North Country Savings Bank


Overview / Commentary
315-386-4533
127 Main Street
Canton, NY 13617

North Country Savings Bank is headquartered in Canton and is the 102nd largest bank in the state of New York. It is also the 2,412th largest bank in the nation. It was established in 1909 and as of September of 2019, it had grown to 68 employees at 4 locations. North Country Savings Bank has an A health rating.

Related Posts

View all posts from:


Reviews (5)

Great local bank

Posted by: Leslie2 | Sep 26, 2014

I have been working with North Country Savings Bank for 8 years. The staff is always friendly. There is never a wait for the inside teller lines. Our mortgage was handled professionally with no glitches. Overall, a wonderful local bank that I would highly recommend to anyone.

Great local bank

Posted by: Leslie3 | Sep 25, 2014

I have been working with North Country Savings Bank for 8 years. The staff is always friendly. There is never a wait for the inside teller lines. Our mortgage was handled professionally with no glitches. Overall, a wonderful local bank that I would highly recommend to anyone.

Great local bank

Posted by: Leslie3 | Sep 25, 2014

I have been working with North Country Savings Bank for 8 years. The staff is always friendly. There is never a wait for the inside teller lines. Our mortgage was handled professionally with no glitches. Overall, a wonderful local bank that I would highly recommend to anyone.

So Far So Good

Posted by: Anonymous | Apr 6, 2010

So far so good.  Transferred large sum to their hi-yield advantage checking back in Nov'09.  Interest rates still 3% apr.

Their website could use some overhaul.  They charge a monthly fee for their MoneyHQ transfer system.  But you don't have to use it.  Can do standard transfer on their regular transfer interface. 

They do require a lot of paperwork, even for simple things like adding an external transfer account at another bank.  But if you are patient and promptly respond to their requests, things go smoothly.

Their qualifications to meet the hi-yield interest are just slightly easier than other banks.  I use their debit card for all my purchases under $10.00.  It's easy to meet their 10 debit transactions monthly using that method. ;-)

This Is Not An Internet Bank

I checked out North Country because of a high rate CD identified on this site. I checked out their website and there was no on-line CD application function.
I called and learned the following:
1. They are accepting deposits nationwide.
2. The application process involves them sending an application form which must be returned Notarized by snail mail.
3. CD funding can only be accomplished by snail mailing a check.
4. Upon receiving the application North Country will call you and ask some authentication questions and to get a sense of anticipated account activity levels.

Based on these time consuming procedures, I decided this would not work for me, especially in an environment of falling market interest rates. So, I did not ask any further questions about related potential issues and fees.

The customer service representative (actually I was transferred to a personal banker) was very helpful.

My rating is based on being an out-of-state customer. They do have an on-line banking capability, but like most other banks, apparently access is accomplished only after a banking account has been established.



Health

Health Grade Components

Overall
FDIC Certificate #16030
Year Established1909
Employees68
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.51%
Return on Equity - YTD3.98%
Annual Interest Income$8.4MM
Assets and Liabilities
AssetsQ3 2019vs Q3 2018$264.8MM$258.0MM
LoansQ3 2019vs Q3 2018$224.2MM$213.5MM
DepositsQ3 2019vs Q3 2018$201.0MM$193.5MM
Equity CapitalQ3 2019vs Q3 2018$34.0MM$34.8MM
Loan Loss AllowanceQ3 2019vs Q3 2018$793.00K$786.00K
Unbacked Noncurrent LoansQ3 2019vs Q3 2018$1.8MM$1.8MM
Real Estate OwnedQ3 2019vs Q3 2018$360.00K$311.00K
Rates

Rates for North Country Savings Bank are currently being reviewed.

Locations


North Country Savings Bank Locations
The North Country Savings Bank127 Main StreetCanton, NY 13617
Massena Branch22-24 Phillips StreetMassena, NY 13662
Potsdam Branch31 Main StreetPotsdam, NY 13676
Greene and Caroline Streets BranchGreene and Caroline StreetsOgdensburg, NY 13669

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.