First Niagara Bank, National Association

Headquarters

726 Exchange Street
Buffalo, NY 14210
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 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

First Niagara Bank, National Association is an FDIC insured institution located in Buffalo, NY. It was founded in 1870 and has approximately $32.93 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 16004
Date Established 1870
Assets $ 39.93 billion
Loans $ 24.13 billion
Deposits $ 29.45 billion
Capital $ 4.48 billion
 

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

Deposit Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 23, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Niagara Bank, National Association

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

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4.114% 3.990% 1.00 $3,750 $1,193 Learn More
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2.816% 2.750% 0.88 $2,132 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

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Note to First Niagara Bank, National Association
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Branches

First Niagara Bank, National Association 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


First Niagara Bank, National Association Locations


Financial Details

First Niagara Bank, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Niagara Bank, National Association. 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
First Niagara Bank, National Association U.S. Bank Average
6.21% 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, First Niagara Bank, National Association had $275,091,000 in non-current loans and $18,735,000 in owned real estate. To cover these potential losses it had $4,481,194,000 in equity and $252,843,000 in loans loss reserves. That gives it a Texas Ratio of 6.21%.

Return on Equity
First Niagara Bank, National Association U.S. Bank Average
5.6% 7.80%

First Niagara Bank, National Association has a Return on Equity of 5.6% 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
First Niagara Bank, National Association U.S. Bank Average
11.22% 12.68%

First Niagara Bank, National Association has a Capitalization of 11.22% 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.

First Niagara Bank, National Association Balance Sheet Analysis

As of June 30, 2016, First Niagara Bank, National Association had assets of $32,925,808,000, loans of $24,132,981,000, and deposits of $29,450,848,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 24.13 billion
Loan loss allowance $ 252.84 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 18.74 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 29.45 billion
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 39.93 billion

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in First Niagara Bank, National Association’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in New York, First Niagara Bank, National Association has a significantly higher percent of Credit Card Loans, 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 27.47
Multifamily
Mortgages
6.59
Credit Card Loans 1.19
Consumer Auto Loans 10.54
Small Business Loans 3.75
Construction and Development Loans 6.07
Commercial Real Estate 22.35
Commercial and Industrial Loans 19.08
Farm Loans 0.13

Frequently Asked Questions About First Niagara Bank, National Association

Branches and Savings

Is First Niagara Bank, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #16004.

Why does First Niagara Bank, National Association pay such low interest on savings accounts?

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

Why are First Niagara Bank, National Association CD rates not competitive?

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

Is First Niagara Bank, National Association a commercial bank?

Yes

Where are First Niagara Bank, National Association locations?

See branch locations nearby.

Is First Niagara Bank, National Association open on Saturdays?

Is First Niagara Bank, National Association open on Sundays?

What time does First Niagara Bank, National Association open?

What time does First Niagara Bank, National Association close?

Are First Niagara Bank, National Association ATMs Open 24/7?

Do First Niagara Bank, National Association ATMs accept cash deposits?

Can First Niagara Bank, National Association customers use other ATMs?

Do First Niagara Bank, National Association branches have notaries?

Will First Niagara Bank, National Association notarize my document?

What address for First Niagara Bank, National Association should I put for incoming ACH transfers?

Will the First Niagara Bank, National Association branch print checks?

Do First Niagara Bank, National Association checks expire?

Does First Niagara Bank, National Association require US citizenship to open account?

Can First Niagara Bank, National Association close my account?

Does First Niagara Bank, National Association Report to credit bureaus?

Does First Niagara Bank, National Association Use Equifax?

What is First Niagara Bank, National Association's ACH Routing Number?

What is First Niagara Bank, National Association's SWIFT code?

Products

Does First Niagara Bank, National Association offer mortgages?

Compare mortgage rates here.

Does First Niagara Bank, National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Niagara Bank, National Association offer personal loans?

Compare personal loan rates here.

Does First Niagara Bank, National Association offer student loans?

Will First Niagara Bank, National Association cash a check?

Will First Niagara Bank, National Association redeem a savings bond?

Does First Niagara Bank, National Association cash savings bonds?

Will First Niagara Bank, National Association cash money orders?

Can First Niagara Bank, National Association issue a money order?

Does First Niagara Bank, National Association do currency exchange?

Background on The Bank

Who owns First Niagara Bank, National Association?

How long has First Niagara Bank, National Association been around?

Can First Niagara Bank, National Association transfer to other banks?

Does First Niagara Bank, National Association have quick pay?

Does First Niagara Bank, National Association accept rolled coins?

Will First Niagara Bank, National Association accept loose change?

Where is First Niagara Bank, National Association headquarters?

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