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 1,033rd largest bank in the nation. It was established in 1868 and as of March of 2021, it had grown to 118 employees at 9 locations. Torrington Savings Bank has an A+ health rating.


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Health Grade Components

FDIC Certificate #16636
Year Established1868
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD2%
Return on Equity - YTD10.43%
Annual Interest Income$5.8MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$914.1MM$825.6MM
LoansQ1 2021vs Q1 2020$510.0MM$530.7MM
DepositsQ1 2021vs Q1 2020$727.5MM$656.5MM
Equity CapitalQ1 2021vs Q1 2020$176.0MM$165.4MM
Loan Loss AllowanceQ1 2021vs Q1 2020$5.4MM$4.8MM
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$3.8MM$2.9MM
Real Estate OwnedQ1 2021vs Q1 2020$0$122.00K
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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%--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

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

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

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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