Glens Falls National Bank and Trust Company

Headquarters

250 Glen Street
Glens Falls, NY 12801
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 1.40% →
1-Year CD 0.35% 1.15% →
2-Year CD 0.40% 1.26% →
5-Year CD 0.75% 1.56% →
30-Year Mortgage 3.66% 3.09% →
15-Year Mortgage 3.19% 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Glens Falls National Bank and Trust Company is an FDIC insured institution located in Glens Falls, NY. It was founded in 1851 and has approximately $2.56 billion in assets. Customers can open an account at one of its 30 branches.

FDIC Insured Yes
FDIC Certificate # 7074
Date Established 1851
Assets $ 2.56 billion
Loans $ 1,866.59 million
Deposits $ 2.07 billion
Capital $ 249.53 million
 

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

Deposit Rates - July 6, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $1 - Learn More
Money Market
0.05% $2,500 $9,999 Learn More
Money Market
0.05% $10,000 $24,999 Learn More
Money Market
0.05% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $5,000 $249,999 Learn More
6 Mo CD
0.20% $1,000 $249,999 Learn More
12 Mo CD
0.35% $1,000 $249,999 Learn More
24 Mo CD
0.40% $1,000 $249,999 Learn More
36 Mo CD
0.50% $1,000 $249,999 Learn More
48 Mo CD
0.60% $1,000 $249,999 Learn More
60 Mo CD
0.75% $1,000 $249,999 Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.35% $1,000 $249,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.10% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.03% $250 $9,999 Learn MoreShow Less

Loan Rates - July 6, 2020

Your Current Location: Virginia, VA 20146

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

Glens Falls National Bank and Trust Company 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


Glens Falls National Bank and Trust Company Locations


Financial Details

Glens Falls National Bank and Trust Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Glens Falls National Bank and Trust Company. 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
Glens Falls National Bank and Trust Company U.S. Bank Average
1.92% 6.51%

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 December 31, 2019, Glens Falls National Bank and Trust Company had $3,982,000 in non-current loans and $1,122,000 in owned real estate. To cover these potential losses it had $249,531,000 in equity and $16,892,000 in loans loss reserves. That gives it a Texas Ratio of 1.92%.

Return on Equity
Glens Falls National Bank and Trust Company U.S. Bank Average
12.46% 9.41%

Glens Falls National Bank and Trust Company has a Return on Equity of 12.46% versus the BestCashCow average of 9.41%. 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
Glens Falls National Bank and Trust Company U.S. Bank Average
9.73% 12.82%

Glens Falls National Bank and Trust Company has a Capitalization of 9.73% versus the BestCashCow average of 12.82. 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.

Glens Falls National Bank and Trust Company Balance Sheet Analysis

As of December 31, 2019, Glens Falls National Bank and Trust Company had assets of $2,564,325,000, loans of $1,866,588,000, and deposits of $2,068,671,000. 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

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 53.63 million
Interest-bearing balances $ 13.80 million
Total securities $ 525.45 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,866.59 million
Loan loss allowance $ 16.89 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.12 million
Goodwill and other intangibles $ 22.09 million
All other assets $ 60.64 million
     Total Assets $ 2.31 billion
LIABILITIES
Total deposits $ 2.07 billion
      Interest-bearing deposits $ 1,675.80 million
      Deposits held in domestic offices $ 2.07 billion
      % insured (estimated) 86.49%
Federal funds purchased and repurchase agreements $ 79.85 million
Trading liabilities N.A.
Other borrowed funds $ 141.86 million
Subordinated debt N.A.
All other liabilities $ 24.42 million
      Total Liabilities $ 2.31 billion
      Shareholders’ Equity $ 249.53 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 87.49 million
Total Interest Expense $ 16.49 million
Net interest income $ 71.00 million
Provision for loan and lease losses $ 1.38 million
Total non interest income $ 26.93 million
Total non interest expense $ 59.27 million
Pre-tax Net Operating Income $ 37.29 million

Bank Loan Profile?

The top three loan types in Glens Falls National Bank and Trust Company’s loan portfolio are 1-4 Family Residential Loans, Consumer Auto Loans, and Commercial Real Estate.

Compared to other banks in New York, Glens Falls National Bank and Trust Company 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 37.25
Multifamily
Mortgages
3.12
Credit Card Loans 0.00
Consumer Auto Loans 36.65
Small Business Loans 4.92
Construction and Development Loans 2.04
Commercial Real Estate 15.27
Commercial and Industrial Loans 3.71
Farm Loans 0.00

Frequently Asked Questions About Glens Falls National Bank And Trust Company

Branches and Savings

Is Glens Falls National Bank And Trust Company FDIC insured?

Yes. It is covered under FDIC Certificate #7074.

Why does Glens Falls National Bank And Trust Company pay such low interest on savings accounts?

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

Why are Glens Falls National Bank And Trust Company CD rates not competitive?

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

Is Glens Falls National Bank And Trust Company a commercial bank?

Yes

Where are Glens Falls National Bank And Trust Company locations?

See branch locations nearby.

Is Glens Falls National Bank And Trust Company open on Saturdays?

Is Glens Falls National Bank And Trust Company open on Sundays?

What time does Glens Falls National Bank And Trust Company open?

What time does Glens Falls National Bank And Trust Company close?

Are Glens Falls National Bank And Trust Company ATMs Open 24/7?

Do Glens Falls National Bank And Trust Company ATMs accept cash deposits?

Can Glens Falls National Bank And Trust Company customers use other ATMs?

Do Glens Falls National Bank And Trust Company branches have notaries?

Will Glens Falls National Bank And Trust Company notarize my document?

What address for Glens Falls National Bank And Trust Company should I put for incoming ACH transfers?

Will the Glens Falls National Bank And Trust Company branch print checks?

Do Glens Falls National Bank And Trust Company checks expire?

Does Glens Falls National Bank And Trust Company require US citizenship to open account?

Can Glens Falls National Bank And Trust Company close my account?

Does Glens Falls National Bank And Trust Company Report to credit bureaus?

Does Glens Falls National Bank And Trust Company Use Equifax?

What is Glens Falls National Bank And Trust Company's ACH Routing Number?

What is Glens Falls National Bank And Trust Company's SWIFT code?

Products

Does Glens Falls National Bank And Trust Company offer mortgages?

Compare mortgage rates here.

Does Glens Falls National Bank And Trust Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Glens Falls National Bank And Trust Company offer personal loans?

Compare personal loan rates here.

Does Glens Falls National Bank And Trust Company offer student loans?

Will Glens Falls National Bank And Trust Company cash a check?

Will Glens Falls National Bank And Trust Company redeem a savings bond?

Does Glens Falls National Bank And Trust Company cash savings bonds?

Will Glens Falls National Bank And Trust Company cash money orders?

Can Glens Falls National Bank And Trust Company issue a money order?

Does Glens Falls National Bank And Trust Company do currency exchange?

Background on The Bank

Who owns Glens Falls National Bank And Trust Company?

How long has Glens Falls National Bank And Trust Company been around?

Can Glens Falls National Bank And Trust Company transfer to other banks?

Does Glens Falls National Bank And Trust Company have quick pay?

Does Glens Falls National Bank And Trust Company accept rolled coins?

Will Glens Falls National Bank And Trust Company accept loose change?

Where is Glens Falls National Bank And Trust Company headquarters?

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