The Torrington Savings Bank in city_name, state_name - Detailed Financial Reports, Location

The Torrington Savings Bank in Torrington, Connecticut (CT)
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The Torrington Savings Bank routing number info

The Torrington Savings Bank - Overview

General
FDIC Certificate #: 16636
Status: Active
Federal Reserve ID: 65205
Date Established: August 15, 1868
WWW: http://www.torringtonsavings.com
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

No	ID	Name	Address	Established	Service Type
0	10776	The Torrington Savings Bank	129 Main Street, Torrington, CT 6790	August 15, 1868	Full Service Brick and Mortar
1	238518	North End Branch	635 Main Street, Torrington, CT 6790	November 18, 1953	Full Service Brick and Mortar
2	12113	Falls Village Branch	Routes 7 And 126, Falls Village, CT 6031	January 01, 1854	Full Service Brick and Mortar
3	238519	Burlington Branch	258 Spielman Highway, Burlington, CT 6013	Febuary 14, 1973	Full Service Brick and Mortar
4	238520	Goshen Branch	55 Sharon Turnpike, Goshen, CT 6756	November 01, 1976	Full Service Brick and Mortar
5	362679	Dibble Street Branch	235 Dibble Street, Torrington, CT 6790	December 12, 2001	Full Service Brick and Mortar
6	440002	Mason Street Branch	30 Mason Street, Torrington, CT 6790	April 25, 2005	Limited Service Trust
7	522184	New Hartford Branch	518 Main Street, New Hartford, CT 6057	August 25, 2011	Full Service Brick and Mortar

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

The Torrington Savings Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

The Torrington Savings Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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