Saratoga National Bank and Trust

139 Broadway
Saratoga Springs, NY 12866

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 27290
Date Established 1988
Assets $0.54 billion
Loans $0.45 billion
Deposits $0.46 billion
Capital $0.05 billion

Saratoga National Bank and Trust is an FDIC insured institution located in Saratoga Springs, NY. It was founded in 1988 and has approximately $0.54 billion in assets. Customers can open an account at one of its 9 branches.

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

Bank Loan Profile?

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

Compared to other banks in New York, Saratoga National Bank and Trust 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 44.10
Multifamily
Mortgages
5.32
Credit Card Loans 0.00
Consumer Auto Loans 20.96
Small Business Loans 7.29
Construction and Development Loans 3.50
Commercial Real Estate 19.33
Commercial and Industrial Loans 6.14
Farm Loans 0.00

Deposit Rates - May 23, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $1,000 $9,999 Learn MoreShow Less
Money Market
0.10% $10,000 $24,999 Learn MoreShow Less
Money Market
0.15% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
0.20% $5,000 $249,999 Learn MoreShow Less
6 Mo CD
0.30% $1,000 $249,999 Learn MoreShow Less
12 Mo CD
0.50% $1,000 $249,999 Learn MoreShow Less
24 Mo CD
0.90% $1,000 $249,999 Learn MoreShow Less
36 Mo CD
1.01% $1,000 $249,999 Learn MoreShow Less
48 Mo CD
1.06% $1,000 $249,999 Learn MoreShow Less
60 Mo CD
1.11% $1,000 $249,999 Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.50% $1,000 $249,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.15% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $250 - Learn MoreShow Less

Loan Rates - May 23, 2019

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

Saratoga National Bank and Trust 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


Saratoga National Bank and Trust Locations


Financial Details

Saratoga National Bank and Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Saratoga National Bank and Trust. 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
Saratoga National Bank and Trust U.S. Bank Average
1.07% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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, 2018, Saratoga National Bank and Trust had $607,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $52,855,000 in equity and $3,802,000 in loans loss reserves. That gives it a Texas Ratio of 1.07%.

Return on Equity
Saratoga National Bank and Trust U.S. Bank Average
15.06% 8.80%

Saratoga National Bank and Trust has a Return on Equity of 15.06% versus the BestCashCow average of 8.80%. 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
Saratoga National Bank and Trust U.S. Bank Average
9.75% 12.29%

Saratoga National Bank and Trust has a Capitalization of 9.75% versus the BestCashCow average of 12.29. 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.

Saratoga National Bank and Trust Balance Sheet Analysis

As of December 31, 2018, Saratoga National Bank and Trust had assets of $542,244,000, loans of $445,242,000, and deposits of $460,577,000. 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, 2018
ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.01 billion
Total securities $0.06 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.45 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.49 billion
LIABILITIES
Total deposits $0.46 billion
      Interest-bearing deposits $0.37 billion
      Deposits held in domestic offices $0.46 billion
      % insured (estimated) 69.24%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.03 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.49 billion
      Shareholders’ Equity $0.05 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.02 billion
Total Interest Expense $0.00 billion
Net interest income $0.02 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About Saratoga National Bank And Trust

Branches and Savings

Is Saratoga National Bank And Trust FDIC insured?

Yes. It is covered under FDIC Certificate #27290.

Why does Saratoga National Bank And Trust pay such low interest on savings accounts?

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

Why are Saratoga National Bank And Trust CD rates not competitive?

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

Is Saratoga National Bank And Trust a commercial bank?

Yes

Where are Saratoga National Bank And Trust locations?

See branch locations nearby.

Is Saratoga National Bank And Trust open on Saturdays?

Is Saratoga National Bank And Trust open on Sundays?

What time does Saratoga National Bank And Trust open?

What time does Saratoga National Bank And Trust close?

Are Saratoga National Bank And Trust ATMs Open 24/7?

Do Saratoga National Bank And Trust ATMs accept cash deposits?

Can Saratoga National Bank And Trust customers use other ATMs?

Do Saratoga National Bank And Trust branches have notaries?

Will Saratoga National Bank And Trust notarize my document?

What address for Saratoga National Bank And Trust should I put for incoming ACH transfers?

Will the Saratoga National Bank And Trust branch print checks?

Do Saratoga National Bank And Trust checks expire?

Does Saratoga National Bank And Trust require US citizenship to open account?

Can Saratoga National Bank And Trust close my account?

Does Saratoga National Bank And Trust Report to credit bureaus?

Does Saratoga National Bank And Trust Use Equifax?

What is Saratoga National Bank And Trust's ACH Routing Number?

What is Saratoga National Bank And Trust's SWIFT code?

Products

Does Saratoga National Bank And Trust offer mortgages?

Compare mortgage rates here.

Does Saratoga National Bank And Trust offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Saratoga National Bank And Trust offer personal loans?

Compare personal loan rates here.

Does Saratoga National Bank And Trust offer student loans?

Will Saratoga National Bank And Trust cash a check?

Will Saratoga National Bank And Trust redeem a savings bond?

Does Saratoga National Bank And Trust cash savings bonds?

Will Saratoga National Bank And Trust cash money orders?

Can Saratoga National Bank And Trust issue a money order?

Does Saratoga National Bank And Trust do currency exchange?

Background on The Bank

Who owns Saratoga National Bank And Trust?

How long has Saratoga National Bank And Trust been around?

Can Saratoga National Bank And Trust transfer to other banks?

Does Saratoga National Bank And Trust have quick pay?

Does Saratoga National Bank And Trust accept rolled coins?

Will Saratoga National Bank And Trust accept loose change?

Where is Saratoga National Bank And Trust headquarters?

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