Ion Bank

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Deposit Rates - May 12, 2021

SAVINGS RATES APY MIN MAX
Savings
0.10% $2,500 $4,999 Compare
CD RATES APY MIN MAX
6 Mo CD
0.15% $10,000 $14,999 Compare
6 Mo CD
0.15% $100,000 $199,999 Compare
Special: 7 Mo CD
0.50% $500 - Compare
12 Mo CD
0.25% $10,000 $14,999 Compare
12 Mo CD
0.25% $100,000 $199,999 Compare
18 Mo CD
0.40% $10,000 $14,999 Compare
18 Mo CD
0.40% $100,000 $199,999 Compare
24 Mo CD
0.50% $10,000 $14,999 Compare
24 Mo CD
0.50% $100,000 $199,999 Compare
30 Mo CD
0.50% $10,000 $14,999 Compare
30 Mo CD
0.50% $100,000 $199,999 Compare
36 Mo CD
0.65% $10,000 $14,999 Compare
36 Mo CD
0.65% $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
0.20% $10,000 $14,999 Compare
Money Market
0.20% $25,000 $29,999 Compare
FIXED IRA RATES APY MIN MAX
Special: 7 Mo FIRA
0.50% $500 -
INT CHECKING RATES APY MIN MAX
Int Ckg
0.10% $2,500 $3,499

Loan Rates - May 12, 2021

MORTGAGE PURCHASE APR(%) MONTHLY PAYMENT
10 Year Adjustable Conforming
4.64% $1,212.35
15 Year Fixed Conforming
4.17% $1,865.55
15 Year Fixed Jumbo
5.17% $1,993.96
20 Year Fixed Conforming
4.41% $1,565.48
20 Year Fixed Jumbo
5.59% $1,719.72
30 Year Fixed Conforming
4.53% $1,266.71
30 Year Fixed Jumbo
5.65% $1,439.93
MORTGAGE REFINANCE APR(%) MONTHLY PAYMENT
10 Year Adjustable Conforming
4.64% $1,212.35
15 Year Fixed Conforming
4.17% $1,865.55
15 Year Fixed Jumbo
5.17% $1,993.96
20 Year Fixed Conforming
4.41% $1,565.48
20 Year Fixed Jumbo
5.59% $1,719.72
30 Year Fixed Conforming
4.53% $1,266.71
30 Year Fixed Jumbo
5.65% $1,439.93
HOME EQUITY RATES APR(%) MONTHLY PAYMENT
Line of Credit
5.75% Varies
10 Year Loan
5.00% $530.33
15 Year Loan
5.50% $408.54
AUTO LOAN RATES APR(%) MONTHLY PAYMENT
3 Year
6.00% $760.55
4 Year
6.00% $587.13
5 Year
6.50% $489.15

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 18198
Date Established 1870
Assets $ 1,661.73 million
Loans $ 1,221.18 million
Deposits $ 1,415.04 million
Capital $ 131.48 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 278.69 million
Interest-bearing balances $ 250.37 million
Total securities $ 87.90 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,221.18 million
Loan loss allowance $ 15.61 million
Trading account assets $ 8.64 million
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 3.30 million
All other assets $ 47.44 million
     Total Assets $ 1,530.25 million

LIABILITIES
Total deposits $ 1,415.04 million
      Interest-bearing deposits $ 956.84 million
      Deposits held in domestic offices $ 1,415.04 million
      % insured (estimated) 83.21%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 8.64 million
Other borrowed funds $ 65.00 million
Subordinated debt N.A.
All other liabilities $ 41.57 millionn
      Total Liabilities $ 1,530.25 million
      Shareholders’ Equity $ 131.48 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 54.06 million
Total Interest Expense $ 6.63 million
Net interest income $ 47.43 million
Provision for loan and lease losses $ 4.85 million
Total non interest income $ 12.44 million
Total non interest expense $ 46.93 million
Pre-tax Net Operating Income $ 8.09 million

Ion Bank is an FDIC insured institution headquartered at 251 Church Street, Naugatuck, CT 6770.
It was founded in 1870 and has approximately $2 billion in assets. Customers can open an account at one of its 23 branches.