New Haven Bank is headquartered in New Haven and is the 30th largest bank in the state of Connecticut. It is also the 3,400th largest bank in the nation. It was established in 2010 and as of March of 2021, it had grown to 18 employees at 1 location. New Haven Bank has an A+ health rating.
Very Helpful Staff, Good Service.
We opened a CD when this community bank first opened and we saw the post in the rates blog. It was a Connecticut drama when a northeast regional bank took over banking in the New Haven area, and this bank was a way to keep a local bank serving the community. We visited a branch, the staff were all very helpful and it was easy to open accounts. Since we don't live nearby, we have since been able to deal with them by phone, mail or through bank networks. It is a small bank, so may not yet have some electronic services, but your money will not be in a big bank with no standards. It will help serve a small community bank that works in its neighborhood. After two years, we're still satisfied with this bank.
Data as of Q1 2021
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 58952 |
| Year Established | 2010 |
| Employees | 18 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.53% |
| Return on Equity - YTD | 4.69% |
| Annual Interest Income | $1.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2021vs Q1 2020 | $166.5MM$149.9MM |
| Loans | Q1 2021vs Q1 2020 | $135.8MM$126.7MM |
| Deposits | Q1 2021vs Q1 2020 | $131.3MM$113.9MM |
| Equity Capital | Q1 2021vs Q1 2020 | $18.3MM$16.5MM |
| Loan Loss Allowance | Q1 2021vs Q1 2020 | $1.8MM$1.5MM |
| Unbacked Noncurrent Loans | Q1 2021vs Q1 2020 | $58.00K$2.00K |
| Real Estate Owned | Q1 2021vs Q1 2020 | $0$0 |