Eastern Connecticut Sb
Norwich, Connecticut · FDIC Cert #28167
Eastern Connecticut Sb is an FDIC-insured bank (Certificate #28167) with $267M in total assets and $238M in total deposits as of the Q2 2024 Call Report. Headquartered in Norwich, Connecticut, the bank maintains a Tier 1 capital ratio of 10.48% (Well-Capitalized) and a nonperforming loan ratio of 1.93%. BankHealthData assigns a composite Health Grade of D (46/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Eastern Connecticut Sb (FDIC cert 28167) is a community bank — $267M in total assets, $238M in deposits, serving the Norwich, Connecticut area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is adequate: Tier 1 capital ratio of 10.48% meets the 8% well-capitalized threshold but does not provide substantial buffer above it. Adequate capital is regulatory-acceptable but leaves less room for absorbing unexpected losses. Asset quality is normal: non-performing loan ratio of 1.93% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is thin: 7.9% liquid-asset ratio. Banks with thin liquidity buffers can face stress during deposit-outflow events or asset-quality shocks.
Profitability is negative: ROA of -0.15% means the bank lost money during the reporting period. Sustained negative ROA erodes capital and triggers escalating regulatory attention. Health-score trend is mildly negative across recent quarters. Mild declines can reflect either specific quarterly events (large one-time provisions, deposit shifts) or the early stages of broader pressure. Eastern Connecticut Sb carries a composite BankHealth grade of D (46/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: Eastern Connecticut Sb
- Total Assets
- $267M
- Total Deposits
- $238M
- Tier 1 Capital Ratio
- 10.48%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 1.93%
- Liquidity Ratio
- 7.89%
- Return on Assets
- -0.15%
- Headquarters
- Norwich, Connecticut
- FDIC Certificate
- #28167
- Health Grade
- D (46/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Eastern Connecticut Sb holds a Tier 1 capital ratio of 10.48%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Eastern Connecticut Sb has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Eastern Connecticut Sb shows some financial weakness with a Health Score of 46/100. This does not mean the bank will fail, but some financial indicators are below average. Your FDIC-insured deposits (up to $250,000) are fully protected by the US government.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How Eastern Connecticut Sb Compares
Eastern Connecticut Sb’s Health Score of 46 is 18 points below the Connecticut state average of 64 across 28 FDIC-insured banks. Its 10.48% Tier 1 capital ratio is 3.5 points below the US banking industry average near 14%. The 1.93% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of -0.15% is below the national ROA benchmark of ~1.1%. Among 1583 similarly-sized banks, the average Health Score is 69, meaning this bank ranks below its size cohort. Site-wide, Eastern Connecticut Sb is 24 points below the portfolio average of 70.
Frequently Asked Questions
Eastern Connecticut Sb has a Bank Health Score of D (46/100), placing it showing signs of financial stress. It holds a Tier 1 capital ratio of 10.48%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. Eastern Connecticut Sb's Tier 1 capital ratio of 10.48% and nonperforming loan ratio of 1.93% indicate an elevated risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at Eastern Connecticut Sb is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #28167). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
Eastern Connecticut Sb holds $267M in total assets and $238M in total deposits. It is headquartered in Norwich, Connecticut (FDIC Certificate #28167).
Eastern Connecticut Sb has a Tier 1 capital ratio of 10.48%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 1.93%, and the return on assets is -0.15%.
Yes. Eastern Connecticut Sb is FDIC-insured (Certificate #28167). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An D grade on our Bank Health Score means 40-54/100 — multiple metrics showing stress; worth monitoring. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Eastern Connecticut Sb shows financial stress on one or more metrics. While insured deposits remain protected up to $250K per depositor per ownership category, depositors with higher balances may want to spread funds across additional FDIC-insured institutions. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.