13216 Broadway
Alden, NY 14004
(716) 937-3381
www.aldenstate.com



Alden State Bank is headquartered in Alden and is the 121st largest bank in the state of New York. It is also the 2,758th largest bank in the nation. It was established in 1916 and as of December of 2011, it had grown to 58 employees at 2 locations. Alden State Bank's savings rates are 94% higher than the national average, and it has a 4-star health rating.

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2.51% Reward Checking Account ($15K Max) At Alden State Bank In Western NY (Forum) - 10/11/2010

I came across this reward checking account, but with a low rate and a low balance cap, I decided to mention it in a forum post rather than a blog post. Click on the "details" link to see the reward checking details. Here's a quick overview: Earn 2.51% A



See Rates for: Checking | Savings

Alden State Bank Checking Account Rates

ApyMinMaxProduct
2.51%-$15kREWARDChecking - Qualifying
0.05%--REWARDChecking - Non Qualifying

Alden State Bank Savings Account Rates

ApyMinMaxProduct
1.01%-$15kREALSaver - Qualifying
0.05%--REALSaver - Non Qualifying

Rates updated: 5/20/2012

Data for Q4 2011


Institution Statistics


Alden State Bank
FDIC Certificate #9831
BankRate ReportView
Year Established1916
Employees58
Primary RegulatorFED

Assets and Liabilities

Assets$229.96 million
Loans$150.56 million
Deposits$196.82 million
Equity Capital$30.29 million
Loan Loss Allowance$1.55 million
Unbacked Noncurrent Loans$6.37 million
Real Estate Owned$1.47 million

Historic Data - December 2010

Assets$219.78 million
Equity Capital$29.23 million
Loan Loss Allowance$1.79 million
Unbacked Noncurrent Loans$4.57 million
Real Estate Owned$620,000

Profit Margin - Quarterly

Net Interest Margin4.32%
Return on Assets1.03%
Return on Equity7.8%
Interest Income$9.94 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Alden State Bank had $7.85 million in non-current loans and owned real-estate with $31.84 million in equity and loan loss allowances on hand to cover it. This gives Alden State Bank a Texas Ratio of 24.65% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend2
The Texas Ratio for Alden State Bank increased slightly from 16.73% as of December 31, 2010 to 24.65% as of December 31, 2011, resulting in a negative change of 47.30%. This indicates that the balance sheet and financial strength for Alden State Bank has declined slightly in recent periods.
Deposit Growth4
In the past year, Alden State Bank has increased its total deposits by $6.44 million, resulting in 3.38% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Alden State Bank has shown is above average.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Alden State Bank has $229.96 million in assets with $31.84 million in equity, resulting in a capitalization level of 13.85%, which is excellent.
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