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Overview / Commentary
211 Erie Boulevard
Canajoharie, NY 13317

Patriot Federal Bank is headquartered in Canajoharie and is the 144th largest bank in the state of New York. It is also the 4,484th largest bank in the nation. It was established in 2005 and as of March of 2014, it had grown to 29 employees at 3 locations. Patriot Federal Bank has a A health rating.

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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 Patriot Federal Bank had $1.44 million in non-current loans and owned real-estate with $12.06 million in equity and loan loss allowances on hand to cover it. This gives Patriot Federal Bank a Texas Ratio of 11.95% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Patriot Federal Bank decreased dramatically from 24.65% as of March 31, 2013 to 11.95% as of March 31, 2014, resulting in a positive change of 51.50%.This indicates that the balance sheet and financial strength for Patriot Federal Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Patriot Federal Bank has increased its total deposits by $4.8 million, resulting in 5.62% 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 Patriot Federal 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. Patriot Federal Bank has $110.3 million in assets with $12.06 million in equity, resulting in a capitalization level of 10.94%, which is above average.

Institution Statistics

FDIC Certificate #58077
Year Established2005
Primary RegulatorOCC
Assets and Liabilities
Assets$110.30 million
Loans$73.37 million
Deposits$90.19 million
Equity Capital$11.02 million
Loan Loss Allowance$1.05 million
Unbacked Noncurrent Loans$1.40 million
Real Estate Owned$40,000
Historic Data - March 2013
Assets$99.25 million
Equity Capital$8.72 million
Loan Loss Allowance$930,000
Unbacked Noncurrent Loans$1.40 million
Real Estate Owned$254,000
Profit Margin - Quarterly
Net Interest Margin3.51%
Return on Assets0.05%
Return on Equity0.51%
Interest Income$1.06 million

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Patriot Federal Bank Savings Account Rates

0.15%$20k-Statement Savings
0.15%--Vacation Club
0.15%--Christmas Club
0.10%--Passbook Savings

Patriot Federal Bank Money Market Rates

0.30%$75k-Money Market

Patriot Federal Bank Checking Account Rates

2.02%-$25kStars & Swipes - Qualifying
0.15%--Revolution Checking
0.10%--Independence Checking
0.10%--Stars & Swipes - Non Qualifying

Patriot Federal Bank CD Rates

1.55%$500-7 Year CD
1.20%$500-5 Year CD
1.00%$500-23 Month CD
0.90%$500-4 Year CD
0.85%$500-3 Year CD
0.65%$500-11 Month CD
0.55%$500-2 Year CD
0.50%$500-18 Month CD
0.45%$500-12 Month CD
0.45%$500-30 Month CD
0.30%$500-6 Month CD

Patriot Federal Bank IRA Rates

1.55%$500-7 Year IRA CD
1.20%$500-5 Year IRA CD
1.00%$500-23 Month IRA CD
0.90%$500-4 Year IRA CD
0.85%$500-3 Year IRA CD
0.65%$500-11 Month IRA CD
0.55%$500-2 Year IRA CD
0.50%$500-18 Month IRA CD
0.45%$500-12 Month IRA CD
0.45%$500-30 Month IRA CD
0.30%$500-6 Month IRA CD

Patriot Federal Bank Locations
Patriot Federal Bank211 Erie BoulevardCanajoharie, NY 13317
Johnstown Branch311 North Comrie Ave.Johnstown, NY 12095
Amsterdam Branch4781 State Highway 30Amsterdam, NY 12010