Delhi Bank Profile
Delhi Bank Corp. operates as a bank holding company for The Delaware National Bank of Delhi that provides commercial banking services to individual and small business customers in Delaware County, New York and the surrounding counties.
The company's primary deposit products are demand deposits and interest bearing time and savings accounts. It offers an array of loan products to meet the needs of retail and commercial customers.
Loans
The loan receivable portfolio is segmented into real estate, commercial and industrial, agricultural and consumer loans. Real estate loans include loans secured by commercial, residential and agricultural properties. Residential loans include 1-4 family mortgage loans and home equity loans. Commercial and industrial loans are secured by equipment, accounts receivable, inventories or other business assets. Agricultural loans are secured by equipment and other farm assets. Consumer loans consist of personal installment and auto loans and credit cards.
Investment Securities
The company investment portfolio includes U.S. government agencies; U.S. government sponsored enterprises, mortgage backed securities - residential; and local government obligations.
Deposits
The company offers various deposits, such as noninterest-bearing, interest-bearing demand, money market, savings, and time.
Regulation
The bank is subject to regulation by the Office of the Comptroller of the Currency. The company is subject to regulation by the Federal Reserve Bank of New York. The company, as a member of the Federal Home Loan Bank of New York (FHLB) system, is required to maintain an investment in the capital stock of the FHLB.
