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The National Iron Bank


Overview / Commentary
www.ironbank.com
860-435-2581
195 Main Street
Salisbury, CT 06068

The National Iron Bank is headquartered in Salisbury and is the 30th largest bank in the state of Connecticut. It is also the 3,037th largest bank in the nation. It was established in 1847 and as of September of 2020, it had grown to 28 employees at 4 locations. The National Iron Bank has a B+ health rating.

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Health
B+

Data as of Q3 2020

Learn why bank health matters

Health Grade Components

Overall
FDIC Certificate #2496
Year Established1847
Employees28
Primary RegulatorOCC
Profit Margin
Return on Assets - YTD0.41%
Return on Equity - YTD5.29%
Annual Interest Income$3.9MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$196.9MM$142.0MM
LoansQ3 2020vs Q3 2019$141.5MM$95.1MM
DepositsQ3 2020vs Q3 2019$182.4MM$131.0MM
Equity CapitalQ3 2020vs Q3 2019$14.3MM$10.9MM
Loan Loss AllowanceQ3 2020vs Q3 2019$520.00K$405.00K
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$0$0
Real Estate OwnedQ3 2020vs Q3 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.

The National Iron Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.02%$250-Statement Savings Account
0.02%$250-Secure Savings
0.02%$2.5k-No-Frills Savings

The National Iron Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%$25k-Harvest Money Market
0.10%$25k-Business Harvest Money Market
0.02%$5k-Apple Money Market

The National Iron Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$10k*-5 Year CD w/ IC Bonus
OTHER TIERS: 0.75% → $1k - $10k
0.75%*$10k*-5 Year CD
OTHER TIERS: 0.50% → $1k - $10k
0.75%*$10k*-4 Year CD w/ IC Bonus
OTHER TIERS: 0.50% → $1k - $10k
0.65%$1k-3 Year CD w/ IC Bonus
0.60%$5k-29 Month CD Special w/ IC Bonus
0.50%$1k-3 Year CD
0.50%*$10k*-4 Year CD
OTHER TIERS: 0.25% → $1k - $10k
0.50%*$10k*-2 Year CD w/ IC Bonus
OTHER TIERS: 0.45% → $1k - $10k
0.40%*$50k*-11 Month CD Special w/ IC Bonus
OTHER TIERS: 0.35% → $5k - $50k
0.40%*$10k*-1 Year CD CD w/ IC Bonus
OTHER TIERS: 0.35% → $1k - $10k
0.35%$5k-29 Month CD Special
0.35%*$10k*-6 Month CD CD w/ IC Bonus
OTHER TIERS: 0.30% → $1k - $10k
0.25%*$10k*-2 Year CD
OTHER TIERS: 0.20% → $1k - $10k
0.15%*$10k*-1 Year CD
OTHER TIERS: 0.10% → $1k - $10k
0.15%*$50k*-11 Month CD Special
OTHER TIERS: 0.10% → $5k - $50k
0.10%*$10k*-6 Month CD
OTHER TIERS: 0.05% → $1k - $10k
Locations


The National Iron Bank Locations
The National Iron Bank195 Main StreetSalisbury, CT 06068
Washington Depot Branch2 Bee Brook RoadWashington Depot, CT 06794
Norfolk Branch2 John J Curtiss RoadNorfolk, CT 06058
The Cornwall BranchRoute 4, Cornwall BridgeCornwall Bridge, CT 06754

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