Saratoga National Bank and Trust in Saratoga Springs, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


Saratoga National Bank and Trust - Overview

  • General
  • FDIC Certificate #: 27290
    Status: Active
    Federal Reserve ID: 1211371
    Bank Holding Company (Regulatory Top Holder): Arrow Financial Corporation (RSSDID: 1048812, Location: Glens Falls, NY)
    Date Established: July 01, 1988
    WWW: http://www.saratoganational.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 13934
    FDIC's unique #: 39437
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Consumer Lending Specialization
    Date of Deposit Insurance: July 01, 1988
    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: 139 Broadway, Saratoga Springs, NY 12866
    County: Saratoga
    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): Albany-Schenectady-Troy, NY (#160)
    Combined Statistical Area (CSA): Albany-Schenectady-Amsterdam, NY (#104)
    Core Based Statistical Area (CBSA): Albany-Schenectady-Troy, NY (#10580)
    CBSA Metro Statistical Area: Albany-Schenectady-Troy, NY (#10580)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $295.6 mil
    Equity capital: $28.4 mil
    Deposits held in domestic offices: $255.4 mil
    Return on assets (ROA): 1.11% ($3.3 mil)
    Quarterly return on assets: 1.21% ($3.6 mil)
    Return on Equity (ROE): 11.84% ($3.3 mil)
    Quarterly return on equity: 12.68% ($3.6 mil)
    Net income: $3.3 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 1.79% ($5,292.0 mil)
    Quarterly Pretax return on assets: 1.95% ($5,765.1 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
  • 39Total employees (full-time equivalent)
  • $295,645Total assets
  • $9,341Cash and due from depository institutions
  • $3,823Interest-bearing balances
  • $65,061Securities
  • $9,393Federal funds sold & reverse repurchase agreements
  • $202,111Net loans & leases
  • $2,739Loan loss allowance
  • $0Trading account assets
  • $3,788Bank premises and fixed assets
  • $0Other real estate owned
  • $1,639Goodwill and other intangibles
  • $295,645Life insurance assets
  • $4,312All other assets
  • $267,253Total liabilities and capital
  • $255,421Total liabilities
  • $231,482Total deposits
  • $255,421Interest-bearing deposits
  • $76Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $1,832Subordinated debt
  • $28,392All other liabilities
  • $28,392Total equity capital
  • $28,392Total bank equity capital
  • $0Perpetual preferred stock
  • $2,850Common stock
  • $2,589Surplus
  • $22,953Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $277Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,142Income earned, not collected on loans
  • $0Earning assets
  • $777Long-term assets (5+ years)
  • $280,388Average Assets, year-to-date
  • $128,166Average Assets, quarterly
  • $295,977Volatile liabilities
  • $296,307Insider loans
  • $198,780FHLB advances
  • $293,824Loans and leases held for sale
  • $1,332Unused loan commitments
  • $789Tier 1 (core) risk-based capital
  • $27,365Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $543Total unused commitments
  • $33,153Restructured Loans and leases
  • $3,468Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,707Total interest income
  • $2,607Total interest expense
  • $9,100Net interest income
  • $125Provision for loan and lease losses
  • $1,474Total noninterest income
  • $281Fiduciary activities
  • $316Service charges on deposit accounts
  • $0Trading account gains & fees
  • $877Additional noninterest income
  • $5,160Total noninterest expense
  • $1,985Salaries and employee benefits
  • $710Premises and equipment expense
  • $2,465Additional noninterest expense
  • $5,289Pre-tax net operating income
  • -$1Securities gains (losses)
  • $1,995Applicable income taxes
  • $3,293Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,293Net income attributable to bank
  • $0Net charge-offs
  • $3,293Cash dividends
  • $52Sale, conversion, retirement of capital stock, net
  • $2,200Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.17%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 3.24%Net interest margin
  • 0.53%Noninterest income to earning assets
  • 1.84%Noninterest expense to earning assets
  • 1.11%Net operating income to assets
  • 1.11%Return on assets (ROA)
  • 1.79%Pretax return on assets
  • 11.84%Return on equity (ROE)
  • 3.93%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 240.38%Credit loss provision to net charge-offs
  • 104.12%Efficiency ratio
  • 48,194Assets per employee
  • 7.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 66.81%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 127.87%Noncurrent assets plus other real estate owned to assets
  • 0.72%Noncurrent loans to loans
  • 1.05%Net loans and leases to deposits
  • 79.13%Net loans and leases to core deposits
  • 81.86%Equity capital to assets
  • 9.60%Core capital (leverage) ratio
  • 9.31%Tier 1 risk-based capital ratio
  • 13.77%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $295,977Average earning assets
  • $27,812Average equity
  • $280,621Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $47,609Managed Assets
  • 1Number of Accounts
  • $45,425Personal trust and agency accounts
  • $6,304Employee benefit-defined contribution accounts
  • $12,006Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $7,035Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $20,080Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 128Number of Accounts
  • $0Personal trust and agency accounts
  • $6,414Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,184Other retirement accounts
  • $0Corporate trust and agency accounts
  • $1,481Other fiduciary accounts
  • $703Fiduciary accounts held in foreign offices

List of branches

  • 6 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    039437Saratoga National Bank And Trust139 Broadway, Saratoga Springs, NY 12866July 01, 1988Full Service Brick and Mortar
    2261514Wilton Branch3 Carpenter Lane & Route 9, Wilton, NY 12831May 06, 1991Full Service Brick and Mortar
    3363246The West Avenue Office Branch91 West Avenue, Saratoga Springs, NY 12866January 02, 2002Full Service Brick and Mortar
    4215121Corinth Branch238 Main Street, Corinth, NY 12822November 15, 1934Full Service Brick and Mortar
    5447864Jones Road BranchJones Road And Route 50, Wilton, NY 12831January 03, 2006Full Service Brick and Mortar
    6466244Ballard Road BranchBallard & Traver Road, Wilton, NY 12831April 02, 2007Full Service Retail

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