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220 Main Street
Danbury, CT 06810

Savings Bank of Danbury is headquartered in Danbury and is the 13st largest bank in the state of Connecticut. It is also the 824th largest bank in the nation. It was established in 1849 and as of March of 2014, it had grown to 171 employees at 17 locations. Savings Bank of Danbury's savings rates are 2X the national average, and it has a B+ 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 Bank of Danbury had $14.08 million in non-current loans and owned real-estate with $92.65 million in equity and loan loss allowances on hand to cover it. This gives Savings Bank of Danbury a Texas Ratio of 15.20% 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 Savings Bank of Danbury decreased dramatically from 26.60% as of March 31, 2013 to 15.20% as of March 31, 2014, resulting in a positive change of 42.86%.This indicates that the balance sheet and financial strength for Savings Bank of Danbury has improved dramatically in recent periods.

Deposit Growth


In the past year, Savings Bank of Danbury has increased its total deposits by $23.84 million, resulting in 3.73% 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 Bank of Danbury 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 Bank of Danbury has $827.1 million in assets with $92.65 million in equity, resulting in a capitalization level of 11.20%, which is excellent.

Institution Statistics

FDIC Certificate #15912
Year Established1849
Primary RegulatorFDIC
Assets and Liabilities
Assets$827.10 million
Loans$687.97 million
Deposits$662.39 million
Equity Capital$85.76 million
Loan Loss Allowance$6.89 million
Unbacked Noncurrent Loans$12.33 million
Real Estate Owned$1.75 million
Historic Data - March 2013
Assets$775.24 million
Equity Capital$77.92 million
Loan Loss Allowance$7.77 million
Unbacked Noncurrent Loans$12.33 million
Real Estate Owned$5.83 million
Profit Margin - Quarterly
Return on Assets0.55%
Return on Equity5.33%
Interest Income$8.06 million

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Savings Bank of Danbury Savings Account Rates

1.25%$10k-Health Savings Account
0.25%--Holiday Club
0.25%--Vacation Club
0.03%--Passbook Savings
0.03%--Statement Savings

Savings Bank of Danbury Money Market Rates

0.15%$250k-Money Market
0.05%$2,500-Money Market Passbook

Savings Bank of Danbury Checking Account Rates

0.10%$50k-Super NOW
0.10%$25k-Priority NOW
0.05%$1k-NOW Checking

Savings Bank of Danbury CD Rates

1.00%$500-5 Year CD
0.75%$500-4 Year CD
0.65%$500-3 Year CD
0.50%$1k-15 Month Bump Up CD
0.45%$500-2 Year CD
0.35%$500-18 Month CD
0.30%$500-9 Month CD
0.25%$500-7 Month CD
0.25%$500-12 Month CD
0.15%$50k-6 Month Liquid CD
0.15%$500-6 Month CD
0.10%$500-3 Month CD

Savings Bank of Danbury has 13 locations. Click to view all Savings Bank of Danbury locations.