Torrington Savings Bank

Overview / Commentary
129 Main Street
Torrington, CT 06790

Torrington Savings Bank is headquartered in Torrington and is the 18th largest bank in the state of Connecticut. It is also the 978th largest bank in the nation. It was established in 1868 and as of March of 2020, it had grown to 113 employees at 9 locations. Torrington Savings Bank has a B+ health rating.


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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. Torrington Savings Bank has a negative return on equity.

Health Grade Components

FDIC Certificate #16636
Year Established1868
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-3.03%
Return on Equity - YTD-14.92%
Annual Interest Income$6.6MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$825.6MM$828.9MM
LoansQ1 2020vs Q1 2019$530.7MM$506.3MM
DepositsQ1 2020vs Q1 2019$656.5MM$661.1MM
Equity CapitalQ1 2020vs Q1 2019$165.4MM$164.6MM
Loan Loss AllowanceQ1 2020vs Q1 2019$4.8MM$4.6MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$2.9MM$3.8MM
Real Estate OwnedQ1 2020vs Q1 2019$122.00K$188.00K
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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

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

Torrington Savings Bank Money Market Rates

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

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

1.05%$1k-5 Year CD
0.70%$1k-18 Month CD
0.70%$1k-4 Year CD
0.70%$1k-21 Month Bump Up CD
0.60%$1k-3 Year CD
0.55%$1k-30 Month CD
0.45%$1k-2 Year CD
0.40%$1k-13 Month CD
0.40%$1k-15 Month CD
0.30%$1k-1 Year CD
0.25%$1k-6 Month CD
0.25%$1k-9 Month CD
0.15%$1k-3 Month CD

Torrington Savings Bank IRA Rates

1.05%$1k-5 Year IRA
0.70%$1k-18 Month IRA
0.70%$1k-4 Year IRA
0.70%$1k-21 Month Bump Up IRA
0.60%$1k-3 Year IRA
0.55%$100-30 Month Variable IRA
0.55%$1k-30 Month IRA
0.45%$1k-2 Year IRA
0.40%$1k-13 Month IRA
0.40%$1k-15 Month IRA
0.30%$1k-1 Year IRA
0.25%$1k-6 Month IRA
0.25%$1k-9 Month IRA
0.15%$1k-3 Month IRA

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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