The First National Bank of Litchfield

Headquarters

North Street
Litchfield, CT 06759
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.66% →
1-Year CD N.A. 0.71% →
2-Year CD N.A. 0.81% →
5-Year CD N.A. 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 National Bank of Litchfield is an FDIC insured institution located in Litchfield, CT. It was founded in 1814 and has approximately $0.52 billion in assets.

FDIC Insured Yes
FDIC Certificate # 2500
Date Established 1814
Assets $ 527.44 million
Loans $ 370.70 million
Deposits $ 370.99 million
Capital $ 39.04 million
 

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

Deposit Rates - March 8, 2021

Your Current Location: Connecticut, CT 06828

 

Loan Rates - March 8, 2021

Your Current Location: Connecticut, CT 06828

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

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

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License#: 13256
2.924% 2.875% 0.63 $1,562 $1,038 Learn More
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NMLS ID: 1168
3.051% 2.990% 0.75 $1,938 $1,053 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
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Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
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Third Federal Savings and Loan
Third Federal Savings and Loan
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2.240 %
$0 Learn More
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Note to The First National Bank of Litchfield
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Branches

The First National Bank of Litchfield 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 National Bank of Litchfield Locations


Financial Details

The First National Bank of Litchfield Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The First National Bank of Litchfield. 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 National Bank of Litchfield U.S. Bank Average
27.56% 6.14%

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 September 30, 2020, The First National Bank of Litchfield had $12,432,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $39,040,000 in equity and $6,068,000 in loans loss reserves. That gives it a Texas Ratio of 27.56%.

Return on Equity
The First National Bank of Litchfield U.S. Bank Average
-2.36% 9.23%

The First National Bank of Litchfield has a Return on Equity of -2.36% versus the BestCashCow average of 9.23%. 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 National Bank of Litchfield U.S. Bank Average
7.4% 12.07%

The First National Bank of Litchfield has a Capitalization of 7.4% versus the BestCashCow average of 12.07. 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 National Bank of Litchfield Balance Sheet Analysis

As of November 30, -0001, The First National Bank of Litchfield had assets of $521,734,000, loans of $370,697,000, and deposits of $370,986,000. 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

September 30, 2020
ASSETS
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 $ 370.70 million
Loan loss allowance $ 6.07 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.
LIABILITIES
Total deposits $ 370.99 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 $ 527.44 million

Summary Income Statement

September 30, 2020
INCOME AND EXPENSES
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 The First National Bank of Litchfield’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, The First National Bank of Litchfield’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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About The First National Bank Of Litchfield

Branches and Savings

Is The First National Bank Of Litchfield FDIC insured?

Yes. It is covered under FDIC Certificate #2500.

Why does The First National Bank Of Litchfield 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 National Bank Of Litchfield CD rates not competitive?

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

Is The First National Bank Of Litchfield a commercial bank?

Yes

Where are The First National Bank Of Litchfield locations?

See branch locations nearby.

Is The First National Bank Of Litchfield open on Saturdays?

Is The First National Bank Of Litchfield open on Sundays?

What time does The First National Bank Of Litchfield open?

What time does The First National Bank Of Litchfield close?

Are The First National Bank Of Litchfield ATMs Open 24/7?

Do The First National Bank Of Litchfield ATMs accept cash deposits?

Can The First National Bank Of Litchfield customers use other ATMs?

Do The First National Bank Of Litchfield branches have notaries?

Will The First National Bank Of Litchfield notarize my document?

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

Will the The First National Bank Of Litchfield branch print checks?

Do The First National Bank Of Litchfield checks expire?

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

Can The First National Bank Of Litchfield close my account?

Does The First National Bank Of Litchfield Report to credit bureaus?

Does The First National Bank Of Litchfield Use Equifax?

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

What is The First National Bank Of Litchfield's SWIFT code?

Products

Does The First National Bank Of Litchfield offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does The First National Bank Of Litchfield offer personal loans?

Compare personal loan rates here.

Does The First National Bank Of Litchfield offer student loans?

Will The First National Bank Of Litchfield cash a check?

Will The First National Bank Of Litchfield redeem a savings bond?

Does The First National Bank Of Litchfield cash savings bonds?

Will The First National Bank Of Litchfield cash money orders?

Can The First National Bank Of Litchfield issue a money order?

Does The First National Bank Of Litchfield do currency exchange?

Background on The Bank

Who owns The First National Bank Of Litchfield?

How long has The First National Bank Of Litchfield been around?

Can The First National Bank Of Litchfield transfer to other banks?

Does The First National Bank Of Litchfield have quick pay?

Does The First National Bank Of Litchfield accept rolled coins?

Will The First National Bank Of Litchfield accept loose change?

Where is The First National Bank Of Litchfield headquarters?

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