The Brattleboro Savings & Loan is headquartered in Brattleboro and is the 11st largest bank in the state of Vermont. It is also the 3,301st largest bank in the nation. It was established in 1912 and as of December of 2013, it had grown to 45 employees at 3 locations. The Brattleboro Savings & Loan has a C health rating.
I have been a long time BS&L customer. It is clear that the customer and community driven focus of the bank has changed since George Haynes left the bank. Customer service is now a nightmare. The tellers are borderline incompetent and good service does not exist. Options for banking locations have dwindled and previous long term staff are apparently not at the bank any longer. Getting a simple question answered results in long hold times-and the answer may be different depending on the person asked. Even things as simple as the condition of the building and bank car have slipped, the building is clearly not being cared for. I can not recommend this bank to anyone. I have begun researching other options as it is clear that the new administration simply does not operate to the same standards that the bank operated at before, and the commitment and quality of the teller staff is just not up to par.
BS&L is a great community bank that gives money to the local economy through loans to local business owners, and charitable contributions to the local non-profits and the arts sector. I am proud to call them my bank!
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 The Brattleboro Savings & Loan had $5.4 million in non-current loans and owned real-estate with $16.52 million in equity and loan loss allowances on hand to cover it. This gives The Brattleboro Savings & Loan a Texas Ratio of 32.66% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for The Brattleboro Savings & Loan increased slightly from 22.70% as of December 31, 2012 to 32.66% as of December 31, 2013, resulting in a negative change of 43.89%. This indicates that the balance sheet and financial strength for The Brattleboro Savings & Loan has declined slightly in recent periods.
In the past year, The Brattleboro Savings & Loan has decreased its total deposits by -$3.68 million, resulting in -2.49% 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 Brattleboro Savings & Loan has shown is average.
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 Brattleboro Savings & Loan has $178.76 million in assets with $16.52 million in equity, resulting in a capitalization level of 9.24%, which is average.
|FDIC Certificate #||28837|
|Assets and Liabilities|
|Equity Capital||$14.60 million|
|Loan Loss Allowance||$1.92 million|
|Unbacked Noncurrent Loans||$4.59 million|
|Real Estate Owned||$803,000|
|Historic Data - December 2012|
|Equity Capital||$14.34 million|
|Loan Loss Allowance||$1.85 million|
|Unbacked Noncurrent Loans||$4.59 million|
|Real Estate Owned||$977,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.4%|
|Return on Assets||0.21%|
|Return on Equity||2.6%|
|Interest Income||$6.85 million|
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|0.25%||$50k||-||Indexed Money Market|
|0.20%||-||-||Capital Access Account|
|1.20%||$500||-||60 Month CD|
|0.75%||$500||-||48 Month CD|
|0.50%||$500||-||24 Month CD|
|0.30%||$500||-||12 Month CD|
|0.20%||$500||-||91 Day CD|
|0.20%||$500||-||6 Month CD|
|1.20%||$500||-||60 Month IRA|
|0.75%||$500||-||48 Month IRA|
|0.50%||$500||-||24 Month IRA|
|0.30%||$500||-||12 Month IRA|
|0.20%||$500||-||91 Days IRA|
|0.20%||$500||-||6 Months IRA|
|The Brattleboro Savings & Loan Locations|
|The Brattleboro Savings and Loan Association||221 Main Street||Brattleboro, VT 5301|
|Springfield Branch||85 Main Street||Springfield, VT 5156|
|West Chesterfield Nh Branch||Franklin Pierce Highway||West Chesterfield, NH 3466|