2. Chelsea Groton Bank

Chelsea Groton Bank


Overview / Commentary
www.chelseagroton.com
860-448-4200
One Franklin Square
Norwich, CT 06360

Chelsea Groton Bank is headquartered in Norwich and is the 13th largest bank in the state of Connecticut. It is also the 701st largest bank in the nation. It was established in 1854 and as of December of 2018, it had grown to 207 employees at 14 locations. Chelsea Groton Bank has an A health rating.

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Health
A

Data as of Q4 2018

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Health Grade Components

Overall
FDIC Certificate #18238
Year Established1854
Employees207
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.02%
Return on Equity - YTD6.84%
Annual Interest Income$38.8MM
Assets and Liabilities
AssetsQ4 2018vs Q4 2017$1.12B$1.07B
LoansQ4 2018vs Q4 2017$831.4MM$787.5MM
DepositsQ4 2018vs Q4 2017$891.3MM$869.7MM
Equity CapitalQ4 2018vs Q4 2017$169.4MM$161.5MM
Loan Loss AllowanceQ4 2018vs Q4 2017$7.9MM$7.1MM
Unbacked Noncurrent LoansQ4 2018vs Q4 2017$4.3MM$6.6MM
Real Estate OwnedQ4 2018vs Q4 2017$177.00K$929.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Chelsea Groton Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$25k*-IRA Statement
OTHER TIERS: 0.05% → $25 - $25k
0.10%*$5k*-Passbook Relationship Savings
OTHER TIERS: 0.05% → $25 - $5k
0.10%*$5k*-Statement Relationship Savings
OTHER TIERS: 0.05% → $25 - $5k
0.10%$25-Municipal Investment Sweep
0.10%--Business Investment Sweep Account
0.05%$25-Statement Savings
0.05%$25-Passbook Savings
0.05%--Vacation Club
0.05%-$1mHoliday Club
0.05%$25-Chelsea U Savings
0.05%--Business Savings

Chelsea Groton Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$25k*-Business Money Market
OTHER TIERS: 0.05% → $25 - $25k
0.10%*$25k*-Money Market Relationship Account
OTHER TIERS: 0.05% → $25 - $25k
0.05%$25-Money Market Account

Chelsea Groton Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.03%--Relationship Checking
0.01%$25$1m50 Plus Checking

Chelsea Groton Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%$500-60 Month Relationship CD
1.20%$500-60 Month CD
1.10%$500-48 Month Relationship CD
0.90%$500-48 Month CD
0.85%$500-36 Month Relationship CD
0.85%$500-42 Month Relationship Bump Up CD
0.75%$500-30 Month Relationship CD
0.65%$500-36 Month CD
0.55%$500-24 Month Relationship CD
0.55%$500-30 Month CD
0.40%$500-15 Month Relationship Bump Up CD
0.40%$500-18 Month Relationship CD
0.35%$500-24 Month CD
0.25%$500-12 Month Relationship CD
0.25%$500-18 Month CD
0.15%$500-12 Month CD
0.15%$500-6 Month Relationship CD
0.10%$500-6 Month CD
0.10%$500-3 Month Relationship CD
0.05%$500-3 Month CD

Chelsea Groton Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%$500-60 Month Relationship IRA
1.20%$500-60 Month IRA
1.10%$500-48 Month Relationship IRA
0.90%$500-48 Month IRA
0.85%$500-36 Month Relationship IRA
0.85%$500-42 Month Relationship Bump Up IRA
0.75%$500-30 Month Relationship IRA
0.65%$500-36 Month IRA
0.55%$500-24 Month Relationship IRA
0.55%$500-30 Month IRA
0.40%$500-15 Month Relationship Bump Up IRA
0.40%$500-18 Month Relationship IRA
0.35%$500-24 Month IRA
0.25%$100-12 Month Relationship IRA Flexible
0.25%$500-12 Month Relationship IRA
0.25%$500-18 Month IRA
0.15%$100-12 Month IRA Flexible
0.15%$500-6 Month Relationship IRA
0.15%$500-12 Month IRA
0.10%$500-3 Month Relationship IRA
0.10%$500-6 Month IRA
0.05%$500-3 Month IRA
Locations

Availability



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