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Overview / Commentary
585-249-1540
3380 Monroe Avenue
Rochester, NY 14618

Genesee Regional Bank is headquartered in Rochester and is the 86th largest bank in the state of New York. It is also the 1,619st largest bank in the nation. It was established in 1985 and as of March of 2014, it had grown to 90 employees at 3 locations. Genesee Regional Bank's money market rates are 59% higher than the national average, and it has a B+ health rating.

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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 Genesee Regional Bank had $3.17 million in non-current loans and owned real-estate with $34.6 million in equity and loan loss allowances on hand to cover it. This gives Genesee Regional Bank a Texas Ratio of 9.15% 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 Genesee Regional Bank decreased slightly from 11.86% as of March 31, 2013 to 9.15% as of March 31, 2014, resulting in a positive change of 22.82%.This indicates that the balance sheet and financial strength for Genesee Regional Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Genesee Regional Bank has increased its total deposits by $59.56 million, resulting in 18.53% 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 Genesee Regional Bank 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. Genesee Regional Bank has $413.9 million in assets with $34.6 million in equity, resulting in a capitalization level of 8.36%, which is average.

Institution Statistics

Overall
FDIC Certificate #26333
Year Established1985
Employees90
Primary RegulatorFDIC
Assets and Liabilities
Assets$413.91 million
Loans$247.93 million
Deposits$381.00 million
Equity Capital$32.21 million
Loan Loss Allowance$2.39 million
Unbacked Noncurrent Loans$3.17 million
Real Estate Owned$0
Historic Data - March 2013
Assets$352.60 million
Equity Capital$30.29 million
Loan Loss Allowance$2.07 million
Unbacked Noncurrent Loans$3.17 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.56%
Return on Assets0.75%
Return on Equity9.34%
Interest Income$3.81 million
Rates

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

Genesee Regional Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%$25k-Health Savings Account
0.10%$100-Statement Savings
0.10%$25-Statement Junior Savings

Genesee Regional Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.70%--Elite Money Market
0.55%$50k-Money Market Account

Genesee Regional Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.60%$100k-Elite Checking
0.10%$2,500-Business Checking with Interest
0.10%$1k-NOW Account
0.10%$50-College Checking

Genesee Regional Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$500-60 Month Elite CD
0.98%$500-36 Month Variable CD
0.98%$500-36 Month Variable Elite CD
0.95%$500-48 - 59 Month Elite CD
0.90%$500-36 - 47 Month Elite CD
0.85%$500-30 - 35 Month Elite CD
0.75%$500-60 Month CD
0.75%$500-24 - 29 Month Elite CD
0.70%$500-48 - 59 Month CD
0.70%$500-18 - 23 Month Elite CD
0.65%$500-36 - 47 Month CD
0.65%$500-24 Month Variable CD
0.65%$500-12 - 17 Month Elite CD
0.65%$500-24 Month Variable Elite CD
0.60%$500-30 - 35 Month CD
0.55%$500-6 - 11 Month Elite CD
0.50%$500-24 - 29 Month CD
0.50%$500-7 - 31 Day Elite CD
0.50%$500-32 - 150 Day Elite CD
0.45%$500-18 - 23 Month CD
0.40%$500-12 - 17 Month CD
0.30%$500-6 - 11 Month CD
0.25%$500-7 - 31 Day CD
0.25%$500-32 - 150 Day CD
Locations


Genesee Regional Bank Locations
Linden Oaks Branch190 Linden Oaks Drive, Suite BRochester, NY 14625
Greece Branch2300 West Ridge RoadRochester, NY 14626
Genesee Regional Bank3380 Monroe AvenueRochester, NY 14618