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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 90th largest bank in the state of New York. It is also the 1,734th largest bank in the nation. It was established in 1985 and as of December of 2013, it had grown to 94 employees at 3 locations. Genesee Regional Bank's money market rates are 25% higher than the national average, and it has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Genesee Regional Bank had $3.17 million in non-current loans and owned real-estate with $34.05 million in equity and loan loss allowances on hand to cover it. This gives Genesee Regional Bank a Texas Ratio of 9.32% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Genesee Regional Bank experienced no significant changes from 10.05% as of December 31, 2012 to 9.32% as of December 31, 2013, resulting in a positive change of 7.32%.This indicates that the balance sheet and financial strength for Genesee Regional Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Genesee Regional Bank has increased its total deposits by $35.74 million, resulting in 11.76% 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 $377.82 million in assets with $34.05 million in equity, resulting in a capitalization level of 9.01%, which is average.

Institution Statistics

Overall
FDIC Certificate #26333
Year Established1985
Employees94
Primary RegulatorFDIC
Assets and Liabilities
Assets$377.82 million
Loans$231.26 million
Deposits$339.72 million
Equity Capital$31.80 million
Loan Loss Allowance$2.25 million
Unbacked Noncurrent Loans$3.17 million
Real Estate Owned$0
Historic Data - December 2012
Assets$334.78 million
Equity Capital$29.76 million
Loan Loss Allowance$1.94 million
Unbacked Noncurrent Loans$3.17 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.71%
Return on Assets1.04%
Return on Equity12.12%
Interest Income$14.37 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
0.55%$50k-Money Market Account

Genesee Regional Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.60%$150k-Super NOW
0.10%$2,500-Business Checking with Interest
0.10%$1k-Now Account
0.10%$50-College Checking

Genesee Regional Bank CD Rates

DetailsAPYMINMAXPRODUCT
0.98%$500-36 Month Variable CD
0.75%$500-60 Month CD
0.70%$500-48 - 59 Month CD
0.65%$500-36 - 47 Month CD
0.65%$500-24 Month Variable CD
0.60%$500-30 - 35 Month CD
0.50%$500-24 - 29 Month 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