The Guilford Savings Bank

One Park Street
Guilford, CT 6437
(203) 453-2721
www.gsb-yourbank.com

OverView
Rates
Health
Reviews

The Guilford Savings Bank is headquartered in Guilford and is the 24^th largest bank in the state of Connecticut. It is also the 1,286^th largest bank in the nation. It was established in 1875 and as of March of 2012, it had grown to 97 employees at 7 locations. The Guilford Savings Bank has a 4-star health rating.

Report an Issue

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

The Guilford Savings Bank Checking Account Rates

Apy	Min	Max	Product
0.15%	$25k	-	FreedomPremier Checking
0.05%	$1k	-	FreedomPlus Checking

The Guilford Savings Bank Savings Account Rates

Apy	Min	Max	Product
0.30%	$15k	-	Health Savings Account
0.20%	$50	-	FreedomPremier Savings
0.20%	$2,500	-	FreedomPremier IRA Savings
0.15%	$50	-	Premier Commercial Savings
0.10%	$50	-	Freedom 50+ Savings
0.10%	$2,500	-	Freedom 50+ IRA Savings
0.10%	-	-	School Savings
0.10%	$50	-	Freedom Business Savings
0.05%	-	-	Holiday Club Account
0.05%	$50	-	Easy Access Savings
0.05%	$50	-	IRA Statement Savings
0.05%	$50	-	Passbook Savings
0.05%	$50	-	E-Savings

The Guilford Savings Bank Money Market Rates

Apy	Min	Max	Product
0.60%	$100k	-	Premier Commercial Money Market
0.40%	$100k	-	FreedomPremier Money Market
0.35%	$100k	-	Business Money Market
0.30%	$50k	-	Mutual Interest Money Market

The Guilford Savings Bank CD Rates

Apy	Min	Max	Product
1.10%	$5k	-	PremierCommercial 19-Month CD Special
0.80%	$5k	-	PremierCommercial 10-Month CD Special
0.75%	$5k	-	FreedomBusiness 19 Month CD Special
0.65%	$1k	-	5 Year FreedomPremier CD
0.60%	$5k	-	FreedomBusiness 10 Month CD Special
0.60%	$1k	-	3 Year Business CD Special
0.60%	$1k	-	4 Year FreedomPremier CD
0.50%	$5k	-	14 Month FreedomPremier CD Special
0.50%	$1k	-	3 Year FreedomPremier CD
0.50%	$1k	-	4 Year Freedom50+ CD
0.50%	$1k	-	5 Year Freedom50+ CD
0.40%	$1k	-	2 Year Business CD Special
0.40%	$5k	-	14 Month Freedom50+ CD Special
0.40%	$1k	-	30 Month FreedomPremier CD
0.40%	$1k	-	3 Year Freedom50+ CD
0.40%	$1k	-	4 Year Other Relationship CD
0.40%	$1k	-	5 Year Other Relationship CD
0.35%	$1k	-	1 Year Business CD
0.30%	$1k	-	6 Month Business CD
0.30%	$5k	-	14 Month Other Relationship CD Special
0.30%	$1k	-	18 Month FreedomPremier CD
0.30%	$1k	-	2 Year FreedomPremier CD
0.30%	$1k	-	30 Month Freedom50+ CD
0.30%	$1k	-	3 Year Other Relationship CD
0.30%	$1k	-	5 Year Non-Relationship CD
0.25%	$1k	-	9 Month FreedomPremier CD
0.25%	$1k	-	1 Year FreedomPremier CD
0.25%	$1k	-	4 Year Non-Relationship CD
0.20%	$1k	-	3 Month Business CD
0.20%	$1k	-	6 Month FreedomPremier CD
0.20%	$1k	-	18 Month Freedom50+ CD
0.20%	$1k	-	2 Year Freedom50+ CD
0.20%	$1k	-	30 Month Other Relationship CD
0.20%	$1k	-	3 Year Non-Relationship CD
0.15%	$1k	-	6 Month Freedom50+ CD
0.15%	$1k	-	9 Month Freedom50+ CD
0.15%	$1k	-	1 Year Freedom50+ CD
0.15%	$1k	-	18 Month Other Relationship CD
0.15%	$1k	-	2 Year Other Relationship CD
0.10%	$5k	-	14 Month Non-Relationship CD Special
0.10%	$1k	-	3 Month FreedomPremier CD
0.10%	$1k	-	3 Month Freedom50+ CD
0.10%	$1k	-	6 Month Other Relationship CD
0.10%	$1k	-	9 Month Other Relationship CD
0.10%	$1k	-	1 Year Other Relationship CD
0.10%	$1k	-	18 Month Non-Relationship CD
0.10%	$1k	-	2 Year Non-Relationship CD
0.10%	$1k	-	30 Month Non-Relationship CD
0.05%	$1k	-	3 Month Other Relationship CD
0.05%	$1k	-	3 Month Non-Relationship CD
0.05%	$1k	-	6 Month Non-Relationship CD
0.05%	$1k	-	9 Month Non-Relationship CD
0.05%	$1k	-	1 Year Non-Relationship CD

The Guilford Savings Bank IRA Rates

Apy	Min	Max	Product
0.65%	$1k	-	5 Year FreedomPremier IRA
0.60%	$1k	-	4 Year FreedomPremier IRA
0.50%	$5k	-	14 Month FreedomPremier IRA Special
0.50%	$1k	-	3 Year FreedomPremier IRA
0.50%	$1k	-	4 Year Freedom50+ IRA
0.50%	$1k	-	5 Year Freedom50+ IRA
0.40%	$5k	-	14 Month Freedom50+ IRA Special
0.40%	$1k	-	30 Month FreedomPremier IRA
0.40%	$1k	-	3 Year Freedom50+ IRA
0.40%	$1k	-	4 Year Other Relationship IRA
0.40%	$1k	-	5 Year Other Relationship IRA
0.30%	$5k	-	14 Month Other Relationship IRA Special
0.30%	$1k	-	2 Year FreedomPremier IRA
0.30%	$1k	-	30 Month Freedom50+ IRA
0.30%	$1k	-	3 Year Other Relationship IRA
0.30%	$1k	-	5 Year Non-Relationship IRA
0.25%	$1k	-	1 Year FreedomPremier IRA
0.25%	$1k	-	4 Year Non-Relationship IRA
0.20%	$1k	-	2 Year Freedom50+ IRA
0.20%	$1k	-	30 Month Other Relationship IRA
0.20%	$1k	-	3 Year Non-Relationship IRA
0.15%	$1k	-	1 Year Freedom50+ IRA
0.15%	$1k	-	2 Year Other Relationship IRA
0.10%	$1k	-	1 Year Other Relationship IRA
0.10%	$5k	-	14 Month Non-Relationship IRA Special
0.10%	$1k	-	2 Year Non-Relationship IRA
0.10%	$1k	-	30 Month Non-Relationship IRA
0.05%	$1k	-	1 Year Non-Relationship IRA

Rates updated: 5/26/2012

Data for Q1 2012

Institution Statistics

The Guilford Savings Bank
FDIC Certificate #	18194
BankRate Report	View
Year Established	1875
Employees	97
Primary Regulator	FDIC
Assets and Liabilities
Assets	$527.22 million
Loans	$333.60 million
Deposits	$432.19 million
Equity Capital	$69.86 million
Loan Loss Allowance	$3.50 million
Unbacked Noncurrent Loans	$6.15 million
Real Estate Owned	$233,000
Historic Data - March 2011
Assets	$505.91 million
Equity Capital	$64.33 million
Loan Loss Allowance	$3.38 million
Unbacked Noncurrent Loans	$4.19 million
Real Estate Owned	$283,000
Profit Margin - Quarterly
Net Interest Margin	3.33%
Return on Assets	0.56%
Return on Equity	4.19%
Interest Income	$5.05 million

Institution Health

Overall Score:

4 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 Guilford Savings Bank had $6.39 million in non-current loans and owned real-estate with $73.36 million in equity and loan loss allowances on hand to cover it. This gives The Guilford Savings Bank a Texas Ratio of 8.71% 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 Guilford Savings Bank held steady from 6.61% as of March 31, 2011 to 8.71% as of March 31, 2012, resulting in a negative change of 31.72%. This indicates that the balance sheet and financial strength for The Guilford Savings Bank has held steady in recent periods.
Deposit Growth
In the past year, The Guilford Savings Bank has increased its total deposits by $18.47 million, resulting in 4.46% 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 Guilford Savings Bank has shown is above average.
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 Guilford Savings Bank has $527.22 million in assets with $73.36 million in equity, resulting in a capitalization level of 13.91%, which is excellent.

No reviews have been left for this bank yet. Be the first to review.