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Overview / Commentary
45 South Main St
Fairport, NY 14450

Fairport Savings Bank is headquartered in Fairport and is the 111st largest bank in the state of New York. It is also the 2,684th largest bank in the nation. It was established in 1888 and as of March of 2014, it had grown to 74 employees at 5 locations. Fairport Savings Bank has a A health rating.

Reviews (1)

Avoid At All Costs

They are just as bad as the big banks with their fees. Be sure to check your account frequently before the fees start piling up. Or better yet switch to a credit union.


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 Fairport Savings Bank had $56,000 in non-current loans and owned real-estate with $17.09 million in equity and loan loss allowances on hand to cover it. This gives Fairport Savings Bank a Texas Ratio of 0.33% 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 Fairport Savings Bank experienced no significant changes from 0.01% as of March 31, 2013 to 0.33% as of March 31, 2014, resulting in a negative change of 5,659.61%. This indicates that the balance sheet and financial strength for Fairport Savings Bank has had no significant changes in recent periods.

Deposit Growth


In the past year, Fairport Savings Bank has increased its total deposits by $15.73 million, resulting in 9.66% 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 Fairport Savings 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. Fairport Savings Bank has $236.63 million in assets with $17.09 million in equity, resulting in a capitalization level of 7.22%, which is below average.

Institution Statistics

FDIC Certificate #30056
Year Established1888
Primary RegulatorFDIC
Assets and Liabilities
Assets$236.63 million
Loans$180.60 million
Deposits$178.44 million
Equity Capital$16.53 million
Loan Loss Allowance$556,000
Unbacked Noncurrent Loans$56,000
Real Estate Owned$0
Historic Data - March 2013
Assets$213.40 million
Equity Capital$17.12 million
Loan Loss Allowance$458,000
Unbacked Noncurrent Loans$56,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.09%
Return on Assets0.13%
Return on Equity1.82%
Interest Income$2.19 million
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Fairport Savings Bank Savings Account Rates

0.05%$50-Regular Savings
0.05%--SuperStar Savings
0.05%--Holiday Club

Fairport Savings Bank Money Market Rates

0.25%$50k-Money Market

Fairport Savings Bank CD Rates

1.10%$500-17 Month CD Special
0.75%$500-60 Month Flexible CD
0.60%$500-11 Month CD Special
0.60%$500-48 Month Flexible CD
0.35%$500-36 Month Flexible CD
0.20%$500-18 Month Flexible CD
0.20%$500-24 Month Flexible CD
0.10%$500-6 Month CD
0.10%$500-12 Month Flexible CD
0.05%$500-3 Month CD

Fairport Savings Bank IRA Rates

0.75%$500-60 Month Flexible IRA
0.60%$500-48 Month Flexible IRA
0.35%$500-36 Month Flexible IRA
0.20%$500-18 Month Flexible IRA
0.20%$500-24 Month Flexible IRA
0.20%$500-18 Month Easy Saver Variable Rate IRA
0.10%$500-12 Month Flexible IRA

Fairport Savings Bank Locations
Webster Branch1075 Ridge Road , East Suite 100Webster, NY 14580
Irondequoit Branch2118 Hudson AvenueRochester, NY 14617
Nine Mile Point Road Branch2163 Nine Mile Point RoadFairport, NY 14450
Fairport Savings Bank45 South Main StFairport, NY 14450
Perinton Branch6797 Pittsford Palmyra RoadFairport, NY 14450