The Milford Bank
Milford, CT
IDRSSD: 258306
Total Assets
$647.33M
Latest filing
Total Deposits
$495.78M
Latest filing
Net Interest Margin
3.39%
Profitability
Quarterly Trends
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Total Assets vs Total Liabilities
Loans & Leases vs Deposits
Interest Income vs Expense
Net Interest Income
Noninterest Expense vs Income
Net Income
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Institution Profile
| Institution Class | State chartered stock savings banks / S&L |
| Primary Regulator | FDIC |
| Established Date | 01/01/1872 |
| Community Bank | Yes |
| Ownership Type | Mutual |
| ZIP | 06460 |
| State and County Number | 09170 |
| Subchapter S Corporations | No |
| Trust Powers | N/A |
| Federal Reserve ID Number | 01 |
| Numeric code | 42 |
| Insured by FDIC | Institutions that are currently open and insured by the FDIC |
| Federal Reserve District | New York |
| Core Based Statistical Area Name | N/A |
Operational Info
| Number of Employees | 82 |
| Domestic Offices | 6 |
| Foreign Offices | 0 |
| US Offices | 0 |
| Directly owned by another bank (CERT) | No |
| Last Structure Change Effective Date | 11/17/2024 |
| Date of Deposit Insurance | 11/17/1943 |
| Primary Insurance Agency | DIF |
| Website | www.milfordbank.com |
| Data Updated | 11/14/2025 |
| CERT | 16101 |
| Office of The Comptroller District: | — |
| Office of Thrift Supervision Region | N/A |
Financial Summary
| Total Assets | $647.33M |
| Total Deposits | $495.78M |
| Total Liabilities | $592.93M |
| Total Equity Capital | $54.39M |
| Net Income | $990.00k |
| Net Loans and Leases | $502.81M |
| Assets Per Employee ($Millions) | $7.99M |
| Bank Premises and Fixed Assets | $5.20M |
| Cash and Balances due from Depository Institutions | $21.00M |
| Deposits Held in Domestic Offices | $495.78M |
Key Performance Ratios
| Return on Assets (ROA) | 0.62% |
| Return on Equity (ROE) | 7.41% |
| Net Interest Margin | 3.39% |
| Efficiency Ratio | 76.09% |
| Tier 1 Risk-Based Capital Ratio | 14.089% |
| Net Loans and Leases to Core Deposits | 0% |
| Credit Loss Provision to Assets | 0.12% |
| Cash Dividends to Net Income (YTD Only) | 0% |
| Equity Capital to Assets | 8.403% |
| Earning Assets to total Assets | 94.3% |
Income and Expense
| Total Interest Income | $7.17M |
| Total Noninterest Income | $845.00k |
| Total Interest Expense | $2.04M |
| Total Noninterest Expense | $4.54M |
| Net Interest Income | $5.13M |
| Pre-tax Net Operating Income | $1.24M |
| Provision for Credit Losses | $185.00k |
| Discontinued Operations (Extraordinary Gains - Net) | $0 |
Additional Financial Info
| Goodwill and Other Intangibles | $0 |
| All Other Assets | $0 |
| Other Real Estate Owned | $0 |
| Other borrowed funds | $80.00M |
| Federal Funds Sold & Reverse Repurchase Agreement | $0 |
| Federal Funds Purchased and Repurchased Agreement | $0 |
| All Other Liabilities | $17.15M |
| Total Liabilities and Capital | $647.33M |
Securities
| Securities | $91.83M |
| Available-for-sale debt securities | $89.42M |
| Equity securities with readily determinable fair values not held for trading | $0 |
| Held-to-maturity securities | $2.42M |
| Subordinated Debt | $0 |
| Trading Account Assets | $0 |
| Trading Liabilities | $0 |
Frequently Asked Questions
What are the total assets of The Milford Bank?
$647.33M as of the latest filing.
How much are The Milford Bank's total deposits?
$495.78M in total deposits.
Where is The Milford Bank located?
Milford, CT.
What is the Net Interest Margin?
3.39%.
How many domestic offices does it operate?
6.
When was it established?
01/01/1872.
What is the Return on Assets (ROA)?
0.62%.
How much are total loans and leases?
$502.81M (latest filing).
What is the total interest income (latest filing)?
$7.17M.