Overview / Commentary
Stafford Savings Bank is headquartered in STAFFORD SPRINGS and is the 26th largest bank in the state of Connecticut. It is also the 2,096th largest bank in the nation. It was established in 1872 and as of March of 2023, it had grown to 28 employees at 3 locations. Stafford Savings Bank has an A health rating.
Health
Health Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 18227 |
| Year Established | 1872 |
| Employees | 28 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 2.24% |
| Return on Equity - YTD | 5.47% |
| Annual Interest Income | $2.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $385.5MM$402.0MM |
| Loans | Q1 2023vs Q1 2022 | $66.2MM$65.8MM |
| Deposits | Q1 2023vs Q1 2022 | $191.8MM$202.4MM |
| Equity Capital | Q1 2023vs Q1 2022 | $160.9MM$161.4MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $1.3MM$1.3MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $273.00K$72.00K |
| Real Estate Owned | Q1 2023vs Q1 2022 | $0$0 |