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Overview / Commentary
803 Main Street
Willimantic, CT 06226

Savings Institute Bank & Trust is headquartered in Willimantic and is the 9th largest bank in the state of Connecticut. It is also the 511st largest bank in the nation. It was established in 1842 and as of March of 2014, it had grown to 294 employees at 26 locations. Savings Institute Bank & Trust has a A+ health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


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 Savings Institute Bank & Trust had $8.02 million in non-current loans and owned real-estate with $147.21 million in equity and loan loss allowances on hand to cover it. This gives Savings Institute Bank & Trust a Texas Ratio of 5.45% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Savings Institute Bank & Trust decreased dramatically from 8.49% as of March 31, 2013 to 5.45% as of March 31, 2014, resulting in a positive change of 35.86%.This indicates that the balance sheet and financial strength for Savings Institute Bank & Trust has improved dramatically in recent periods.

Deposit Growth


In the past year, Savings Institute Bank & Trust has increased its total deposits by $289.7 million, resulting in 40.12% 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 Savings Institute Bank & Trust has shown is excellent.



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. Savings Institute Bank & Trust has $1.35 billion in assets with $147.21 million in equity, resulting in a capitalization level of 10.88%, which is above average.

Institution Statistics

FDIC Certificate #18214
Year Established1842
Primary RegulatorOCC
Assets and Liabilities
Assets$1.35 billion
Loans$1.04 billion
Deposits$1.01 billion
Equity Capital$139.96 million
Loan Loss Allowance$7.25 million
Unbacked Noncurrent Loans$5.98 million
Real Estate Owned$2.04 million
Historic Data - March 2013
Assets$946.23 million
Equity Capital$110.62 million
Loan Loss Allowance$6.33 million
Unbacked Noncurrent Loans$5.98 million
Real Estate Owned$999,000
Profit Margin - Quarterly
Net Interest Margin3.25%
Return on Assets0.29%
Return on Equity2.8%
Interest Income$12.04 million

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Savings Institute Bank & Trust Savings Account Rates

0.28%--Variable Rate IRA
0.05%--Statement Savings

Savings Institute Bank & Trust Money Market Rates

0.30%$100k-Premier Choice Money Market
0.25%$50k-Money Market Special

Savings Institute Bank & Trust Checking Account Rates

0.25%-$50ke.SI Rewards Checking™ - Qualifying
0.05%$500-Choice Alliance Checking
0.05%--e.SI Rewards Checking™ - Non Qualifying

Savings Institute Bank & Trust CD Rates

1.25%$500-30 Month CD Special - With Choice Alliance or e.SI Checking
1.21%$500-6 Year CD
1.10%$500-4 Year CD
1.10%$500-5 Year CD
1.01%$500-14 Month CD Special - With Choice Alliance or e.SI Checking
0.99%$500-30 Month CD Special - Without Choice Alliance or e.SI Checking
0.80%$500-3 Year CD
0.75%$500-14 Month CD Special - Without Choice Alliance or e.SI Checking
0.45%$500-2 Year CD
0.30%$1k-13 Month CommonSense Plus CD
0.30%$500-18 Month CD
0.25%$500-1 Year CD
0.20%$500-6 Month CD
0.15%$500-3 Month CD

Savings Institute Bank & Trust has 20 locations. Click to view all Savings Institute Bank & Trust locations.