Union Savings Bank

Established in 1866

About Union Savings Bank

Union Savings Bank was established on 1866. The bank's headquarters are located at 226 Main Street in Danbury, Connecticut. It has 5 branches.

Union Savings Bank is an FDIC insured bank with FDIC number 18190 managing assets to the value of $2,735,497 as of 12/31/2020.

Union Savings Bank has a Texas ratio of 10.52%.
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

10.52%
Texas Ratio
FDIC Certificate #

18190

Active Insured Since #

1/7/1960

Financial Profile

Dollar figures in thousands (000's)

As of 12/31/2020
Total Assets $2,735,497
Equity Capital $307,049
Total Deposits $2,157,322
Total Liabilities $2,428,448
Total Securities $461,739
Net Loans And Leases $1,828,522
Loan Loss Allowance $17,102
Total Loans And Leases $1,845,624
YTD (as of 12/31/2020)
Return On Assets 0.70%
Return On Equity 6.02%
Total Interest Income $75,491
Total Interest Expense $7,245
Total Non Interest Income $18,230
Total Non Interest Expense $61,184

Headquarters

226 Main Street 6810, Danbury

Union Savings Bank branches near me

272.25 miles
268.90 miles
273.81 miles
272.29 miles
268.41 miles

Total Loans and Leases Statistics

Total Loans and Leases $1,845,624 In thousands (000's) * All data provided by fdic.gov updated 12/31/2020

Union Savings Bank Mortgage Loans Profile

Classic Bank

71.95%

Application Approval Rate

Classic Bank

$458,856

Average Mortgage Loan Amount

Classic Bank

328

Number of Loan Applications

Classic Bank

$234,557

Average Income of Applicants with Approved Loans

Classic Bank

0.94%

Average Cost of Loans

Classic Bank

30.96%

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 Fairfield

Number of Loan Applications
200
Average Loan Amount
$475,405
Approval Rate
74.00%
Average Income of Approved Loans’ Applicants
$252,022

2 Litchfield

Number of Loan Applications
87
Average Loan Amount
$356,356
Approval Rate
67.82%
Average Income of Approved Loans’ Applicants
$206,458

3 New Haven

Number of Loan Applications
23
Average Loan Amount
$569,706
Approval Rate
73.91%
Average Income of Approved Loans’ Applicants
$209,000

4 Hartford

Number of Loan Applications
10
Average Loan Amount
$692,143
Approval Rate
70.00%
Average Income of Approved Loans’ Applicants
$129,200

5 Westchester

Number of Loan Applications
3
Average Loan Amount
$115,000
Approval Rate
33.33%
Average Income of Approved Loans’ Applicants
$155,000

6 Middlesex

Number of Loan Applications
1
Average Loan Amount
$1,415,000
Approval Rate
100.00%
Average Income of Approved Loans’ Applicants
$785,000

Top States by Number of Mortgage Loan Applications

1 Connecticut

Number of Loan Applications
322
Average Loan Amount
$461,309
Approval Rate
72.36%
Average Income of Approved Loans’ Applicants
$235,544

2 New York

Number of Loan Applications
5
Average Loan Amount
$225,000
Approval Rate
40.00%
Average Income of Approved Loans’ Applicants
$127,500

3 Florida

Number of Loan Applications
1
Average Loan Amount
$355,000
Approval Rate
100.00%
Average Income of Approved Loans’ Applicants
$0