Genesee Regional Bank

Headquarters

1850 South Winton Rd
Rochester, NY 14618
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.85% →
1-Year CD 0.05% 0.80% →
2-Year CD 0.10% 0.80% →
5-Year CD 0.15% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Genesee Regional Bank is an FDIC insured institution located in Rochester, NY. It was founded in 1985 and has approximately $0.81 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 26333
Date Established 1985
Assets $ 805.34 million
Loans $ 601.04 million
Deposits $ 717.42 million
Capital $ 83.66 million
 

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

Deposit Rates - September 23, 2021

Your Current Location: California, CA 92111

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

Checking Rates APY MIN FEE
Elite Checking 0.00% $50,000 $35.00 Learn MoreShow Less
Value 0.10% $500 $3.00 Learn MoreShow Less
 

Loan Rates - September 23, 2021

Your Current Location: California, CA 92111

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 5.50% 5.50% $754.90
4 Year 5.75% 5.75% $584.26
5 Year 6.00% 6.00% $483.32

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

Genesee Regional 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:
San Diego,California


Genesee Regional Bank Locations


Financial Details

Genesee Regional Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Genesee Regional 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
Genesee Regional Bank U.S. Bank Average
3.03% 5.29%

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, 2021, Genesee Regional Bank had $1,800,000 in non-current loans and $1,000,000 in owned real estate. To cover these potential losses it had $83,661,000 in equity and $8,875,000 in loans loss reserves. That gives it a Texas Ratio of 3.03%.

Return on Equity
Genesee Regional Bank U.S. Bank Average
18.32% 11.43%

Genesee Regional Bank has a Return on Equity of 18.32% versus the BestCashCow average of 11.43%. 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
Genesee Regional Bank U.S. Bank Average
10.39% 11.51%

Genesee Regional Bank has a Capitalization of 10.39% versus the BestCashCow average of 11.51. 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.

Genesee Regional Bank Balance Sheet Analysis

As of March 31, 2021, Genesee Regional Bank had assets of $805,335,000, loans of $601,040,000, and deposits of $717,424,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 64.02 million
Interest-bearing balances $ 57.84 million
Total securities $ 110.71 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 601.04 million
Loan loss allowance $ 8.88 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.00 million
Goodwill and other intangibles $ 2.15 million
All other assets $ 25.05 million
     Total Assets $ 721.67 million
LIABILITIES
Total deposits $ 717.42 million
      Interest-bearing deposits $ 504.90 million
      Deposits held in domestic offices $ 717.42 million
      % insured (estimated) 60.03%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 4.25 million
      Total Liabilities $ 721.67 million
      Shareholders’ Equity $ 83.66 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 7.20 million
Total Interest Expense $ 0.27 million
Net interest income $ 6.94 million
Provision for loan and lease losses $ 0.10 million
Total non interest income $ 3.54 million
Total non interest expense $ 5.50 million
Pre-tax Net Operating Income $ 4.89 million

Bank Loan Profile?

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

Compared to other banks in New York, Genesee Regional Bank 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 18.22
Multifamily
Mortgages
3.26
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 0.00
Construction and Development Loans 6.20
Commercial Real Estate 29.56
Commercial and Industrial Loans 38.54
Farm Loans 0.00

Frequently Asked Questions About Genesee Regional Bank

Branches and Savings

Is Genesee Regional Bank FDIC insured?

Yes. It is covered under FDIC Certificate #26333.

Why does Genesee Regional Bank pay such low interest on savings accounts?

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

Why are Genesee Regional Bank CD rates not competitive?

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

Is Genesee Regional Bank a commercial bank?

Yes

Where are Genesee Regional Bank locations?

See branch locations nearby.

Is Genesee Regional Bank open on Saturdays?

Is Genesee Regional Bank open on Sundays?

What time does Genesee Regional Bank open?

What time does Genesee Regional Bank close?

Are Genesee Regional Bank ATMs Open 24/7?

Do Genesee Regional Bank ATMs accept cash deposits?

Can Genesee Regional Bank customers use other ATMs?

Do Genesee Regional Bank branches have notaries?

Will Genesee Regional Bank notarize my document?

What address for Genesee Regional Bank should I put for incoming ACH transfers?

Will the Genesee Regional Bank branch print checks?

Do Genesee Regional Bank checks expire?

Does Genesee Regional Bank require US citizenship to open account?

Can Genesee Regional Bank close my account?

Does Genesee Regional Bank Report to credit bureaus?

Does Genesee Regional Bank Use Equifax?

What is Genesee Regional Bank's ACH Routing Number?

What is Genesee Regional Bank's SWIFT code?

Products

Does Genesee Regional Bank offer mortgages?

Compare mortgage rates here.

Does Genesee Regional Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Genesee Regional Bank offer personal loans?

Compare personal loan rates here.

Does Genesee Regional Bank offer student loans?

Will Genesee Regional Bank cash a check?

Will Genesee Regional Bank redeem a savings bond?

Does Genesee Regional Bank cash savings bonds?

Will Genesee Regional Bank cash money orders?

Can Genesee Regional Bank issue a money order?

Does Genesee Regional Bank do currency exchange?

Background on The Bank

Who owns Genesee Regional Bank?

How long has Genesee Regional Bank been around?

Can Genesee Regional Bank transfer to other banks?

Does Genesee Regional Bank have quick pay?

Does Genesee Regional Bank accept rolled coins?

Will Genesee Regional Bank accept loose change?

Where is Genesee Regional Bank headquarters?

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