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 25th largest bank in the state of Connecticut. It is also the 2,009th largest bank in the nation. It was established in 1872 and as of December of 2024, it had grown to 31 employees at 3 locations. Stafford Savings Bank has an A health rating.

Reviews

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Health

Health Grade Components

Overall
FDIC Certificate #18227
Year Established1872
Employees31
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD5.67%
Return on Equity - YTD12.23%
Annual Interest Income$11.8MM
Assets and Liabilities
AssetsQ4 2024vs Q4 2023$424.9MM$395MM
LoansQ4 2024vs Q4 2023$63.7MM$65.3MM
DepositsQ4 2024vs Q4 2023$181MM$182.6MM
Equity CapitalQ4 2024vs Q4 2023$201MM$176.7MM
Loan Loss AllowanceQ4 2024vs Q4 2023$1.2MM$1.2MM
Unbacked Noncurrent LoansQ4 2024vs Q4 2023$218K$155K
Real Estate OwnedQ4 2024vs Q4 2023$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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