Banks | First National Bank of Scotia

First National Bank of Scotia

First National Bank of Scotia is an FDIC insured institution headquartered at 201 Mohawk Ave, Scotia, NY 12302.
It was founded in 1923 and has approximately $1 billion in assets. Customers can open an account at one of its 10 branches.

Deposit Rates - June 09, 2025

SAVINGS RATES	APY	MIN
SAV	0.15%	$50	Compare

CD RATES	APY	MIN
3 Mo CD	0.55%	$2,500	Compare
6 Mo CD	1.51%	$2,500	Compare
11 Mo CD	1.03%	$25,000	Compare
12 Mo CD	1.57%	$500	Compare
24 Mo CD	1.60%	$500	Compare
36 Mo CD	1.65%	$500	Compare
48 Mo CD	1.69%	$500	Compare
60 Mo CD	1.72%	$500	Compare

MM RATES	APY	MIN
Money Market	0.65%	$2,500	Compare
Money Market	1.01%	$100,000	Compare
Money Market	1.53%	$250,000	Compare
Money Market	2.01%	$1,000,000	Compare

FIXED IRA RATES	APY	MIN
24 Mo FIRA	1.60%	$500
60 Mo FIRA	1.72%	$500

VARIABLE IRA RATES	APY	MIN
VIRA	3.75%	$50

INT CHECKING RATES	APY	MIN
INTCK	0.05%	$500

Loan Rates - June 09, 2025

MORTGAGE PURCHASE	APR(%)	MONTHLY PAYMENT
15 Year Fixed Conforming	6.68%	$2,799.87
20 Year Fixed Conforming	7.00%	$2,465.61
30 Year Fixed Conforming	7.00%	$2,116.09

MORTGAGE REFINANCE	APR(%)	MONTHLY PAYMENT
15 Year Fixed Conforming	6.68%	$2,799.87
20 Year Fixed Conforming	7.00%	$2,465.61
30 Year Fixed Conforming	7.00%	$2,116.09

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HOME EQUITY RATES	APR(%)	MONTHLY PAYMENT
10 Year Loan	4.40%	$1,030.61
15 Year Loan	5.01%	$790.27

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AUTO LOAN RATES	APR(%)	MONTHLY PAYMENT
3 Year	3.59%	$733.55
4 Year	3.59%	$559.90
5 Year	3.59%	$455.80

Overview 2025

General Bank Information

FDIC Insured	Yes
FDIC Certificate	# 11501
Date Established	1923
Assets	$ 675.93 million
Loans	$ 494.64 million
Deposits	$ 594.79 million
Capital	$ 58.47 million

Summary Balance Sheet as of December 31, 2024

ASSETS
Cash & Balances due from depository institutions	$ 61.71 million
Interest-bearing balances	$ 49.21 million
Total securities	$ 76.44 million
Federal funds sold and reverse repurchase	N.A.
Net loans and leases	$ 494.64 million
Loan loss allowance	$ 5.58 million
Trading account assets	N.A.
Bank premises and fixed assets	N.A.
Other real estate owned	N.A.
Goodwill and other intangibles	$ 0.39 million
All other assets	$ 22.24 million
Total Assets	$ 617.46 million

LIABILITIES
Total deposits	$ 594.79 million
Interest-bearing deposits	$ 417.40 million
Deposits held in domestic offices	$ 594.79 million
% insured (estimated)"	85.18%
Federal funds purchased and repurchase agreements	N.A.
Trading liabilities	N.A.
Other borrowed funds	N.A.
Subordinated debt	N.A.
All other liabilities	$ 10.14 millionn
Total Liabilities	$ 617.46 million
Shareholders’ Equity	$ 58.47 million

Summary Income Statement as of December 31, 2024

INCOME AND EXPENSES
Total Interest Income	$ 30.48 million
Total Interest Expense	$ 4.93 million
Net interest income	$ 25.55 million
Provision for loan and lease losses	$ 0.67 million
Total non interest income	$ 3.22 million
Total non interest expense	$ 21.73 million
Pre-tax Net Operating Income	$ 2.35 million

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Branches

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