Ulster Savings Bank

180 Schwenk Drive
Kingston, NY 12401

Notable Rates APY Vs.Others
Savings 0.10% 2.60% →
1-Year CD 0.50% 2.25% →
2-Year CD 1.00% 2.50% →
5-Year CD 1.55% 2.80% →
30-Year Mortgage 3.57% 3.31% →
15-Year Mortgage 3.24% 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

Ulster Savings Bank is an FDIC insured institution located in Kingston, NY. It was founded in 1851 and has approximately $0.92 billion in assets. Customers can open an account at one of its 14 branches.

FDIC Insured Yes
FDIC Certificate # 15970
Date Established 1851
Assets $0.92 billion
Loans $0.75 billion
Deposits $0.80 billion
Capital $0.10 billion
 

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

Deposit Rates - November 22, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.15% $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
0.20% $2,500 - Learn MoreShow Less
6 Mo CD
0.30% $2,500 - Learn MoreShow Less
12 Mo CD
0.50% $2,500 - Learn MoreShow Less
18 Mo CD
0.60% $500 - Learn MoreShow Less
24 Mo CD
1.00% $500 - Learn MoreShow Less
30 Mo CD
0.80% $500 - Learn MoreShow Less
36 Mo CD
1.25% $500 - Learn MoreShow Less
48 Mo CD
1.30% $500 - Learn MoreShow Less
60 Mo CD
1.55% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.50% $2,500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.10% $1 $2,499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1 $2,499 Learn MoreShow Less
Int Ckg
0.15% $2,500 - Learn MoreShow Less

Loan Rates - November 22, 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

Ulster Savings 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:
Ashburn,Virginia


Ulster Savings Bank Locations


Financial Details

Ulster Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Ulster Savings 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
Ulster Savings Bank U.S. Bank Average
7.4% 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, Ulster Savings Bank had $8,076,000 in non-current loans and $123,000 in owned real estate. To cover these potential losses it had $101,880,000 in equity and $8,958,000 in loans loss reserves. That gives it a Texas Ratio of 7.4%.

Return on Equity
Ulster Savings Bank U.S. Bank Average
4.06% 9.50%

Ulster Savings Bank has a Return on Equity of 4.06% 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
Ulster Savings Bank U.S. Bank Average
11.12% 12.76%

Ulster Savings Bank has a Capitalization of 11.12% 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.

Ulster Savings Bank Balance Sheet Analysis

As of June 30, 2019, Ulster Savings Bank had assets of $916,322,000, loans of $752,338,000, and deposits of $798,625,000. 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 $0.03 billion
Interest-bearing balances $0.02 billion
Total securities $0.07 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 $0.01 billion
All other assets $0.04 billion
     Total Assets $0.81 billion
LIABILITIES
Total deposits $0.80 billion
      Interest-bearing deposits $0.67 billion
      Deposits held in domestic offices $0.80 billion
      % insured (estimated) 88.37%
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 $0.01 billion
      Total Liabilities $0.81 billion
      Shareholders’ Equity $0.10 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.02 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 $0.02 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

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

Compared to other banks, Ulster Savings Bank’s loan portfolio does not show any specific loan specialty.

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 60.08
Multifamily
Mortgages
7.04
Credit Card Loans 0.00
Consumer Auto Loans 1.56
Small Business Loans 8.68
Construction and Development Loans 8.29
Commercial Real Estate 18.59
Commercial and Industrial Loans 4.80
Farm Loans 0.04

Frequently Asked Questions About Ulster Savings Bank

Branches and Savings

Is Ulster Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #15970.

Why does Ulster Savings Bank pay such low interest on savings accounts?

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

Why are Ulster Savings Bank CD rates not competitive?

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

Is Ulster Savings Bank a commercial bank?

Yes

Where are Ulster Savings Bank locations?

See branch locations nearby.

Is Ulster Savings Bank open on Saturdays?

Is Ulster Savings Bank open on Sundays?

What time does Ulster Savings Bank open?

What time does Ulster Savings Bank close?

Are Ulster Savings Bank ATMs Open 24/7?

Do Ulster Savings Bank ATMs accept cash deposits?

Can Ulster Savings Bank customers use other ATMs?

Do Ulster Savings Bank branches have notaries?

Will Ulster Savings Bank notarize my document?

What address for Ulster Savings Bank should I put for incoming ACH transfers?

Will the Ulster Savings Bank branch print checks?

Do Ulster Savings Bank checks expire?

Does Ulster Savings Bank require US citizenship to open account?

Can Ulster Savings Bank close my account?

Does Ulster Savings Bank Report to credit bureaus?

Does Ulster Savings Bank Use Equifax?

What is Ulster Savings Bank's ACH Routing Number?

What is Ulster Savings Bank's SWIFT code?

Products

Does Ulster Savings Bank offer mortgages?

Compare mortgage rates here.

Does Ulster Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Ulster Savings Bank offer personal loans?

Compare personal loan rates here.

Does Ulster Savings Bank offer student loans?

Will Ulster Savings Bank cash a check?

Will Ulster Savings Bank redeem a savings bond?

Does Ulster Savings Bank cash savings bonds?

Will Ulster Savings Bank cash money orders?

Can Ulster Savings Bank issue a money order?

Does Ulster Savings Bank do currency exchange?

Background on The Bank

Who owns Ulster Savings Bank?

How long has Ulster Savings Bank been around?

Can Ulster Savings Bank transfer to other banks?

Does Ulster Savings Bank have quick pay?

Does Ulster Savings Bank accept rolled coins?

Will Ulster Savings Bank accept loose change?

Where is Ulster Savings Bank headquarters?

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