Solvay Bank
Solvay Bank is an FDIC insured institution headquartered at
1537 Milton Ave, Solvay, NY 13209.
It was founded in
1917 and has approximately $1 billion in assets. Customers can open an account at one of its 9 branches.
Deposit Rates - June 09, 2025
| SAVINGS RATES | APY | MIN | |
|---|---|---|---|
|
SAV
|
0.10% | $0 | Compare |
| CD RATES | APY | MIN | |
|---|---|---|---|
|
7 Mo CD
|
4.15% | $2,500 | Compare |
|
12 Mo CD
|
3.75% | $500 | Compare |
|
16 Mo CD
|
3.50% | $2,500 | Compare |
|
18 Mo CD
|
3.50% | $500 | Compare |
|
24 Mo CD
|
3.00% | $500 | Compare |
|
30 Mo CD
|
2.25% | $500 | Compare |
|
36 Mo CD
|
2.50% | $500 | Compare |
|
48 Mo CD
|
2.75% | $500 | Compare |
|
60 Mo CD
|
3.00% | $500 | Compare |
| MM RATES | APY | MIN | |
|---|---|---|---|
|
Money Market
|
0.25% | $10,000 | Compare |
|
Money Market
|
0.35% | $25,000 | Compare |
|
Money Market
|
0.45% | $50,000 | Compare |
| PREMM RATES | APY | MIN | |
|---|---|---|---|
|
Premium Money Market
|
0.85% | $100,000 | Compare |
|
Premium Money Market
|
1.00% | $250,000 | Compare |
| INT CHECKING RATES | APY | MIN |
|---|---|---|
|
INTCK
|
0.02% | $1 |
Loan Rates - June 09, 2025
| MORTGAGE PURCHASE | APR(%) | MONTHLY PAYMENT |
|---|---|---|
|
5 Year Adjustable Conforming
|
7.45% | $2,075.51 |
|
7 Year Adjustable Conforming
|
7.40% | $2,103.24 |
|
10 Year Adjustable Conforming
|
7.35% | $2,128.97 |
|
15 Year Fixed Conforming
|
6.58% | $2,787.54 |
|
20 Year Fixed Conforming
|
7.06% | $2,480.96 |
|
30 Year Fixed Conforming
|
7.17% | $2,156.98 |
| MORTGAGE REFINANCE | APR(%) | MONTHLY PAYMENT |
|---|---|---|
|
5 Year Adjustable Conforming
|
7.45% | $2,075.51 |
|
7 Year Adjustable Conforming
|
7.40% | $2,103.24 |
|
10 Year Adjustable Conforming
|
7.35% | $2,128.97 |
|
15 Year Fixed Conforming
|
6.58% | $2,787.54 |
|
20 Year Fixed Conforming
|
7.06% | $2,480.96 |
|
30 Year Fixed Conforming
|
7.17% | $2,156.98 |
| HOME EQUITY RATES | APR(%) | MONTHLY PAYMENT | ||
|---|---|---|---|---|
|
Line of Credit
|
5.25% | Varies | ||
Compare with 6.99 RATE Line of Credit from Third Federal Savings and Loan
|
||||
Compare with 7.75 RATE Line of Credit from Four Leaf Federal Credit Union
|
||||
Compare with RATE Line of Credit from PenFed Credit Union
|
||||
|
10 Year Loan
|
4.50% | $1,036.38 | ||
|
15 Year Loan
|
5.25% | $803.88 | ||
| AUTO LOAN RATES | APR(%) | MONTHLY PAYMENT |
|---|---|---|
|
3 Year
|
3.00% | $727.03 |
|
4 Year
|
3.25% | $556.12 |
|
5 Year
|
3.25% | $452.00 |
Overview 2025
General Bank Information
| FDIC Insured | Yes |
| FDIC Certificate | # 13297 |
| Date Established | 1917 |
| Assets | $ 1,193.41 million |
| Loans | $ 710.49 million |
| Deposits | $ 1,058.91 million |
| Capital | $ 79.56 million |
Summary Balance Sheet as of December 31, 2024
| ASSETS | |
| Cash & Balances due from depository institutions | $ 56.38 million |
| Interest-bearing balances | $ 43.01 million |
| Total securities | $ 369.06 million |
| Federal funds sold and reverse repurchase | $ 0.20 million |
| Net loans and leases | $ 710.49 million |
| Loan loss allowance | $ 8.08 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 0.05 million |
| All other assets | $ 40.23 million |
| Total Assets | $ 1,113.85 million |
| LIABILITIES | |
| Total deposits | $ 1,058.91 million |
| Interest-bearing deposits | $ 779.61 million |
| Deposits held in domestic offices | $ 1,058.91 million |
| % insured (estimated)" | 62.03% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 1.00 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 7.05 millionn |
| Total Liabilities | $ 1,113.85 million |
| Shareholders’ Equity | $ 79.56 million |
Summary Income Statement as of December 31, 2024
| INCOME AND EXPENSES | |
| Total Interest Income | $ 45.40 million |
| Total Interest Expense | $ 23.52 million |
| Net interest income | $ 21.89 million |
| Provision for loan and lease losses | $ 0.08 million |
| Total non interest income | $ 6.35 million |
| Total non interest expense | $ 23.52 million |
| Pre-tax Net Operating Income | $ 6.83 million |
Customer Reviews for Solvay Bank
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