Essex Savings Bank

Essex Savings Bank is headquartered in Essex and is the 33^rd largest bank in the state of Connecticut. It is also the 2,124^th largest bank in the nation. It was established in 1851 and as of March of 2012, it had grown to 115 employees at 5 locations. Essex Savings Bank has a 4-star health rating.

Essex Savings Bank Routing Number: 211170376

Data for Q1 2012

Institution Statistics Essex Savings Bank FDIC Certificate # 17262 BankRate Report View Year Established 1851 Employees 115 Primary Regulator FDIC Assets and Liabilities Assets $307.67 million Loans $221.36 million Deposits $247.17 million Equity Capital $37.34 million Loan Loss Allowance $2.06 million Unbacked Noncurrent Loans $5.49 million Historic Data - March 2011 Assets $291.97 million Equity Capital $35.77 million Loan Loss Allowance $2.04 million Unbacked Noncurrent Loans $2.69 million Real Estate Owned $465,000 Profit Margin - Quarterly Net Interest Margin 3.19% Return on Assets 0.57% Return on Equity 4.68% Interest Income $2.95 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Essex Savings Bank had $5.48 million in non-current loans and owned real-estate with $39.39 million in equity and loan loss allowances on hand to cover it. This gives Essex Savings Bank a Texas Ratio of 13.92% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Essex Savings Bank increased slightly from 8.34% as of March 31, 2011 to 13.92% as of March 31, 2012, resulting in a negative change of 67.00%. This indicates that the balance sheet and financial strength for Essex Savings Bank has declined slightly in recent periods. Deposit Growth In the past year, Essex Savings Bank has increased its total deposits by $19.41 million, resulting in 8.52% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Essex Savings Bank has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Essex Savings Bank has $307.67 million in assets with $39.39 million in equity, resulting in a capitalization level of 12.80%, which is excellent.

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