Champlain National Bank

Headquarters

7558 Us Route 9
Elizabethtown, NY 12932
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 0.90% 0.95% →
2-Year CD 1.20% 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Champlain National Bank is an FDIC insured institution located in Elizabethtown, NY. It was founded in 1934 and has approximately $0.37 billion in assets. Customers can open an account at one of its 10 branches.

FDIC Insured Yes
FDIC Certificate # 7356
Date Established 1934
Assets $ 372.07 million
Loans $ 263.25 million
Deposits $ 322.08 million
Capital $ 33.00 million
 

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

Deposit Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
Premium Money Market Account
0.10% $10,000 $14,999 Learn More
Premium Money Market Account
0.10% $25,000 $34,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.30% $100,000 $199,999 Learn More
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.45% $100,000 $199,999 Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.90% $100,000 $199,999 Learn More
18 Mo CD
0.25% $10,000 $14,999 Learn More
24 Mo CD
0.40% $10,000 $14,999 Learn More
24 Mo CD
1.20% $100,000 $199,999 Learn More
30 Mo CD
0.40% $10,000 $14,999 Learn More
36 Mo CD
1.45% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - September 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Champlain National Bank

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,122 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Champlain National Bank
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Branches

Champlain 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:
Fairfield,Connecticut


Champlain National Bank Locations


Financial Details

Champlain National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Champlain 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
Champlain National Bank U.S. Bank Average
8.64% 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, Champlain National Bank had $3,191,000 in non-current loans and $20,000 in owned real estate. To cover these potential losses it had $33,002,000 in equity and $4,174,000 in loans loss reserves. That gives it a Texas Ratio of 8.64%.

Return on Equity
Champlain National Bank U.S. Bank Average
11.65% 7.80%

Champlain National Bank has a Return on Equity of 11.65% 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
Champlain National Bank U.S. Bank Average
8.87% 12.68%

Champlain National Bank has a Capitalization of 8.87% 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.

Champlain National Bank Balance Sheet Analysis

As of March 31, 2020, Champlain National Bank had assets of $372,074,000, loans of $263,251,000, and deposits of $322,082,000. 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 $ 5.95 million
Interest-bearing balances $ 0.42 million
Total securities $ 78.69 million
Federal funds sold and reverse repurchase $ 0.10 million
Net loans and leases $ 263.25 million
Loan loss allowance $ 4.17 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.02 million
Goodwill and other intangibles N.A.
All other assets $ 20.54 million
     Total Assets $ 339.07 million
LIABILITIES
Total deposits $ 322.08 million
      Interest-bearing deposits $ 232.26 million
      Deposits held in domestic offices $ 322.08 million
      % insured (estimated) 70.75%
Federal funds purchased and repurchase agreements $ 3.20 million
Trading liabilities N.A.
Other borrowed funds $ 5.00 million
Subordinated debt N.A.
All other liabilities $ 8.79 million
      Total Liabilities $ 339.07 million
      Shareholders’ Equity $ 33.00 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.67 million
Total Interest Expense $ 0.42 million
Net interest income $ 3.25 million
Provision for loan and lease losses $ 0.08 million
Total non interest income $ 0.51 million
Total non interest expense $ 2.53 million
Pre-tax Net Operating Income $ 1.15 million

Bank Loan Profile?

The top three loan types in Champlain National Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Multifamily Mortgages.

Compared to other banks in New York, Champlain National Bank has a significantly higher percent of Consumer Auto 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 29.62
Multifamily
Mortgages
13.63
Credit Card Loans 0.00
Consumer Auto Loans 12.63
Small Business Loans 0.00
Construction and Development Loans 4.24
Commercial Real Estate 30.79
Commercial and Industrial Loans 9.45
Farm Loans 0.00

Frequently Asked Questions About Champlain National Bank

Branches and Savings

Is Champlain National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #7356.

Why does Champlain 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 Champlain National Bank CD rates not competitive?

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

Is Champlain National Bank a commercial bank?

Yes

Where are Champlain National Bank locations?

See branch locations nearby.

Is Champlain National Bank open on Saturdays?

Is Champlain National Bank open on Sundays?

What time does Champlain National Bank open?

What time does Champlain National Bank close?

Are Champlain National Bank ATMs Open 24/7?

Do Champlain National Bank ATMs accept cash deposits?

Can Champlain National Bank customers use other ATMs?

Do Champlain National Bank branches have notaries?

Will Champlain National Bank notarize my document?

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

Will the Champlain National Bank branch print checks?

Do Champlain National Bank checks expire?

Does Champlain National Bank require US citizenship to open account?

Can Champlain National Bank close my account?

Does Champlain National Bank Report to credit bureaus?

Does Champlain National Bank Use Equifax?

What is Champlain National Bank's ACH Routing Number?

What is Champlain National Bank's SWIFT code?

Products

Does Champlain National Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Champlain National Bank offer personal loans?

Compare personal loan rates here.

Does Champlain National Bank offer student loans?

Will Champlain National Bank cash a check?

Will Champlain National Bank redeem a savings bond?

Does Champlain National Bank cash savings bonds?

Will Champlain National Bank cash money orders?

Can Champlain National Bank issue a money order?

Does Champlain National Bank do currency exchange?

Background on The Bank

Who owns Champlain National Bank?

How long has Champlain National Bank been around?

Can Champlain National Bank transfer to other banks?

Does Champlain National Bank have quick pay?

Does Champlain National Bank accept rolled coins?

Will Champlain National Bank accept loose change?

Where is Champlain National Bank headquarters?

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