The National Iron Bank

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The National Iron Bank Locations

Deposit Rates - July 25, 2021

SAVINGS RATES APY MIN MAX
Savings
0.02% $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
0.15% $10,000 $14,999 Compare
18 Mo CD
0.15% $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
30 Mo CD
0.25% $10,000 $14,999 Compare
30 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
1.25% $10,000 $14,999 Compare
60 Mo CD
1.25% $100,000 $199,999 Compare
MM RATES APY MIN MAX
Money Market
0.02% $10,000 $14,999 Compare
Money Market
0.50% $25,000 $29,999 Compare

Loan Rates - July 25, 2021

MORTGAGE PURCHASE APR(%) MONTHLY PAYMENT
7 Year Adjustable Conforming
5.18% $1,304.12
15 Year Fixed Conforming
4.08% $1,849.22
15 Year Fixed Jumbo
4.30% $1,880.70
20 Year Fixed Conforming
4.19% $1,532.13
20 Year Fixed Jumbo
4.29% $1,548.09
30 Year Fixed Conforming
4.30% $1,229.85
30 Year Fixed Jumbo
5.28% $1,380.51

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 2496
Date Established 1847
Assets $ 222.12 million
Loans $ 166.47 million
Deposits $ 198.43 million
Capital $ 16.91 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 38.37 million
Interest-bearing balances $ 35.10 million
Total securities $ 14.58 million
Federal funds sold and reverse repurchase $ 0.15 million
Net loans and leases $ 166.47 million
Loan loss allowance $ 0.61 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 1.12 million
     Total Assets $ 205.21 million

LIABILITIES
Total deposits $ 198.43 million
      Interest-bearing deposits $ 161.48 million
      Deposits held in domestic offices $ 198.43 million
      % insured (estimated) 71.25%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 6.62 million
Subordinated debt N.A.
All other liabilities $ 0.16 millionn
      Total Liabilities $ 205.21 million
      Shareholders’ Equity $ 16.91 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 1.69 million
Total Interest Expense $ 0.12 million
Net interest income $ 1.57 million
Provision for loan and lease losses $ 0.02 million
Total non interest income $ 0.11 million
Total non interest expense $ 1.18 million
Pre-tax Net Operating Income $ 0.47 million

The National Iron Bank is an FDIC insured institution headquartered at 195 Main Street, Salisbury, CT 6068.
It was founded in 1847 and has approximately $0 billion in assets. Customers can open an account at one of its 4 branches.

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