Cattaraugus County Bank


116-20 Main Street
Little Valley, NY 14755
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.85% →
1-Year CD 0.10% 0.75% →
2-Year CD 0.20% 0.80% →
5-Year CD N.A. 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Cattaraugus County Bank is an FDIC insured institution located in Little Valley, NY. It was founded in 1902 and has approximately $0.32 billion in assets. Customers can open an account at one of its 8 branches.

FDIC Insured Yes
FDIC Certificate # 12959
Date Established 1902
Assets $ 323.00 million
Loans $ 193.54 million
Deposits $ 288.30 million
Capital $ 24.81 million

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

Deposit Rates - October 24, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
6 Mo CD
0.05% $10,000 $14,999 Learn More
6 Mo CD
0.05% $100,000 $199,999 Learn More
12 Mo CD
0.10% $10,000 $14,999 Learn More
12 Mo CD
0.05% $100,000 $199,999 Learn More
18 Mo CD
0.15% $10,000 $14,999 Learn More
18 Mo CD
0.05% $100,000 $199,999 Learn More
24 Mo CD
0.20% $10,000 $14,999 Learn More
24 Mo CD
0.05% $100,000 $199,999 Learn More
30 Mo CD
0.25% $10,000 $14,999 Learn More
30 Mo CD
0.05% $100,000 $199,999 Learn More
36 Mo CD
0.25% $10,000 $14,999 Learn More
36 Mo CD
0.05% $100,000 $199,999 Learn More
48 Mo CD
0.30% $10,000 $14,999 Learn More
48 Mo CD
0.05% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 24, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Cattaraugus County Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
Morty, Inc.
NMLS ID: 1429243
2.816% 2.750%
0.88 points
$2,145 fees
$1,021 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Cattaraugus County Bank
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Climate Initiatives

Cattaraugus County Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Cattaraugus County Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Cattaraugus County 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
Cattaraugus County Bank U.S. Bank Average
8.76% 4.78%

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 June 30, 2021, Cattaraugus County Bank had $2,465,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $24,812,000 in equity and $3,332,000 in loans loss reserves. That gives it a Texas Ratio of 8.76%.

Return on Equity
Cattaraugus County Bank U.S. Bank Average
6.1% 11.29%

Cattaraugus County Bank has a Return on Equity of 6.1% versus the BestCashCow average of 11.29%. 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.

Cattaraugus County Bank U.S. Bank Average
7.68% 11.72%

Cattaraugus County Bank has a Capitalization of 7.68% versus the BestCashCow average of 11.72. 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.

Cattaraugus County Bank Balance Sheet Analysis

As of June 30, 2021, Cattaraugus County Bank had assets of $323,002,000, loans of $193,536,000, and deposits of $288,296,000. 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, 2021
Cash & Balances due from depository institutions $ 19.87 million
Interest-bearing balances $ 14.44 million
Total securities $ 92.32 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 193.54 million
Loan loss allowance $ 3.33 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 $ 12.35 million
     Total Assets $ 298.19 million
Total deposits $ 288.30 million
      Interest-bearing deposits $ 217.99 million
      Deposits held in domestic offices $ 288.30 million
      % insured (estimated) 86.19%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 5.00 million
Subordinated debt N.A.
All other liabilities $ 4.89 million
      Total Liabilities $ 298.19 million
      Shareholders’ Equity $ 24.81 million

Summary Income Statement

June 30, 2021
Total Interest Income $ 5.18 million
Total Interest Expense $ 0.50 million
Net interest income $ 4.67 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.92 million
Total non interest expense $ 4.79 million
Pre-tax Net Operating Income $ 0.98 million

Bank Loan Profile?

The top three loan types in Cattaraugus County Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in New York, Cattaraugus County Bank has a significantly higher percent of Small Business Loans, Commercial Real Estate, Farm 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 25.75
Credit Card Loans 0.00
Consumer Auto Loans 0.21
Small Business Loans 18.82
Construction and Development Loans 3.62
Commercial Real Estate 45.55
Commercial and Industrial Loans 12.95
Farm Loans 1.33

Frequently Asked Questions About Cattaraugus County Bank

Branches and Savings

Is Cattaraugus County Bank FDIC insured?

Yes. It is covered under FDIC Certificate #12959.

Why does Cattaraugus County Bank pay such low interest on savings accounts?

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

Why are Cattaraugus County Bank CD rates not competitive?

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

Is Cattaraugus County Bank a commercial bank?


Where are Cattaraugus County Bank locations?

See branch locations nearby.

Is Cattaraugus County Bank open on Saturdays?

Is Cattaraugus County Bank open on Sundays?

What time does Cattaraugus County Bank open?

What time does Cattaraugus County Bank close?

Are Cattaraugus County Bank ATMs Open 24/7?

Do Cattaraugus County Bank ATMs accept cash deposits?

Can Cattaraugus County Bank customers use other ATMs?

Do Cattaraugus County Bank branches have notaries?

Will Cattaraugus County Bank notarize my document?

What address for Cattaraugus County Bank should I put for incoming ACH transfers?

Will the Cattaraugus County Bank branch print checks?

Do Cattaraugus County Bank checks expire?

Does Cattaraugus County Bank require US citizenship to open account?

Can Cattaraugus County Bank close my account?

Does Cattaraugus County Bank Report to credit bureaus?

Does Cattaraugus County Bank Use Equifax?

What is Cattaraugus County Bank's ACH Routing Number?

What is Cattaraugus County Bank's SWIFT code?


Does Cattaraugus County Bank offer mortgages?

Compare mortgage rates here.

Does Cattaraugus County Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Cattaraugus County Bank offer personal loans?

Compare personal loan rates here.

Does Cattaraugus County Bank offer student loans?

Will Cattaraugus County Bank cash a check?

Will Cattaraugus County Bank redeem a savings bond?

Does Cattaraugus County Bank cash savings bonds?

Will Cattaraugus County Bank cash money orders?

Can Cattaraugus County Bank issue a money order?

Does Cattaraugus County Bank do currency exchange?

Background on The Bank

Who owns Cattaraugus County Bank?

How long has Cattaraugus County Bank been around?

Can Cattaraugus County Bank transfer to other banks?

Does Cattaraugus County Bank have quick pay?

Does Cattaraugus County Bank accept rolled coins?

Will Cattaraugus County Bank accept loose change?

Where is Cattaraugus County Bank headquarters?

Customer Reviews for Cattaraugus County Bank

  • January 12, 2018 |

    I've been with this bank for years; it used to be great, with good customer service that made up the for inconvenience of small-town banking with few locations. However, they recently switched to a new online system, doing away with all EFT Act opt-out protections, and did not notify customers of the changes in the way they are conducting their banking processing of debits and credits (Reg E requires banks send a notice to customers no less than 21 days prior to the effective date of changes that can impact customers in a negative way). While the banks don't physically open to allow customers to begin the days business onsite if they don't have online access, the bank does what they are calling "real-time" electronic posting of debits, including NSF fees and other fees that previously were not applied until the end of the banking day (midnight that evening). This means that if you have and bill scheduled to be processed that banking day, put a deposit in the overnight depository to cover it when the bank opens at 9 a.m., they have already posted the payment at 8 a.m. when they begin their banking day and charged you an NSF. Also, any "pending" EFT transactions, whether they've already been captured and paid to the merchant (and CCB has failed to remove the pre-authorization and is duplicating the charge) or not, will be counted against your available balance and NSF's will be immediately applied, even if you transfer money over from your savings to cover the "pending" items when and if they hit your account. So, money that they in your account "physically" doesn't not count as available funds, but potential charges do count and allow them to collect NSF's. They refuse to investigate errors or unauthorized charges, Springville manager even went so far as to say 'I should've known better than to believe an online merchant that stated no charge would be made until the items shipped' and would not accept the confirmation I had in hand from that merchant stating the charge would be canceled and remove the pre-authorization from my account. She also would not apply the transfer I have moved from my savings to cover the "negative" and remove the NSF even though that transfer was made the same day as the pre-authorization and the banking day had not closed. I DO NOT RECOMMEND THIS BANK (anymore)!

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