This institution is no longer active

Operations ceased on October 6, 2006. CRA examination history below reflects the period it was active.

NEWMIL BANK

NEW MILFORD, CT · Supervised by FDIC

Est. 1858FDIC #18,259RSSD: FDIC-18259

Part ofNEWMIL BCORP INC→ View all charters

Outstanding Up

Current rating · Exam: February 2006

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At a Glance

Community Lending (CRA)

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Financial Health

Adequate

ROA 0.74%

Is this bank safe?

NEWMIL BANK earned an Outstanding CRA rating (2006), meets basic financial requirements (ROA +0.74%).

Institution Profile

FDIC BankFind

Address

19-21 Main Street, NEW MILFORD, CT

County

Litchfield County

Established

July 1, 1858

Total Assets

$710M(latest call report)

Community Reinvestment Rating

CRA / FFIEC

Federal regulators examine banks to ensure they lend and invest in the communities they serve, especially low- and moderate-income areas.

Overall Rating

Outstanding

Exceeds federal requirements for lending in low- and moderate-income communities

Exam Date

February 1, 2006

Exam Type

Large Bank

Regulator

FDIC

What is a CRA rating? →

⚠️This exam is 20 years old — CRA data may not reflect current lending practices. Regulators typically re-examine banks every 2–4 years.

Estimated next exam:Overdue(based on asset size)

Financial Snapshot

As of Q3 2006Call Report / FDIC

Total Assets

$710M

Total Deposits

$594M

Net Loans

$503M

Net Income

$5M

ROA

0.74%

Above avg for Small banks. Peer avg: 0.44%

ROE

9.70%

Risk-Based Capital

14.35%

Below avg for Small banks. Regulatory min: 8%

Total Assets — Last 8 Quarters

Total AssetsROA

Peer Comparison

Small banks

Compared to the peer-bank Small peer group (same asset tier).

ROA0.74%Peer avg: 0.44%▲ Above avg

Risk-Based Capital14.35%Peer avg: 23.03%▼ Below avg

Unlock peer list → See which specific banks are in this peer group.

Rating History

CRA / FFIEC

Exam Date	Rating	Exam Type
Feb 2006	Outstanding	Large Bank
May 2003	Satisfactory	Large Bank
Jun 2000	Satisfactory	Large Bank

5 previous ratings locked — back to 1992

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Rating Over Time

🔒 Locked

OutstandingSatisfactoryNeeds to ImproveSubst. Noncompliance

Exam dates and details are paywalled

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