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

Thomaston Savings Bank - Overview

  • General
  • FDIC Certificate #: 18258
    Status: Active
    Federal Reserve ID: 120609
    Date Established: October 01, 1874
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 10783
    FDIC's unique #: 12174
    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: 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: 203 Main Street, Thomaston, CT 6787
    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
    Metropolitan Statistical Area (MSA): Waterbury, CT (#8880)
    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): Torrington, CT (#45860)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $692.2 mil
    Equity capital: $88.6 mil
    Deposits held in domestic offices: $559.9 mil
    Return on assets (ROA): 0.99% ($6.9 mil)
    Quarterly return on assets: 0.99% ($6.9 mil)
    Return on Equity (ROE): 7.70% ($6.9 mil)
    Quarterly return on equity: 7.64% ($6.8 mil)
    Net income: $6.6 mil
    Quarterly Net income: $1.7 mil
    Pretax return on assets: 1.34% ($9,275.5 mil)
    Quarterly Pretax return on assets: 1.37% ($9,483.2 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
  • 139Total employees (full-time equivalent)
  • $692,201Total assets
  • $28,884Cash and due from depository institutions
  • $21,214Interest-bearing balances
  • $171,045Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $439,532Net loans & leases
  • $4,231Loan loss allowance
  • $0Trading account assets
  • $16,586Bank premises and fixed assets
  • $246Other real estate owned
  • $0Goodwill and other intangibles
  • $692,201Life insurance assets
  • $35,908All other assets
  • $603,590Total liabilities and capital
  • $559,916Total liabilities
  • $486,820Total deposits
  • $559,916Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $21,500Trading liabilities
  • $0Other borrowed funds
  • $22,174Subordinated debt
  • $88,611All other liabilities
  • $88,611Total equity capital
  • $88,611Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $1,500Surplus
  • $87,111Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,039Income earned, not collected on loans
  • $369Earning assets
  • $2,589Long-term assets (5+ years)
  • $631,791Average Assets, year-to-date
  • $368,044Average Assets, quarterly
  • $672,386Volatile liabilities
  • $686,903Insider loans
  • $403,717FHLB advances
  • $683,966Loans and leases held for sale
  • $19,022Unused loan commitments
  • $16,389Tier 1 (core) risk-based capital
  • $92,950Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,633Total unused commitments
  • $54,834Restructured Loans and leases
  • $1,308Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $28,769Total interest income
  • $7,372Total interest expense
  • $21,397Net interest income
  • $1,780Provision for loan and lease losses
  • $8,460Total noninterest income
  • $0Fiduciary activities
  • $1,152Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,308Additional noninterest income
  • $18,741Total noninterest expense
  • $9,928Salaries and employee benefits
  • $2,265Premises and equipment expense
  • $6,548Additional noninterest expense
  • $9,336Pre-tax net operating income
  • -$337Securities gains (losses)
  • $2,371Applicable income taxes
  • $6,628Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,628Net income attributable to bank
  • $0Net charge-offs
  • $6,628Cash dividends
  • $939Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.77%Yield on earning assets
  • 1.22%Cost of funding earning assets
  • 3.54%Net interest margin
  • 1.40%Noninterest income to earning assets
  • 3.10%Noninterest expense to earning assets
  • 1.02%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 7.70%Return on equity (ROE)
  • 7.70%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 189.56%Credit loss provision to net charge-offs
  • 11.84%Efficiency ratio
  • 62,769Assets per employee
  • 4.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.95%Loss allowance to noncurrent loans
  • 60.11%Noncurrent assets plus other real estate owned to assets
  • 1.05%Noncurrent loans to loans
  • 1.59%Net loans and leases to deposits
  • 78.50%Net loans and leases to core deposits
  • 81.02%Equity capital to assets
  • 12.80%Core capital (leverage) ratio
  • 13.59%Tier 1 risk-based capital ratio
  • 23.02%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $672,386Average earning assets
  • $86,066Average equity
  • $603,750Average loans

List of branches

  • 9 Connecticut Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012174Thomaston Savings Bank203 Main Street, Thomaston, CT 6787October 01, 1874Full Service Brick and Mortar
    1244558Terryville Branch203 Main Street, Terryville, CT 6786October 02, 1961Full Service Brick and Mortar
    2244559Watertown Branch565 Main Street, Watertown, CT 6795October 01, 1951Full Service Brick and Mortar
    3244560Harwinton Branch160 Litchfield Road, Harwinton, CT 6791March 22, 1975Full Service Brick and Mortar
    4244561Bethlehem Branch73 Main Street South, Bethlehem, CT 6751June 07, 1995Full Service Brick and Mortar
    5244562South Main Street Branch508 South Main Street, Thomaston, CT 6787January 05, 1998Full Service Brick and Mortar
    6362618Waterbury Branch985 Watertown Avenue, Waterbury, CT 6708October 22, 2001Full Service Brick and Mortar
    7462795Middlebury Branch1655 Straits Turnpike, Middlebury, CT 6762April 23, 2007Full Service Brick and Mortar
    8491188Highland Avenue Waterbury Branch824 Highland Avenue, Waterbury, CT 6708May 13, 2009Full Service Brick and Mortar

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