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518-943-2600
425 Main Street
Catskill, NY 12414

The Bank of Greene County is headquartered in Catskill and is the 62nd largest bank in the state of New York. It is also the 969th largest bank in the nation. It was established in 1974 and as of March of 2014, it had grown to 126 employees at 13 locations. The Bank of Greene County's savings rates are 8X the national average, and it has a B+ health rating.

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Reviews (1)

The Bank Of Greene County (A Community Bank) Is The Way To Go !

I have had many accounts over the years with numberous banks, nearly all of which were held at large national banks such as B of A and Citizens Bank.

I stumbled upon The Bank of Greene County due to a friend and never thought I would bank there, just hadn't crossed my mind as an option I guess.

Not only did I get a free IPOD during the IPOD promo give-away, The Bank of Greene County gives me 5.00% on my checking and savings account(s) up to a total balance of 1000.00 per account (allowed to have 4). Free checking accounts at many national banks are starting to vanish, but not at Greene County - still completely free.

In addition to a totally free account that earns 5.00% interest, I also earn hundreds of bonus points through the VISA rewards program associated with my debit card  that Greene County participates in. I earn 100 points for each account, and for things like direct deposit, using online banking, bill pay, etc - up to a total of 1000 bonus points per month on top of points for using my debit card.

The only downside is there aren't many branches in my area but all in all, its a very rewarding relationship and I'm glad I came across The Bank of Greene County -



Health

Data for Q1 2014

Institution Health

B+

Texas Ratio

GRADE:
A

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 The Bank of Greene County had $6.8 million in non-current loans and owned real-estate with $64 million in equity and loan loss allowances on hand to cover it. This gives The Bank of Greene County a Texas Ratio of 10.62% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B

The Texas Ratio for The Bank of Greene County decreased slightly from 12.39% as of March 31, 2013 to 10.62% as of March 31, 2014, resulting in a positive change of 14.27%.This indicates that the balance sheet and financial strength for The Bank of Greene County has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, The Bank of Greene County has increased its total deposits by $34.66 million, resulting in 5.88% 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 The Bank of Greene County has shown is excellent.

Capitalization

GRADE:
C+

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. The Bank of Greene County has $700.64 million in assets with $64 million in equity, resulting in a capitalization level of 9.13%, which is average.

Institution Statistics

Overall
FDIC Certificate #21591
Year Established1974
Employees126
Primary RegulatorOCC
Assets and Liabilities
Assets$700.64 million
Loans$392.67 million
Deposits$624.60 million
Equity Capital$56.65 million
Loan Loss Allowance$7.34 million
Unbacked Noncurrent Loans$6.08 million
Real Estate Owned$716,000
Historic Data - March 2013
Assets$650.96 million
Equity Capital$53.43 million
Loan Loss Allowance$6.92 million
Unbacked Noncurrent Loans$6.08 million
Real Estate Owned$435,000
Profit Margin - Quarterly
Net Interest Margin3.34%
Return on Assets0.9%
Return on Equity10.78%
Interest Income$6.00 million
Rates

Always verify rates and promotions with the bank or credit union. We are not The Bank of Greene County, we are a rate comparison website and can not provide official rates or promotions.

The Bank of Greene County Savings Account Rates

DetailsAPYMINMAXPRODUCT
4.00%-$1ke-Savings
4.00%-$100Student e-Next Generation Savings
0.50%--Risk Free IRA Savings
0.40%--e-Holiday Savings Club
0.30%$25k-More Yield Passbook Savings Account
0.30%$25k-More Yield Statement Savings Account
0.25%--Student Savings - Passbook
0.25%--Statement Holiday Savings Club
0.25%--Passbook Holiday Savings Club
0.20%--Statement Savings
0.20%--Passbook Savings

The Bank of Greene County Money Market Rates

DetailsAPYMINMAXPRODUCT
0.35%$25k-Money Market
0.35%$50k-Business Money Market

The Bank of Greene County Checking Account Rates

DetailsAPYMINMAXPRODUCT
4.00%-$1kFree e-Checking Account
0.35%$50k-Premier Checking Account
0.25%$500k-Business One Checking Account
0.10%--Green Plus Nifty Fifty Club
0.05%--Green Plus Now Checking

The Bank of Greene County CD Rates

DetailsAPYMINMAXPRODUCT
1.25%$1k-5 Year 5-Star CD
0.85%$1k-3 Year Triple Protection CD
0.60%$1k-20 Month Relationship CD-with active Checking Account
0.50%$1k-4 Year CD
0.45%$1k-3 Year CD
0.35%$1k-2 1/2 Year CD
0.30%$1k-6 Month Relationship CD-with active checking account
0.30%$1k-20 Month CD
0.25%$1k-1 Year CD
0.25%$1k-18 Month CD
0.25%$1k-2 Year CD
0.10%$1k-6 Month CD
0.05%$1k-5 Month CD
0.05%$1k-7 Month CD
0.05%$1k-8 Month CD
0.05%$1k-9 Month CD
0.05%$1k-15 Month CD

The Bank of Greene County IRA Rates

DetailsAPYMINMAXPRODUCT
0.50%$500-4 Year IRA CD
0.45%$500-3 Year IRA CD
0.35%$500-2 1/2 Year IRA CD
0.30%$500-20 Month IRA CD
0.30%$500-6 Month Relationship IRA-with active checking account
0.25%$500-1 Year IRA CD
0.25%$500-18 Month IRA CD
0.25%$500-2 Year IRA CD
0.10%$500-6 Month IRA CD
0.05%$500-5 Month IRA CD
0.05%$500-7 Month IRA CD
0.05%$500-8 Month IRA CD
0.05%$500-9 Month IRA CD
0.05%$500-15 Month IRA CD
Locations

The Bank of Greene County has 13 locations. Click to view all The Bank of Greene County locations.