The Milford Bank

Branches

Click on location and enter new zip number to change.
Your current location is: Connecticut, Fairfield
View Branches Statewide →

View Branches Nationwide →

The Milford Bank Locations

Deposit Rates - May 12, 2021

SAVINGS RATES APY MIN MAX
Savings
0.01% $2,500 $4,999 Compare
CD RATES APY MIN MAX
6 Mo CD
0.10% $10,000 $14,999 Compare
6 Mo CD
0.10% $100,000 $199,999 Compare
12 Mo CD
0.15% $10,000 $14,999 Compare
12 Mo CD
0.15% $100,000 $199,999 Compare
18 Mo CD
0.20% $10,000 $14,999 Compare
18 Mo CD
0.20% $100,000 $199,999 Compare
24 Mo CD
0.25% $10,000 $14,999 Compare
24 Mo CD
0.25% $100,000 $199,999 Compare
36 Mo CD
0.50% $10,000 $14,999 Compare
36 Mo CD
0.50% $100,000 $199,999 Compare
48 Mo CD
0.60% $10,000 $14,999 Compare
48 Mo CD
0.60% $100,000 $199,999 Compare
60 Mo CD
0.70% $10,000 $14,999 Compare
60 Mo CD
0.70% $100,000 $199,999 Compare
MM RATES APY MIN MAX
Money Market
0.02% $2,500 $2,999 Compare
Money Market
0.05% $10,000 $14,999 Compare
Money Market
0.05% $25,000 $29,999 Compare
INT CHECKING RATES APY MIN MAX
Int Ckg
0.02% $2,500 $3,499

Loan Rates - May 12, 2021

MORTGAGE PURCHASE APR(%) MONTHLY PAYMENT
5 Year Adjustable Conforming
5.25% $1,244.53
15 Year Fixed Conforming
2.98% $1,712.06
20 Year Fixed Conforming
3.46% $1,434.53
30 Year Fixed Conforming
3.56% $1,122.61
MORTGAGE REFINANCE APR(%) MONTHLY PAYMENT
5 Year Adjustable Conforming
5.25% $1,244.53
15 Year Fixed Conforming
2.98% $1,712.06
20 Year Fixed Conforming
3.46% $1,434.53
30 Year Fixed Conforming
3.56% $1,122.61

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 16101
Date Established 1872
Assets $ 482.22 million
Loans $ 406.76 million
Deposits $ 420.37 million
Capital $ 48.98 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 37.50 million
Interest-bearing balances $ 30.37 million
Total securities $ 12.49 million
Federal funds sold and reverse repurchase $ 0.03 million
Net loans and leases $ 406.76 million
Loan loss allowance $ 4.33 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.12 million
All other assets $ 20.04 million
     Total Assets $ 433.24 million

LIABILITIES
Total deposits $ 420.37 million
      Interest-bearing deposits $ 322.27 million
      Deposits held in domestic offices $ 420.37 million
      % insured (estimated) 83.20%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 12.88 millionn
      Total Liabilities $ 433.24 million
      Shareholders’ Equity $ 48.98 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 17.02 million
Total Interest Expense $ 1.59 million
Net interest income $ 15.43 million
Provision for loan and lease losses $ 1.25 million
Total non interest income $ 2.21 million
Total non interest expense $ 15.32 million
Pre-tax Net Operating Income $ 1.07 million

The Milford Bank is an FDIC insured institution headquartered at 33 Broad Street, Milford, CT 6460.
It was founded in 1872 and has approximately $0 billion in assets. Customers can open an account at one of its 10 branches.