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Overview / Commentary
860-291-3600
25 Park Street
Vernon Rockville, CT 06066

Rockville Bank is headquartered in Vernon Rockville and is the 4th largest bank in the state of Connecticut. It is also the 315st largest bank in the nation. It was established in 1858 and as of March of 2014, it had grown to 362 employees at 21 locations. Rockville Bank's savings rates are 90% higher than the national average, and it boasts a A+ health rating.

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Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Rockville Bank had $14.64 million in non-current loans and owned real-estate with $279.67 million in equity and loan loss allowances on hand to cover it. This gives Rockville Bank a Texas Ratio of 5.24% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Rockville Bank decreased slightly from 6.73% as of March 31, 2013 to 5.24% as of March 31, 2014, resulting in a positive change of 22.19%.This indicates that the balance sheet and financial strength for Rockville Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Rockville Bank has increased its total deposits by $231.16 million, resulting in 14.42% 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 Rockville Bank has shown is excellent.

Capitalization

GRADE:
A

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. Rockville Bank has $2.37 billion in assets with $279.67 million in equity, resulting in a capitalization level of 11.78%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #18203
Year Established1858
Employees362
Primary RegulatorFDIC
Assets and Liabilities
Assets$2.37 billion
Loans$1.74 billion
Deposits$1.83 billion
Equity Capital$260.17 million
Loan Loss Allowance$19.50 million
Unbacked Noncurrent Loans$11.98 million
Real Estate Owned$2.66 million
Historic Data - March 2013
Assets$2.06 billion
Equity Capital$255.11 million
Loan Loss Allowance$18.54 million
Unbacked Noncurrent Loans$11.98 million
Real Estate Owned$2.59 million
Profit Margin - Quarterly
Net Interest Margin3.11%
Return on Assets0.28%
Return on Equity2.5%
Interest Income$19.70 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Rockville Bank, we are a rate comparison website and can not provide official rates or promotions.

Rockville Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.99%$2,500-Health Savings Account
0.20%$100-Variable IRA
0.05%--Regular Savings
0.05%--Rocky KidSave Account

Rockville Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.20%$50k-Signature Money Market Account

Rockville Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$500-Now Account
0.05%$500-Senior Checking
0.05%$500-Gold Star Checking

Rockville Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.20%$500-60 Month CD
1.00%$500-48-59 Month CD
0.80%$500-36-47 Month CD
0.55%$500-24-35 Month CD
0.40%$500-24 Month Option CD
0.25%$500-12-23 Month CD
0.20%$500-6-8 Month CD
0.20%$500-9-11 Month CD

Rockville Bank IRA Rates

DetailsAPYMINMAXPRODUCT
1.20%$500-60 Month IRA
1.00%$500-48-59 Month IRA
0.80%$500-36-47 Month IRA
0.55%$500-24-25 Month IRA
0.40%$500-24 Month Green Option IRA
0.25%$500-12-17 Month IRA
0.25%$500-18-23 Month IRA
Locations

Rockville Bank has 22 locations. Click to view all Rockville Bank locations.