The Bank of Southern Connecticut

The Bank of Southern Connecticut is headquartered in New Haven and is the 43^rd largest bank in the state of Connecticut. It is also the 4,170^th largest bank in the nation. It was established in 2001 and as of March of 2012, it had grown to 34 employees at 4 locations. The Bank of Southern Connecticut has a 2-star health rating.

The Bank of Southern Connecticut Routing Number: 011110659

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Data for Q1 2012

Institution Statistics The Bank of Southern Connecticut FDIC Certificate # 57251 BankRate Report View Year Established 2001 Employees 34 Primary Regulator FDIC Assets and Liabilities Assets $133.77 million Loans $106.64 million Deposits $121.27 million Equity Capital $10.74 million Loan Loss Allowance $2.40 million Unbacked Noncurrent Loans $6.63 million Real Estate Owned $195,000 Historic Data - March 2011 Assets $157.88 million Equity Capital $12.61 million Loan Loss Allowance $2.50 million Unbacked Noncurrent Loans $7.52 million Real Estate Owned $131,000 Profit Margin - Quarterly Net Interest Margin 3.74% Return on Assets -0.11% Return on Equity -1.38% Interest Income $1.56 million

Institution Health Overall Score: 2 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 The Bank of Southern Connecticut had $6.83 million in non-current loans and owned real-estate with $13.14 million in equity and loan loss allowances on hand to cover it. This gives The Bank of Southern Connecticut a Texas Ratio of 51.96% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for The Bank of Southern Connecticut held steady from 50.62% as of March 31, 2011 to 51.96% as of March 31, 2012, resulting in a negative change of 2.65%. This indicates that the balance sheet and financial strength for The Bank of Southern Connecticut has held steady in recent periods. Deposit Growth In the past year, The Bank of Southern Connecticut has decreased its total deposits by -$22.02 million, resulting in -15.37% 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 The Bank of Southern Connecticut has shown is poor. 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. The Bank of Southern Connecticut has $133.77 million in assets with $13.14 million in equity, resulting in a capitalization level of 9.82%, which is average.

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