Southern Connecticut Bancorp (Southern Connecticut Bancorp) Return-on-Tangible-Equity : -2.99% (As of Mar. 2013)

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What is Southern Connecticut Bancorp Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Southern Connecticut Bancorp's annualized net income for the quarter that ended in Mar. 2013 was $-0.34 Mil. Southern Connecticut Bancorp's average shareholder tangible equity for the quarter that ended in Mar. 2013 was $11.50 Mil. Therefore, Southern Connecticut Bancorp's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2013 was -2.99%.

The historical rank and industry rank for Southern Connecticut Bancorp's Return-on-Tangible-Equity or its related term are showing as below:

SSE's Return-on-Tangible-Equity is not ranked ^*
in the Banks industry.
Industry Median: 10.69
* Ranked among companies with meaningful Return-on-Tangible-Equity only.

Southern Connecticut Bancorp Return-on-Tangible-Equity Historical Data

The historical data trend for Southern Connecticut Bancorp's Return-on-Tangible-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Southern Connecticut Bancorp Return-on-Tangible-Equity Chart

Southern Connecticut Bancorp Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Return-on-Tangible-Equity

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0.69

-17.01

-9.16

-21.20

-1.49

Southern Connecticut Bancorp Quarterly Data
	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13
Return-on-Tangible-Equity	Get a 7-Day Free Trial															-2.01	-1.45	5.58	-8.10	-2.99

Competitive Comparison of Southern Connecticut Bancorp's Return-on-Tangible-Equity

For the Banks - Regional subindustry, Southern Connecticut Bancorp's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Southern Connecticut Bancorp's Return-on-Tangible-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Southern Connecticut Bancorp's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Southern Connecticut Bancorp's Return-on-Tangible-Equity falls into.

Southern Connecticut Bancorp Return-on-Tangible-Equity Calculation

Southern Connecticut Bancorp's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2012 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets )	/ count )
		(A: Dec. 2012 )		(A: Dec. 2011 )		(A: Dec. 2012 )
	=	-0.172	/	( (11.546	+	11.548 )	/ 2 )
	=	-0.172	/	11.547
	=	-1.49 %

Southern Connecticut Bancorp's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2013 is calculated as

Return-on-Tangible-Equity	=	Net Income	/	( (Total Tangible Equity	+	Total Tangible Equity)	/ count )
		(Q: Mar. 2013 )		(Q: Dec. 2012 )		(Q: Mar. 2013 )
	=	Net Income	/	( (Total Stockholders Equity - Intangible Assets	+	Total Stockholders Equity - Intangible Assets)	/ count )
		(Q: Mar. 2013 )		(Q: Dec. 2012 )		(Q: Mar. 2013 )
	=	-0.344	/	( (11.548	+	11.461)	/ 2 )
	=	-0.344	/	11.5045
	=	-2.99 %

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2013) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

Southern Connecticut Bancorp (DELISTED:SSE) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.

Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.

Southern Connecticut Bancorp Return-on-Tangible-Equity Related Terms

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Southern Connecticut Bancorp (Southern Connecticut Bancorp) Business Description

Industry

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Traded in Other Exchanges

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Address

Website

Southern Connecticut Bancorp, Inc., a Connecticut corporation was incorporated on November 8, 2000. It is a bank holding company The Company owns 100% of the capital stock of The Bank of Southern Connecticut (the 'Bank'), a Connecticut-chartered bank. The Bank operates branches at four locations, including downtown New Haven, the Amity/Westville section of New Haven, Branford and North Haven. It focuses on serving the banking needs of small to medium-sized businesses, professionals and professional corporations, and their owners and employees in the Greater New Haven Market. The Bank offers loans to businesses and individuals in its service area, including commercial and business loans, industrial loans, personal loans, commercial and home mortgage loans, home equity loans and automobile loans. The Bank has attracted a base of core deposits, including interest bearing and non-interest bearing checking accounts, money market accounts, savings accounts, sweep accounts, NOW accounts, repurchase agreements, and a variety of certificates of deposits and IRA accounts. The primary sources of deposits have been and are expected to continue to be small to medium-sized businesses, professionals (lawyers, doctors, accountants, etc.) and professional corporations, and their owners and employees. The Bank obtains these deposits through personal solicitation by its officers and directors, outside programs and advertisements published and/or broadcasted in the local media. It offers internet-banking services to its customers, including commercial cash management services and personal banking services. The Bank offers remote deposit capture, which offers check deposit capabilities for customers from their place of business. It also offers drive-in teller services, automated teller services, wire transfer, lock box and safe deposit services. The Bank provides a range of other services and products, including cashier's checks, money orders, travelers' checks, bank-by-mail, direct deposit and U.S. Savings Bonds. It is associated with a shared network of automated teller machines that its customers are able to use throughout Connecticut and other regions. The Company operates in a heavily regulated industry and is subject to increasing regulatory review and scrutiny from the Federal Reserve Board, the Connecticut Banking Commissioner, and the FDIC. There are numerous banks and other financial institutions serving the Greater New Haven Market posing significant competition to attract deposits and loans. The Banks and bank holding companies are extensively regulated under both federal and state law.

Southern Connecticut Bancorp (Southern Connecticut Bancorp) Headlines

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