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Overview / Commentary
203-783-5700
33 Broad Street
Milford, CT 06460

Milford Bank is headquartered in Milford and is the 27th largest bank in the state of Connecticut. It is also the 1,645th largest bank in the nation. It was established in 1872 and as of March of 2017, it had grown to 85 employees at 8 locations. Milford Bank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #16101
Year Established1872
Employees85
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.17%
Return on Equity - YTD1.65%
Annual Interest Income$3.6MM
Assets and Liabilities
AssetsQ1 2017vs Q1 2016$428.3MM$400.2MM
LoansQ1 2017vs Q1 2016$354.6MM$332.7MM
DepositsQ1 2017vs Q1 2016$355.6MM$341.9MM
Equity CapitalQ1 2017vs Q1 2016$44.0MM$43.2MM
Loan Loss AllowanceQ1 2017vs Q1 2016$3.3MM$3.4MM
Unbacked Noncurrent LoansQ1 2017vs Q1 2016$1.4MM$1.6MM
Real Estate OwnedQ1 2017vs Q1 2016$715.00K$912.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%--Passbook Centsible Kids Account
0.15%--Passbook Club Account
0.15%*$100k*-Passbook Savings
OTHER TIERS: 0.01% Up to $5k | 0.05% $5k - $50k | 0.10% $50k - $100k
0.15%*$100k*-Statement Savings
OTHER TIERS: 0.01% Up to $5k | 0.05% $5k - $50k | 0.10% $50k - $100k

Milford Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$250k*-Sound Money Market Fund
OTHER TIERS: 0.05% Up to $10k | 0.10% $10k - $50k | 0.15% $50k - $100k | 0.20% $100k - $250k

Milford Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%--IORETA
0.10%--IOLTA
0.05%--Prestige Checking
0.02%--Select Checking

Milford Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.85%$1k-5 Year CD
0.75%$1k-4 Year CD
0.55%$1k-3 Year CD
0.50%$1k-30 Month CD (PRESTIGE ONLY)
0.25%$1k-18 Month CD
0.25%$1k-2 Year CD
0.15%$1k-1 Year CD
0.10%$1k-91 Day CD
0.10%$1k-6 Month CD
Locations


Milford Bank Locations
Boston Post Road Branch1455 Boston Post RoadMilford, CT 06460
Devon Branch205 Bridgeport AvenueMilford, CT 06460
Stratford Branch2366 Main StreetStratford, CT 06615
Woodmont Branch259 Merwin AvenueMilford, CT 06460
295 Boston Post Road Branch295 Boston Post RoadMilford, CT 06460
The Milford Bank33 Broad StreetMilford, CT 06460