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

Tioga State Bank

One Main Street
Spencer, NY 14883
888-303-4872
www.tiogabank.com

FDIC

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Tioga State Bank is headquartered in Spencer and is the 92^nd largest bank in the state of New York. It is also the 1,705^th largest bank in the nation. It was established in 1884 and as of December of 2012, it had grown to 93 employees at 11 locations. Tioga State Bank has a 5-star health rating.

Lower Cap And A Host Of New Or Increased Fees (Forum) - 1/23/2012

Got a fee change notice today for 2/29/12: new dormancy fee of $5 after a year of inactivity, paper statement fee and many more. New cap is 15k.

4.00% Reward Checking Account in New York State (Tioga State Bank) - 3/27/2008

Update 5/17/09: The top rate has fallen to 4.00% APY.Tioga State Bank has a reward checking account that pays 4.00% APY on balances up to $25,000 (0.91% for above) and refunds ATM fees (up to $25 per cycle) if the following monthly requirements are met:...

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

Tioga State Bank Checking Account Rates

	Apy	Min	Max	Product
	1.50%	-	$15k	Rewards Checking

Tioga State Bank Money Market Rates

	Apy	Min	Max	Product
	0.25%	$250k	-	High Yield Money Market Investment

Tioga State Bank CD Rates

Apy	Min	Max	Product
1.31%	$5k	-	Ladder CD 60 Month
1.00%	$5k	-	Ladder CD 48 to 59 Month
0.80%	$5k	-	Ladder CD 36 to 47 Month
0.60%	$5k	-	Ladder CD 24 to 35 Month
0.40%	$5k	-	Ladder CD 12 to 23 Month
0.20%	$1k	-	12 Month CD

Tioga State Bank IRA Rates

Apy	Min	Max	Product
1.31%	$5k	-	Ladder IRA 60 Month
1.31%	$5k	-	Ladder SEP IRA 60 Month
1.00%	$5k	-	Ladder IRA 48 to 59 Month
1.00%	$5k	-	Ladder SEP IRA 48 to 59 Month
0.80%	$5k	-	Ladder IRA 36 to 47 Month
0.80%	$5k	-	Ladder SEP IRA 36 to 47 Month
0.60%	$5k	-	Ladder IRA 24 to 35 Month
0.60%	$5k	-	Ladder SEP IRA 24 to 35 Month
0.40%	$5k	-	Ladder IRA 12 to 23 Month
0.40%	$5k	-	Ladder SEP IRA 12 to 23 Month
0.20%	$1k	-	12 Month IRA
0.20%	$1k	-	12 Month SEP IRA

Rates updated: 5/22/2013

Data for Q4 2012

Institution Statistics

Tioga State Bank
FDIC Certificate #	9410
BankRate Report	View
Year Established	1884
Employees	93
Primary Regulator	FED
Assets and Liabilities
Assets	$388.89 million
Loans	$251.27 million
Deposits	$307.31 million
Equity Capital	$42.38 million
Loan Loss Allowance	$3.71 million
Unbacked Noncurrent Loans	$728,000
Historic Data - December 2011
Assets	$385.34 million
Equity Capital	$38.96 million
Loan Loss Allowance	$3.63 million
Unbacked Noncurrent Loans	$1.27 million
Profit Margin - Quarterly
Net Interest Margin	3.87%
Return on Assets	1.12%
Return on Equity	10.75%
Interest Income	$17.25 million

Institution Health

Overall Score:

5 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 December 31, 2012 Tioga State Bank had $728,000 in non-current loans and owned real-estate with $46.09 million in equity and loan loss allowances on hand to cover it. This gives Tioga State Bank a Texas Ratio of 1.58% 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 Tioga State Bank decreased significantly from 2.94% as of December 31, 2011 to 1.58% as of December 31, 2012, resulting in a positive change of 46.35%.This indicates that the balance sheet and financial strength for Tioga State Bank has improved significantly in recent periods.
Deposit Growth
In the past year, Tioga State Bank has increased its total deposits by $3.47 million, resulting in 1.14% 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 Tioga State Bank has shown is above average.
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. Tioga State Bank has $388.88 million in assets with $46.09 million in equity, resulting in a capitalization level of 11.85%, which is above average.

For A Small Bank Customer Service Suffers As Does Convenience
2 stars

- latazza108 - Saturday, February 2, 2013 - 7:42 AM

I've been with this 'small' bank for YEARS, but recent customer service flubs is going to make me switch to Scottrade Bank where I have a brokerage account. At least at Scottrade I can talk to people easier after 4pm, etc. Tioga State Bank recent flubs, IMO? 1) Posting a check to my account from Aug. 2012 when the check states VOID AFTER 90 DAYS, the date posted was Jan. 25, 2013. Well after 90 days. 2) Deposit funds deposited LATE due to the MY branch office has a PO BOX and "HAS to WAIT UNTIL SOMEONE IS AVAILABLE TO GO PICK UP MAIL". That's the answer i rec'd when I inquired why my deposit was not posted yet. This was at 3:45PM! MAIL WAS STILL NOT picked up! Hard to believe that way of doing business in 2013, IMO. The result was a $30 fee from the bank becos the same day a bill was posted. Either one of the items mentioned above could have warranted customer service contact. Seems a good way to charge extra fees. This happened on the same day. Customer mail does not seem to be important to Tioga. I could list other things also, but... I gave 2 stars instead of 1 becos I assume the employees mean well but are bound by this banks procedures. And the bank never finds fault with themselves. I did contact customer service and management. Answers are "It's another bank's fault and the customer's fault." This is why I've moved the bulk of my $ to my brokerage account and will look to close Tioga Bank account and move the remaining $ elsewhere.

Tioga State Bank

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