Major Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to a Fair overall stability index (4.9 on a scale of 0 to 10). Operating profits as a percentage of assets at 0.5%, coupled with a return on assets of 0.5 has resulted in Weak (3.0) profitability.
Other Rating Factors:
Good current capitalization (6.5 on a scale of 0 to 10) based on a risk-based capital ratio of 17.9 and a capital leverage ratio of 8.5. A current level of 5.0 percent of nonperforming loans to core capital combined with 13.2 percent from a year earlier contributes to the Good asset quality (5.5).
Asset Mix:
Home mtgs (28%), securities (27%), comm re (15%), comm loans (12%), home eq lns (3%), cash (2%), consumer loans (1%), other (13%)
States with Branches:
NY
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Adirondack Bancorp, Inc.
Investment Rating
--
Address
185 Genesee Street
Utica, NY 13501
Utica, NY 13501
Phone Number
(315) 798-4039
Year Founded
1898
FDIC Number
Website
Largest Affiliates
No affiliate information available.