EASTERN CONNECTICUT SAVINGS BANK

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EASTERN CONNECTICUT SAVINGS BANK Locations

Deposit Rates - May 12, 2021

SAVINGS RATES APY MIN MAX
Savings
0.05% $2,500 $4,999 Compare
CD RATES APY MIN MAX
6 Mo CD
0.45% $10,000 $14,999 Compare
6 Mo CD
0.45% $100,000 $199,999 Compare
12 Mo CD
0.40% $10,000 $14,999 Compare
12 Mo CD
0.40% $100,000 $199,999 Compare
18 Mo CD
0.45% $10,000 $14,999 Compare
18 Mo CD
0.45% $100,000 $199,999 Compare
24 Mo CD
0.55% $10,000 $14,999 Compare
24 Mo CD
0.55% $100,000 $199,999 Compare
30 Mo CD
0.55% $10,000 $14,999 Compare
30 Mo CD
0.55% $100,000 $199,999 Compare
36 Mo CD
0.60% $10,000 $14,999 Compare
36 Mo CD
0.60% $100,000 $199,999 Compare
48 Mo CD
0.75% $10,000 $14,999 Compare
48 Mo CD
0.75% $100,000 $199,999 Compare
60 Mo CD
0.85% $10,000 $14,999 Compare
60 Mo CD
0.85% $100,000 $199,999 Compare
MM RATES APY MIN MAX
Money Market
0.10% $2,500 $2,999 Compare
Money Market
0.10% $10,000 $14,999 Compare
Money Market
0.15% $25,000 $29,999 Compare

Loan Rates - May 12, 2021

MORTGAGE PURCHASE APR(%) MONTHLY PAYMENT
5 Year Adjustable Jumbo
3.67% $1,054.01
5 Year Adjustable Conforming
4.83% $1,157.79
7 Year Adjustable Jumbo
4.68% $1,176.31
7 Year Adjustable Conforming
4.71% $1,176.31
15 Year Fixed Jumbo
4.43% $1,897.19
15 Year Fixed Conforming
4.48% $1,897.19
20 Year Fixed Jumbo
4.79% $1,615.56
MORTGAGE REFINANCE APR(%) MONTHLY PAYMENT
5 Year Adjustable Jumbo
3.67% $1,054.01
5 Year Adjustable Conforming
4.83% $1,157.79
7 Year Adjustable Jumbo
4.68% $1,176.31
7 Year Adjustable Conforming
4.71% $1,176.31
15 Year Fixed Jumbo
4.43% $1,897.19
15 Year Fixed Conforming
4.48% $1,897.19
HOME EQUITY RATES APR(%) MONTHLY PAYMENT
Line of Credit
5.50% Varies
10 Year Loan
4.50% $518.19
15 Year Loan
4.75% $388.92
AUTO LOAN RATES APR(%) MONTHLY PAYMENT
2 Year
2.99% $1,074.42
3 Year
3.49% $732.44
4 Year
3.99% $564.36
5 Year
4.24% $463.13

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 28167
Date Established 1915
Assets $ 222.18 million
Loans $ 191.69 million
Deposits $ 198.67 million
Capital $ 16.24 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 15.97 million
Interest-bearing balances $ 13.36 million
Total securities $ 0.23 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 191.69 million
Loan loss allowance $ 1.54 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.37 million
All other assets $ 8.70 million
     Total Assets $ 205.94 million

LIABILITIES
Total deposits $ 198.67 million
      Interest-bearing deposits $ 158.75 million
      Deposits held in domestic offices $ 198.67 million
      % insured (estimated) 88.26%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 6.37 million
Subordinated debt N.A.
All other liabilities $ 0.89 millionn
      Total Liabilities $ 205.94 million
      Shareholders’ Equity $ 16.24 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 8.20 million
Total Interest Expense $ 1.53 million
Net interest income $ 6.67 million
Provision for loan and lease losses $ 0.22 million
Total non interest income $ 2.03 million
Total non interest expense $ 7.88 million
Pre-tax Net Operating Income $ 0.60 million

EASTERN CONNECTICUT SAVINGS BANK is an FDIC insured institution headquartered at 257 Main Street, Norwich, CT 6360.
It was founded in 1915 and has approximately $0 billion in assets. Customers can open an account at one of its 5 branches.