Average User Rating:
4 star rating based on 1 review.

Seneca Federal Savings and Loan Association

Seneca Federal Savings and Loan Association Locations

35 Oswego St
Baldwinsville, NY 13027
(315) 638-0233
www.senecafederal.com

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Seneca Federal Savings and Loan Association is headquartered in Baldwinsville and is the 144^th largest bank in the state of New York. It is also the 3,968^th largest bank in the nation. It was established in 1928 and as of March of 2012, it had grown to 38 employees at 3 locations. Seneca Federal Savings and Loan Association has a 4-star health rating.

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See Rates for: Checking | Savings | Money Market | CD

Seneca Federal Savings and Loan Association Checking Account Rates

	Apy	Min	Max	Product
	0.15%	$100	-	Now Checking

Seneca Federal Savings and Loan Association Savings Account Rates

Apy	Min	Max	Product
0.10%	$50	-	Passbook Savings
0.10%	$50	-	Holiday Club

Seneca Federal Savings and Loan Association Money Market Rates

	Apy	Min	Max	Product
	0.10%	$2,500	-	Money Market

Seneca Federal Savings and Loan Association CD Rates

Apy	Min	Max	Product
1.50%	$500	-	48 Month CD
1.00%	$500	-	36 Month CD
0.80%	$500	-	24 Month CD
0.65%	$500	-	18 Month CD
0.60%	$500	-	13 Month CD
0.50%	$500	-	12 Month CD
0.35%	$500	-	6 Month CD

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Seneca Federal Savings and Loan Association
OTS #	03552
FDIC Certificate #	29496
BankRate Report	View
Year Established	1928
Employees	38
Primary Regulator	OCC
Assets and Liabilities
Assets	$144.68 million
Loans	$89.32 million
Deposits	$115.65 million
Equity Capital	$10.68 million
Loan Loss Allowance	$1,000,000
Unbacked Noncurrent Loans	$252,000
Historic Data - March 2011
Assets	$152.25 million
Equity Capital	$10.89 million
Loan Loss Allowance	$169,000
Unbacked Noncurrent Loans	$309,000
Real Estate Owned	$10,000
Profit Margin - Quarterly
Net Interest Margin	2.83%
Return on Assets	0.69%
Return on Equity	9.45%
Interest Income	$1.44 million

Institution Health

Overall Score:

4 out of 5

Texas Ratio
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 March 31, 2012 Seneca Federal Savings and Loan Association had $252,000 in non-current loans and owned real-estate with $11.68 million in equity and loan loss allowances on hand to cover it. This gives Seneca Federal Savings and Loan Association a Texas Ratio of 2.16% 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 Seneca Federal Savings and Loan Association decreased slightly from 2.88% as of March 31, 2011 to 2.16% as of March 31, 2012, resulting in a positive change of 25.20%.This indicates that the balance sheet and financial strength for Seneca Federal Savings and Loan Association has improved slightly in recent periods.
Deposit Growth
In the past year, Seneca Federal Savings and Loan Association has decreased its total deposits by -$7.42 million, resulting in -6.03% 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 Seneca Federal Savings and Loan Association has shown is poor.
Capitalization
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. Seneca Federal Savings and Loan Association has $144.68 million in assets with $11.68 million in equity, resulting in a capitalization level of 8.07%, which is average.

Doing Business With A Very Dependable Bank.
4 stars

- toddvann - Friday, March 9, 2012 - 6:36 AM

Seneca Federal Savings and Loan is a great bank to do business with on a personal level and a business level. One of the best things you get when you bank with Seneca Federal is a bank that will listen and a willingness to understand your business needs. I have used Seneca Federal for over 20 years on both the personal side and the business side. They have been there and listened to my needs as I started to expand my business the last 4 years. Seneca Federal has given me and my company great support over the last 20 years. Their employees have always been very courteous and kind.

I would like to thank Chris DeMong and Bill Gould for all of their hard work over the years( they both retired within the past two years). I would also like to thank the following for keeping things moving forward and keeping the same feeling and atomosphere: Trina Russo, Janice MacDonald,and Wendy Bodnar. In addition thanks to all of their employees that put everything into the jobs.

Thank you

Todd M. Vann

Owner

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