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

The Torrington Savings Bank - Overview

  • General
  • FDIC Certificate #: 16636
    Status: Active
    Federal Reserve ID: 65205
    Date Established: August 15, 1868
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 12135
    FDIC's unique #: 10776
    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: October 22, 1947
    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: 129 Main Street, Torrington, CT 6790
    County: Litchfield
    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): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): Torrington, CT (#45860)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $799.6 mil
    Equity capital: $132.0 mil
    Deposits held in domestic offices: $660.7 mil
    Return on assets (ROA): 0.28% ($2.2 mil)
    Quarterly return on assets: -0.81% (-$6.5 mil)
    Return on Equity (ROE): 1.71% ($2.3 mil)
    Quarterly return on equity: -4.91% (-$6.5 mil)
    Net income: $2.2 mil
    Quarterly Net income: -$1.6 mil
    Pretax return on assets: 0.45% ($3,598.3 mil)
    Quarterly Pretax return on assets: -1.10% (-$8,795.9 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
  • 80Total employees (full-time equivalent)
  • $799,623Total assets
  • $110,836Cash and due from depository institutions
  • $100,973Interest-bearing balances
  • $296,805Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $378,403Net loans & leases
  • $3,354Loan loss allowance
  • $0Trading account assets
  • $6,100Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $799,623Life insurance assets
  • $7,479All other assets
  • $667,583Total liabilities and capital
  • $660,670Total liabilities
  • $646,404Total deposits
  • $660,670Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $6,913Subordinated debt
  • $132,040All other liabilities
  • $132,040Total equity capital
  • $132,040Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $131,040Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,203Income earned, not collected on loans
  • $0Earning assets
  • $1,884Long-term assets (5+ years)
  • $776,181Average Assets, year-to-date
  • $336,921Average Assets, quarterly
  • $791,732Volatile liabilities
  • $794,948Insider loans
  • $260,437FHLB advances
  • $792,867Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $130,365Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $28,753Restructured Loans and leases
  • $120Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $23,688Total interest income
  • $7,218Total interest expense
  • $16,470Net interest income
  • $0Provision for loan and lease losses
  • $1,350Total noninterest income
  • $838Fiduciary activities
  • $115Service charges on deposit accounts
  • $0Trading account gains & fees
  • $397Additional noninterest income
  • $14,248Total noninterest expense
  • $9,470Salaries and employee benefits
  • $1,131Premises and equipment expense
  • $3,647Additional noninterest expense
  • $3,572Pre-tax net operating income
  • -$19Securities gains (losses)
  • $1,341Applicable income taxes
  • $2,212Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,212Net income attributable to bank
  • $0Net charge-offs
  • $2,212Cash dividends
  • $60Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.07%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 2.14%Net interest margin
  • 0.18%Noninterest income to earning assets
  • 1.85%Noninterest expense to earning assets
  • 0.28%Net operating income to assets
  • 0.28%Return on assets (ROA)
  • 0.45%Pretax return on assets
  • 1.71%Return on equity (ROE)
  • 1.71%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 59.53%Efficiency ratio
  • 79,955Assets per employee
  • 10.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.88%Loss allowance to noncurrent loans
  • 79.80%Noncurrent assets plus other real estate owned to assets
  • 0.53%Noncurrent loans to loans
  • 1.10%Net loans and leases to deposits
  • 57.28%Net loans and leases to core deposits
  • 58.46%Equity capital to assets
  • 16.51%Core capital (leverage) ratio
  • 16.44%Tier 1 risk-based capital ratio
  • 50.06%Total risk-based capital ratio
  • Memoranda
  • $51Average assets
  • $791,732Average earning assets
  • $129,598Average equity
  • $771,060Average 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
  • $143,159Managed Assets
  • 1Number of Accounts
  • $127,106Personal trust and agency accounts
  • $43,448Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $474Other retirement accounts
  • $2,924Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $11,379Other fiduciary accounts
  • $68,881Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 131Number of Accounts
  • $0Personal trust and agency accounts
  • $2,924Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $16,053Other retirement accounts
  • $16,053Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 8 Connecticut Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010776The Torrington Savings Bank129 Main Street, Torrington, CT 6790August 15, 1868Full Service Brick and Mortar
    1238518North End Branch635 Main Street, Torrington, CT 6790November 18, 1953Full Service Brick and Mortar
    212113Falls Village BranchRoutes 7 And 126, Falls Village, CT 6031January 01, 1854Full Service Brick and Mortar
    3238519Burlington Branch258 Spielman Highway, Burlington, CT 6013Febuary 14, 1973Full Service Brick and Mortar
    4238520Goshen Branch55 Sharon Turnpike, Goshen, CT 6756November 01, 1976Full Service Brick and Mortar
    5362679Dibble Street Branch235 Dibble Street, Torrington, CT 6790December 12, 2001Full Service Brick and Mortar
    6440002Mason Street Branch30 Mason Street, Torrington, CT 6790April 25, 2005Limited Service Trust
    7522184New Hartford Branch518 Main Street, New Hartford, CT 6057August 25, 2011Full Service Brick and Mortar

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