Eastern Connecticut Savings Bank

Overview / Commentary

www.bankeasternct.com

860-425-0123

257 Main Street
Norwich, CT 06360

Eastern Connecticut Savings Bank is headquartered in Norwich and is the 28^th largest bank in the state of Connecticut. It is also the 2,868^th largest bank in the nation. It was established in 1915 and as of June of 2021, it had grown to 62 employees at 5 locations. Eastern Connecticut Savings Bank has a B health rating.

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Health

Data as of Q2 2021

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Health Grade Components

Overall
FDIC Certificate #	28167
Year Established	1915
Employees	62
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.48%
Return on Equity - YTD	6.78%
Annual Interest Income	$4.4MM

Assets and Liabilities
Assets	Q2 2021vs Q2 2020	$236.7MM$212.8MM
Loans	Q2 2021vs Q2 2020	$208.8MM$172.7MM
Deposits	Q2 2021vs Q2 2020	$215.6MM$187.2MM
Equity Capital	Q2 2021vs Q2 2020	$16.8MM$15.8MM
Loan Loss Allowance	Q2 2021vs Q2 2020	$1.7MM$1.4MM
Unbacked Noncurrent Loans	Q2 2021vs Q2 2020	$3.5MM$4.9MM
Real Estate Owned	Q2 2021vs Q2 2020	$0$0

Rates

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Savings
Money Market
Checking
CD
IRA

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Eastern Connecticut Savings Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%^*	$25k^*	-	Health Savings
OTHER TIERS: 0.05% → $1 - $5k \| 0.10% → $5k - $25k
0.10%^*	$10k^*	-	IRA Stmt Savings
OTHER TIERS: 0.05% → $25 - $10k
0.05%	$25	-	Business Statement Savings
0.05%	$25	-	e-Statement Savings
0.05%	$1	-	Holiday Club

Eastern Connecticut Savings Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.30%^*	$100k^*	-	Business Money Market
OTHER TIERS: 0.05% → $2.5k - $25k \| 0.10% → $25k - $50k \| 0.15% → $50k - $100k
0.20%^*	$50k^*	-	EZ Access Money Market Checking
OTHER TIERS: 0.10% → $500 - $25k \| 0.15% → $25k - $50k

Eastern Connecticut Savings Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%	$25	-	IOLTA
0.15%	$25	-	IOREBTA
0.05%	$25	-	Business Interest Checking

Eastern Connecticut Savings Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.65%	$500	-	5 Year CD
0.55%	$500	-	4 Year CD
0.45%	$500	-	3 Year CD
0.40%	$500	-	2 Year CD
0.30%	$500	-	18 Month CD
0.25%	$500	-	1 Year CD
0.15%	$500	-	6 Month CD
0.10%	$500	-	91 Day CD
0.05%	$5k	-	14 Day CD

Eastern Connecticut Savings Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.65%	$500	-	5 Year IRA
0.55%	$500	-	4 Year IRA
0.45%	$500	-	3 Year IRA
0.40%	$500	-	2 Year IRA
0.30%	$500	-	18 Month IRA
0.25%	$500	-	1 Year IRA
0.15%	$500	-	6 Month IRA
0.10%	$500	-	91 Day IRA

Locations

Eastern Connecticut Savings Bank Locations
Jewett City Branch	1 Slater Avenue	Jewett City, CT 06351
Plainfield Branch	14 Lathrop Road	Plainfield, CT 06374
Eastern Savings Bank	257 Main St	Norwich, CT 06360
West Side Office	666 West Main Street	Norwich, CT 06360
Norwichtown Branch	220 West Town Street	Norwich, CT 06360

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