Stafford Savings Bank


Overview / Commentary
860-684-4261
2 Furnace Avenue
Stafford Springs, CT 06076

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.

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Health

Health Grade Components

Overall
FDIC Certificate #18227
Year Established1872
Employees28
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2.24%
Return on Equity - YTD5.47%
Annual Interest Income$2.8MM
Assets and Liabilities
AssetsQ1 2023vs Q1 2022$385.5MM$402.0MM
LoansQ1 2023vs Q1 2022$66.2MM$65.8MM
DepositsQ1 2023vs Q1 2022$191.8MM$202.4MM
Equity CapitalQ1 2023vs Q1 2022$160.9MM$161.4MM
Loan Loss AllowanceQ1 2023vs Q1 2022$1.3MM$1.3MM
Unbacked Noncurrent LoansQ1 2023vs Q1 2022$273.00K$72.00K
Real Estate OwnedQ1 2023vs Q1 2022$0$0
Rates

Rates for Stafford Savings Bank are currently being reviewed.

Locations


Stafford Savings Bank Locations
Stafford Savings Bank2 Furnace AveStafford Springs, CT 06076
Brookside Professional Center Branch74 West Stafford RoadStafford Springs, CT 06076
Plaza Branch85 West Stafford RoadStafford Springs, CT 06076

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