Litchfield Bancorp

Overview / Commentary
294 West Street
Litchfield, CT 06759-0997

Litchfield Bancorp is headquartered in Litchfield and is the 28th largest bank in the state of Connecticut. It is also the 2,475th 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 Grade Components

FDIC Certificate #18209
Year Established1850
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.21%
Return on Equity - YTD2.68%
Annual Interest Income$4.6MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$279.3MM$250.0MM
LoansQ2 2020vs Q2 2019$215.5MM$197.1MM
DepositsQ2 2020vs Q2 2019$253.5MM$218.3MM
Equity CapitalQ2 2020vs Q2 2019$21.0MM$21.2MM
Loan Loss AllowanceQ2 2020vs Q2 2019$1.8MM$1.7MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$2.6MM$988.00K
Real Estate OwnedQ2 2020vs Q2 2019$0$0
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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

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

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

0.02%--Reality Checking
0.02%--Freedom 50 Checking

Litchfield Bancorp CD Rates

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

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

Litchfield Bancorp Locations
Washington Depot Branch11 Bryan PlazaWashington Depot, CT 06794
Torrington Bus. Banking Ctr. Branch1320 East Main StreetTorrington, CT 06790
Litchfield Bancorp294 West Street P.o. Box 997Litchfield, CT 06759
Salisbury Branch326 Main StreetLakeville, CT 06039
Watertown Branch51 Straits TurnpikeWatertown, CT 06795

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