Collinsville Savings Society

136 Main Street
Canton, CT 06019

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 18223
Date Established 1853
Assets $0.16 billion
Loans $0.14 billion
Deposits $0.13 billion
Capital $0.02 billion

Collinsville Savings Society is an FDIC insured institution located in Canton, CT. It was founded in 1853 and has approximately $0.16 billion in assets. Customers can open an account at one of its 2 branches.

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

Bank Loan Profile?

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

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

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 56.28
Multifamily
Mortgages
1.17
Credit Card Loans 0.00
Consumer Auto Loans 2.73
Small Business Loans 17.08
Construction and Development Loans 3.11
Commercial Real Estate 26.71
Commercial and Industrial Loans 10.82
Farm Loans 0.00

Deposit Rates - November 14, 2018

Your Current Location: Virginia, VA 20146

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

Advertiser Disclosure

Loan Rates - November 14, 2018

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 2.74% 2.74% $724.17
4 Year 3.50% 3.50% $558.90
5 Year 4.24% 4.24% $463.13
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 Savings Society 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:
Ashburn,Virginia


Collinsville Savings Society Locations

Financial Details

Collinsville Savings Society Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Collinsville Savings Society. 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 Savings Society U.S. Bank Average
6.15% 7.92%

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 June 30, 2018, Collinsville Savings Society had $998,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $15,023,000 in equity and $1,196,000 in loans loss reserves. That gives it a Texas Ratio of 6.15%.

Return on Equity
Collinsville Savings Society U.S. Bank Average
5.26% 9.77%

Collinsville Savings Society has a Return on Equity of 5.26% versus the BestCashCow average of 9.77%. 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 Savings Society U.S. Bank Average
9.15% 12.31%

Collinsville Savings Society has a Capitalization of 9.15% versus the BestCashCow average of 12.31. 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 Savings Society Balance Sheet Analysis

As of June 30, 2018, Collinsville Savings Society had assets of $164,189,000, loans of $137,900,000, and deposits of $128,516,000. 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

June 30, 2018
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) 92.88%
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

June 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.00 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

Frequently Asked Questions About Collinsville Savings Society

Branches and Savings

Is Collinsville Savings Society FDIC insured?

Yes. It is covered under FDIC Certificate #18223.

Why does Collinsville Savings Society pay such low interest on savings accounts?

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

Why are Collinsville Savings Society CD rates not competitive?

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

Is Collinsville Savings Society a commercial bank?

Yes

Where are Collinsville Savings Society locations?

See branch locations nearby.

Is Collinsville Savings Society open on Saturdays?

Is Collinsville Savings Society open on Sundays?

What time does Collinsville Savings Society open?

What time does Collinsville Savings Society close?

Are Collinsville Savings Society ATMs Open 24/7?

Do Collinsville Savings Society ATMs accept cash deposits?

Can Collinsville Savings Society customers use other ATMs?

Do Collinsville Savings Society branches have notaries?

Will Collinsville Savings Society notarize my document?

What address for Collinsville Savings Society should I put for incoming ACH transfers?

Will the Collinsville Savings Society branch print checks?

Do Collinsville Savings Society checks expire?

Does Collinsville Savings Society require US citizenship to open account?

Can Collinsville Savings Society close my account?

Does Collinsville Savings Society Report to credit bureaus?

Does Collinsville Savings Society Use Equifax?

What is Collinsville Savings Society's ACH Routing Number?

What is Collinsville Savings Society's SWIFT code?

Products

Does Collinsville Savings Society offer mortgages?

Compare mortgage rates here.

Does Collinsville Savings Society offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Collinsville Savings Society offer personal loans?

Compare personal loan rates here.

Does Collinsville Savings Society offer student loans?

Will Collinsville Savings Society cash a check?

Will Collinsville Savings Society redeem a savings bond?

Does Collinsville Savings Society cash savings bonds?

Will Collinsville Savings Society cash money orders?

Can Collinsville Savings Society issue a money order?

Does Collinsville Savings Society do currency exchange?

Background on The Bank

Who owns Collinsville Savings Society?

How long has Collinsville Savings Society been around?

Can Collinsville Savings Society transfer to other banks?

Does Collinsville Savings Society have quick pay?

Does Collinsville Savings Society accept rolled coins?

Will Collinsville Savings Society accept loose change?

Where is Collinsville Savings Society headquarters?

Customer Reviews for Collinsville Savings Society


  • Rick Baxley

    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

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