Savings Bank of Danbury is headquartered in Danbury and is the 13th largest bank in the state of Connecticut. It is also the 752nd largest bank in the nation. It was established in 1849 and as of June of 2020, it had grown to 182 employees at 15 locations. Savings Bank of Danbury has an A health rating.
Love SBD
Been using this bank since I got my first checking account when I was around 12. Since then, I've had a bunch of different part time jobs on top of being a student, and they've always been reliable. My only gripe about them for a long time was that they didn't have a mobile check deposit feature, but they've fixed that in the past year or so, so no real complaints anymore. Their mobile app is great, makes transfers in seconds and has up to the minute account activity and balances. Customer service is great too, every time I've been into any of their branches they've been very helpful and friendly, and I know most of the staff by name at this point. Great bank.
Data as of Q2 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 15912 |
| Year Established | 1849 |
| Employees | 182 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.95% |
| Return on Equity - YTD | 8.02% |
| Annual Interest Income | $22.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2020vs Q2 2019 | $1.24B$1.09B |
| Loans | Q2 2020vs Q2 2019 | $1.04B$917.1MM |
| Deposits | Q2 2020vs Q2 2019 | $1.01B$872.2MM |
| Equity Capital | Q2 2020vs Q2 2019 | $141.2MM$131.1MM |
| Loan Loss Allowance | Q2 2020vs Q2 2019 | $10.8MM$8.8MM |
| Unbacked Noncurrent Loans | Q2 2020vs Q2 2019 | $17.8MM$11.8MM |
| Real Estate Owned | Q2 2020vs Q2 2019 | $275.00K$2.5MM |
