The First National Bank of Groton, Financial Information

AboutThe First National Bank of Groton

 Address:
159-163 Main Street
Groton,NY
Tompkins County,New York
 Established:
May 1865
 Number of domestic offices:
2
Total assets$202M
Net income$2M
Net income,quarterly$1M
Total deposits$171M
Domestic deposits$171M
Equity capital$29M
ROA1.12%
ROAQ,quarterly1.36%
ROA,pretax1.36%
ROAQ,quarterly,pretax1.61%
ROE7.61%
ROEQ,quarterly9.2%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

The First National Bank of Groton has been proudly serving the area communities for over 140 years. The Bank is customer driven. Its very existence is based on customers finding value in the products and services being offered. The Bank prides itself by offering a superior level of personalized customer service. By maintaining a network of contacts through continued community involvement, the Bank is better able to ascertain the needs of the communities it serves and respond with appropriate products and services.

The First National Bank of Groton was formed in 1865 by Charles Perrigo, Dexter Marsh and other leading businessmen of Groton who realized the difficulties and inconveniences of conducting banking in another community. The original capital inscription was $100,000. The first year proved successful, resulting in stockholders receiving a dividend of 8% on the Bank's first anniversary.

In 1984, The First National Bank of Groton acquired the Groton branch office of Empire Of America Of Buffalo. This branch had been The Groton Savings & Loan. Combined assets then became $29 million.

In 1999, the Bank opened its first branch office on South Main Street in Moravia. Both offices are committed to offering you quality customer service.

The First National Bank of Groton
P.O. Box 38, 161 Main Street, Groton, NY 13073
41 S. Main Street, Moravia, NY 13118
(607) 898-5871
(315) 497-2707
Buzz: (607) 898-9700
(315) 497-2200