 7.18%Core capital (leverage) ratio
  • 7.46%Tier 1 risk-based capital ratio
  • 13.19%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $336,695Average earning assets
  • $23,846Average equity
  • $317,376Average loans

List of branches

  • 5 Connecticut Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    055577The Simsbury Bank & Trust Company981 Hopmeadow Street, Simsbury, CT 6070March 31, 1995Full Service Brick and Mortar
    1290286Granby Branch11 Hartford Avenue, Granby, CT 6035October 19, 1998Full Service Brick and Mortar
    2290287Avon Branch27 Dale Road, Avon, CT 6001August 11, 1999Full Service Brick and Mortar
    3453075Bloomfield Office Branch864 Cottage Grove Road, Bloomfield, CT 6002June 13, 2006Full Service Brick and Mortar
    4453076Canton Branch250 Albany Turnpike, Canton, CT 6019November 21, 2005

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