Collinsville Bank

Our records indicate that this bank has been acquired by Northwest Community Bank.


136 Main Street
Canton, CT 06019
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Notable Rates APY Vs.Others
Savings N.A. 5.02% →
1-Year CD N.A. 5.25% →
2-Year CD N.A. 5.10% →
5-Year CD N.A. 4.50% →
30-Year Mortgage 7.68% 0.00% →
15-Year Mortgage 7.21% 0.00% →
HELOC 4.99% 0.99% →

2023 Overview

General Bank Information

Collinsville Bank is an FDIC insured institution located in Canton, CT. It was founded in 1853 and has approximately $0.19 billion in assets.

FDIC Insured Yes
FDIC Certificate # 18223
Date Established 1853
Assets $ 185.69 million
Loans $ 145.86 million
Deposits $ 175.12 million
Capital $ 15.74 million

For a more detailed analysis of Collinsville Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - April 1, 2023

Your Current Location: Virginia, VA 20146


Loan Rates - April 1, 2023

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 3.74% 3.74% $735.21
4 Year 4.50% 4.50% $570.09
5 Year 5.24% 5.24% $474.53
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.


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Climate Initiatives

Collinsville Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Collinsville Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Collinsville Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Collinsville Bank U.S. Bank Average
9.48% 8.03%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of September 30, 2022, Collinsville Bank had $1,630,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $15,740,000 in equity and $1,463,000 in loans loss reserves. That gives it a Texas Ratio of 9.48%.

Return on Equity
Collinsville Bank U.S. Bank Average
1.05% 10.00%

Collinsville Bank has a Return on Equity of 1.05% versus the BestCashCow average of 10.00%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Collinsville Bank U.S. Bank Average
8.48% 9.96%

Collinsville Bank has a Capitalization of 8.48% versus the BestCashCow average of 9.96. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Collinsville Bank Balance Sheet Analysis

As of December 31, 2020, Collinsville Bank had assets of $192,106,000, loans of $145,859,000, and deposits of $175,120,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

September 30, 2022
Cash & Balances due from depository institutions $ 22.11 million
Interest-bearing balances $ 19.55 million
Total securities $ 14.18 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 145.86 million
Loan loss allowance $ 1.46 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 5.10 million
     Total Assets $ 176.37 million
Total deposits $ 175.12 million
      Interest-bearing deposits $ 128.66 million
      Deposits held in domestic offices $ 175.12 million
      % insured (estimated) 81.38%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.25 million
      Total Liabilities $ 176.37 million
      Shareholders’ Equity $ 9.32 million

Summary Income Statement

September 30, 2022
Total Interest Income $ 6.66 million
Total Interest Expense $ 1.12 million
Net interest income $ 5.54 million
Provision for loan and lease losses $ 0.17 million
Total non interest income $ 0.91 million
Total non interest expense $ 6.47 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Collinsville Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Connecticut, Collinsville Bank has a significantly higher percent of Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 51.35
Credit Card Loans 0.00
Consumer Auto Loans 2.75
Small Business Loans 18.07
Construction and Development Loans 4.16
Commercial Real Estate 28.16
Commercial and Industrial Loans 12.88
Farm Loans 0.00

Customer Reviews for Collinsville Bank

  • April 10, 2015

    Need refinance 15 yr. fixed $200K. $250K single family home. Credit = 470+. Contact at No cash out. 0 pts.

    156 Killingworth Rd.
    Higganum, CT 06441

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