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Overview / Commentary
444 East Putnam Avenue
Cos Cob, CT 06807

The First Bank of Greenwich is headquartered in Cos Cob and is the 38th largest bank in the state of Connecticut. It is also the 3,968th largest bank in the nation. It was established in 2006 and as of December of 2013, it had grown to 20 employees at 2 locations. The First Bank of Greenwich's savings rates are 3X the national average, and it has a B health rating.

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Data for Q4 2013

Institution Health


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 December 31, 2013 The First Bank of Greenwich had $2.49 million in non-current loans and owned real-estate with $11.76 million in equity and loan loss allowances on hand to cover it. This gives The First Bank of Greenwich a Texas Ratio of 21.19% 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 First Bank of Greenwich decreased slightly from 24.04% as of December 31, 2012 to 21.19% as of December 31, 2013, resulting in a positive change of 11.87%.This indicates that the balance sheet and financial strength for The First Bank of Greenwich has improved slightly in recent periods.

Deposit Growth


In the past year, The First Bank of Greenwich has increased its total deposits by $32.44 million, resulting in 39.29% 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 First Bank of Greenwich has shown is excellent.



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 First Bank of Greenwich has $135.38 million in assets with $11.76 million in equity, resulting in a capitalization level of 8.68%, which is average.

Institution Statistics

FDIC Certificate #58307
Year Established2006
Primary RegulatorFDIC
Assets and Liabilities
Assets$135.38 million
Loans$109.35 million
Deposits$115.02 million
Equity Capital$10.45 million
Loan Loss Allowance$1.31 million
Unbacked Noncurrent Loans$2.49 million
Real Estate Owned$0
Historic Data - December 2012
Assets$106.55 million
Equity Capital$10.11 million
Loan Loss Allowance$1.05 million
Unbacked Noncurrent Loans$2.49 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.46%
Return on Assets0.46%
Return on Equity5.33%
Interest Income$4.74 million

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The First Bank of Greenwich Savings Account Rates

1.50%--Holiday Club
0.25%$50k-Special Statement Savings
0.25%--Start2Save Passbook
0.15%$200-Business Statement Savings
0.10%$200-Statement Savings

The First Bank of Greenwich Money Market Rates

0.35%$250k-Business Money Market Account
0.25%$75k-Special Money Market Account
0.10%$2,500-Money Market Account

The First Bank of Greenwich Checking Account Rates

0.05%$1k-Business Interest Checking
0.05%$1k-Interest Checking (NOW)

The First Bank of Greenwich CD Rates

1.51%$1k-5 Year Business CD
1.51%$1k-5 Year CD
1.26%$1k-4 Year Business CD
1.26%$1k-4 Year CD
1.01%$1k-2 Year Business CD
1.01%$1k-3 Year Business CD
1.01%$1k-2 Year CD
1.01%$1k-3 Year CD
0.60%$1k-18 Month Business CD
0.60%$1k-18 Month CD
0.50%$1k-1 Year Business CD
0.50%$1k-1 Year CD
0.30%$1k-9 Month Business CD
0.30%$1k-9 Month CD
0.25%$1k-3 Month Business CD
0.25%$1k-6 Month Business CD
0.25%$1k-3 Month CD
0.25%$1k-6 Month CD

The First Bank of Greenwich Locations
The First Bank Of Greenwich444 East Putnam AvenueCos Cob, CT 6807