Collinsville Bank

136 Main Street
Canton, CT 06019

Notable Rates APY Vs.Others
Savings N.A. 2.20% →
1-Year CD N.A. 2.20% →
2-Year CD N.A. 2.20% →
5-Year CD N.A. 2.60% →
30-Year Mortgage 4.18% 3.31% →
15-Year Mortgage 3.71% 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Bank Information

Collinsville Bank is an FDIC insured institution located in Canton, CT. It was founded in 1853 and has approximately $0.17 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 18223
Date Established 1853
Assets $0.17 billion
Loans $0.14 billion
Deposits $0.13 billion
Capital $0.02 billion
 

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 - February 18, 2020

Your Current Location: Connecticut, CT 06828

There are currently no rates available for Collinsville Bank, but see these great savings and CD rates:

Advertiser Disclosure

Loan Rates - February 18, 2020

Your Current Location: Connecticut, CT 06828

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.

Branches

Collinsville Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


Collinsville Bank Locations


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 BestCashCow.com 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
5.99% 6.70%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2019, Collinsville Bank had $1,021,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $15,752,000 in equity and $1,287,000 in loans loss reserves. That gives it a Texas Ratio of 5.99%.

Return on Equity
Collinsville Bank U.S. Bank Average
4.81% 9.72%

Collinsville Bank has a Return on Equity of 4.81% versus the BestCashCow average of 9.72%. 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.

Capitalization
Collinsville Bank U.S. Bank Average
9.5% 12.89%

Collinsville Bank has a Capitalization of 9.5% versus the BestCashCow average of 12.89. 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 September 30, 2019, Collinsville Bank had assets of $165,765,000, loans of $139,264,000, and deposits of $132,409,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.14 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.15 billion
LIABILITIES
Total deposits $0.13 billion
      Interest-bearing deposits $0.10 billion
      Deposits held in domestic offices $0.13 billion
      % insured (estimated) 79.31%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.02 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.15 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

September 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

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

Compared to other banks in Connecticut, Collinsville Bank has a significantly higher percent of Consumer Auto 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 55.88
Multifamily
Mortgages
1.42
Credit Card Loans 0.00
Consumer Auto Loans 3.06
Small Business Loans 0.00
Construction and Development Loans 2.96
Commercial Real Estate 27.00
Commercial and Industrial Loans 10.59
Farm Loans 0.00

Frequently Asked Questions About Collinsville Bank

Branches and Savings

Is Collinsville Bank FDIC insured?

Yes. It is covered under FDIC Certificate #18223.

Why does Collinsville Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Collinsville Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Collinsville Bank a commercial bank?

Yes

Where are Collinsville Bank locations?

See branch locations nearby.

Is Collinsville Bank open on Saturdays?

Is Collinsville Bank open on Sundays?

What time does Collinsville Bank open?

What time does Collinsville Bank close?

Are Collinsville Bank ATMs Open 24/7?

Do Collinsville Bank ATMs accept cash deposits?

Can Collinsville Bank customers use other ATMs?

Do Collinsville Bank branches have notaries?

Will Collinsville Bank notarize my document?

What address for Collinsville Bank should I put for incoming ACH transfers?

Will the Collinsville Bank branch print checks?

Do Collinsville Bank checks expire?

Does Collinsville Bank require US citizenship to open account?

Can Collinsville Bank close my account?

Does Collinsville Bank Report to credit bureaus?

Does Collinsville Bank Use Equifax?

What is Collinsville Bank's ACH Routing Number?

What is Collinsville Bank's SWIFT code?

Products

Does Collinsville Bank offer mortgages?

Compare mortgage rates here.

Does Collinsville Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Collinsville Bank offer personal loans?

Compare personal loan rates here.

Does Collinsville Bank offer student loans?

Will Collinsville Bank cash a check?

Will Collinsville Bank redeem a savings bond?

Does Collinsville Bank cash savings bonds?

Will Collinsville Bank cash money orders?

Can Collinsville Bank issue a money order?

Does Collinsville Bank do currency exchange?

Background on The Bank

Who owns Collinsville Bank?

How long has Collinsville Bank been around?

Can Collinsville Bank transfer to other banks?

Does Collinsville Bank have quick pay?

Does Collinsville Bank accept rolled coins?

Will Collinsville Bank accept loose change?

Where is Collinsville Bank headquarters?

Customer Reviews for Collinsville Bank


  • April 10, 2015

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

    156 Killingworth Rd.
    Higganum, CT 06441

Add Your Review

Rate it here →