As one of the best independent community banks, Tioga State Bank shows how to make a better banking environment for the people. This locally-owned bank has been around for a long time.
As a result, it works on developing banking services including different types of financial products and services. This well-established community bank knows how to make people happy.
It is a great place for both personal and business banking. Even if you need money as a loan, then this could be their favorite place.
The TSB is a customer-focused bank that has a glorious history and we can share all of it with you. Want to know all of these? Check them below.
What is Tioga State Bank?
The United States of America never pushes your bank in terms of getting banking services, especially from the community bank.
Tioga State Bank is just like that for this nation and it was founded in 1884. This old community bank has almost $471 million in assets and deposits totaling $336 million.
This is the 1633rd largest bank in the nation and the 79th largest bank in the state of New York. Based on its assets and deposits, it’s still considered a medium-sized bank and established its headquarters in Spencer, New York.
Still, they are trying to make their service much better than others. Comparing its overall services, it got 4.1 out of 5 stars. But they know where to open their branches to keep in touch with their clients.
To get the job done, TSB provides top-notch banking services that start from checking accounts.
On top of that, there are savings accounts, CDs, IRAs, brokerage accounts, mortgage products, and credit card services also available.
What You Should Know About Tioga State Bank?
Before you choose a community bank for your daily banking, there are lots of things still needed to uncover. So, what are they and where can you find them? Don’t worry, we’ve got your bank.
Check all the necessary information below about the Tioga State Bank and get an idea of why this bank is good for you.
| Particulars | Remarks |
| Website | www.tiogabank.com |
| Size | 51 to 200 employees |
| Revenue | $10 to $25 million (USD) |
| Type | Company – Private |
| FDIC Insured | Yes |
| FDIC Certificate | #9410 |
| Date Established | 1884 |
| Assets | $548.74 million |
| Loans | $ 329.63 million |
| Deposit | $483.44 million |
| Capital | $60.76 million |
| Bank Headquarters | 1 Main Street, Spencer, New York 14883 |
| Established | Mar 24, 1884 |
| Became FDIC Insured | Jan 1, 1934 |
| Number of Branches | 11 |
| US Bank Branches | 11 |
| Foreign Branches | 0 |
| Bank Class | Commercial Bank, State charter, and Fed member, supervised by the Federal Reserve (FRB) |
| Last Structure Change | March 31, 2006 |
| In more than one state | No |
| Bank Specialty/Focus | Commercial, Lending Specialization |
| Bank Holding Company | TSB Services, Inc. |
| SAIF insured | No |
| State Chartered | Yes |
| FDIC Region | 2 |
| FDIC Supervisory Region | New York |
| Federal Reserve District | New York |
| FDIC Field Office | Syracuse |
| Primary Regulator | FED |
| Return on Assets – YTD | 1.35% |
| Return on Equity | 10.91% |
| Annual Interest Income | $21.5Mm |
What About Its Asset and Liabilities Status?
Asset and Liability Status can drive you to make a final decision to choose a community bank. For TSB, you can check their asset and liability status from below with a quarter-wise comparison chart.
| Particulars | Q4 2021 | Q4 2020 |
| Assets | $548.7MM | $520.3MM |
| Loans | $329.6MM | $350.1MM |
| Deposits | $483.4MM | $445.9MM |
| Equity Capital | $60.8MM | $68.6MM |
| Loan Loss Allowance | $6.1MM | $6.1MM |
| Unbacked Noncurrent Loans | $1.8MM | $2.2MM |
| Real Estate Owned | $0 | $0 |
Does Tioga State Bank Have Some Variation In Their Product Line?
It doesn’t matter how best a community bank can do and give efforts unless people have the option to fit their financial needs with the service.
For TSB, there is nothing to worry about. It offers a wide range of products and services. Want to know what they are? Let’s explore all of them below?
Banking Services:
Checking Accounts:
- Bonus Reward Checking
- Simple Checking
- Generation 55+ Checking
- Simple Start Checking
Savings Accounts:
- Next Generation Youth
- Savings Accounts
- Statement Savings
- Investment Savings
- Generation 55+ Savings
- High Yield Money Market Investment
- Holiday Club
CDs/ IRAs:
- Certificates of Deposit (CDs)
- CD Laddering
- CDARS
- Individual Retirement Accounts (IRAs)
Health Savings Accounts
ATM/ Debit Cards
Mobile Wallet
Deposit Automated ATMs
Switch to TSB
Order Checks
Loans and Mortgages:
Credit Cards
Auto Loans
Personal Loans
Mortgage Center
- Mortgage Loans
- Home Equity Loans
- Mortgage Experts
- Mortgage Tips
- Check Rates
- Apply Now
Overdraft Line of Protection
Digital Banking:
- Online Banking
- Mobile App
- Video Banking
- Online Bill Pay
- Mobile Check Deposit
- eStatements & eDocuments
- External Transfers
- Pay a Person
- Telephone Banking
- Mobile Wallet
- MyCardRules
- Debit Card Lock
- Travel Notices
Resources:
- About
- News & Announcements
- Schedule an Appointment
- Financial Calculators
- Financial Education
- Protect Your Identity
- Order Checks
- Locations and Hours
- Privacy Notice
What About the Rates?
To make your money secure or make transactions, you cannot avoid the rate of return or any other charges. Both are important to evaluate a product or service from a community bank.
For TSB, most people look for the rate of products that are a contemporary and easy fit with different financial needs. To check all the rates, have a glance below.
How To Compare The Rate?
To get a clearer idea about the rate of the most popular product of this bank, we’ve made a comparison chart for you. You’ll find it below.
| Notable Rates | APY | Vs. Others |
| Savings | 0.02% | 1.11% |
| 1 Year CD | 0.35% | 2.12% |
| 2 Year CD | 0.45% | 2.80% |
| 5 Year CD | 1.00% | 3.03% |
| 30 Year Mortgage | N/A | 2.81% |
| 15 Year Mortgage | N/A | 2.36% |
| HELOC | N/A | 2.79% |
Conclusion:
Tioga State Bank gives every client the ability to manage their money in the best ways. They promise a hassle-free banking service for everyone.
For a financial account, TSB is the best place you are looking for. Even after a detailed comparison in different parameters with other community banks, we’ve found unbelievable flexibility in service.
From basic accounts to loans, everywhere a person can find a family environment. Not only that, to reach them, people don’t need to find them.
Just pick the phone, install their mobile application or browse online, and find them in a minute. It’s a simple and easy banking solution for everyone.
