The Adirondack Trust Company

473 Broadway
Saratoga Springs, NY 12866

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 660
Date Established 1901
Assets $1.17 billion
Loans $0.75 billion
Deposits $1.02 billion
Capital $0.13 billion

The Adirondack Trust Company is an FDIC insured institution located in Saratoga Springs, NY. It was founded in 1901 and has approximately $1.17 billion in assets. Customers can open an account at one of its 13 branches.

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

Deposit Rates - August 23, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $2,500 - Learn MoreShow Less
Premium Money Market Account
0.10% $1 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.10% $500 - Learn MoreShow Less
6 Mo CD
0.15% $500 - Learn MoreShow Less
12 Mo CD
0.20% $500 - Learn MoreShow Less
24 Mo CD
0.35% $500 - Learn MoreShow Less
36 Mo CD
0.50% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.20% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $500 - Learn MoreShow Less

Loan Rates - August 23, 2019

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
3 Year 3.79% 3.79% $735.77
4 Year 3.79% 3.79% $562.13
5 Year 3.79% 3.79% $458.05
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

The Adirondack 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


The Adirondack Trust Company Locations


Financial Details

The Adirondack Trust Company Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of The Adirondack 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
The Adirondack Trust Company U.S. Bank Average
1.25% 6.94%

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 March 31, 2019, The Adirondack Trust Company had $1,586,000 in non-current loans and $135,000 in owned real estate. To cover these potential losses it had $125,644,000 in equity and $11,717,000 in loans loss reserves. That gives it a Texas Ratio of 1.25%.

Return on Equity
The Adirondack Trust Company U.S. Bank Average
8.53% 9.47%

The Adirondack Trust Company has a Return on Equity of 8.53% versus the BestCashCow average of 9.47%. 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
The Adirondack Trust Company U.S. Bank Average
10.76% 12.49%

The Adirondack Trust Company has a Capitalization of 10.76% versus the BestCashCow average of 12.49. 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.

The Adirondack Trust Company Balance Sheet Analysis

As of March 31, 2019, The Adirondack Trust Company had assets of $1,168,012,000, loans of $746,870,000, and deposits of $1,017,877,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.11 billion
Interest-bearing balances $0.09 billion
Total securities $0.24 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.75 billion
Loan loss allowance $0.01 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 $0.02 billion
All other assets $0.02 billion
     Total Assets $1.04 billion
LIABILITIES
Total deposits $1.02 billion
      Interest-bearing deposits $0.71 billion
      Deposits held in domestic offices $1.02 billion
      % insured (estimated) 75.53%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.02 billion
      Total Liabilities $1.04 billion
      Shareholders’ Equity $0.13 billion

Summary Income Statement

March 31, 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 $0.01 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 The Adirondack Trust Company’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in New York, The Adirondack Trust Company has a significantly higher percent of Small Business 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 28.41
Multifamily
Mortgages
6.89
Credit Card Loans 0.16
Consumer Auto Loans 5.96
Small Business Loans 11.47
Construction and Development Loans 3.97
Commercial Real Estate 40.44
Commercial and Industrial Loans 13.57
Farm Loans 0.00

Frequently Asked Questions About The Adirondack Trust Company

Branches and Savings

Is The Adirondack Trust Company FDIC insured?

Yes. It is covered under FDIC Certificate #660.

Why does The Adirondack 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 The Adirondack Trust Company CD rates not competitive?

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

Is The Adirondack Trust Company a commercial bank?

Yes

Where are The Adirondack Trust Company locations?

See branch locations nearby.

Is The Adirondack Trust Company open on Saturdays?

Is The Adirondack Trust Company open on Sundays?

What time does The Adirondack Trust Company open?

What time does The Adirondack Trust Company close?

Are The Adirondack Trust Company ATMs Open 24/7?

Do The Adirondack Trust Company ATMs accept cash deposits?

Can The Adirondack Trust Company customers use other ATMs?

Do The Adirondack Trust Company branches have notaries?

Will The Adirondack Trust Company notarize my document?

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

Will the The Adirondack Trust Company branch print checks?

Do The Adirondack Trust Company checks expire?

Does The Adirondack Trust Company require US citizenship to open account?

Can The Adirondack Trust Company close my account?

Does The Adirondack Trust Company Report to credit bureaus?

Does The Adirondack Trust Company Use Equifax?

What is The Adirondack Trust Company's ACH Routing Number?

What is The Adirondack Trust Company's SWIFT code?

Products

Does The Adirondack Trust Company offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does The Adirondack Trust Company offer personal loans?

Compare personal loan rates here.

Does The Adirondack Trust Company offer student loans?

Will The Adirondack Trust Company cash a check?

Will The Adirondack Trust Company redeem a savings bond?

Does The Adirondack Trust Company cash savings bonds?

Will The Adirondack Trust Company cash money orders?

Can The Adirondack Trust Company issue a money order?

Does The Adirondack Trust Company do currency exchange?

Background on The Bank

Who owns The Adirondack Trust Company?

How long has The Adirondack Trust Company been around?

Can The Adirondack Trust Company transfer to other banks?

Does The Adirondack Trust Company have quick pay?

Does The Adirondack Trust Company accept rolled coins?

Will The Adirondack Trust Company accept loose change?

Where is The Adirondack Trust Company headquarters?

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