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


Union Savings Bank - Overview

  • General
  • FDIC Certificate #: 18190
    Status: Active
    Federal Reserve ID: 443205
    Date Established: July 01, 1866
    WWW: http://www.unionsavings.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 29 (Domestic: 28, Interstate: No)
    OTS Docket #: 7397
    FDIC's unique #: 12110
    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: November 09, 2011
    Last Structure Change Process Date: November 30, 2011
    Last Data Update: November 30, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 226 Main Street, Danbury, CT 6810
    County: Fairfield
    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): Danbury, CT (#1930)
    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): Bridgeport-Stamford-Norwalk, CT (#14860)
    CBSA Metro Statistical Area: Bridgeport-Stamford-Norwalk, CT (#14860)
  • Financial Summary
  • Total assets: $2,496.5 mil
    Equity capital: $178.5 mil
    Deposits held in domestic offices: $1,625.1 mil
    Return on assets (ROA): 0.32% ($8.0 mil)
    Quarterly return on assets: 0.27% ($6.7 mil)
    Return on Equity (ROE): 4.28% ($7.6 mil)
    Quarterly return on equity: 3.72% ($6.6 mil)
    Net income: $7.8 mil
    Quarterly Net income: $1.7 mil
    Pretax return on assets: 0.46% ($11,483.7 mil)
    Quarterly Pretax return on assets: 0.40% ($9,985.8 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
  • 420Total employees (full-time equivalent)
  • $2,496,462Total assets
  • $87,830Cash and due from depository institutions
  • $47,238Interest-bearing balances
  • $405,714Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,802,443Net loans & leases
  • $14,489Loan loss allowance
  • $0Trading account assets
  • $56,732Bank premises and fixed assets
  • $3,096Other real estate owned
  • $23,166Goodwill and other intangibles
  • $2,496,462Life insurance assets
  • $117,481All other assets
  • $2,318,002Total liabilities and capital
  • $1,625,128Total liabilities
  • $1,347,869Total deposits
  • $1,625,128Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 205338.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $442,569Trading liabilities
  • $0Other borrowed funds
  • $44,967Subordinated debt
  • $178,460All other liabilities
  • $178,460Total equity capital
  • $178,460Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $177,460Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $62,163Income earned, not collected on loans
  • $4,482Earning assets
  • $8,058Long-term assets (5+ years)
  • $2,255,395Average Assets, year-to-date
  • $1,359,168Average Assets, quarterly
  • $2,445,622Volatile liabilities
  • $2,485,314Insider loans
  • $1,601,945FHLB advances
  • $2,475,345Loans and leases held for sale
  • $50,236Unused loan commitments
  • $46,198Tier 1 (core) risk-based capital
  • $176,157Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,038Total unused commitments
  • $250,978Restructured Loans and leases
  • $23,286Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $105,561Total interest income
  • $29,381Total interest expense
  • $76,180Net interest income
  • $7,666Provision for loan and lease losses
  • $13,227Total noninterest income
  • $2,532Fiduciary activities
  • $6,116Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,579Additional noninterest income
  • $71,924Total noninterest expense
  • $41,599Salaries and employee benefits
  • $9,405Premises and equipment expense
  • $20,920Additional noninterest expense
  • $9,817Pre-tax net operating income
  • $1,383Securities gains (losses)
  • $3,379Applicable income taxes
  • $7,821Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,821Net income attributable to bank
  • $0Net charge-offs
  • $7,821Cash dividends
  • $4,835Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.79%Yield on earning assets
  • 1.33%Cost of funding earning assets
  • 3.45%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 3.26%Noninterest expense to earning assets
  • 0.28%Net operating income to assets
  • 0.32%Return on assets (ROA)
  • 0.46%Pretax return on assets
  • 4.28%Return on equity (ROE)
  • 4.28%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 158.55%Credit loss provision to net charge-offs
  • 3.62%Efficiency ratio
  • 79,447Assets per employee
  • 5.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.80%Loss allowance to noncurrent loans
  • 23.31%Noncurrent assets plus other real estate owned to assets
  • 2.61%Noncurrent loans to loans
  • 3.42%Net loans and leases to deposits
  • 110.91%Net loans and leases to core deposits
  • 121.82%Equity capital to assets
  • 7.15%Core capital (leverage) ratio
  • 7.12%Tier 1 risk-based capital ratio
  • 11.00%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $2,445,622Average earning assets
  • $182,593Average equity
  • $2,205,622Average 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
  • $306,894Managed Assets
  • 1Number of Accounts
  • $301,167Personal trust and agency accounts
  • $65,013Employee benefit-defined contribution accounts
  • $1,354Employee benefit-defined benefit accounts
  • $20,423Other retirement accounts
  • $31,637Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $117,619Other fiduciary accounts
  • $65,121Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 519Number of Accounts
  • $0Personal trust and agency accounts
  • $31,637Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $5,727Other retirement accounts
  • $3,387Corporate trust and agency accounts
  • $2,340Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 29 Connecticut Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012110Union Savings Bank226 Main Street, Danbury, CT 6810July 01, 1866Full Service Brick and Mortar
    1244192North Street Branch126 North St, Danbury, CT 6811Febuary 29, 1972Full Service Brick and Mortar
    2244193Brookfield Branch200 Federal Road, Brookfield, CT 6804May 31, 1973Full Service Brick and Mortar
    3244194New Fairfield BranchRoute 39, New Fairfield, CT 6812August 23, 1974Full Service Brick and Mortar
    4244195Mill Plain Branch100 Mill Plain Road, Danbury, CT 6810October 18, 1979Full Service Brick and Mortar
    5180690Candlewood Valley Mall Branch169 Danbury Rd, New Milford, CT 6776December 03, 1962Full Service Brick and Mortar
    6180689Kent BranchKent Shopping Center, Route 7, Kent, CT 6757August 09, 1960Full Service Brick and Mortar
    7180692Sharon BranchRoute 41, Sharon, CT 6069July 14, 1961Full Service Brick and Mortar
    839980Greenwood Branch24 Grassy Plain Street, Bethel, CT 6801Febuary 18, 1989Full Service Brick and Mortar
    15244196So Main Branch158 Main Street, Danbury, CT 6810March 02, 1996Full Service Brick and Mortar
    16244197Commerce Branch71 Newtown Road, Danbury, CT 6810March 02, 1996Full Service Brick and Mortar
    18244199Newtown Branch1a Commerce Road, Newtown, CT 6470March 02, 1996Full Service Brick and Mortar
    19244200Brookfield Ii Branch828 Federal Rd, Brookfield, CT 6804March 02, 1996Full Service Brick and Mortar
    20358848New Milford Branch41 East Main Street, New Milford, CT 6776July 28, 2000Full Service Brick and Mortar
    21364234Danbury Road Branch100 Danbury Road, Ridgefield, CT 6877July 01, 2002Full Service Brick and Mortar
    22423029Bridgewater Branch29 Main Street, Bridgewater, CT 6752September 22, 2003Full Service Brick and Mortar
    23440463Southbury Branch406 Main Street, Southbury, CT 6488May 16, 2005Full Service Brick and Mortar
    24445597Bethel Branch79 Stony Hill Road, Bethel, CT 6801October 24, 2005Full Service Brick and Mortar
    251642First National Bank Of Litchfield BrNorth Street, Litchfield, CT 6759January 01, 1814Full Service Brick and Mortar
    26192813Marble Dale BranchU S 202, Marble Dale, CT 6777October 14, 1963Full Service Brick and Mortar
    27192814Washington Depot BranchBryan Plaza, Washington Depot, CT 6794July 26, 1954Full Service Brick and Mortar
    28192815Roxbury BranchRoute 67, Box 301, Roxbury, CT 6783May 15, 1989Full Service Brick and Mortar
    29192816Goshen BranchBox 32, #4 Sharon Turnpike, Goshen, CT 6756November 04, 1989Full Service Brick and Mortar
    30192817Hilltop Branch1057 Torringford Street, Torrington, CT 6790November 05, 1996Full Service Retail
    31422398Torrington North Branch397 Main Street, Torrington, CT 6790March 24, 2003Full Service Brick and Mortar
    32448873Canton Branch188 Albany Turnpike, Canton, CT 6019Febuary 01, 2006Full Service Brick and Mortar
    33454522New Milford Branch100 Park Lane Road (Suite 202), New Milford, CT 6776July 01, 2006Full Service Brick and Mortar
    34510118Newtown South Main Street Branch274 South Main Street, Newtown, CT 6470March 01, 2010Full Service Brick and Mortar
    35528888Monroe Branch411 Monroe Turnpike, Monroe, CT 6468June 13, 2011Full Service Brick and Mortar

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