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222 Genesee Street
Utica, NY 13502

Bank of Utica is headquartered in Utica and is the 49th largest bank in the state of New York. It is also the 697th largest bank in the nation. It was established in 1927 and as of March of 2014, it had grown to 38 employees at 1 location. Bank of Utica's savings rates are 92% higher than the national average, and it boasts a A+ health rating.

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It's local deposits only, so it doesn't apply to about 99% of those interested.


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 Bank of Utica had $5.36 million in non-current loans and owned real-estate with $172.43 million in equity and loan loss allowances on hand to cover it. This gives Bank of Utica a Texas Ratio of 3.11% 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 Bank of Utica experienced no significant changes from 2.65% as of March 31, 2013 to 3.11% as of March 31, 2014, resulting in a negative change of 17.11%. This indicates that the balance sheet and financial strength for Bank of Utica has had no significant changes in recent periods.

Deposit Growth


In the past year, Bank of Utica has increased its total deposits by $51.35 million, resulting in 7.08% 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 Bank of Utica 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. Bank of Utica has $969.38 million in assets with $172.43 million in equity, resulting in a capitalization level of 17.79%, which is excellent.

Institution Statistics

FDIC Certificate #13397
Year Established1927
Primary RegulatorFDIC
Assets and Liabilities
Assets$969.38 million
Loans$49.21 million
Deposits$776.60 million
Equity Capital$169.47 million
Loan Loss Allowance$2.95 million
Unbacked Noncurrent Loans$5.36 million
Real Estate Owned$0
Historic Data - March 2013
Assets$918.74 million
Equity Capital$153.26 million
Loan Loss Allowance$1.29 million
Unbacked Noncurrent Loans$5.36 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin2.07%
Return on Assets0.94%
Return on Equity5.34%
Interest Income$6.69 million

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Bank of Utica Savings Account Rates

1.00%--Health Savings Account
0.50%--Christmas Club Account
0.40%$250-Statement Savings Account

Bank of Utica Money Market Rates

0.35%$1k-Personal MMA Account
0.35%--IRA MMA Account
0.35%$1k-Business MMA Account
0.35%$1k-Municipal MMA Account

Bank of Utica Checking Account Rates

0.25%$500-Personal Checking
0.25%--Business Checking
0.25%$500-Tax-Exempt Checking
0.25%--Municipal Checking

Bank of Utica CD Rates

2.00%$500-5 Year CD
1.60%$500-4 Years Up to 5 Year CD
1.30%$500-3 Year Up to 4 Year CD
0.75%$500$100k2 Years Up to 3 Year CD
0.50%$500$100k1 Year Up to 2 Year CD
0.40%$2,500-6 Month Up to 1 Year CD
0.35%$5k-3 Month Up to 6 Month CD
0.25%$10k-1 Month Up to 3 Month CD

Bank of Utica IRA Rates

2.00%$500-5 Year IRA
1.60%$500-4 Year up to 5 Year IRA
1.30%$500-3 Year up to 4 Year IRA
0.75%$500-2 Year up to 3 Year IRA
0.50%$500-1 Year up to 2 Year IRA

Bank of Utica Locations
Bank Of Utica222 Genesee StreetUtica, NY 13502