Jewett City Savings Bank is headquartered in JEWETT CITY and is the 25th largest bank in the state of Connecticut. It is also the 2,074th largest bank in the nation. It was established in 1873 and as of March of 2023, it had grown to 84 employees at 7 locations. Jewett City Savings Bank has an A health rating.
Jewett City Savings Bank
I use several larger banks but decided that I wanted something more local to get the personal feel. I decided that Jewett City would be a good place to go and I have not been disappointed. They may not have the best rates for savings and checking but they more than make up for it with customer service. Every time I walk into the bank I am also greeted with a smile. The best part is how hard they work to answer my questions. They may not be able to give me the answer I want to hear but they are honest which I want. Not to say that the bigger banks have decent customer service but I feel the smaller banks work more for there customers because they have a limited number of people to service.
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 18237 |
| Year Established | 1873 |
| Employees | 84 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1% |
| Return on Equity - YTD | 7.25% |
| Annual Interest Income | $4.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $389.9MM$401.9MM |
| Loans | Q1 2023vs Q1 2022 | $310.8MM$290.8MM |
| Deposits | Q1 2023vs Q1 2022 | $323.2MM$335.4MM |
| Equity Capital | Q1 2023vs Q1 2022 | $55.9MM$52.8MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $2.3MM$3.3MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $1.8MM$3.6MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $0$734.00K |