The Torrington Savings Bank

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The Torrington 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
0.25% $10,000 $14,999 Compare
6 Mo CD
0.25% $100,000 $199,999 Compare
12 Mo CD
0.35% $10,000 $14,999 Compare
12 Mo CD
0.35% $100,000 $199,999 Compare
18 Mo CD
0.50% $10,000 $14,999 Compare
18 Mo CD
0.50% $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
0.65% $10,000 $14,999 Compare
30 Mo CD
0.65% $100,000 $199,999 Compare
36 Mo CD
0.75% $10,000 $14,999 Compare
36 Mo CD
0.75% $100,000 $199,999 Compare
48 Mo CD
0.85% $10,000 $14,999 Compare
48 Mo CD
0.85% $100,000 $199,999 Compare
60 Mo CD
1.10% $10,000 $14,999 Compare
60 Mo CD
1.10% $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
0.10% $25,000 $29,999 Compare
VARIABLE IRA RATES APY MIN MAX
Var IRA
0.10% $1 $499
INT CHECKING RATES APY MIN MAX
Int Ckg
0.05% $2,500 $3,499

Loan Rates - May 12, 2021

MORTGAGE PURCHASE APR(%) MONTHLY PAYMENT
15 Year Fixed Conforming
4.38% $1,897.19
15 Year Fixed Jumbo
4.50% $1,912.48
20 Year Fixed Conforming
4.63% $1,599.22
30 Year Fixed Conforming
4.75% $1,304.12
30 Year Fixed Jumbo
5.00% $1,342.05

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 16636
Date Established 1868
Assets $ 894.38 million
Loans $ 523.97 million
Deposits $ 712.69 million
Capital $ 171.55 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 168.21 million
Interest-bearing balances $ 159.29 million
Total securities $ 143.45 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 523.97 million
Loan loss allowance $ 5.29 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 $ 48.17 million
     Total Assets $ 722.83 million

LIABILITIES
Total deposits $ 712.69 million
      Interest-bearing deposits $ 665.89 million
      Deposits held in domestic offices $ 712.69 million
      % insured (estimated) 94.50%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 10.15 millionn
      Total Liabilities $ 722.83 million
      Shareholders’ Equity $ 171.55 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 24.73 million
Total Interest Expense $ 5.13 million
Net interest income $ 19.61 million
Provision for loan and lease losses $ 0.56 million
Total non interest income $ 3.40 million
Total non interest expense $ 18.47 million
Pre-tax Net Operating Income $ 3.97 million

The Torrington Savings Bank is an FDIC insured institution headquartered at 129 Main Street, Torrington, CT 6790.
It was founded in 1868 and has approximately $1 billion in assets. Customers can open an account at one of its 9 branches.