Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
860-684-4261
12 Furnace Avenue
Stafford Springs, CT 06076

Stafford Savings Bank is headquartered in Stafford Springs and is the 32nd largest bank in the state of Connecticut. It is also the 2,582nd largest bank in the nation. It was established in 1872 and as of December of 2013, it had grown to 32 employees at 3 locations. Stafford Savings Bank has a A health rating.

No reviews have been left for this bank yet. Be the first to review.



Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A+

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 December 31, 2013 Stafford Savings Bank had $1.49 million in non-current loans and owned real-estate with $77.5 million in equity and loan loss allowances on hand to cover it. This gives Stafford Savings Bank a Texas Ratio of 1.93% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Stafford Savings Bank decreased dramatically from 3.36% as of December 31, 2012 to 1.93% as of December 31, 2013, resulting in a positive change of 42.59%.This indicates that the balance sheet and financial strength for Stafford Savings Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
C

In the past year, Stafford Savings Bank has decreased its total deposits by -$3.02 million, resulting in -1.92% 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 Stafford Savings 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. Stafford Savings Bank has $246.55 million in assets with $77.5 million in equity, resulting in a capitalization level of 31.43%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #18227
Year Established1872
Employees32
Primary RegulatorFDIC
Assets and Liabilities
Assets$246.55 million
Loans$77.99 million
Deposits$154.21 million
Equity Capital$76.06 million
Loan Loss Allowance$1.44 million
Unbacked Noncurrent Loans$1.49 million
Real Estate Owned$0
Historic Data - December 2012
Assets$231.51 million
Equity Capital$64.75 million
Loan Loss Allowance$1.45 million
Unbacked Noncurrent Loans$1.49 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.71%
Return on Assets0.93%
Return on Equity3.15%
Interest Income$7.23 million
Rates

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

Stafford Savings Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Passbook Savings
0.10%--Statement Savings

Stafford Savings Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$10k-Premium Account
0.10%$1k-Money Market Account

Stafford Savings Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$100-Now Checking
0.05%$100-Money Market Checking

Stafford Savings Bank CD Rates

DetailsAPYMINMAXPRODUCT
2.00%$500-5 Year CD
1.10%$500-4 Year CD
0.80%$500-3 Year CD
0.60%$500-2 Year CD
0.60%$500-30 Month CD
0.40%$500-18 Month CD
0.35%$500-1 Year CD
0.20%$1k-6 Month CD
0.15%$1k-91 Day CD

Stafford Savings Bank IRA Rates

DetailsAPYMINMAXPRODUCT
2.00%$500-5 Year IRA
1.10%$500-4 Year IRA
0.80%$500-3 Year IRA
0.60%$500-2 Year IRA
0.60%$500-30 Month IRA
0.40%$500-18 Month IRA
0.35%$500-1 Year IRA
Locations


Stafford Savings Bank Locations
Stafford Savings Bank12 Furnace AvenueStafford Springs, CT 6076
Brookside Professional Center Branch74 West Stafford RoadStafford Springs, CT 6076
Plaza Branch85 West Stafford RoadStafford Springs, CT 6076