Putnam Bank

Overview / Commentary

www.putnambank.com

860-928-6501

40 Main Street
Putnam, CT 06260

Putnam Bank is headquartered in Putnam and is the 20^th largest bank in the state of Connecticut. It is also the 1,401^st largest bank in the nation. It was established in 1862 and as of December of 2019, it had grown to 95 employees at 8 locations. Putnam Bank has an A health rating.

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Health

Data as of Q4 2019

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Health Grade Components

Overall
FDIC Certificate #	18240
Year Established	1862
Employees	95
Primary Regulator	FED

Profit Margin
Return on Assets - YTD	0.78%
Return on Equity - YTD	5.74%
Annual Interest Income	$19.1MM

Assets and Liabilities
Assets	Q4 2019vs Q4 2018	$523.6MM$514.1MM
Loans	Q4 2019vs Q4 2018	$370.7MM$368.6MM
Deposits	Q4 2019vs Q4 2018	$388.8MM$373.1MM
Equity Capital	Q4 2019vs Q4 2018	$73.1MM$69.7MM
Loan Loss Allowance	Q4 2019vs Q4 2018	$3.2MM$2.9MM
Unbacked Noncurrent Loans	Q4 2019vs Q4 2018	$3.9MM$3.9MM
Real Estate Owned	Q4 2019vs Q4 2018	$1.0MM$1.3MM

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.

Putnam Bank Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
1.00%	-	$10k	Success Saver
0.05%	$50	-	Passbook Savings
0.05%	$50	-	Statement Savings
0.05%	-	-	Vacation Club
0.05%	-	-	Christmas Club
0.05%	$50	-	IRA Statement Savings

Putnam Bank Money Market Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
0.20%^*	$50k^*	-	Prestige Money Market
OTHER TIERS: 0.05% → $1k - $15k \| 0.10% → $15k - $25k \| 0.15% → $25k - $50k

Putnam Bank Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME
3.01%	-	$10k	Success Checking
0.40%^*	$10k^*	$50k	Premier Relationship Account
OTHER TIERS: 0.20% → $50k+
0.15%^*	$100k^*	-	501 Smart Choice Checking
OTHER TIERS: 0.03% → $10k - $25k \| 0.07% → $25k - $50k \| 0.12% → $50k - $100k

Putnam Bank CD Rates

APY	MIN	MAX	ACCOUNT NAME
0.95%	$500	-	5 Year CD
0.80%	$1k	-	91 Day CD
0.80%	$500	-	3 Year CD
0.80%	$500	-	4 Year CD
0.65%	$500	-	2 Year CD
0.55%	$1k	-	18 Month CD
0.50%	$500	-	1 Year CD
0.40%	$1k	-	6 Month CD
0.40%	$1k	-	9 Month CD

Putnam Bank IRA Rates

APY	MIN	MAX	ACCOUNT NAME
0.95%	$250	-	5 Year IRA
0.80%	$250	-	3 Year IRA
0.80%	$250	-	4 Year IRA
0.65%	$250	-	2 Year IRA
0.55%	$1k	-	18 Month IRA
0.50%	$250	-	1 Year IRA
0.40%	$250	-	6 Month IRA

Locations

Putnam Bank Locations
Pomfret Branch	100 Averill Road	Pomfret Center, CT 06259
Plainfield Branch	11 Pratt Road	Plainfield, CT 06374
Danielson Branch	125 Wauregan Road, Route 12	Danielson, CT 06239
Branch 22	2 Chapman Lane	Gales Ferry, CT 06335
Price Chopper Branch	251 Kennedy Drive	Putnam, CT 06260
Norwich Branch	40 High Street	Norwich, CT 06360
Putnam Bank	40 Main Street	Putnam, CT 06260
Griswold Branch	461 Voluntown Road, Route 138	Griswold, CT 06351

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