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 24^th largest bank in the state of Connecticut. It is also the 1,668^th largest bank in the nation. It was established in 1872 and as of September of 2021, it had grown to 79 employees at 8 locations. Milford Bank has an A health rating.

View all posts from:

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 Q3 2021

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Health Grade Components

Overall
FDIC Certificate #	16101
Year Established	1872
Employees	79
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.44%
Return on Equity - YTD	4.56%
Annual Interest Income	$12.6MM

Assets and Liabilities
Assets	Q3 2021vs Q3 2020	$535.3MM$479.1MM
Loans	Q3 2021vs Q3 2020	$391.6MM$416.7MM
Deposits	Q3 2021vs Q3 2020	$471.5MM$408.0MM
Equity Capital	Q3 2021vs Q3 2020	$50.2MM$48.9MM
Loan Loss Allowance	Q3 2021vs Q3 2020	$4.2MM$4.0MM
Unbacked Noncurrent Loans	Q3 2021vs Q3 2020	$1.7MM$2.2MM
Real Estate Owned	Q3 2021vs Q3 2020	$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
1.00%^*	$100k^*	-	Kasasa Saver
OTHER TIERS: 0.50% → Up to $100k
0.15%	$5	-	Passbook Centsible Kids Account
0.15%	$5	-	Passbook Club Account
0.15%^*	$100k^*	-	Passbook Savings
OTHER TIERS: 0.01% → $5 - $5k \| 0.05% → $5k - $50k \| 0.10% → $50k - $100k
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
2.00%^*	-	$15k	Kasasa Cash
OTHER TIERS: 0.25% → $15k+
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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