Bank of Utica

Headquarters

222 Genesee Street
Utica, NY 13502
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.60% 0.95% →
1-Year CD 1.00% 1.01% →
2-Year CD 1.10% 0.95% →
5-Year CD 1.50% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage 4.12% 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Bank of Utica is an FDIC insured institution located in Utica, NY. It was founded in 1927 and has approximately $1.16 billion in assets.

FDIC Insured Yes
FDIC Certificate # 13397
Date Established 1927
Assets $ 1,156.18 million
Loans $ 100.25 million
Deposits $ 914.85 million
Capital $ 230.46 million
 

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

Deposit Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.60% $2,500 $4,999 Learn More
Money Market
0.50% $2,500 $2,999 Learn More
Money Market
0.50% $10,000 $14,999 Learn More
Money Market
0.50% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.35% $10,000 $14,999 Learn More
3 Mo CD
0.35% $100,000 $199,999 Learn More
6 Mo CD
0.50% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
1.00% $10,000 $14,999 Learn More
12 Mo CD
1.00% $100,000 $199,999 Learn More
18 Mo CD
1.00% $10,000 $14,999 Learn More
18 Mo CD
1.00% $100,000 $199,999 Learn More
24 Mo CD
1.10% $10,000 $14,999 Learn More
24 Mo CD
1.10% $100,000 $199,999 Learn More
30 Mo CD
1.10% $10,000 $14,999 Learn More
30 Mo CD
1.10% $100,000 $199,999 Learn More
36 Mo CD
1.20% $10,000 $14,999 Learn More
36 Mo CD
1.20% $100,000 $199,999 Learn More
48 Mo CD
1.35% $10,000 $14,999 Learn More
48 Mo CD
1.35% $100,000 $199,999 Learn More
60 Mo CD
1.50% $10,000 $14,999 Learn More
60 Mo CD
1.50% $100,000 $199,999 Learn More

Variable IRA Rates APY MIN MAX
Var IRA
0.50% $1 $499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828

Auto Loan Rates APR Rate Monthly Payment
5 Year 5.00% 5.00% $471.78
Home Equity Rates APR Rate Monthly Payment
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

Bank of Utica 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


Bank of Utica Locations


Financial Details

Bank of Utica Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Utica. 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
Bank of Utica U.S. Bank Average
0.51% 6.94%

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 March 31, 2020, Bank of Utica had $1,190,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $230,457,000 in equity and $1,174,000 in loans loss reserves. That gives it a Texas Ratio of 0.51%.

Return on Equity
Bank of Utica U.S. Bank Average
-18.59% 7.80%

Bank of Utica has a Return on Equity of -18.59% versus the BestCashCow average of 7.80%. 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
Bank of Utica U.S. Bank Average
19.93% 12.68%

Bank of Utica has a Capitalization of 19.93% versus the BestCashCow average of 12.68. 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.

Bank of Utica Balance Sheet Analysis

As of March 31, 2020, Bank of Utica had assets of $1,156,177,000, loans of $100,246,000, and deposits of $914,849,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 32.58 million
Interest-bearing balances $ 26.82 million
Total securities $ 992.50 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 100.25 million
Loan loss allowance $ 1.17 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 $ 10.30 million
     Total Assets $ 925.72 million
LIABILITIES
Total deposits $ 914.85 million
      Interest-bearing deposits $ 858.20 million
      Deposits held in domestic offices $ 914.85 million
      % insured (estimated) 75.50%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 10.87 million
      Total Liabilities $ 925.72 million
      Shareholders’ Equity $ 230.46 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 8.48 million
Total Interest Expense $ 3.92 million
Net interest income $ 4.56 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.09 million
Total non interest expense $ 1.99 million
Pre-tax Net Operating Income $ 2.66 million

Bank Loan Profile?

The top three loan types in Bank of Utica’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and Multifamily Mortgages.

Compared to other banks in New York, Bank of Utica has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

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 1.81
Multifamily
Mortgages
7.29
Credit Card Loans 0.00
Consumer Auto Loans 0.20
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 27.62
Commercial and Industrial Loans 58.15
Farm Loans 0.00

Frequently Asked Questions About Bank Of Utica

Branches and Savings

Is Bank Of Utica FDIC insured?

Yes. It is covered under FDIC Certificate #13397.

Why does Bank Of Utica pay such low interest on savings accounts?

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

Why are Bank Of Utica CD rates not competitive?

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

Is Bank Of Utica a commercial bank?

Yes

Where are Bank Of Utica locations?

See branch locations nearby.

Is Bank Of Utica open on Saturdays?

Is Bank Of Utica open on Sundays?

What time does Bank Of Utica open?

What time does Bank Of Utica close?

Are Bank Of Utica ATMs Open 24/7?

Do Bank Of Utica ATMs accept cash deposits?

Can Bank Of Utica customers use other ATMs?

Do Bank Of Utica branches have notaries?

Will Bank Of Utica notarize my document?

What address for Bank Of Utica should I put for incoming ACH transfers?

Will the Bank Of Utica branch print checks?

Do Bank Of Utica checks expire?

Does Bank Of Utica require US citizenship to open account?

Can Bank Of Utica close my account?

Does Bank Of Utica Report to credit bureaus?

Does Bank Of Utica Use Equifax?

What is Bank Of Utica's ACH Routing Number?

What is Bank Of Utica's SWIFT code?

Products

Does Bank Of Utica offer mortgages?

Compare mortgage rates here.

Does Bank Of Utica offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of Utica offer personal loans?

Compare personal loan rates here.

Does Bank Of Utica offer student loans?

Will Bank Of Utica cash a check?

Will Bank Of Utica redeem a savings bond?

Does Bank Of Utica cash savings bonds?

Will Bank Of Utica cash money orders?

Can Bank Of Utica issue a money order?

Does Bank Of Utica do currency exchange?

Background on The Bank

Who owns Bank Of Utica?

How long has Bank Of Utica been around?

Can Bank Of Utica transfer to other banks?

Does Bank Of Utica have quick pay?

Does Bank Of Utica accept rolled coins?

Will Bank Of Utica accept loose change?

Where is Bank Of Utica headquarters?

Customer Reviews for Bank of Utica


  • October 29, 2018

    CDs 60 Month Rates

    I believe you must live in Utica or surrounding area to qualify for opening an account with them - I inquired a few years ago

  • August 29, 2016

    CDs 60 Month Rates

    60 Mo CD -- shows 10K after. What does that mean? What other requirements?

  • July 25, 2016

    CDs 60 Month Rates

    CAN I OPEN AN ACCOUNT IN THIS BANK ONLINE IF SO HOW? 2708983118

  • July 11, 2016

    CDs 60 Month Rates

    Is this an online bank? How do you invest in it?

  • June 30, 2015

    can I open an account @Bank of Utica?
    270-898-3118 PADUCAH, KY 42003

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