Bauer Financial 5-Star Rating - June 2016

Savings Institute Bank & Trust Earns 25th Consecutive 5-Star Rating

Jun 30, 2016

June 2016: Savings Institute Bank & Trust proudly announces that it has once again earned BauerFinancial's highest 5-star rating. This marks the 25th consecutive quarter that Savings Institute Bank & Trust has earned this top rating.

BauerFinancial has been analyzing and reporting on the nation’s banks, providing ratings you can trust, since 1983… providing Earning a 5-Star rating from Bauer indicates that Savings Institute Bank & Trust is one of the strongest banks in the nation. Some of the areas in which it excels are:

  • Capital – more than twice the capital than in required by regulators;
  • Loan Quality – delinquent loan levels are manageable;
  • Profitability – Savings Institute Bank & Trust earned $1.643 million in the first quarter 2016 and $4.736 million in 2015.

“We’ve been doing this for a long time.” notes Karen L. Dorway, president of BauerFinancial, “We’ve seen the ups and the downs of this industry, and the one constant is that community banks like Savings Institute Bank & Trust continue to shine, even in the toughest times. Knowing their customers is the key to making solid investments into the future of the communities they serve.”

Savings Institute Bank & Trust Company which is headquartered in Willimantic, Connecticut offers branches throughout Rhode Island and eastern Connecticut. At $1.5 Billion, the Bank is a full service community-oriented financial institution dedicated to serving the financial service needs of consumers and businesses within its market area.

BAUERFINANCIAL, Inc., Coral Gables, Florida, the nation’s leading independent bank and credit union rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution can pay for or opt out of a BauerFinancial rating. Consumers may obtain free star-ratings by visiting bauerfinancial.com.