Adirondack Bank in Utica, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


Adirondack Bank - Overview

  • General
  • FDIC Certificate #: 28380
    Status: Active
    Federal Reserve ID: 101671
    Bank Holding Company (Regulatory Top Holder): Adirondack Bancorp, Inc. (RSSDID: 2467474, Location: Utica, NY)
    Date Established: January 01, 1898
    WWW: http://www.adirondackbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 17 (Domestic: 17, Interstate: No)
    OTS Docket #: 1473
    FDIC's unique #: 41214
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 25, 1936
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 185 Genesee Street, Utica, NY 13501
    County: Oneida
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Syracuse
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Utica-Rome, NY (#8680)
    Core Based Statistical Area (CBSA): Utica-Rome, NY (#46540)
    CBSA Metro Statistical Area: Utica-Rome, NY (#46540)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $580.7 mil
    Equity capital: $44.5 mil
    Deposits held in domestic offices: $477.2 mil
    Return on assets (ROA): 0.54% ($3.1 mil)
    Quarterly return on assets: 0.73% ($4.2 mil)
    Return on Equity (ROE): 7.23% ($3.2 mil)
    Quarterly return on equity: 9.79% ($4.3 mil)
    Net income: $3.0 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 0.72% ($4,181.1 mil)
    Quarterly Pretax return on assets: 1.01% ($5,865.2 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 153Total employees (full-time equivalent)
  • $580,713Total assets
  • $26,474Cash and due from depository institutions
  • $0Interest-bearing balances
  • $196,667Securities
  • $1,839Federal funds sold & reverse repurchase agreements
  • $329,367Net loans & leases
  • $3,062Loan loss allowance
  • $0Trading account assets
  • $6,449Bank premises and fixed assets
  • $693Other real estate owned
  • $2,552Goodwill and other intangibles
  • $580,713Life insurance assets
  • $16,672All other assets
  • $536,232Total liabilities and capital
  • $477,221Total liabilities
  • $372,445Total deposits
  • $477,221Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 34169.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $20,000Trading liabilities
  • $0Other borrowed funds
  • $4,842Subordinated debt
  • $44,481All other liabilities
  • $44,481Total equity capital
  • $44,481Total bank equity capital
  • $0Perpetual preferred stock
  • $3,792Common stock
  • $19,915Surplus
  • $20,774Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,366Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,366Income earned, not collected on loans
  • $0Earning assets
  • $2,661Long-term assets (5+ years)
  • $527,873Average Assets, year-to-date
  • $241,262Average Assets, quarterly
  • $567,726Volatile liabilities
  • $590,782Insider loans
  • $282,723FHLB advances
  • $566,216Loans and leases held for sale
  • $8,927Unused loan commitments
  • $8,927Tier 1 (core) risk-based capital
  • $39,519Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $59,404Restructured Loans and leases
  • $8,522Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $22,300Total interest income
  • $3,377Total interest expense
  • $18,923Net interest income
  • $892Provision for loan and lease losses
  • $3,215Total noninterest income
  • $0Fiduciary activities
  • $1,297Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,918Additional noninterest income
  • $17,221Total noninterest expense
  • $9,317Salaries and employee benefits
  • $3,178Premises and equipment expense
  • $4,726Additional noninterest expense
  • $4,025Pre-tax net operating income
  • $74Securities gains (losses)
  • $1,052Applicable income taxes
  • $3,047Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,047Net income attributable to bank
  • $0Net charge-offs
  • $3,047Cash dividends
  • $2,207Sale, conversion, retirement of capital stock, net
  • $361Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.36%Yield on earning assets
  • 0.66%Cost of funding earning assets
  • 3.70%Net interest margin
  • 0.63%Noninterest income to earning assets
  • 3.37%Noninterest expense to earning assets
  • 0.53%Net operating income to assets
  • 0.54%Return on assets (ROA)
  • 0.72%Pretax return on assets
  • 7.23%Return on equity (ROE)
  • 6.37%Retained earnings to average equity (YTD only)
  • 0.69%Net charge-offs to loans
  • 40.42%Credit loss provision to net charge-offs
  • 2.23%Efficiency ratio
  • 77,789Assets per employee
  • 3.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 11.85%Loss allowance to loans
  • 0.92%Loss allowance to noncurrent loans
  • 57.06%Noncurrent assets plus other real estate owned to assets
  • 1.04%Noncurrent loans to loans
  • 1.61%Net loans and leases to deposits
  • 69.02%Net loans and leases to core deposits
  • 72.14%Equity capital to assets
  • 7.66%Core capital (leverage) ratio
  • 6.98%Tier 1 risk-based capital ratio
  • 13.98%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $567,726Average earning assets
  • $42,168Average equity
  • $511,698Average loans

List of branches

  • 17 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    041214Adirondack Bank185 Genesee Street, Utica, NY 13501January 01, 1898Full Service Brick and Mortar
    100267044Cold Brook Plaza East Branch38 Hadjis Way, Lake Placid, NY 12946June 30, 1986Full Service Brick and Mortar
    101267045Utica Branch2817 Genesee Street, Utica, NY 13501Febuary 20, 1985Full Service Brick and Mortar
    102267046Old Forge Branch108 Codling Street, Old Forge, NY 13420October 15, 1990Full Service Brick and Mortar
    103267047Plattsburgh Branch448 Route 3, Plattsburgh, NY 12901May 03, 1993Full Service Brick and Mortar
    104267048Charlotte Street Branch804 Charlotte Street, Utica, NY 13501January 12, 1995Limited Service Facility
    105267049Oriskany Boulevard Branch136 Oriskany Boulevard, Whitesboro, NY 13492January 12, 1995Full Service Brick and Mortar
    106267050Church Street Extension Branch139 Church Street, Saranac Lake, NY 12983Febuary 01, 1995Limited Service Facility
    107267051Saranac Branch67 Main Street, Saranac Lake, NY 12983January 15, 1997Full Service Brick and Mortar
    109267053Boonville Branch13150 State Route 12, Boonville, NY 13309April 01, 1998Full Service Brick and Mortar
    110365210Mohawk Branch29 West Main Street, Mohawk, NY 13407January 07, 2002Full Service Brick and Mortar
    111419224Herkimer Branch214 North Washington Street, Herkimer, NY 13350April 14, 2003Full Service Brick and Mortar
    112423349Rome Branch1709 Black River Boulevard, Rome, NY 13440October 30, 2003Full Service Brick and Mortar
    113442384Little Falls Branch500 East Main Street, Little Falls, NY 13365July 01, 2004Full Service Brick and Mortar
    114442385Syracuse Branch120 East Washington Street, Syracuse, NY 13202January 01, 2005Full Service Brick and Mortar
    116235191Ilion Branch296 W. Main Street, Ilion, NY 13357October 01, 1959Full Service Brick and Mortar
    117452332Holland Patent Branch9576 Main Street, Holland Patent, NY 13354Febuary 27, 2006Full Service Brick and Mortar

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