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185 Genesee Street
Utica, NY 13501

Adirondack Bank is headquartered in Utica and is the 64th largest bank in the state of New York. It is also the 984th largest bank in the nation. It was established in 1898 and as of March of 2014, it had grown to 162 employees at 18 locations. Adirondack Bank's savings rates are 92% higher than the national average, and it has a B+ health rating.

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Adirondack Bank eCo Checking Earns 3.04% - 7/17/2014

Adirondack Bank's eCo Checking earns 3.04% on balances up to $25K, with both Direct Deposit and debit card transactions required. Meeting one requirement earns 1.51%.

Reviews (3)

Must Open Account In Person

I inquired about opening an account, and received an e-mail back saying you must open the account in person, and they only have branches in the upstate New York area.

Adirondack Bank Is Incompetent.

I'm unable to do the only thing I've tried, a simple monthly transfer.CAN'T be done at the bank ! Phone help in Utica was unable to get it to work. Bottom line is the bank can't do the simplest thing. After over one month and hours of screwing around I give up. I'm closing the account and moving across the street. I am very very disappointed. I wish there was some way for me to charge you for all the wasted time and effort. The person I was trying to send to is now charged a $30 late fee. I don't expect you to pay it. But you certainly should. Note that there is also a $147.00 negative service charge against Adirondack Bank which I also don't expect to get. Come to think of it, I don't expect ANYTHING from this bank.

Horrible Service And No Accountability

Two reasons I am unhappy with Adirondack Bank. First, I deposited $400 cash right before a trip, and asked specifically that it was available immediately. I was told with cash it would be available. I was covering a motel room at 11pm in a different state and had no money??? I had to use the cash I had on me, and called the next day only to be told They could do nothing until Monday. When I returned I was informed that the computer entered $4.00 instead of 400.00. I would say if the books did not balance at the end of the day it should have been fixed then. Second reason is I went to deposit a payroll check, and found I was over-drafted by $60.00, and was told they would need to hold the check because of this. It was a $1061.00 check!!! I was depositing more than what was over, and have been a customer for over 10 years. What a way to treat the customer. I will be banking somewhere else now!! Rome ,NY and Boonville, NY branches need to get a clue !!! I have heard of many of these issues as of late and even as I waited in line heard of a problem, and the teller saying don't leave our bank we are really good. Oh well !!! there are lots of banks competing for business, must be ADirondack doesn't need it.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Adirondack Bank had $4.95 million in non-current loans and owned real-estate with $52.28 million in equity and loan loss allowances on hand to cover it. This gives Adirondack Bank a Texas Ratio of 9.47% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Adirondack Bank experienced no significant changes from 10.00% as of March 31, 2013 to 9.47% as of March 31, 2014, resulting in a positive change of 5.34%.This indicates that the balance sheet and financial strength for Adirondack Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Adirondack Bank has increased its total deposits by $74.29 million, resulting in 14.46% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Adirondack Bank has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Adirondack Bank has $691.48 million in assets with $52.28 million in equity, resulting in a capitalization level of 7.56%, which is below average.

Institution Statistics

FDIC Certificate #28380
Year Established1898
Primary RegulatorFED
Assets and Liabilities
Assets$691.48 million
Loans$413.11 million
Deposits$587.87 million
Equity Capital$49.23 million
Loan Loss Allowance$3.04 million
Unbacked Noncurrent Loans$4.31 million
Real Estate Owned$643,000
Historic Data - March 2013
Assets$618.69 million
Equity Capital$49.14 million
Loan Loss Allowance$3.50 million
Unbacked Noncurrent Loans$4.31 million
Real Estate Owned$198,000
Profit Margin - Quarterly
Net Interest Margin3.25%
Return on Assets0.21%
Return on Equity2.87%
Interest Income$5.61 million

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Adirondack Bank Savings Account Rates

1.00%$500-Attorney / Escrow
0.20%$10k-Health Savings Account
0.20%$2,500-Business Savings
0.20%$100k-Business Prime
0.20%$100-Municipal Savings
0.20%$1m-Municipal Prime
0.20%$250-Funeral Trust
0.20%$100k-Loyalty Savings
0.10%--Adirondack Children's Savings
0.10%--Holiday Club
0.10%--Tenant / Landlord
0.05%$100-Hometown Savings

Adirondack Bank Money Market Rates

0.20%$100k-Business Money Market
0.15%$50k-Municipal Money Market
0.15%$50k-Loyalty Money Market

Adirondack Bank Checking Account Rates

3.04%-$25keCo Checking - 2 Qualifiers
1.51%-$25keCo Checking - 1 Qualifiers
0.20%$500-Municipal Now Checking
0.20%$300k-Loyalty Checking
0.15%$50k-Super Now Business
0.05%$1k-Now Business
0.05%$25k-eCo Checking - $25K +

Adirondack Bank CD Rates

0.80%$1k-5 Year or More CD
0.55%$1k-4 Year to less than 5 Year CD
0.50%$1k-3 Year to less than 4 Year CD
0.30%$1k-2 Year to less than 3 Year CD
0.20%$1k-1 Year to less than 18 Month CD
0.20%$1k-18 Month to less than 2 Year CD
0.10%$1k-6 Month to less than 1 Year CD
0.05%$1k-3 Month to less than 6 Month CD

Adirondack Bank has 18 locations. Click to view all Adirondack Bank locations.