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 22^nd largest bank in the state of Connecticut. It is also the 1,709^th largest bank in the nation. It was established in 1872 and as of December of 2020, it had grown to 81 employees at 8 locations. Milford Bank has an A 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 Q4 2020

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Health Grade Components

Overall
FDIC Certificate #	16101
Year Established	1872
Employees	81
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	0.23%
Return on Equity - YTD	2.24%
Annual Interest Income	$17.0MM

Assets and Liabilities
Assets	Q4 2020vs Q4 2019	$482.2MM$449.7MM
Loans	Q4 2020vs Q4 2019	$406.8MM$388.6MM
Deposits	Q4 2020vs Q4 2019	$420.4MM$360.6MM
Equity Capital	Q4 2020vs Q4 2019	$49.0MM$47.7MM
Loan Loss Allowance	Q4 2020vs Q4 2019	$4.3MM$3.1MM
Unbacked Noncurrent Loans	Q4 2020vs Q4 2019	$1.5MM$1.3MM
Real Estate Owned	Q4 2020vs Q4 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.

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 Street	Milford, CT 06460
Main Street Stratford Branch	3651 Main Street	Stratford, CT 06614

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