Essex Savings Bank

Established in 1851

About Essex Savings Bank

Essex Savings Bank was established on 1851. The bank's headquarters are located at 35 Plains Road in Essex, Connecticut. It has 1 branches.

Essex Savings Bank is an FDIC insured bank with FDIC number 17262 managing assets to the value of $485,522 as of 12/31/2020.

Essex Savings Bank has a Texas ratio of 20.67%.
The bank Texas Ratio is an indicator of the bank's health developed at RBC Capital Markets to measure a financial institution's credit troubles. The lower the Texas Ratio, the healthier the bank.

About the Bank

20.67%
Texas Ratio
FDIC Certificate #

17262

Active Insured Since #

2/10/1953

Financial Profile

Dollar figures in thousands (000's)

As of 12/31/2020
Total Assets $485,522
Equity Capital $51,806
Total Deposits $423,978
Total Liabilities $433,716
Total Securities $978
Net Loans And Leases $327,213
Loan Loss Allowance $2,820
Total Loans And Leases $330,033
YTD (as of 12/31/2020)
Return On Assets 0.20%
Return On Equity 1.75%
Total Interest Income $13,628
Total Interest Expense $1,246
Total Non Interest Income $16,333
Total Non Interest Expense $26,738

Headquarters

35 Plains Road 6426, Essex

Essex Savings Bank branches near me

301.67 miles

Total Loans and Leases Statistics

Total Loans and Leases $330,033 In thousands (000's) * All data provided by fdic.gov updated 12/31/2020

Essex Savings Bank Mortgage Loans Profile

Classic Bank

75.28%

Application Approval Rate

Classic Bank

$273,358

Average Mortgage Loan Amount

Classic Bank

89

Number of Loan Applications

Classic Bank

$187,102

Average Income of Applicants with Approved Loans

Classic Bank

0.00%

Average Cost of Loans

Classic Bank

0.00%

Average Debt to Income Ratio

* All data provided by the Home Mortgage Disclosure Act, at cfpb.gov updated 12/31/2019

Distribution of Mortgage Loans

Top Counties by Number of Mortgage Loan Applications

1 Middlesex

Number of Loan Applications
56
Average Loan Amount
$239,878
Approval Rate
73.21%
Average Income of Approved Loans’ Applicants
$145,722

2 New London

Number of Loan Applications
19
Average Loan Amount
$205,714
Approval Rate
73.68%
Average Income of Approved Loans’ Applicants
$152,231

3 New Haven

Number of Loan Applications
11
Average Loan Amount
$521,000
Approval Rate
90.91%
Average Income of Approved Loans’ Applicants
$448,000

4 Hartford

Number of Loan Applications
2
Average Loan Amount
$195,000
Approval Rate
100.00%
Average Income of Approved Loans’ Applicants
$115,000

5 Fairfield

Number of Loan Applications
1
Average Loan Amount
$0
Approval Rate
0.00%
Average Income of Approved Loans’ Applicants
$0

Top States by Number of Mortgage Loan Applications

1 Connecticut

Number of Loan Applications
89
Average Loan Amount
$273,358
Approval Rate
75.28%
Average Income of Approved Loans’ Applicants
$187,102