Milford Bank

Overview / Commentary

www.milfordbank.com

203-783-5700

33 Broad Street
Milford, CT 06460

Milford Bank is headquartered in MILFORD and is the 20^th largest bank in the state of Connecticut. It is also the 1,572^nd largest bank in the nation. It was established in 1872 and as of June of 2023, it had grown to 75 employees at 8 locations. Milford Bank has a B health rating.

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2019

5/27 - Milford Bank's (CT) New Kasasa Cash Earns 3.00% APY Up To $15k

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Health

Data as of Q2 2023

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Health Grade Components

Overall
FDIC Certificate #	16101
Year Established	1872
Employees	75
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.33%
Return on Equity - YTD	4.33%
Annual Interest Income	$10.4MM

Assets and Liabilities
Assets	Q2 2023vs Q2 2022	$570.0MM$582.4MM
Loans	Q2 2023vs Q2 2022	$428.7MM$403.4MM
Deposits	Q2 2023vs Q2 2022	$496.9MM$524.1MM
Equity Capital	Q2 2023vs Q2 2022	$42.7MM$43.6MM
Loan Loss Allowance	Q2 2023vs Q2 2022	$4.5MM$4.3MM
Unbacked Noncurrent Loans	Q2 2023vs Q2 2022	$1.9MM$2.1MM
Real Estate Owned	Q2 2023vs Q2 2022	$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.

Milford Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.15%	$5	-	Passbook Centsible Kids Account
0.15%^*	$100k^*	-	Statement Savings
OTHER TIERS: 0.01% → $5 - $5k \| 0.05% → $5k - $50k \| 0.10% → $50k - $100k

Milford Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.10%^*	$100k^*	-	Sound Money Market Fund
OTHER TIERS: 0.02% → $5 - $5k \| 0.03% → $5k - $10k \| 0.05% → $10k - $100k

Milford Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.05%	$5	-	IORETA
0.05%	$5	-	IOLTA
0.02%	$5	-	Prestige Checking
0.02%	$5	-	Select Checking

Milford Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.35%	$1k	-	5 Year CD
0.30%	$1k	-	4 Year CD
0.25%	$1k	-	3 Year CD
0.25%	$1k	-	30 Month CD (Prestige Only)
0.15%	$1k	-	2 Year CD
0.10%	$1k	-	1 Year CD
0.10%	$1k	-	18 Month CD
0.05%	$1k	-	91 Day CD
0.05%	$1k	-	6 Month CD

Milford Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%	$25	-	1 year+ Floating Rate IRA

Locations

Milford Bank Locations
Boston Post Road Branch	1455 Boston Post Road	Milford, CT 06460
Devon Branch	205 Bridgeport Avenue	Milford, CT 06460
Woodmont Branch	259 Merwin Avenue	Milford, CT 06460
295 Boston Post Road Branch	295 Boston Post Road	Milford, CT 06460
The Milford Bank	33 Broad St	Milford, CT 06460
Main Street Stratford Branch	3651 Main Street	Stratford, CT 06614

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