The First Bank of Greenwich

Headquarters

444 East Putnam Avenue
Cos Cob, CT 06807
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.65% →
1-Year CD 0.50% 0.70% →
2-Year CD 0.60% 0.75% →
5-Year CD 0.30% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

The First Bank of Greenwich is an FDIC insured institution located in Cos Cob, CT. It was founded in 2006 and has approximately $0.53 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 58307
Date Established 2006
Assets $ 525.73 million
Loans $ 432.44 million
Deposits $ 414.31 million
Capital $ 41.86 million
 

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

Deposit Rates - July 29, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.20% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.10% $100,000 $199,999 Learn More
12 Mo CD
0.50% $10,000 $14,999 Learn More
12 Mo CD
0.50% $100,000 $199,999 Learn More
18 Mo CD
0.60% $10,000 $14,999 Learn More
18 Mo CD
0.60% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
36 Mo CD
0.30% $10,000 $14,999 Learn More
36 Mo CD
0.30% $100,000 $199,999 Learn More
48 Mo CD
0.30% $10,000 $14,999 Learn More
48 Mo CD
0.30% $100,000 $199,999 Learn More
60 Mo CD
0.30% $10,000 $14,999 Learn More
60 Mo CD
0.30% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - July 29, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for The First Bank of Greenwich

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
Payment
Learn More
PADDIO
NMLS ID: 1907
2.798% 2.750%
-0.38 points
$1,562 fees
$1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
4.840 %
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info
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

Note to The First Bank of Greenwich
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Branches

The First Bank of Greenwich branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


The First Bank of Greenwich Locations


Financial Details

The First Bank of Greenwich Ratio Analysis

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

Texas Ratio
The First Bank of Greenwich U.S. Bank Average
3.52% 5.29%

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 March 31, 2021, The First Bank of Greenwich had $1,660,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $41,862,000 in equity and $5,253,000 in loans loss reserves. That gives it a Texas Ratio of 3.52%.

Return on Equity
The First Bank of Greenwich U.S. Bank Average
9.59% 11.43%

The First Bank of Greenwich has a Return on Equity of 9.59% versus the BestCashCow average of 11.43%. 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.

Capitalization
The First Bank of Greenwich U.S. Bank Average
7.96% 11.51%

The First Bank of Greenwich has a Capitalization of 7.96% versus the BestCashCow average of 11.51. 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.

The First Bank of Greenwich Balance Sheet Analysis

As of March 31, 2021, The First Bank of Greenwich had assets of $525,730,000, loans of $432,439,000, and deposits of $414,309,000. 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

March 31, 2021
ASSETS
Cash & Balances due from depository institutions $ 62.41 million
Interest-bearing balances $ 60.84 million
Total securities $ 15.04 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 432.44 million
Loan loss allowance $ 5.25 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.11 million
All other assets $ 14.55 million
     Total Assets $ 483.87 million
LIABILITIES
Total deposits $ 414.31 million
      Interest-bearing deposits $ 285.42 million
      Deposits held in domestic offices $ 414.31 million
      % insured (estimated) 61.95%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 60.80 million
Subordinated debt N.A.
All other liabilities $ 8.76 million
      Total Liabilities $ 483.87 million
      Shareholders’ Equity $ 41.86 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 4.67 million
Total Interest Expense $ 0.78 million
Net interest income $ 3.89 million
Provision for loan and lease losses $ 0.15 million
Total non interest income $ 0.13 million
Total non interest expense $ 2.53 million
Pre-tax Net Operating Income $ 1.34 million

Bank Loan Profile?

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

Compared to other banks, The First Bank of Greenwich’s loan portfolio does not show any specific loan specialty.

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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 44.16
Multifamily
Mortgages
4.76
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 1.11
Commercial Real Estate 32.07
Commercial and Industrial Loans 18.95
Farm Loans 0.00

Frequently Asked Questions About The First Bank Of Greenwich

Branches and Savings

Is The First Bank Of Greenwich FDIC insured?

Yes. It is covered under FDIC Certificate #58307.

Why does The First Bank Of Greenwich pay such low interest on savings accounts?

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

Why are The First Bank Of Greenwich CD rates not competitive?

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

Is The First Bank Of Greenwich a commercial bank?

Yes

Where are The First Bank Of Greenwich locations?

See branch locations nearby.

Is The First Bank Of Greenwich open on Saturdays?

Is The First Bank Of Greenwich open on Sundays?

What time does The First Bank Of Greenwich open?

What time does The First Bank Of Greenwich close?

Are The First Bank Of Greenwich ATMs Open 24/7?

Do The First Bank Of Greenwich ATMs accept cash deposits?

Can The First Bank Of Greenwich customers use other ATMs?

Do The First Bank Of Greenwich branches have notaries?

Will The First Bank Of Greenwich notarize my document?

What address for The First Bank Of Greenwich should I put for incoming ACH transfers?

Will the The First Bank Of Greenwich branch print checks?

Do The First Bank Of Greenwich checks expire?

Does The First Bank Of Greenwich require US citizenship to open account?

Can The First Bank Of Greenwich close my account?

Does The First Bank Of Greenwich Report to credit bureaus?

Does The First Bank Of Greenwich Use Equifax?

What is The First Bank Of Greenwich's ACH Routing Number?

What is The First Bank Of Greenwich's SWIFT code?

Products

Does The First Bank Of Greenwich offer mortgages?

Compare mortgage rates here.

Does The First Bank Of Greenwich offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does The First Bank Of Greenwich offer personal loans?

Compare personal loan rates here.

Does The First Bank Of Greenwich offer student loans?

Will The First Bank Of Greenwich cash a check?

Will The First Bank Of Greenwich redeem a savings bond?

Does The First Bank Of Greenwich cash savings bonds?

Will The First Bank Of Greenwich cash money orders?

Can The First Bank Of Greenwich issue a money order?

Does The First Bank Of Greenwich do currency exchange?

Background on The Bank

Who owns The First Bank Of Greenwich?

How long has The First Bank Of Greenwich been around?

Can The First Bank Of Greenwich transfer to other banks?

Does The First Bank Of Greenwich have quick pay?

Does The First Bank Of Greenwich accept rolled coins?

Will The First Bank Of Greenwich accept loose change?

Where is The First Bank Of Greenwich headquarters?

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