Milford Bank is headquartered in Milford and is the 22nd largest bank in the state of Connecticut. It is also the 1,709th 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.
Overall | |
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FDIC Certificate # | 16101 |
Year Established | 1872 |
Employees | 81 |
Primary Regulator | FDIC |
Profit Margin | |
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Return on Assets - YTD | 0.23% |
Return on Equity - YTD | 2.24% |
Annual Interest Income | $17.0MM |
Assets and Liabilities | ||
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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 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
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0.10%* | $100k* | - | Sound Money Market Fund | ||
OTHER TIERS: 0.02% → $5 - $5k | 0.03% → $5k - $10k | 0.05% → $10k - $100k |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
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 |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.20% | $25 | - | 1 year+ Floating Rate IRA |
Milford Bank Locations | ||
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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 |