Adirondack Bank

185 Genesee Street
Utica, NY 13501

Notable Rates APY Vs.Others
Savings 0.05% 2.60% →
1-Year CD 0.40% 2.30% →
2-Year CD 0.65% 2.50% →
5-Year CD 1.25% 2.80% →
30-Year Mortgage 3.64% 3.31% →
15-Year Mortgage 3.28% 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

Adirondack Bank is an FDIC insured institution located in Utica, NY. It was founded in 1898 and has approximately $0.86 billion in assets. Customers can open an account at one of its 19 branches.

FDIC Insured Yes
FDIC Certificate # 28380
Date Established 1898
Assets $0.86 billion
Loans $0.50 billion
Deposits $0.72 billion
Capital $0.07 billion

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

Deposit Rates - November 14, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $2,500 $24,999 Learn MoreShow Less
Money Market
0.10% $25,000 $49,999 Learn MoreShow Less
3 Mo CD
0.20% $1,000 $99,999 Learn MoreShow Less
6 Mo CD
0.25% $1,000 $99,999 Learn MoreShow Less
12 Mo CD
0.40% $1,000 $99,999 Learn MoreShow Less
18 Mo CD
0.40% $1,000 $99,999 Learn MoreShow Less
24 Mo CD
0.65% $1,000 $99,999 Learn MoreShow Less
30 Mo CD
0.65% $1,000 $99,999 Learn MoreShow Less
36 Mo CD
0.80% $1,000 $99,999 Learn MoreShow Less
48 Mo CD
1.00% $1,000 $99,999 Learn MoreShow Less
60 Mo CD
1.25% $1,000 $99,999 Learn MoreShow Less

Fixed IRA
0.50% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.45% $1 $24,999 Learn MoreShow Less
Checking Rates APY MIN FEE
HOMETOWN CHECKING 0.00% $0 $0.00 Learn MoreShow Less
LOYALTY CHECKING 0.05% $20,000 $15.00 Learn MoreShow Less

Loan Rates - November 14, 2019

Your Current Location: Connecticut, CT 06828

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 3.50% 3.50% $732.55
4 Year 4.00% 4.00% $564.48
5 Year 4.50% 4.50% $466.08
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.


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

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Adirondack Bank Locations

Financial Details

Adirondack Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Adirondack Bank. 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
Adirondack Bank U.S. Bank Average
14.84% 6.77%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2019, Adirondack Bank had $10,513,000 in non-current loans and $135,000 in owned real estate. To cover these potential losses it had $68,539,000 in equity and $3,189,000 in loans loss reserves. That gives it a Texas Ratio of 14.84%.

Return on Equity
Adirondack Bank U.S. Bank Average
10.7% 9.50%

Adirondack Bank has a Return on Equity of 10.7% versus the BestCashCow average of 9.50%. 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.

Adirondack Bank U.S. Bank Average
7.96% 12.76%

Adirondack Bank has a Capitalization of 7.96% versus the BestCashCow average of 12.76. 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.

Adirondack Bank Balance Sheet Analysis

As of June 30, 2019, Adirondack Bank had assets of $861,454,000, loans of $504,882,000, and deposits of $724,113,000. 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, 2019
Cash & Balances due from depository institutions $0.03 billion
Interest-bearing balances $0.00 billion
Total securities $0.28 billion
Federal funds sold and reverse repurchase $0.01 billion
Net loans and leases $0.50 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.03 billion
     Total Assets $0.79 billion
Total deposits $0.72 billion
      Interest-bearing deposits $0.51 billion
      Deposits held in domestic offices $0.72 billion
      % insured (estimated) 62.10%
Federal funds purchased and repurchase agreements $0.03 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.03 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $0.79 billion
      Shareholders’ Equity $0.07 billion

Summary Income Statement

June 30, 2019
Total Interest Income $0.02 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

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

Compared to other banks, Adirondack Bank’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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 51.08
Credit Card Loans 0.00
Consumer Auto Loans 0.27
Small Business Loans 10.91
Construction and Development Loans 1.72
Commercial Real Estate 24.51
Commercial and Industrial Loans 18.48
Farm Loans 0.00

Frequently Asked Questions About Adirondack Bank

Branches and Savings

Is Adirondack Bank FDIC insured?

Yes. It is covered under FDIC Certificate #28380.

Why does Adirondack Bank pay such low interest on savings accounts?

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

Why are Adirondack Bank CD rates not competitive?

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

Is Adirondack Bank a commercial bank?


Where are Adirondack Bank locations?

See branch locations nearby.

Is Adirondack Bank open on Saturdays?

Is Adirondack Bank open on Sundays?

What time does Adirondack Bank open?

What time does Adirondack Bank close?

Are Adirondack Bank ATMs Open 24/7?

Do Adirondack Bank ATMs accept cash deposits?

Can Adirondack Bank customers use other ATMs?

Do Adirondack Bank branches have notaries?

Will Adirondack Bank notarize my document?

What address for Adirondack Bank should I put for incoming ACH transfers?

Will the Adirondack Bank branch print checks?

Do Adirondack Bank checks expire?

Does Adirondack Bank require US citizenship to open account?

Can Adirondack Bank close my account?

Does Adirondack Bank Report to credit bureaus?

Does Adirondack Bank Use Equifax?

What is Adirondack Bank's ACH Routing Number?

What is Adirondack Bank's SWIFT code?


Does Adirondack Bank offer mortgages?

Compare mortgage rates here.

Does Adirondack Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Adirondack Bank offer personal loans?

Compare personal loan rates here.

Does Adirondack Bank offer student loans?

Will Adirondack Bank cash a check?

Will Adirondack Bank redeem a savings bond?

Does Adirondack Bank cash savings bonds?

Will Adirondack Bank cash money orders?

Can Adirondack Bank issue a money order?

Does Adirondack Bank do currency exchange?

Background on The Bank

Who owns Adirondack Bank?

How long has Adirondack Bank been around?

Can Adirondack Bank transfer to other banks?

Does Adirondack Bank have quick pay?

Does Adirondack Bank accept rolled coins?

Will Adirondack Bank accept loose change?

Where is Adirondack Bank headquarters?

Customer Reviews for Adirondack Bank

  • January 05, 2018

    BEWARE of their Home Equity Loan practices. Towards the end of the process, after you've complied with all their requests and are on the hook for lots of fees if you cancel, they demand that all of your credit card accounts be closed. AND even the ones their funds are not going to will be closed! A Home Equity Loan from Adirondack Bank will leave you without a single credit card! Try operating a business or a life without a credit card!

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