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Stafford Savings Bank


Overview / Commentary
www.staffordsavingsbank.com
860-684-4261
2 Furnace Avenue
Stafford Springs, CT 06076

Stafford Savings Bank is headquartered in Stafford Springs and is the 28th largest bank in the state of Connecticut. It is also the 2,266th largest bank in the nation. It was established in 1872 and as of March of 2020, it had grown to 31 employees at 3 locations. Stafford Savings Bank has a C health rating.

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Health
C

Data as of Q1 2020

Learn why bank health matters
Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Stafford Savings Bank has a negative return on equity.

Health Grade Components

Overall
FDIC Certificate #18227
Year Established1872
Employees31
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-23.32%
Return on Equity - YTD-57.88%
Annual Interest Income$1.9MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$290.8MM$291.9MM
LoansQ1 2020vs Q1 2019$66.4MM$65.0MM
DepositsQ1 2020vs Q1 2019$154.7MM$153.5MM
Equity CapitalQ1 2020vs Q1 2019$111.1MM$118.2MM
Loan Loss AllowanceQ1 2020vs Q1 2019$1.3MM$1.3MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$745.00K$604.00K
Real Estate OwnedQ1 2020vs Q1 2019$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Stafford Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.11%$5-Statement Savings
0.10%$5-Christmas Club
0.10%$5-Tax Club
0.10%$5-Vacation Club

Stafford Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.16%*$100k*-Premium Account
OTHER TIERS: 0.14% → $10k - $100k
0.12%$1k-Money Market Account
0.12%*$1k*-Money Market Checking
OTHER TIERS: 0.08% → $100 - $1k

Stafford Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$100-Now Checking

Stafford Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$500-5 Year CD
0.75%$500-2 Year CD
0.75%$500-2 1/2 Year CD
0.75%$500-3 Year CD
0.75%$500-4 Year CD
0.50%$500-1 Year CD
0.50%$500-1 1/2 Year CD
0.35%$1k-6 Month CD
0.25%$1k-91 Day CD

Stafford Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$500-5 Year IRA
0.75%$500-2 Year IRA
0.75%$500-2 1/2 Year IRA
0.75%$500-3 Year IRA
0.75%$500-4 Year IRA
0.50%$500-1 Year IRA
0.50%$500-1 1/2 Year IRA
Locations


Stafford Savings Bank Locations
Stafford Savings Bank2 Furnace AvenueStafford Springs, CT 06076
Brookside Professional Center Branch74 West Stafford RoadStafford Springs, CT 06076
Plaza Branch85 West Stafford RoadStafford Springs, CT 06076

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