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 18^th largest bank in the state of Connecticut. It is also the 978^th 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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Health

B+

Data as of Q1 2020

Learn why bank health matters

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

Overall
FDIC Certificate #	16636
Year Established	1868
Employees	113
Primary Regulator	FDIC

Profit Margin
Return on Assets - YTD	-3.03%
Return on Equity - YTD	-14.92%
Annual Interest Income	$6.6MM

Assets and Liabilities
Assets	Q1 2020vs Q1 2019	$825.6MM$828.9MM
Loans	Q1 2020vs Q1 2019	$530.7MM$506.3MM
Deposits	Q1 2020vs Q1 2019	$656.5MM$661.1MM
Equity Capital	Q1 2020vs Q1 2019	$165.4MM$164.6MM
Loan Loss Allowance	Q1 2020vs Q1 2019	$4.8MM$4.6MM
Unbacked Noncurrent Loans	Q1 2020vs Q1 2019	$2.9MM$3.8MM
Real Estate Owned	Q1 2020vs Q1 2019	$122.00K$188.00K

Rates

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Savings
Money Market
Checking
CD
IRA

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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

APY	MIN	MAX	ACCOUNT NAME
5.12%^*	-	$1k	First 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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

APY	MIN	MAX	ACCOUNT NAME
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

Locations

Torrington Savings Bank Locations
The Torrington Savings Bank	129 Main Street	Torrington, CT 06790
Dibble Street Branch	235 Dibble Street	Torrington, CT 06790
Burlington Branch	258 Spielman Highway	Burlington, CT 06013
New Hartford Branch	518 Main Street	New Hartford, CT 06057
Goshen Branch	55 Sharon Turnpike	Goshen, CT 06756
North End Branch	635 Main Street	Torrington, CT 06790
Falls Village Branch	Routes 7 and 126	Falls Village, CT 06031

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