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Overview 2021
General Bank Information
FDIC Insured
Yes
FDIC Certificate
# 33999
Date Established
1995
Assets
$ 480.91 million
Loans
$ 366.61 million
Deposits
$ 475.30 million
Capital
$ 43.46 million
Summary Balance Sheet
ASSETS
Cash & Balances due from depository institutions
$ 116.04 million
Interest-bearing balances
$ 102.47 million
Total securities
$ 26.25 million
Federal funds sold and reverse repurchase
N.A.
Net loans and leases
$ 366.61 million
Loan loss allowance
$ 3.95 million
Trading account assets
N.A.
Bank premises and fixed assets
N.A.
Other real estate owned
N.A.
Goodwill and other intangibles
$ 2.83 million
All other assets
$ 18.87 million
Total Assets
$ 488.42 million
LIABILITIES
Total deposits
$ 475.30 million
Interest-bearing deposits
$ 329.39 million
Deposits held in domestic offices
$ 475.30 million
% insured (estimated)
64.85%
Federal funds purchased and repurchase agreements
$ 1.61 million
Trading liabilities
N.A.
Other borrowed funds
$ 3.82 million
Subordinated debt
N.A.
All other liabilities
$ 7.69 millionn
Total Liabilities
$ 488.42 million
Shareholders’ Equity
N.A.
Summary Income Statement
INCOME AND EXPENSES
Total Interest Income
$ 14.02 million
Total Interest Expense
$ 1.62 million
Net interest income
$ 12.39 million
Provision for loan and lease losses
$ 0.29 million
Total non interest income
$ 2.02 million
Total non interest expense
$ 10.43 million
Pre-tax Net Operating Income
$ 3.70 million
The Simsbury Bank & Trust Company is an FDIC insured institution headquartered at
981 Hopmeadow Street, Simsbury, CT 6070.
It was founded in
1995 and has approximately $0 billion in
assets. Customers can open an account at one of its 6 branches.
