The First National Bank of Groton

Overview / Commentary

www.grotonbank.com

607-898-5871

161 Main Street
Groton, NY 13073

The First National Bank of Groton is headquartered in GROTON and is the 102^nd largest bank in the state of New York. It is also the 3,024^th largest bank in the nation. It was established in 1865 and as of March of 2024, it had grown to 36 employees at 2 locations. The First National Bank of Groton's CD rates are 18% higher than the national average, and it has a B+ health rating.

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Health

B+

Data as of Q1 2024

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Health Grade Components

Overall
FDIC Certificate #	7085
Year Established	1865
Employees	36
Primary Regulator	OCC

Profit Margin
Return on Assets - YTD	0.91%
Return on Equity - YTD	7.76%
Annual Interest Income	$2MM

Assets and Liabilities
Assets	Q1 2024vs Q1 2023	$203.1MM$216.1MM
Loans	Q1 2024vs Q1 2023	$95MM$91.9MM
Deposits	Q1 2024vs Q1 2023	$179.2MM$193.1MM
Equity Capital	Q1 2024vs Q1 2023	$23.8MM$22.9MM
Loan Loss Allowance	Q1 2024vs Q1 2023	$1.5MM$1.6MM
Unbacked Noncurrent Loans	Q1 2024vs Q1 2023	$2MM$2MM
Real Estate Owned	Q1 2024vs Q1 2023	$0$0

Rates

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Savings
Money Market
Checking
CD

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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

The First National Bank of Groton Savings Account Rates

APY	MIN	MAX	ACCOUNT NAME
0.85%	$250	-	Variable IRA
0.75%^*	$0	$20k	Kasasa Saver
OTHER TIERS: 0.10% → $20k+
0.05%	$0	-	Club Savings
0.05%	$0	-	Youth Savings
0.05%	$0	-	Basic Savings

The First National Bank of Groton Money Market Rates

APY	MIN	MAX	ACCOUNT NAME
0.30%^*	$250k^*	-	Money Market Investment
OTHER TIERS: 0.05% → $1k - $10k \| 0.10% → $10k - $25k \| 0.15% → $25k - $50k \| 0.20% → $50k - $250k
0.05%	$0	-	Money Market Checking

The First National Bank of Groton Checking Account Rates

APY	MIN	MAX	ACCOUNT NAME	VIEW DETAILS
2.00%^*	$0	$10k	Kasasa Cash
OTHER TIERS: 0.20% → $10k+

The First National Bank of Groton CD Rates

APY	MIN	MAX	ACCOUNT NAME
4.15%	$2.5k	-	7 Month CD Special - New Money
3.85%	$2.5k	-	13 Month CD Special - New Money
1.61%	$1k	-	60 Month CD
1.51%	$1k	-	48 Month CD
1.41%	$1k	-	36 Month CD
1.31%	$1k	-	30 Month CD
1.21%	$1k	-	24 Month CD
1.11%	$1k	-	18 Month CD
1.06%	$10k	-	1 Year Renewable Once CD
1.01%	$1k	-	12 Month CD
0.85%	$1k	-	6 Month CD
0.75%	$500	-	1 Year Starter CD
0.50%	$1k	-	3 Month CD
0.40%	$1k	-	1 Month CD

Locations

The First National Bank of Groton Locations
The First National Bank Of Groton	159 Main St	Groton, NY 13073
Moravia Branch	41 South Main Street	Moravia, NY 13118

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