The Adirondack Trust Company in Saratoga Springs, New York (NY)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Adirondack Trust Company - Overview

  • General
  • FDIC Certificate #: 660
    Status: Active
    Federal Reserve ID: 645317
    Bank Holding Company (Regulatory Top Holder): Adirondack Trust Company Employee Stock Ownership Trust, The (RSSDID: 3138267, Location: Saratoga Springs, NY)
    Date Established: January 01, 1901
    WWW: http://www.adirondacktrust.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 11 (Domestic: 11, Interstate: No)
    FDIC's unique #: 432
    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 01, 1934
    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: 473 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: $909.1 mil
    Equity capital: $100.6 mil
    Deposits held in domestic offices: $791.5 mil
    Return on assets (ROA): 1.03% ($9.4 mil)
    Quarterly return on assets: 1.04% ($9.5 mil)
    Return on Equity (ROE): 9.60% ($9.7 mil)
    Quarterly return on equity: 9.50% ($9.6 mil)
    Net income: $9.4 mil
    Quarterly Net income: $2.4 mil
    Pretax return on assets: 1.43% ($12,999.6 mil)
    Quarterly Pretax return on assets: 1.45% ($13,181.4 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
  • 248Total employees (full-time equivalent)
  • $909,063Total assets
  • $131,949Cash and due from depository institutions
  • $109,048Interest-bearing balances
  • $249,205Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $463,093Net loans & leases
  • $9,258Loan loss allowance
  • $0Trading account assets
  • $23,953Bank premises and fixed assets
  • $3,172Other real estate owned
  • $22,246Goodwill and other intangibles
  • $909,063Life insurance assets
  • $15,445All other assets
  • $808,367Total liabilities and capital
  • $791,512Total liabilities
  • $623,720Total deposits
  • $791,512Interest-bearing deposits
  • $69Deposits held in domestic offices
  • 4027.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $14Trading liabilities
  • $0Other borrowed funds
  • $12,814Subordinated debt
  • $100,696All other liabilities
  • $100,639Total equity capital
  • $100,639Total bank equity capital
  • $0Perpetual preferred stock
  • $3,820Common stock
  • $6,537Surplus
  • $90,282Undivided profits
  • Memoranda
  • $57Noncurrent loans and leases
  • $702Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,324Income earned, not collected on loans
  • $0Earning assets
  • $2,730Long-term assets (5+ years)
  • $821,346Average Assets, year-to-date
  • $123,784Average Assets, quarterly
  • $909,729Volatile liabilities
  • $920,859Insider loans
  • $488,412FHLB advances
  • $907,803Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $81,849Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $123,090Restructured Loans and leases
  • $30,143Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $29,862Total interest income
  • $3,766Total interest expense
  • $26,096Net interest income
  • $220Provision for loan and lease losses
  • $17,435Total noninterest income
  • $1,888Fiduciary activities
  • $1,504Service charges on deposit accounts
  • $0Trading account gains & fees
  • $14,043Additional noninterest income
  • $34,357Total noninterest expense
  • $19,274Salaries and employee benefits
  • $6,129Premises and equipment expense
  • $8,954Additional noninterest expense
  • $8,954Pre-tax net operating income
  • $4,084Securities gains (losses)
  • $3,641Applicable income taxes
  • $9,397Income before extraordinary items
  • $0Extraordinary gains - net
  • $9,397Net income attributable to bank
  • $0Net charge-offs
  • $9,397Cash dividends
  • $220Sale, conversion, retirement of capital stock, net
  • $3,590Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.62%Yield on earning assets
  • 0.46%Cost of funding earning assets
  • 3.17%Net interest margin
  • 2.11%Noninterest income to earning assets
  • 4.17%Noninterest expense to earning assets
  • 0.71%Net operating income to assets
  • 1.03%Return on assets (ROA)
  • 1.43%Pretax return on assets
  • 9.60%Return on equity (ROE)
  • 5.93%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • 41.70%Efficiency ratio
  • 77,855Assets per employee
  • 3.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 38.20%Loss allowance to loans
  • 1.96%Loss allowance to noncurrent loans
  • 278.52%Noncurrent assets plus other real estate owned to assets
  • 0.71%Noncurrent loans to loans
  • 0.70%Net loans and leases to deposits
  • 58.51%Net loans and leases to core deposits
  • 60.48%Equity capital to assets
  • 11.07%Core capital (leverage) ratio
  • 9.02%Tier 1 risk-based capital ratio
  • 16.76%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $909,729Average earning assets
  • $97,923Average equity
  • $824,392Average 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
  • $254,111Managed Assets
  • 1Number of Accounts
  • $249,324Personal trust and agency accounts
  • $37,018Employee benefit-defined contribution accounts
  • $14,469Employee benefit-defined benefit accounts
  • $27,938Other retirement accounts
  • $43,300Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $126,599Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 804Number of Accounts
  • $0Personal trust and agency accounts
  • $43,300Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $4,787Other retirement accounts
  • $0Corporate trust and agency accounts
  • $4,787Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 11 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0432The Adirondack Trust Company473 Broadway, Saratoga Springs, NY 12866January 01, 1901Full Service Brick and Mortar
    1183958West Church BranchChurch Street, Saratoga Springs, NY 12866September 09, 1972Full Service Brick and Mortar
    2183959Malta BranchRoute 9, Malta, NY 12020June 01, 1974Full Service Brick and Mortar
    5183961112 Broadway Branch112 Broadway, Saratoga Springs, NY 12866July 28, 1990Full Service Brick and Mortar
    6183962Wilton Branch650 Maple Avenue, Wilton, NY 12866Febuary 01, 1991Full Service Brick and Mortar
    7183963Northline Road Branch162 Northline Road, Saratoga Springs, NY 12020May 23, 1998Full Service Brick and Mortar
    8183964Exit 15 Branch3017 Route 50, Saratoga Springs, NY 12866September 14, 1998Full Service Brick and Mortar
    9364615Glens Falls Branch24 Maple Street, Glens Falls, NY 12801May 01, 2002Full Service Brick and Mortar
    10430915Ballston Spa Branch224 Church Avenue, Ballston Spa, NY 12020June 09, 2004Full Service Brick and Mortar
    11442324Prestwick Chase Branch100 Saratoga Blvd, Middle Grove, NY 12850August 23, 2004Full Service Retail
    12510548Queensbury Office Branch376 Bay Road, Queensbury, NY 12804June 15, 2010Full Service Brick and Mortar

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