10 Executive Drive
Farmington, CT 06032
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Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

InsurBanc is an FDIC insured institution located in Farmington, CT. It was founded in 2001 and has approximately $0.18 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57020
Date Established 2001
Assets $ 178.38 million
Loans $ 87.15 million
Deposits $ 146.02 million
Capital $ 20.98 million

For a more detailed analysis of InsurBanc's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 20, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - October 20, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for InsurBanc

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
3.590% 3.500%
0.63 points
$2,812 fees
$1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to InsurBanc
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Climate Initiatives

InsurBanc is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

InsurBanc Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of InsurBanc. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
InsurBanc U.S. Bank Average
4.04% 4.78%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2021, InsurBanc had $881,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $20,976,000 in equity and $808,000 in loans loss reserves. That gives it a Texas Ratio of 4.04%.

Return on Equity
InsurBanc U.S. Bank Average
3.12% 11.29%

InsurBanc has a Return on Equity of 3.12% versus the BestCashCow average of 11.29%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

InsurBanc U.S. Bank Average
11.76% 11.72%

InsurBanc has a Capitalization of 11.76% versus the BestCashCow average of 11.72. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

InsurBanc Balance Sheet Analysis

As of March 31, 2013, InsurBanc had assets of $178,383,000, loans of $87,148,000, and deposits of $146,022,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2021
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 87.15 million
Loan loss allowance $ 0.81 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 146.02 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 178.38 million

Summary Income Statement

June 30, 2021
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in InsurBanc’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and 1-4 Family Residential Loans.

Compared to other banks in Connecticut, InsurBanc has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 16.29
Credit Card Loans 0.00
Consumer Auto Loans 0.02
Small Business Loans 9.46
Construction and Development Loans 3.56
Commercial Real Estate 34.00
Commercial and Industrial Loans 40.90
Farm Loans 0.00

Frequently Asked Questions About Insurbanc

Branches and Savings

Is Insurbanc FDIC insured?

Yes. It is covered under FDIC Certificate #57020.

Why does Insurbanc pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Insurbanc CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Insurbanc a commercial bank?


Where are Insurbanc locations?

See branch locations nearby.

Is Insurbanc open on Saturdays?

Is Insurbanc open on Sundays?

What time does Insurbanc open?

What time does Insurbanc close?

Are Insurbanc ATMs Open 24/7?

Do Insurbanc ATMs accept cash deposits?

Can Insurbanc customers use other ATMs?

Do Insurbanc branches have notaries?

Will Insurbanc notarize my document?

What address for Insurbanc should I put for incoming ACH transfers?

Will the Insurbanc branch print checks?

Do Insurbanc checks expire?

Does Insurbanc require US citizenship to open account?

Can Insurbanc close my account?

Does Insurbanc Report to credit bureaus?

Does Insurbanc Use Equifax?

What is Insurbanc's ACH Routing Number?

What is Insurbanc's SWIFT code?


Does Insurbanc offer mortgages?

Compare mortgage rates here.

Does Insurbanc offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Insurbanc offer personal loans?

Compare personal loan rates here.

Does Insurbanc offer student loans?

Will Insurbanc cash a check?

Will Insurbanc redeem a savings bond?

Does Insurbanc cash savings bonds?

Will Insurbanc cash money orders?

Can Insurbanc issue a money order?

Does Insurbanc do currency exchange?

Background on The Bank

Who owns Insurbanc?

How long has Insurbanc been around?

Can Insurbanc transfer to other banks?

Does Insurbanc have quick pay?

Does Insurbanc accept rolled coins?

Will Insurbanc accept loose change?

Where is Insurbanc headquarters?

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