Bank of Utica

222 Genesee Street
Utica, NY 13502

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 13397
Date Established 1927
Assets $1.09 billion
Loans $0.07 billion
Deposits $0.87 billion
Capital $0.21 billion

Bank of Utica is an FDIC insured institution located in Utica, NY. It was founded in 1927 and has approximately $1.09 billion in assets.

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.

Bank Loan Profile?

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

Compared to other banks in New York, Bank of Utica has a significantly higher percent of Small Business Loans, 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 3.02
Multifamily
Mortgages
10.37
Credit Card Loans 0.00
Consumer Auto Loans 0.41
Small Business Loans 24.54
Construction and Development Loans 0.00
Commercial Real Estate 28.98
Commercial and Industrial Loans 52.25
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.35% $5,000 $100,000 Learn MoreShow Less
6 Mo CD 10K
0.40% $2,500 $100,000 Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.50% $250 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.75% $500 $100,000 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
0.40% $1 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.40% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.25% $500 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

Auto Loan Rates APR Rate Monthly Payment
5 Year 4.75% 4.75% $468.92 Learn MoreShow Less
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:
Ashburn,Virginia


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
1.05% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Bank of Utica had $2,179,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $206,313,000 in equity and $1,759,000 in loans loss reserves. That gives it a Texas Ratio of 1.05%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Bank of Utica U.S. Bank Average
5.07% 8.58

Bank of Utica has a Return on Equity of 5.07% versus the BestCashCow average of 8.58. 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
18.85% 12.11

Bank of Utica has a Capitalization of 18.85% versus the BestCashCow average of 12.11. 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 June 30, 2017, Bank of Utica had assets of $1,094,245,000, loans of $69,193,000, and deposits of $865,572,000. 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.

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


  • mcelwaines@aol.com

    August 29, 2016

    CDs 60 Month Rates

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

  • DOROTHY J. BLAGG

    July 25, 2016

    CDs 60 Month Rates

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

  • dorothy blagg

    July 11, 2016

    CDs 60 Month Rates

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

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