Jewett City Savings Bank is headquartered in JEWETT CITY and is the 24th largest bank in the state of Connecticut. It is also the 2,005th largest bank in the nation. It was established in 1873 and as of December of 2023, it had grown to 85 employees at 7 locations. Jewett City Savings Bank's money market rates are 48% higher than the national average, and it 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 Q4 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 18237 |
| Year Established | 1873 |
| Employees | 85 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.05% |
| Return on Equity - YTD | 7.5% |
| Annual Interest Income | $19MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2023vs Q4 2022 | $419.9MM$403.3MM |
| Loans | Q4 2023vs Q4 2022 | $328.1MM$304.4MM |
| Deposits | Q4 2023vs Q4 2022 | $347.4MM$339.3MM |
| Equity Capital | Q4 2023vs Q4 2022 | $59.2MM$53.8MM |
| Loan Loss Allowance | Q4 2023vs Q4 2022 | $2.3MM$3.3MM |
| Unbacked Noncurrent Loans | Q4 2023vs Q4 2022 | $1.9MM$1.6MM |
| Real Estate Owned | Q4 2023vs Q4 2022 | $0$0 |