Banks | Salisbury Bank and Trust Company

Salisbury Bank and Trust Company


Salisbury Bank and Trust Company is an FDIC insured institution headquartered at 5 Bissell St, Lakeville, CT 6039.
It was founded in 1874 and has approximately $1 billion in assets. Customers can open an account at one of its 14 branches.

Deposit Rates - October 1, 2022

SAVINGS RATES APY MIN
Savings
0.08% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.25% $10,000 Compare
6 Mo CD
0.25% $100,000 Compare
12 Mo CD
0.25% $10,000 Compare
12 Mo CD
0.25% $100,000 Compare
18 Mo CD
0.30% $10,000 Compare
18 Mo CD
0.30% $100,000 Compare
24 Mo CD
0.45% $10,000 Compare
24 Mo CD
0.45% $100,000 Compare
30 Mo CD
0.45% $10,000 Compare
30 Mo CD
0.45% $100,000 Compare
36 Mo CD
0.55% $10,000 Compare
36 Mo CD
0.55% $100,000 Compare
48 Mo CD
0.65% $10,000 Compare
48 Mo CD
0.65% $100,000 Compare
60 Mo CD
0.80% $10,000 Compare
60 Mo CD
0.80% $100,000 Compare
MM RATES APY MIN
Money Market
0.05% $2,500 Compare
Money Market
0.08% $10,000 Compare
Money Market
0.08% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.03% $1
Int Ckg
0.03% $2,500

Overview 2022

General Bank Information

FDIC Insured Yes
FDIC Certificate # 18467
Date Established 1874
Assets $ 1,464.71 million
Loans $ 1,067.29 million
Deposits $ 1,296.69 million
Capital $ 147.89 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 98.86 million
Interest-bearing balances $ 94.08 million
Total securities $ 216.51 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,067.29 million
Loan loss allowance $ 12.92 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 14.53 million
All other assets $ 44.13 million
     Total Assets $ 1,316.82 million

LIABILITIES
Total deposits $ 1,296.69 million
      Interest-bearing deposits $ 926.61 million
      Deposits held in domestic offices $ 1,296.69 million
      % insured (estimated) 62.30%
Federal funds purchased and repurchase agreements $ 8.16 million
Trading liabilities N.A.
Other borrowed funds $ 5.91 million
Subordinated debt N.A.
All other liabilities $ 6.06 millionn
      Total Liabilities $ 1,316.82 million
      Shareholders’ Equity $ 147.89 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 11.12 million
Total Interest Expense $ 0.58 million
Net interest income $ 10.54 million
Provision for loan and lease losses $ 0.36 million
Total non interest income $ 2.91 million
Total non interest expense $ 8.54 million
Pre-tax Net Operating Income $ 4.54 million

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Salisbury Bank and Trust Company Locations

Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    LOCAL CD
    Salisbury Bank and Trust Company
    Bank
    CONNECTICUT
    $50,000
    6 Month
    0.25%
    0.91x (National Avg. - 0.28%)
    $10,000
    -
    SCENARIO
    Year Rate
    0.25%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 125 88
    2 50,125 125 88
    3 50,250 126 88
    4 50,376 126 88
    5 50,502 126 88
    6 50,628 127 89
    7 50,755 127 89
    8 50,882 127 89
    9 51,009 128 89
    10 51,136 128 89
    11 51,264 128 90
    12 51,392 128 90
    13 51,521 129 90
    14 51,650 129 90
    15 51,779 129 91
    16 51,908 130 91
    17 52,038 130 91
    18 52,168 130 91
    19 52,298 131 92
    20 52,429 131 92
    TOTAL $2,560 $1,792
  • 2
    ONLINE CD
    Hingham Savings , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    12 Month
    1.65%
    3.98x (National Avg. - 0.42%)
    $1,000
    -
    SCENARIO
    Year Rate
    1.65%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 825 578
    2 50,825 839 587
    3 51,664 852 597
    4 52,516 867 607
    5 53,383 881 617
    6 54,263 895 627
    7 55,159 910 637
    8 56,069 925 648
    9 56,994 940 658
    10 57,934 956 669
    11 58,890 972 680
    12 59,862 988 691
    13 60,850 1,004 703
    14 61,854 1,021 714
    15 62,874 1,037 726
    16 63,912 1,055 738
    17 64,966 1,072 750
    18 66,038 1,090 763
    19 67,128 1,108 775
    20 68,235 1,126 788
    TOTAL $19,361 $13,553


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