Start Community Bank

Start Community Bank Locations
299 Whalley Avenue
New Haven, CT 6510
203.285.6490



Start Community Bank is headquartered in New Haven and is the 52nd largest bank in the state of Connecticut. It is also the 6,774th largest bank in the nation. It was established in 2010 and as of March of 2012, it had grown to 20 employees at 2 locations. Start Community Bank's savings rates are 3X the national average, and it boasts a 5-star health rating.

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

Start Community Bank Checking Account Rates

ApyMinMaxProduct
0.20%$25k-Great Start Checking

Start Community Bank Savings Account Rates

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1.41%$100-Early Start Savings
0.55%$20-Fast Start Savings
0.30%$25k-Great Start Savings
0.25%$25k-Just Start Savings

Start Community Bank Money Market Rates

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0.80%$100k-Money Market Checking Account

Start Community Bank CD Rates

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1.56%$500-5 Year Premium CD
1.46%$500-5 Year CD
1.26%$500-4 Year Premium CD
1.15%$500-4 Year CD
1.05%$500-3 Year Premium CD
0.95%$500-3 Year CD
0.60%$500-18 Month Premium CD
0.60%$500-2 Year Premium CD
0.55%$500-2 Year CD
0.50%$500-18 Month CD
0.50%$500-12 Month Premium CD
0.40%$500-12 Month CD
0.40%$500-6 Month Premium CD
0.30%$500-6 Month CD
0.20%$500-3 Month Premium CD
0.10%$500-3 Month CD

Start Community Bank IRA Rates

ApyMinMaxProduct
1.56%$500-5 Year Premium IRA
1.46%$500-5 Year IRA
1.26%$500-4 Year Premium IRA
1.15%$500-4 Year IRA
1.05%$500-3 Year Premium IRA
0.95%$500-3 Year IRA
0.60%$500-18 Month Premium IRA
0.60%$500-2 Year Premium IRA
0.55%$500-2 Year IRA
0.50%$500-18 Month IRA
0.50%$500-12 Month Premium IRA
0.40%$500-12 Month IRA
0.40%$500-6 Month Premium IRA
0.30%$500-6 Month IRA
0.20%$500-3 Month Premium IRA
0.10%$500-3 Month IRA

Rates updated: 5/27/2012

Data for Q1 2012


Institution Statistics


Start Community Bank
FDIC Certificate #58952
BankRate ReportView
Year Established2010
Employees20
Primary RegulatorFED

Assets and Liabilities

Assets$36.78 million
Loans$11.62 million
Deposits$26.74 million
Equity Capital$9.43 million
Loan Loss Allowance$133,000

Historic Data - March 2011

Assets$21.90 million
Equity Capital$11.83 million

Profit Margin - Quarterly

Net Interest Margin0.99%
Return on Assets-8.04%
Return on Equity-26.72%
Interest Income$143,000

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 Start Community Bank had $0 in non-current loans and owned real-estate with $9.56 million in equity and loan loss allowances on hand to cover it. This gives Start Community Bank a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Deposit Growth5
In the past year, Start Community Bank has increased its total deposits by $17.23 million, resulting in 181.17% 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 Start Community Bank has shown is excellent.
Capitalization5
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. Start Community Bank has $36.78 million in assets with $9.56 million in equity, resulting in a capitalization level of 25.99%, which is excellent.
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