Ballston Spa National Bank

87 Front Street
Ballston Spa, NY 12020

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 6959
Date Established 1838
Assets $0.50 billion
Loans $0.40 billion
Deposits $0.42 billion
Capital $0.04 billion

Ballston Spa National Bank is an FDIC insured institution located in Ballston Spa, NY. It was founded in 1838 and has approximately $0.5 billion in assets. Customers can open an account at one of its 13 branches.

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

Bank Loan Profile?

The top three loan types in Ballston Spa National Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks, Ballston Spa National 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 44.71
Multifamily
Mortgages
6.85
Credit Card Loans 0.00
Consumer Auto Loans 0.76
Small Business Loans 6.83
Construction and Development Loans 8.81
Commercial Real Estate 26.10
Commercial and Industrial Loans 6.80
Farm Loans 0.00

Deposit Rates - December 12, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $1 $4,999 Learn MoreShow Less
Money Market
0.10% $5,000 $14,999 Learn MoreShow Less
Money Market
0.10% $15,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.10% $500 - Learn MoreShow Less
6 Mo CD
0.20% $500 - Learn MoreShow Less
12 Mo CD
0.35% $500 - Learn MoreShow Less
18 Mo CD
0.35% $500 - Learn MoreShow Less
Special: 18 Mo CD
2.32% $10,000 - Learn MoreShow Less
24 Mo CD
0.40% $500 - Learn MoreShow Less
Special: 25 Mo CD
2.50% $10,000 - Learn MoreShow Less
30 Mo CD
0.40% $500 - Learn MoreShow Less
36 Mo CD
0.50% $500 - Learn MoreShow Less
48 Mo CD
0.60% $500 - Learn MoreShow Less
60 Mo CD
0.60% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.35% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $500 - Learn MoreShow Less
Checking Rates APY MIN FEE
Premier Checking 0.10% $10,000 $15.00 Learn MoreShow Less

Loan Rates - December 12, 2018

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 3.90% 3.90% $736.99
4 Year 4.10% 4.10% $565.60
5 Year 4.20% 4.20% $462.67
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.

Branches

Ballston Spa National Bank 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:
Ashburn,Virginia


Ballston Spa National Bank Locations

Financial Details

Ballston Spa National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Ballston Spa National Bank. 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
Ballston Spa National Bank U.S. Bank Average
6.97% 7.92%

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, 2018, Ballston Spa National Bank had $3,083,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $39,052,000 in equity and $5,158,000 in loans loss reserves. That gives it a Texas Ratio of 6.97%.

Return on Equity
Ballston Spa National Bank U.S. Bank Average
13.29% 9.77%

Ballston Spa National Bank has a Return on Equity of 13.29% versus the BestCashCow average of 9.77%. 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
Ballston Spa National Bank U.S. Bank Average
7.77% 12.31%

Ballston Spa National Bank has a Capitalization of 7.77% versus the BestCashCow average of 12.31. 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.

Ballston Spa National Bank Balance Sheet Analysis

As of June 30, 2018, Ballston Spa National Bank had assets of $502,492,000, loans of $402,602,000, and deposits of $421,336,000. 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, 2018
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.07 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.40 billion
Loan loss allowance $0.01 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 $0.01 billion
     Total Assets $0.46 billion
LIABILITIES
Total deposits $0.42 billion
      Interest-bearing deposits $0.34 billion
      Deposits held in domestic offices $0.42 billion
      % insured (estimated) 72.06%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.04 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.46 billion
      Shareholders’ Equity $0.04 billion

Summary Income Statement

June 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.01 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

Frequently Asked Questions About Ballston Spa National Bank

Branches and Savings

Is Ballston Spa National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #6959.

Why does Ballston Spa National Bank pay such low interest on savings accounts?

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

Why are Ballston Spa National Bank CD rates not competitive?

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

Is Ballston Spa National Bank a commercial bank?

Yes

Where are Ballston Spa National Bank locations?

See branch locations nearby.

Is Ballston Spa National Bank open on Saturdays?

Is Ballston Spa National Bank open on Sundays?

What time does Ballston Spa National Bank open?

What time does Ballston Spa National Bank close?

Are Ballston Spa National Bank ATMs Open 24/7?

Do Ballston Spa National Bank ATMs accept cash deposits?

Can Ballston Spa National Bank customers use other ATMs?

Do Ballston Spa National Bank branches have notaries?

Will Ballston Spa National Bank notarize my document?

What address for Ballston Spa National Bank should I put for incoming ACH transfers?

Will the Ballston Spa National Bank branch print checks?

Do Ballston Spa National Bank checks expire?

Does Ballston Spa National Bank require US citizenship to open account?

Can Ballston Spa National Bank close my account?

Does Ballston Spa National Bank Report to credit bureaus?

Does Ballston Spa National Bank Use Equifax?

What is Ballston Spa National Bank's ACH Routing Number?

What is Ballston Spa National Bank's SWIFT code?

Products

Does Ballston Spa National Bank offer mortgages?

Compare mortgage rates here.

Does Ballston Spa National Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Ballston Spa National Bank offer personal loans?

Compare personal loan rates here.

Does Ballston Spa National Bank offer student loans?

Will Ballston Spa National Bank cash a check?

Will Ballston Spa National Bank redeem a savings bond?

Does Ballston Spa National Bank cash savings bonds?

Will Ballston Spa National Bank cash money orders?

Can Ballston Spa National Bank issue a money order?

Does Ballston Spa National Bank do currency exchange?

Background on The Bank

Who owns Ballston Spa National Bank?

How long has Ballston Spa National Bank been around?

Can Ballston Spa National Bank transfer to other banks?

Does Ballston Spa National Bank have quick pay?

Does Ballston Spa National Bank accept rolled coins?

Will Ballston Spa National Bank accept loose change?

Where is Ballston Spa National Bank headquarters?

Customer Reviews for Ballston Spa National Bank

There are currently no comments for Ballston Spa National Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →

*All images, logos and public notes on this page appear courtesy of Ballston Spa National Bank and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.