Farmington Bank

32 Main Street
Farmington, CT 06032
877-376-2265
www.farmingtonbankct.com

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For over 150 years, FSB has been a successful local business thanks to their customers. Throughout their history they've had a mutually beneficial relationship with the communities they serve. Today, FSB is a billion dollar institution with twelve offices throughout the Farmington River Valley and Central Connecticut. FSB is a mutual savings bank regulated by the State of Connecticut and the FDIC.

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See Rates for: Checking | Savings | Money Market | CD | IRA

Farmington Bank Checking Account Rates

Apy	Min	Max	Product
0.10%	$2,500	-	Platinum Checking
0.05%	$100	-	Plus Interest Checking
0.05%	$100	-	50 Plus Checking
0.05%	$100	-	Direct Deposit Checking

Farmington Bank Savings Account Rates

Apy	Min	Max	Product
0.10%	$100	-	Statement Savings
0.10%	$25	-	Club Savings

Farmington Bank Money Market Rates

	Apy	Min	Max	Product
	0.45%	$50k	-	Money Market Account

Farmington Bank CD Rates

Apy	Min	Max	Product
1.25%	$500	-	5 Year Certificate
1.10%	$500	-	4 Year Certificate
1.10%	$500	-	4½ Year Certificate
1.00%	$500	-	3 Year Certificate
1.00%	$500	-	3½ Year Certificate
0.75%	$500	-	2 Year Certificate
0.75%	$500	-	2½ Year Certificate
0.50%	$500	-	18 Month Certificate
0.50%	$500	-	182 Day Deferred Certificate
0.50%	$500	-	100 Day Deferred Certificate
0.45%	$500	-	1 Year Certificate
0.30%	$500	-	6 Month Certificate
0.25%	$500	-	91 Day Certificate
0.25%	$500	-	4 Month Certificate

Farmington Bank IRA Rates

Apy	Min	Max	Product
1.25%	$500	-	5 Year IRA Certificate
1.00%	$500	-	3 Year IRA Certificate
1.00%	$500	-	3½ Year IRA Certificate
0.75%	$500	-	2 Year IRA Certificate
0.75%	$500	-	2½ Year IRA Certificate
0.50%	$100	-	Variable Rate 18 Month IRA Certificate
0.50%	$500	-	18 Month IRA Certificate
0.45%	-	-	1 Year IRA Certificate
0.30%	$500	-	6 Month IRA Certificate
0.25%	$500	-	91 Day IRA Certificate
0.25%	$500	-	4 Month IRA Certificate

Rates updated: 5/25/2012

Data for Q1 2012

Institution Statistics

Farmington Bank
FDIC Certificate #	18208
BankRate Report	View
Year Established	1851
Employees	310
Primary Regulator	FDIC
Assets and Liabilities
Assets	$1.67 billion
Loans	$1.33 billion
Deposits	$1.33 billion
Equity Capital	$177.64 million
Loan Loss Allowance	$17.73 million
Unbacked Noncurrent Loans	$16.34 million
Real Estate Owned	$148,000
Historic Data - March 2011
Assets	$1.45 billion
Equity Capital	$95.88 million
Loan Loss Allowance	$20.56 million
Unbacked Noncurrent Loans	$21.36 million
Real Estate Owned	$238,000
Profit Margin - Quarterly
Net Interest Margin	3.37%
Return on Assets	0.25%
Return on Equity	2.28%
Interest Income	$15.39 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Farmington Bank had $16.49 million in non-current loans and owned real-estate with $195.37 million in equity and loan loss allowances on hand to cover it. This gives Farmington Bank a Texas Ratio of 8.44% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Farmington Bank decreased significantly from 18.56% as of March 31, 2011 to 8.44% as of March 31, 2012, resulting in a positive change of 54.54%.This indicates that the balance sheet and financial strength for Farmington Bank has improved significantly in recent periods.
Deposit Growth
In the past year, Farmington Bank has increased its total deposits by $149.81 million, resulting in 12.74% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Farmington Bank has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Farmington Bank has $1.67 billion in assets with $195.37 million in equity, resulting in a capitalization level of 11.67%, which is above average.

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