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Overview / Commentary
800-222-9801
5 Bissell St
Lakeville, CT 06039

Salisbury Bank is headquartered in Lakeville and is the 19st largest bank in the state of Connecticut. It is also the 1,132nd largest bank in the nation. It was established in 1874 and as of March of 2014, it had grown to 125 employees at 8 locations. Salisbury Bank's savings rates are 92% higher than the national average, and it has a B+ health rating.

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Reviews (2)

Love This Bank!

Love this bank! And to the above poster, there are 8 branches: Salisbury CT, Sharon CT, Lakeville CT, Canaan CT, Egremont MA, Sheffield MA, Dover Plains NY, Millerton NY.

Salisbury Bank Review

I have had about 8 years worth of experience with Salisbury bank, all of which has been positive. Their employees are very helpful and are always extremely nice. They have never bugged me about new promotions or offers as many banks do. The only problem I have with this bank is that there are only 3 branches which can be inconvenient.



Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
B+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Salisbury Bank had $8.16 million in non-current loans and owned real-estate with $68.66 million in equity and loan loss allowances on hand to cover it. This gives Salisbury Bank a Texas Ratio of 11.88% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for Salisbury Bank decreased slightly from 13.39% as of March 31, 2013 to 11.88% as of March 31, 2014, resulting in a positive change of 11.25%.This indicates that the balance sheet and financial strength for Salisbury Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
C

In the past year, Salisbury Bank has decreased its total deposits by -$10.16 million, resulting in -2.04% 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 Salisbury Bank has shown is average.

Capitalization

GRADE:
A

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. Salisbury Bank has $589.77 million in assets with $68.66 million in equity, resulting in a capitalization level of 11.64%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #18467
Year Established1874
Employees125
Primary RegulatorFDIC
Assets and Liabilities
Assets$589.77 million
Loans$446.64 million
Deposits$487.89 million
Equity Capital$63.77 million
Loan Loss Allowance$4.89 million
Unbacked Noncurrent Loans$7.78 million
Real Estate Owned$377,000
Historic Data - March 2013
Assets$597.34 million
Equity Capital$62.02 million
Loan Loss Allowance$4.69 million
Unbacked Noncurrent Loans$7.78 million
Real Estate Owned$712,000
Profit Margin - Quarterly
Net Interest Margin3.53%
Return on Assets0.42%
Return on Equity3.89%
Interest Income$5.44 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Salisbury Bank, we are a rate comparison website and can not provide official rates or promotions.

Salisbury Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.00%$100k-Health Savings Account
0.35%$500-Retirement Savers IRA
0.35%$500-Retirement Savers Roth IRA
0.25%--Vacation Club
0.25%--School Savings
0.25%--Holiday Club
0.20%$50k-Relationship Savings
0.20%$100k-Savings Plus
0.20%$50k-Business Relationship Savings
0.10%--Personal Statement Savings
0.10%--Business Statement Savings

Salisbury Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$250k-Business Money Market
0.15%$25k$500kPremier Personal Money Market

Salisbury Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
1.50%-$25kInterest Plus Checking - Qualifying
0.05%--Relationship Checking
0.05%$1k-Checking with Interest
0.05%$1k-Business Checking with Interest
0.05%--Lawyer's Trust Account (IOLTA / IOLA)
0.05%--Interest Plus Checking - Non Qualifying

Salisbury Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$1k-60 Months CD
1.00%$1k-60 Months Business CD
0.75%$1k-48 - 59 Months CD
0.75%$1k-48 - 59 Months Business CD
0.60%$1k-36 - 47 Months CD
0.60%$1k-36 - 47 Months Business CD
0.40%$1k-24 - 35 Months CD
0.40%$1k-24 - 35 Months Business CD
0.35%$1k-18 - 23 Months CD
0.35%$1k-18 - 23 Months Business CD
0.30%$1k-16 Months Step-Up CD
0.30%$1k-16 Months Business Step-Up CD
0.25%$1k-12 - 17 Months CD
0.25%$1k-15 Months CD
0.25%$1k-12 - 17 Months Business CD
0.25%$1k-15 Months Business CD
0.20%$1k-6 - 11 Months CD
0.20%$1k-6 - 11 Months Business CD
0.10%$1k-3 - 5 Months CD
0.10%$1k-3 - 5 Months Business CD
0.05%$1k-30 - 89 Days CD
0.05%$1k-30 - 89 Days Business CD

Salisbury Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%$500-60 Months IRA
0.75%$500-48 - 59 Months IRA
0.60%$500-36 - 47 Months IRA
0.40%$500-24 - 35 Months IRA
0.35%$500-18 Months IRA
0.30%$500-16 Months Step-Up IRA
0.25%$500-12 - 17 Months IRA
Locations


Salisbury Bank Locations
The Canaan National Bank Branch100 Main StreetCanaan, CT 6018
Salisbury Branch18 Main StreetSalisbury, CT 6068
Sharon Branch29 Low RoadSharon, CT 6069
Salisbury Bank and Trust Company5 Bissell StLakeville, CT 6039
Dover Village Plaza Branch5 Dover Village PlazaDover Plains, NY 12522
South Egremont Branch51 Main StreetSouth Egremont, MA 1258
Sheffield Branch640 North Main StreetSheffield, MA 1257
Millerton New York Branch87 Main StreetMillerton, NY 12546