The Chelsea Groton Savings Bank

The Chelsea Groton Savings Bank Locations

One Franklin Square
Norwich, CT 6360
www.chelseagroton.com

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The Chelsea Groton Savings Bank is headquartered in Norwich and is the 14^st largest bank in the state of Connecticut. It is also the 771^st largest bank in the nation. It was established in 1854 and as of March of 2012, it had grown to 193 employees at 14 locations. The Chelsea Groton Savings Bank has a 5-star health rating.

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

The Chelsea Groton Savings Bank Checking Account Rates

Apy	Min	Max	Product
0.05%	$25	-	Commercial Checking
0.03%	$25	-	Relationship Checking
0.01%	$25	$1m	50 Plus Checking

The Chelsea Groton Savings Bank Savings Account Rates

Apy	Min	Max	Product
0.10%	$25k	-	IRA Statement
0.10%	$25	-	Non-Profit Sweeps
0.10%	$5k	-	Passbook Relationship Savings
0.10%	$5k	-	Statement Relationship Savings
0.10%	$25	-	Commercial Sweep
0.10%	$25	-	Municipal Sweeps
0.05%	$25	-	Statement Savings
0.05%	$25	-	Passbook Savings
0.05%	-	$1m	Vacation Club
0.05%	-	$1m	Holiday Club
0.05%	$25	$1m	School Savings
0.05%	$25	-	Commercial Statement Savings

The Chelsea Groton Savings Bank Money Market Rates

Apy	Min	Max	Product
0.15%	$25k	-	Commercial Money Market - Plus
0.15%	$25k	-	Money Market Relationship Account
0.10%	$25k	-	Money Market Account
0.10%	$25k	-	Municipal Money Market
0.10%	$25k	-	Commercial Money Market

The Chelsea Groton Savings Bank CD Rates

Apy	Min	Max	Product
1.75%	$500	-	60 Month Relationship CD
1.50%	$500	-	60 Month CD
1.50%	$500	-	48 Month Relationship CD
1.50%	$500	-	60 Month Municipal CD
1.35%	$500	-	48 Month Municipal CD
1.25%	$500	-	48 Month CD
1.20%	$500	-	36 Month Relationship CD
1.10%	$500	-	36 Month Municipal CD
0.95%	$500	-	36 Month CD
0.70%	$500	-	24 Month Relationship CD
0.70%	$500	-	24 Month Municipal CD
0.60%	$500	-	15 Month CD Relationship Special
0.60%	$500	-	15 Month CD Municipal Special
0.45%	$500	-	24 Month CD
0.45%	$500	-	12 Month Tax Deferred Relationship CD
0.40%	$500	-	12 Month Relationship CD
0.35%	$500	-	12 Month Municipal CD
0.25%	$500	-	6 Month Relationship CD
0.25%	$500	-	6 Month Municipal CD
0.20%	$500	-	12 Month Tax Deferred CD
0.20%	$500	-	3 Month Relationship CD
0.20%	$500	-	3 Month Municipal CD
0.15%	$500	-	12 Month CD
0.10%	$500	-	6 Month CD
0.05%	$500	-	3 Month CD

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Chelsea Groton Bank
FDIC Certificate #	18238
BankRate Report	View
Year Established	1854
Employees	193
Primary Regulator	FDIC
Assets and Liabilities
Assets	$857.79 million
Loans	$504.80 million
Deposits	$708.40 million
Equity Capital	$122.61 million
Loan Loss Allowance	$8.26 million
Unbacked Noncurrent Loans	$14.37 million
Real Estate Owned	$2.11 million
Historic Data - March 2011
Assets	$828.33 million
Equity Capital	$118.47 million
Loan Loss Allowance	$7.33 million
Unbacked Noncurrent Loans	$14.08 million
Real Estate Owned	$1.45 million
Profit Margin - Quarterly
Net Interest Margin	3.41%
Return on Assets	0.34%
Return on Equity	2.38%
Interest Income	$7.60 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 The Chelsea Groton Savings Bank had $16.48 million in non-current loans and owned real-estate with $130.87 million in equity and loan loss allowances on hand to cover it. This gives The Chelsea Groton Savings Bank a Texas Ratio of 12.59% 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 The Chelsea Groton Savings Bank held steady from 12.35% as of March 31, 2011 to 12.59% as of March 31, 2012, resulting in a negative change of 1.95%. This indicates that the balance sheet and financial strength for The Chelsea Groton Savings Bank has held steady in recent periods.
Deposit Growth
In the past year, The Chelsea Groton Savings Bank has increased its total deposits by $33.77 million, resulting in 5.01% 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 The Chelsea Groton Savings 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. The Chelsea Groton Savings Bank has $857.79 million in assets with $130.87 million in equity, resulting in a capitalization level of 15.26%, which is excellent.

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