Litchfield Bancorp

Overview / Commentary

www.litchfieldbancorp.com

860-567-9401

294 West Street
Litchfield, CT 06759-0997

Litchfield Bancorp is headquartered in Litchfield and is the 28^th largest bank in the state of Connecticut. It is also the 2,475^th largest bank in the nation. It was established in 1850 and as of June of 2020, it had grown to 57 employees at 6 locations. Litchfield Bancorp has a B health rating.

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Health

Data as of Q2 2020

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Health Grade Components

Overall
FDIC Certificate #	18209
Year Established	1850
Employees	57
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.21%
Return on Equity - YTD	2.68%
Annual Interest Income	$4.6MM

Assets and Liabilities
Assets	Q2 2020vs Q2 2019	$279.3MM$250.0MM
Loans	Q2 2020vs Q2 2019	$215.5MM$197.1MM
Deposits	Q2 2020vs Q2 2019	$253.5MM$218.3MM
Equity Capital	Q2 2020vs Q2 2019	$21.0MM$21.2MM
Loan Loss Allowance	Q2 2020vs Q2 2019	$1.8MM$1.7MM
Unbacked Noncurrent Loans	Q2 2020vs Q2 2019	$2.6MM$988.00K
Real Estate Owned	Q2 2020vs Q2 2019	$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.

Litchfield Bancorp Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%	-	-	Escrow Passbook Savings
0.15%	-	-	Agent Passbook Savings
0.07%^*	$100k^*	-	Reality Statement Savings
OTHER TIERS: 0.03% → Up to $5k \| 0.04% → $2.5k - $50k \| 0.05% → $5k - $25k \| 0.06% → $50k - $100k
0.05%	-	-	Health Savings Account
0.04%^*	$40k^*	-	IRA Statement Savings
OTHER TIERS: 0.01% → $50 - $500 \| 0.02% → $500 - $5k \| 0.03% → $5k - $40k
0.02%	-	-	Passbook Savings
0.02%	-	-	Statement Savings
0.02%	-	-	Holiday Club
0.02%	-	-	Vacation Club
0.02%	-	-	Transaction Statement Savings

Litchfield Bancorp Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.07%^*	$250k^*	-	Reality Money Market Statement Savings
OTHER TIERS: 0.03% → Up to $50k \| 0.04% → $50k - $75k \| 0.05% → $75k - $100k \| 0.06% → $100k - $250k
0.04%^*	$30k^*	-	Money Market Passbook
OTHER TIERS: 0.03% → $500 - $30k
0.04%^*	$30k^*	-	Freedom Money Market
OTHER TIERS: 0.03% → $500 - $30k

Litchfield Bancorp Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.10%	-	-	IOLTA
0.05%	-	-	IORETA
0.02%	-	-	Reality Checking
0.02%	-	-	Freedom 50 Checking

Litchfield Bancorp CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.85%	$500	-	5 Year Freedom 50 CD
0.75%	$500	-	60 Month CD
0.70%	$500	-	4 Year Freedom 50 CD
0.65%	$500	-	3 Year Freedom 50 CD
0.60%	$500	-	48 Month CD
0.55%	$500	-	36 Month CD
0.50%	$500	-	2 Year Freedom 50 CD
0.45%	$500	-	30 Month CD
0.40%	$500	-	24 Month CD
0.35%	$500	-	18 Month CD
0.35%	$500	-	1 Year Freedom 50 CD
0.25%	$500	-	15 Month CD
0.25%	$500	-	12 Month CD
0.25%	$500	-	9 Month CD
0.15%	$500	-	6 Month CD
0.05%	$500	-	31 Day CD
0.05%	$500	-	60 Day CD
0.05%	$500	-	91 Day CD

Litchfield Bancorp IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.85%	$500	-	5 Year Freedom 50 IRA
0.75%	$500	-	60 Month IRA
0.70%	$500	-	4 Year Freedom 50 IRA
0.65%	$500	-	3 Year Freedom 50 IRA
0.60%	$500	-	48 Month IRA
0.55%	$500	-	36 Month IRA
0.50%	$500	-	2 Year Freedom 50 IRA
0.45%	$500	-	30 Month IRA
0.40%	$500	-	24 Month IRA
0.35%	$500	-	18 Month IRA
0.35%	$500	-	1 Year Freedom 50 IRA
0.25%	$500	-	15 Month IRA
0.25%	$500	-	12 Month IRA
0.25%	$500	-	9 Month IRA
0.15%	$500	-	6 Month IRA
0.05%	$500	-	31 Day IRA
0.05%	$500	-	60 Day IRA
0.05%	$500	-	91 Day IRA

Locations

Litchfield Bancorp Locations
Washington Depot Branch	11 Bryan Plaza	Washington Depot, CT 06794
Torrington Bus. Banking Ctr. Branch	1320 East Main Street	Torrington, CT 06790
Litchfield Bancorp	294 West Street P.o. Box 997	Litchfield, CT 06759
Salisbury Branch	326 Main Street	Lakeville, CT 06039
Watertown Branch	51 Straits Turnpike	Watertown, CT 06795

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