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Torrington Savings Bank


Overview / Commentary
www.torringtonsavings.com
860-496-2152
129 Main Street
Torrington, CT 06790

Torrington Savings Bank is headquartered in Torrington and is the 17th largest bank in the state of Connecticut. It is also the 1,013th largest bank in the nation. It was established in 1868 and as of December of 2020, it had grown to 114 employees at 9 locations. Torrington Savings Bank has an A+ health rating.

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Health
A+

Data as of Q4 2020

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Health Grade Components

Overall
FDIC Certificate #16636
Year Established1868
Employees114
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.02%
Return on Equity - YTD0.1%
Annual Interest Income$24.7MM
Assets and Liabilities
AssetsQ4 2020vs Q4 2019$894.4MM$829.5MM
LoansQ4 2020vs Q4 2019$524.0MM$529.3MM
DepositsQ4 2020vs Q4 2019$712.7MM$654.7MM
Equity CapitalQ4 2020vs Q4 2019$171.5MM$170.8MM
Loan Loss AllowanceQ4 2020vs Q4 2019$5.3MM$4.7MM
Unbacked Noncurrent LoansQ4 2020vs Q4 2019$4.0MM$3.3MM
Real Estate OwnedQ4 2020vs Q4 2019$0$223.00K
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Torrington Savings Bank Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.12%*-$1kFirst Time Savers Club
OTHER TIERS: 0.10% → $1k+
0.05%$5-Hometown Savings
0.05%--Build Your Own Club Account

Torrington Savings Bank Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$1k*-Hometown Money Market
OTHER TIERS: 0.05% → Up to $1k
0.10%$1k-Better Business Money Market
0.10%--IRA Money Market Statement Account
0.10%--IRA Money Market Passbook Account

Torrington Savings Bank Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%$5-IOLTA Checking
0.05%$250-Advantage NOW Checking
0.05%$5-Advantage 50 Checking
0.05%$5-IOREBTA Checking

Torrington Savings Bank CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$1k-5 Year CD
0.55%$1k-4 Year CD
0.45%$1k-30 Month CD
0.45%$1k-3 Year CD
0.40%$1k-2 Year CD
0.35%$1k-18 Month CD
0.35%$1k-21 Month Bump Up CD
0.30%$1k-1 Year CD
0.30%$1k-13 Month CD
0.30%$1k-15 Month CD
0.25%$1k-6 Month CD
0.25%$1k-9 Month CD
0.15%$1k-3 Month CD

Torrington Savings Bank IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.60%$1k-5 Year IRA
0.55%$1k-4 Year IRA
0.45%$100-30 Month Variable IRA
0.45%$1k-30 Month IRA
0.45%$1k-3 Year IRA
0.40%$1k-2 Year IRA
0.35%$1k-18 Month IRA
0.35%$1k-21 Month Bump Up IRA
0.30%$1k-1 Year IRA
0.30%$1k-13 Month IRA
0.30%$1k-15 Month IRA
0.25%$1k-6 Month IRA
0.25%$1k-9 Month IRA
0.15%$1k-3 Month IRA
Locations


Torrington Savings Bank Locations
The Torrington Savings Bank129 Main StreetTorrington, CT 06790
Dibble Street Branch235 Dibble StreetTorrington, CT 06790
Burlington Branch258 Spielman HighwayBurlington, CT 06013
New Hartford Branch518 Main StreetNew Hartford, CT 06057
Goshen Branch55 Sharon TurnpikeGoshen, CT 06756
North End Branch635 Main StreetTorrington, CT 06790
Falls Village BranchRoutes 7 and 126Falls Village, CT 06031

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