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Salisbury Bancorp (SAL) Company Profile

Updated May 3, 2019
Salisbury Bancorp has the following business profile:
Company's Full Name:Salisbury Bancorp, Inc.
Short Name:Salisbury Bancorp
Trading Ticker Symbol:SAL
Primary Exchange:NASDAQ
Headquarter City/Country:Connecticut, CT
Primary Industry Sector:Finance
Seconday Sub-sector:Savings Institutions
Main Business Areas: Finance, Savings Institutions, Financial Services, Regional US Banks
Dividend Payments:Dividend History

Market and Trading Information for Salisbury Bancorp

The following details were available for trading and market data about the stock of Salisbury Bancorp as of writing:
Current Share Price:$39.97
Previous Year's Closing Price:$36.18
Percentage Price Change (YTD):10.48%
Market Cap:$112.18 million
52-week Price Range:$33.2 - $48.44
Dividend Per Share:$0
EPS (TTM):3.27
Price-Earnings (Trailing):12.22
Price-Earnings (Forward):11.13

Company Profile and Business Description for Salisbury Bancorp

Salisbury Bancorp, Inc., incorporated on April 22, 1998, is a bank holding company for Salisbury Bank and Trust Company (the Bank). The Bank is a Connecticut-chartered and Federal Deposit Insurance Corporation (the FDIC) insured commercial bank. The Bank provides commercial banking, consumer financing, retail banking and trust and wealth advisory services through a network of over 10 banking offices and approximately nine automated teller machines (ATMs) located in Litchfield County, Connecticut; Dutchess and Orange County, New York, and Berkshire County, Massachusetts and through its Internet Website (www.salisburybank.com).

Lending Activities

The Bank originates commercial loans, commercial real estate loans, residential and commercial construction loans, residential real estate loans collateralized by one- to four- family residences, home equity lines of credit, fixed rate loans and other consumer loans in in Connecticut's Litchfield County, New York's Dutchess, Orange and Ulster Counties and Massachusetts' Berkshire County. The Bank's loan portfolio includes residential real estate loans, commercial real estate loans, construction loans, commercial loans and consumer loans. The Bank's principal lending activity is to originate loans secured by first mortgages on one- to four- family residences. The Bank makes commercial real estate loans for the purpose of allowing borrowers to acquire, develop, construct, improve or refinance commercial real estate where the property is the primary collateral securing the loan, and the income generated from the property is the primary repayment source. Office buildings, light industrial, retail facilities or multi-family income properties, normally collateralize commercial real estate loans.

The Bank originates both residential and commercial construction loans. Commercial loans are made on a secured basis and are primarily collateralized by equipment, inventory, accounts receivable and/or leases. Commercial loans primarily provide working capital, equipment financing, financing for leasehold improvements and financing for expansion. The Bank offers both term and revolving commercial loans. The Bank originates various types of consumer loans, including home equity loans and lines of credit, auto and personal installment loans. Home equity loans and lines of credit are secured by second mortgages placed on one- to four- family owner-occupied properties. Home equity loans have fixed interest rates. The Bank provides a range of fiduciary and trust services, including general investment management, wealth advisory services to individuals, families and institutions, and estate administration and settlement services. The Bank's total net loans amount to approximately $544.77 million.

Investment Activities

The Bank's securities portfolio include the United States Government and Agency securities, mortgage-backed securities, collateralized mortgage obligations and tax exempt municipal bonds. The Bank's total securities amounted to $79.87 million.

Sources of Funds

The Bank uses deposits, proceeds from loan and security maturities, repayments and sales, and borrowings to fund lending, investing and general operations. Deposits represent the Bank's primary source of funds. The Bank offers a range of deposit accounts with a range of interest rates and other terms. Retail and commercial deposits are received through the Bank's banking offices. Its additional depositor related services provided to customers include landlord/tenant lease security accounts and services, merchant services, payroll services, cash management (remote deposit capture, automated clearing house (ACH) origination, wire transfers and positive pay), automated teller machine (ATM), Bank-by-Phone, Internet Banking, Internet Bill Pay, person to person payments, bank to bank transfers, mobile banking with remote deposit, and online financial management with account aggregation services. The Bank is a member of the Federal Home Loan Bank of Boston (FHLBB), which provides credit facilities for regulated, federally insured depository institutions and certain other home financing institutions. The Bank's total deposits amount to approximately $754.5 million.

5 Bissell St

Peer / Competitor Companies of Savings Institutions Sector

Along with Salisbury Bancorp, Inc., the following other peer (competitor) companies also exist within the same Savings Institutions - Finance sector whose company profile and dividend history is as follows:

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▶ Access National (ANCX): Access National Corporation, incorporated on May 12, 2003, is a bank holding company. The Company operates through its subsidiary, Access National Bank (the Bank). The Bank provides credit, deposit, mortgage ....See Detailed Company Profile  and Dividend History.

▶ ASB Bancorp (ASBB): ASB Bancorp, Inc., incorporated on May 12, 2011, is the holding company for Asheville Savings Bank (the Bank). The Companys principal business activity is the ownership of the outstanding shares ....See Detailed Company Profile  and Dividend History.

▶ Astoria Financial (AF): Astoria Financial Corporation, incorporated on June 14, 1993, is a unitary savings and loan holding company. The Companys principal business is the operation of its subsidiary, Astoria Bank. Astoria Banks ....See Detailed Company Profile  and Dividend History.

▶ Atlantic Coast Financial (ACFC): Atlantic Coast Financial Corporation, incorporated on June 22, 2007, is a thrift holding company. The Company, through its subsidiary, Atlantic Coast Bank (the Bank), a federally chartered and insured stock ....See Detailed Company Profile  and Dividend History.

▶ Bancorp 34 (BCTF): Bancorp 34, Inc. operates as the holding company for Bank 34 that offers various banking services to individuals and businesses in the United States. It accepts various deposit products, such as savin....See Detailed Company Profile  and Dividend History.

▶ Bank Mutual (BKMU): Bank Mutual Corporation, incorporated on April 28, 2003, is a savings and loan holding company. The Company owns Bank Mutual (the Bank), a federally-chartered savings bank. The Bank is engaged ....See Detailed Company Profile  and Dividend History.

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▶ BankUnited (BKU): BankUnited, Inc. operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate ....See Detailed Company Profile  and Dividend History.

▶ BCB Bancorp NJ (BCBP): BCB Bancorp, Inc. operates as the holding company for BCB Community Bank, a state chartered commercial bank that provides banking products and services to businesses and individuals in the United Stat....See Detailed Company Profile  and Dividend History.

▶ Beneficial Bancorp (BNCL): Beneficial Bancorp, Inc., together with its subsidiaries, provides consumer and commercial banking services to individuals, businesses, and nonprofit organizations in Philadelphia and Southern New Jer....See Detailed Company Profile  and Dividend History.

▶ BofI Holding (BOFI): BofI Holding, Inc. (BofI), incorporated on July 6, 1999, is the holding company for BofI Federal Bank (the Bank). The Bank is a diversified financial services company. The Bank provides ....See Detailed Company Profile  and Dividend History.

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▶ Broadway Financial (BYFC): Broadway Financial Corporation, incorporated on October 25, 1995, is a savings and loan holding company. The Company is engaged in the savings and loan business through its subsidiary, Broadway Federal ....See Detailed Company Profile  and Dividend History.

▶ Brookline Bancorp (BRKL): Brookline Bancorp, Inc., incorporated on April 11, 2002, operates as a multi-bank holding company for Brookline Bank and its subsidiaries; Bank Rhode Island (BankRI) and its subsidiaries; First Ipswich Bank ....See Detailed Company Profile  and Dividend History.

▶ Capitol Federal Financial (CFFN): Capitol Federal Financial, Inc., incorporated on April 28, 2010, is the savings and loan holding company. The Company provides a range of retail banking services, through its subsidiary, Capitol Federal ....See Detailed Company Profile  and Dividend History.

▶ Carver Bancorp (CARV): Carver Bancorp, Inc. operates as a holding company for Carver Federal Savings Bank, a federally chartered savings bank that provides consumer and commercial banking services for consumers, businesses,....See Detailed Company Profile  and Dividend History.

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▶ Charter Financial (CHFN): Charter Financial Corporation, incorporated on February 16, 1993, is a savings and loan holding company for CharterBank (the Bank). The Bank is a federally-chartered savings bank. The Banks principal business ....See Detailed Company Profile  and Dividend History.

▶ Citizens Community Bancorp (CZWI): Citizens Community Bancorp, Inc., incorporated on June 27, 2006, is a bank holding company of Citizens Community Federal N.A. (the Bank). The Company is engaged in consumer, commercial and agricultural ....See Detailed Company Profile  and Dividend History.

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