Steuben Trust Company

One Steuben Square
Hornell, NY 14843

Notable Rates APY Vs.Others
Savings 0.05% 2.60% →
1-Year CD 0.75% 2.36% →
2-Year CD 0.95% 2.60% →
5-Year CD N.A. 2.80% →
30-Year Mortgage 3.72% 3.31% →
15-Year Mortgage 3.29% 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

Steuben Trust Company is an FDIC insured institution located in Hornell, NY. It was founded in 1902 and has approximately $0.58 billion in assets. Customers can open an account at one of its 14 branches.

FDIC Insured Yes
FDIC Certificate # 12936
Date Established 1902
Assets $0.58 billion
Loans $0.34 billion
Deposits $0.48 billion
Capital $0.07 billion
 

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

Deposit Rates - November 12, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $1 - Learn MoreShow Less
Premium Money Market Account
0.10% $10,000 $99,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.05% $1,000 - Learn MoreShow Less
6 Mo CD
0.50% $1,000 - Learn MoreShow Less
12 Mo CD
0.75% $1,000 - Learn MoreShow Less
24 Mo CD
0.95% $1,000 - Learn MoreShow Less
36 Mo CD
1.01% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.75% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1,000 - Learn MoreShow Less
Checking Rates APY MIN FEE
Everyday Checking 0.00% $500 $5.00 Learn MoreShow Less
Basic Checking 0.00% $25 $3.00 Learn MoreShow Less

Loan Rates - November 12, 2019

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 4.35% 4.35% $742.00
4 Year 4.35% 4.35% $568.40
5 Year 4.35% 4.35% $464.37
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

Steuben 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


Steuben Trust Company Locations


Financial Details

Steuben Trust Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Steuben 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
Steuben Trust Company U.S. Bank Average
4.98% 6.77%

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 June 30, 2019, Steuben Trust Company had $1,111,000 in non-current loans and $2,346,000 in owned real estate. To cover these potential losses it had $65,190,000 in equity and $4,200,000 in loans loss reserves. That gives it a Texas Ratio of 4.98%.

Return on Equity
Steuben Trust Company U.S. Bank Average
11.08% 9.50%

Steuben Trust Company has a Return on Equity of 11.08% versus the BestCashCow average of 9.50%. 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
Steuben Trust Company U.S. Bank Average
11.3% 12.76%

Steuben Trust Company has a Capitalization of 11.3% versus the BestCashCow average of 12.76. 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.

Steuben Trust Company Balance Sheet Analysis

As of June 30, 2019, Steuben Trust Company had assets of $576,840,000, loans of $342,439,000, and deposits of $484,945,000. 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

June 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.20 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.34 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 $0.02 billion
     Total Assets $0.51 billion
LIABILITIES
Total deposits $0.48 billion
      Interest-bearing deposits $0.36 billion
      Deposits held in domestic offices $0.48 billion
      % insured (estimated) 67.38%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.02 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $0.51 billion
      Shareholders’ Equity $0.07 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 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 $0.00 billion

Bank Loan Profile?

The top three loan types in Steuben Trust Company’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in New York, Steuben Trust Company has a significantly higher percent of Farm 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 28.00
Multifamily
Mortgages
5.72
Credit Card Loans 0.00
Consumer Auto Loans 2.25
Small Business Loans 13.80
Construction and Development Loans 2.24
Commercial Real Estate 41.24
Commercial and Industrial Loans 6.23
Farm Loans 3.31

Frequently Asked Questions About Steuben Trust Company

Branches and Savings

Is Steuben Trust Company FDIC insured?

Yes. It is covered under FDIC Certificate #12936.

Why does Steuben 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 Steuben Trust Company CD rates not competitive?

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

Is Steuben Trust Company a commercial bank?

Yes

Where are Steuben Trust Company locations?

See branch locations nearby.

Is Steuben Trust Company open on Saturdays?

Is Steuben Trust Company open on Sundays?

What time does Steuben Trust Company open?

What time does Steuben Trust Company close?

Are Steuben Trust Company ATMs Open 24/7?

Do Steuben Trust Company ATMs accept cash deposits?

Can Steuben Trust Company customers use other ATMs?

Do Steuben Trust Company branches have notaries?

Will Steuben Trust Company notarize my document?

What address for Steuben Trust Company should I put for incoming ACH transfers?

Will the Steuben Trust Company branch print checks?

Do Steuben Trust Company checks expire?

Does Steuben Trust Company require US citizenship to open account?

Can Steuben Trust Company close my account?

Does Steuben Trust Company Report to credit bureaus?

Does Steuben Trust Company Use Equifax?

What is Steuben Trust Company's ACH Routing Number?

What is Steuben Trust Company's SWIFT code?

Products

Does Steuben Trust Company offer mortgages?

Compare mortgage rates here.

Does Steuben Trust Company offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Steuben Trust Company offer personal loans?

Compare personal loan rates here.

Does Steuben Trust Company offer student loans?

Will Steuben Trust Company cash a check?

Will Steuben Trust Company redeem a savings bond?

Does Steuben Trust Company cash savings bonds?

Will Steuben Trust Company cash money orders?

Can Steuben Trust Company issue a money order?

Does Steuben Trust Company do currency exchange?

Background on The Bank

Who owns Steuben Trust Company?

How long has Steuben Trust Company been around?

Can Steuben Trust Company transfer to other banks?

Does Steuben Trust Company have quick pay?

Does Steuben Trust Company accept rolled coins?

Will Steuben Trust Company accept loose change?

Where is Steuben Trust Company headquarters?

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