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Balance Sheet
Financial Highlights
2019 FQ2 YTD
6/30/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Assets ($000)
Cash and Due from Banks 14,885 14,678 13,066 10,976 8,933
Fed Funds Sold 0 0 185 150 149
Deposits at Financial Institutions 38,843 17,054 25,103 11,036 21,045
Securities Purchased, to Resell 0 0 0 0 0
Other Cash & Cash Equivalents 61 1,051 388 95 13
Cash and Cash Equivalents 53,789 32,783 38,742 22,257 30,140
Trading Account Securities 0 0 0 0 0
Available for Sale Securities 27,681 41,255 51,656 58,728 71,517
Held to Maturity Securities 0 0 0 0 0
Other Securities 575 903 903 2,896 2,047
Total Cash & Securities 82,045 74,941 91,301 83,881 103,704
Gross Loans Held for Investment 376,574 388,359 396,413 409,164 326,723
Loan Loss Reserve 3,752 4,387 4,088 3,753 3,028
Loans Held for Sale, before Reserves 4,060 2,154 2,259 2,801 2,167
Total Net Loans 376,882 386,126 394,584 408,212 325,862
Real Estate Owned and Held for Investment 0 0 192 0 0
Goodwill 0 0 0 0 0
Core Deposit Intangibles 0 0 0 0 0
Other Intangibles 0 0 0 0 0
Intangible Assets other than Goodwill 0 0 0 0 0
Total Intangible Assets 0 0 0 0 0
Loan Servicing Rights NA 2,838 2,352 1,996 2,039
Credit Card Rights 0 0 0 0 0
Other Loan Servicing Rights 0 0 0 0 0
Total Servicing Rights NA 2,838 2,352 1,996 2,039
Fixed Assets 1,265 1,450 1,863 1,905 1,420
Interest Receivable 1,124 1,232 1,402 1,301 1,143
Prepaid Expense NA NA NA NA NA
Bank-owned Life Insurance 9,714 9,602 9,370 9,130 7,389
Other Assets 9,887 2,487 2,961 3,574 3,223
Total Other Assets 21,990 14,771 15,596 15,910 13,175
Total Assets 480,917 478,676 504,025 509,999 444,780
Memo: Consolidated VIE Assets NA NA NA NA NA
Memo: Covered Loans 0 0 0 0 0
Memo: Covered OREO 0 0 0 0 0
Memo: Covered Securities 0 0 0 0 0
Memo: Covered Assets 0 0 0 0 0
Liabilities ($000)
Total Deposits 425,126 428,045 457,400 413,764 372,642
FHLB Borrowings 3,748 3,748 2,318 54,058 31,500
Senior Debt 5,139 5,872 4,767 56,752 33,415
Trust Preferred (FAS 150) 0 0 0 0 0
Total Subordinated Debt 7,324 7,310 7,281 7,252 7,230
Redeemable Financial Instruments (FAS 150) 0 0 0 0 0
Total Debt 12,463 13,182 12,048 64,004 40,645
Total Other Liabilities 6,207 2,320 2,358 1,944 1,751
Total Liabilities 443,796 443,547 471,806 479,712 415,038
Memo: Consolidated VIE Liabilities NA NA NA NA NA
Mezzanine ($000)
Redeemable Preferred 0 0 0 0 0
Trust Preferred Securities 0 0 0 0 0
Total Minority Interest 0 0 0 0 0
Other Mezzanine Items 0 0 0 0 0
Total Mezzanine Level Items 0 0 0 0 0
Equity ($000)
TARP Preferred Equity 0 0 0 0 0
Other Preferred Equity 0 0 0 0 0
Total Preferred Equity 0 0 0 0 0
Common Equity 37,121 35,129 32,219 30,287 29,742
Equity Attributable to Parent Company 37,121 35,129 32,219 30,287 29,742
Noncontrolling Interests 0 0 0 0 0
Total Equity 37,121 35,129 32,219 30,287 29,742
Net Unrealized Gain (222) (998) (444) (563) (189)
Tot Acc Other Comprehensive Inc (222) (998) (444) (563) (189)
Balance Sheet Analysis (%)
Gross Loans HFI/ Total Assets 78.30 81.13 78.65 80.23 73.46
Loans/ Deposits 88.58 90.73 86.67 98.89 87.68
Loan Loss Reserves/ Gross Loans 0.99 1.12 1.03 0.91 0.92
Reserves/ Loans Held For Investment 1 1.13 1.03 0.92 0.93
One Year Gap/ Assets NA NA (11.98) (18.89) (17.96)
1-4 Loans Serviced for Others($000) NA 380,200 351,000 303,400 234,800
Level 1 Assets($000) NA 0 0 0 0
Level 2 Assets($000) NA 41,255 51,656 58,728 71,517
Level 3 Assets($000) NA 51 239 0 2,935
Level 1 Liabilities($000) NA 0 0 0 NA
Level 2 Liabilities($000) NA 0 0 0 NA
Level 3 Liabilities($000) NA 45 52 0 NA
FTE Employees(actual) 63 69 70 82 84
Annualized Growth Rates (%)
Asset Growth 0.94 (5.03) (1.17) 14.66 8.79
Gross Loans HFI Growth (6.07) (2.03) (3.12) 25.23 14.18
Deposit Growth (1.36) (6.42) 10.55 11.04 4.66
Average Balances ($000)
Avg Gross Loans HFI 383,196 393,821 405,759 370,339 302,201
Avg Loans HFS 3,205 2,344 3,510 4,676 5,234
Average Loans, Gross of Reserves 386,401 396,165 409,858 374,558 304,529
Avg Securities NA NA 60,926 72,269 79,378
Avg Other Int Earn Assets NA NA 19,045 10,317 13,032
Avg Secs & Other Int Earn Assets 90,166 85,089 79,971 82,586 92,410
Avg Interest Earning Assets 476,567 481,254 489,829 457,144 396,939
Avg Assets 493,458 506,446 513,301 479,851 417,124
Avg CDs NA NA 67,832 61,135 58,761
Avg Other Interest-bearing Deposits NA NA 242,225 212,692 191,133
Avg Interest-bearing Deposits NA NA 310,057 273,827 249,894
Avg Debt NA NA 38,469 47,375 22,291
Avg Interest-bearing Liabs NA NA 348,526 321,202 272,185
Avg Noninterest-bearing Deposits NA NA 131,073 126,262 112,057
Avg Total Deposits 438,945 457,000 441,130 400,089 361,951
Avg Preferred Equity 0 0 0 0 8,649
Avg Common Equity 36,270 33,135 31,812 30,897 22,792
Avg Equity 36,270 33,135 31,812 30,897 31,441
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.

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