DELHI BANK CORP (DWNX)
Delhi Bank Corp. acts as the overarching holding entity for The Delaware National Bank of Delhi. This financial institution delivers a spectrum of commercial banking solutions, catering to both individual clients and small businesses located within New York's Delaware County. The company offers a comprehensive array of deposit options, including various checking accounts for personal and business needs, NOW accounts, health savings accounts, money market accounts, and specialized club accounts. It also manages interest-bearing time deposits, standard savings accounts, certificates of deposit (CDs), and individual retirement accounts (IRAs). Regarding lending, the bank provides diverse credit products. These include consumer loans for vehicles such as automobiles, motorcycles, recreational vehicles, and boats, alongside general personal loans. Its real estate financing spans residential, commercial, home improvement, rental property, vacant land, manufactured housing, and second home mortgages. Additionally, it offers commercial, construction, and agricultural loans, complemented by flexible credit lines like overdraft protection, home equity, and commercial lines of credit. Beyond traditional banking, Delhi Bank Corp. furnishes essential services such as ATM and debit card access, as well as merchant account facilities for Visa and Mastercard. It also extends professional trust and investment management services. Further customer conveniences encompass wire transfers, diverse payment processing, direct deposit, night depository services, money orders, safe deposit box rentals, telephone banking, automated clearing house (ACH) transfers, notary public services, and robust online banking capabilities. Founded in 1839, the corporation has its main office situated in Delhi, New York.
Sector: National Commercial Banks
Industry: Banks - Regional
Delhi Bank Corp.
OTC:DWNXFinancial Services · Banks - Regional
+0.00%$21.50
Mkt Cap$71.76M
Float2.93M
O/S3.34M
Inst Own-
SI<0.1%
Div Yield1.90%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$15.58M
Net Income$2.47M
Total Assets$368.83M
Free Cash Flow$2.63M
Debt & Equity
Debt 0%
Equity 100%
Total Debt$152K
Total Equity$31.18M
Shares Outstanding
Short Interest
Split History2 splits
- 2:1Forward splitAug 9, 20211 share → 2
- 1.5:1Forward splitMar 22, 20061 share → 1.5
Balance Sheet Details
Assets$368.83M
Liabilities$337.65M
Accounts Receivable$0
Accounts Payable$0
Inventory$0
PP&E (Net)$4.24M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Revenue | $15.58M | $14.27M | $13.85M | $11.29M | $10.46M | $11.08M | $11.82M | $10.93M | $10.42M | $9.64M | $9.65M | $9.88M | $10.5M |
| YoY Growth | 9.2% | 3.0% | 22.7% | 8.0% | -5.7% | -6.3% | 8.1% | 4.9% | 8.1% | -0.1% | -2.4% | -5.9% | - |
| Cost of Revenue | $5.26M | $5.25M | $0 | $1.35M | $1.11M | $1.49M | $1.76M | $1.34M | $1.16M | $1.07M | $977K | $1.09M | $1.37M |
| Gross Profit | $10.32M | $9.02M | $13.85M | $9.94M | $9.35M | $9.6M | $10.06M | $9.59M | $9.26M | $8.57M | $8.67M | $8.79M | $9.13M |
| Gross Margin | 66.3% | 63.2% | 100.0% | 88.1% | 89.4% | 86.6% | 85.1% | 87.8% | 88.8% | 88.9% | 89.9% | 89.0% | 87.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $406K | $349K | $313K | $323K | $308K | $305K | $0 | $0 | $0 | $0 | $0 | $0 |
| Other | $7.28M | $6.52M | $9.14M | $6.46M | $6.53M | $6.59M | $6.41M | $6.68M | $6.75M | $6.78M | $6.55M | $6.48M | $6.98M |
| Total Operating Expenses | $7.28M | $6.92M | $9.49M | $6.77M | $6.85M | $6.9M | $6.71M | $6.68M | $6.75M | $6.78M | $6.55M | $6.48M | $6.98M |
| Operating Income (EBIT) | $3.05M | $2.09M | $4.36M | $3.17M | $2.49M | $2.7M | $3.35M | $2.91M | $2.51M | $1.79M | $2.12M | $2.3M | $2.16M |
| Operating Margin | 19.6% | 14.7% | 31.5% | 28.1% | 23.9% | 24.3% | 28.3% | 26.6% | 24.1% | 18.6% | 22.0% | 23.3% | 20.5% |
| Interest Expense | $5.26M | $5.25M | $4.14M | $1.35M | $1.11M | $1.49M | $1.76M | $1.34M | $1.16M | $1.07M | $977K | $1.09M | $1.37M |
| Interest Income | $13.91M | $12.84M | $12.28M | $10.01M | $9.2M | $9.85M | $10.46M | $9.51M | $8.85M | $8.12M | $7.89M | $8.27M | $8.49M |
| Other Income (Expense) | $0 | $0 | -$2.02M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Income Before Tax (EBT) | $3.05M | $2.09M | $2.34M | $3.17M | $2.49M | $2.7M | $3.35M | $2.91M | $2.51M | $1.79M | $2.12M | $2.3M | $2.16M |
| Income Tax Expense | $573K | $386K | $433K | $611K | $462K | $503K | $633K | $502K | $941K | $454K | $404K | $450K | $429K |
| Net Income | $2.47M | $1.71M | $1.91M | $2.56M | $2.03M | $2.19M | $2.72M | $2.41M | $1.57M | $1.34M | $1.72M | $1.85M | $1.73M |
| Net Income Margin | 15.9% | 12.0% | 13.8% | 22.7% | 19.4% | 19.8% | 23.0% | 22.0% | 15.1% | 13.9% | 17.8% | 18.8% | 16.4% |
| Supplementary Data | |||||||||||||
| EPS | 0.72 | 0.50 | 0.56 | 0.76 | 0.62 | 0.34 | 0.89 | 0.78 | 0.51 | 0.46 | 0.57 | 0.62 | 0.59 |
| Diluted EPS | 0.72 | 0.50 | 0.56 | 0.76 | 0.62 | 0.34 | 0.89 | 0.78 | 0.51 | 0.46 | 0.57 | 0.62 | 0.59 |
| Weighted Average OS | 3.42M | 3.40M | 3.40M | 3.37M | 3.29M | 6.42M | 3.07M | 3.08M | 3.08M | 2.88M | 3.03M | 2.99M | 2.94M |
| EBITDA | $3.05M | $2.43M | $2.73M | $3.54M | $2.83M | $3.01M | $3.64M | $2.91M | $2.51M | $1.79M | $2.12M | $2.3M | $2.16M |
| EBITDA Margin | 19.6% | 17.0% | 19.7% | 31.3% | 27.0% | 27.1% | 30.8% | 26.6% | 24.1% | 18.6% | 22.0% | 23.3% | 20.5% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $9.44M | $23.37M | $20.87M | $29.41M | $45.79M | $42.54M | $32.1M | $7.62M | $3.66M | $3.19M | $16.69M | $4.66M | $9.68M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $9.44M | $23.37M | $20.87M | $29.41M | $45.79M | $42.54M | $32.1M | $7.62M | $3.66M | $3.19M | $16.69M | $4.66M | $9.68M |
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $9.44M | $23.37M | $20.87M | $29.41M | $45.79M | $42.54M | $32.1M | $7.62M | $3.66M | $3.19M | $16.69M | $4.66M | $9.68M |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $4.24M | $4.32M | $4.59M | $4.88M | $4.54M | $3.25M | $3.45M | $3.47M | $3.68M | $2.91M | $3.04M | $3.07M | $3.14M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $260.3M | $256.05M | $76.96M | $246.18M | $37.9M | $33.65M | $181.17M | $173.68M | $169.74M | $159.21M | $100.37M | $97.63M | $0 |
| Deferred Tax Assets | $0 | $0 | $3.74M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $94.85M | $84.37M | $324.86M | $96.13M | $296.11M | $262.36M | $79.64M | $110.11M | $137.27M | $142.78M | $165.66M | $176.84M | $261.8M |
| Total Long-Term Assets | $359.39M | $344.74M | $410.16M | $347.19M | $338.55M | $299.26M | $264.25M | $287.26M | $310.69M | $304.91M | $269.08M | $277.54M | $264.94M |
| Other Assets | $0 | $0 | -$59.47M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $368.83M | $368.11M | $371.55M | $376.6M | $384.34M | $341.8M | $296.35M | $294.88M | $314.34M | $308.1M | $285.77M | $282.2M | $274.62M |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $0 | $0 | $0 | $0 | $36K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $334.38M | $335.17M | $212.9M | $344.52M | $145.18M | $0 | $253.58M | $263.37M | $280.94M | $258.57M | $255.23M | $252.8M | $0 |
| Total Current Liabilities | $334.38M | $335.17M | $212.9M | $344.52M | $145.21M | $0 | $253.58M | $263.37M | $280.94M | $258.57M | $255.23M | $252.8M | $0 |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $152K | $23K | $16.03M | $237K | $115K | $0 | $7.69M | $282K | $3.49M | $20.29M | $455K | $626K | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $1.29M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $3.12M | $4.98M | $130.33M | $4.32M | $204.91M | $307.74M | $3.91M | $3.57M | $3.51M | $3.14M | $3.57M | $3.67M | $0 |
| Total Long-Term Liabilities | $3.27M | $5M | $131.62M | $4.56M | $204.91M | $307.74M | $11.6M | $3.85M | $7M | $23.43M | $4.03M | $4.3M | $0 |
| Other Liabilities | $0 | $0 | -$1.29M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $337.65M | $340.17M | $343.22M | $349.07M | $350.12M | $307.74M | $265.18M | $267.22M | $287.95M | $282M | $259.25M | $257.1M | $0 |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $0 | $3.56M | $3.54M | $3.5M | $3.46M | $3.42M | $1.69M | $0 | $0 | $0 | $0 | $0 | $1.6M |
| Retained Earnings | $0 | $30.99M | $30.58M | $29.97M | $28.68M | $27.89M | $26.89M | $0 | $0 | $0 | $0 | $0 | $21.44M |
| Comprehensive Income & Other | $0 | $0 | -$9.38M | $0 | -$763K | $1.12M | $0 | $0 | $0 | $0 | $0 | $0 | -$832K |
| Other Stockholders' Equity | $31.18M | -$6.61M | -$5.79M | -$5.94M | $2.08M | $2.76M | $2.59M | $27.66M | $26.4M | $26.1M | $26.52M | $25.1M | -$598K |
| Total Equity | $31.18M | $27.94M | $28.33M | $27.52M | $34.22M | $34.06M | $31.17M | $27.66M | $26.4M | $26.1M | $26.52M | $25.1M | $22.44M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $368.83M | $368.11M | $371.55M | $376.6M | $384.34M | $341.8M | $296.35M | $294.88M | $314.34M | $308.1M | $285.77M | $282.2M | $22.44M |
| Supplementary Data | |||||||||||||
| Total Debt | $152K | $23K | $16.03M | $237K | $36K | $142K | $7.69M | $282K | $3.49M | $20.29M | $455K | $626K | $0 |
| Net Debt | -$9.29M | -$23.35M | -$4.84M | -$29.17M | -$45.76M | -$42.39M | -$24.41M | -$7.34M | -$166K | $17.1M | -$16.24M | -$4.03M | -$9.68M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Operating Activities | |||||||||||||
| Net Income | $2.47M | $1.71M | $1.91M | $2.56M | $2.03M | $2.19M | $2.72M | $2K | $2K | $1K | $2K | $2K | $2K |
| Depreciation & Amortization | $0 | $338K | $383K | $365K | $331K | $310K | $295K | $306 | $311 | $306 | $314 | $330 | $310 |
| Deferred Income Tax | $0 | $0 | -$8K | $277K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $16K | $520K | $895K | -$623K | $50K | -$201K | $302 | $245 | $574 | -$544 | $325 | -$951 | $391 |
| Total Working Capital Change | $16K | $520K | $895K | -$623K | $50K | -$201K | $302K | $245 | $574 | -$544 | $325 | -$951 | $391 |
| Other Non-Cash Items | $189K | $16K | $109K | $394K | $783K | $591K | $497K | $630 | $735 | $787 | $549 | $755 | $553 |
| Net Cash from Operating | $2.68M | $2.58M | $3.29M | $2.97M | $3.2M | $2.89M | $3.81M | $4K | $3K | $2K | $3K | $2K | $3K |
| Investing Activities | |||||||||||||
| Capital Expenditures | -$51K | -$81K | -$89K | -$752K | -$1.62M | -$111K | -$281K | -$95 | -$1K | -$178 | -$157 | -$262 | -$106 |
| Acquisitions | $45K | $18K | $0 | -$15.5M | -$23.36M | -$23.91M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$12.05M | -$6M | -$6.07M | -$10.6M | -$48.25M | -$37.35M | -$16.93M | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $11.29M | $12.17M | $11.25M | $19.54M | $26.75M | $23.03M | $17.48M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$580K | $4.6M | -$45K | -$7K | -$45K | -$38K | -$6.13M | $22K | -$6K | -$37K | $7K | -$12K | $808 |
| Net Cash from Investing | -$1.34M | $10.7M | $5.04M | -$7.32M | -$46.53M | -$38.38M | -$5.86M | $21K | -$7K | -$38K | $7K | -$13K | $702 |
| Financing Activities | |||||||||||||
| Debt Repaid | $32K | $33K | $31K | - | $27K | $23K | - | $19K | $18K | $17K | $15K | $11K | $11K |
| Common Stock Issuance | $1.34M | $1.42M | $1.36M | $1.38M | $1.25M | $1.02M | $954K | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | -$2.47M | -$1.78M | -$1.82M | -$102K | -$56 | -$135K | -$327K | -$0 | -$925 | -$709 | -$136 | -$354 | -$48 |
| Dividends Paid | -$1.32M | -$1.3M | -$1.29M | -$1.27M | -$1.23M | -$1.19M | -$1.14M | -$1.04M | -$1M | -$993K | -$974K | -$952K | -$917K |
| Other Financing Activities | -$790K | $12.62M | -$21.96M | -$1.26M | $42.38M | $50.82M | -$9.81M | -$695 | $948K | $22.95M | $153K | $4.68M | $62K |
| Net Cash from Financing | -$3.27M | -$5.06M | -$7.91M | -$1.1M | $42.37M | $41.95M | -$2.89M | -$21K | $4K | $22K | $2K | $4K | $1K |
| Forex Effect | $1.93M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | $8.23M | $421K | -$5.44M | -$964K | $6.45M | -$4.95M | $4K | $475 | -$14K | $12K | -$6K | $5K |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | $2.68M | $2.58M | $3.29M | $2.97M | $3.2M | $2.89M | $3.81M | $4K | $3K | $2K | $3K | $2K | $3K |
| Capital Expenditure | -$51K | -$81K | -$89K | -$752K | -$1.62M | -$111K | -$281K | -$95 | -$1K | -$178 | -$157 | -$262 | -$106 |
| Free Cash Flow | $2.63M | $2.5M | $3.2M | $2.22M | $1.57M | $2.78M | $3.53M | $3K | $2K | $2K | $3K | $2K | $3K |
| Cash at Beginning | $0 | $3.2M | $2.78M | $8.22M | $9.19M | $2.73M | $7.68M | $4K | $3K | $17K | $5K | $11K | $6K |
| Cash at End | $0 | $11.43M | $3.2M | $2.78M | $8.22M | $9.19M | $2.73M | $8K | $4K | $3K | $17K | $5K | $11K |