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Overview / Commentary
716-937-3381
13216 Broadway
Alden, NY 14004

Alden State Bank is headquartered in Alden and is the 104th largest bank in the state of New York. It is also the 2,471st largest bank in the nation. It was established in 1916 and as of March of 2014, it had grown to 57 employees at 2 locations. Alden State Bank's savings rates are 94% higher than the national average, and it has a B health rating.

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Health

Data for Q1 2014

Institution Health

B

Texas Ratio

GRADE:
B

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Alden State Bank had $7.05 million in non-current loans and owned real-estate with $34.37 million in equity and loan loss allowances on hand to cover it. This gives Alden State Bank a Texas Ratio of 20.50% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Alden State Bank increased slightly from 12.87% as of March 31, 2013 to 20.50% as of March 31, 2014, resulting in a negative change of 59.24%. This indicates that the balance sheet and financial strength for Alden State Bank has declined slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Alden State Bank has increased its total deposits by $6.37 million, resulting in 2.88% 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.

Capitalization

GRADE:
A+

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 $260.33 million in assets with $34.37 million in equity, resulting in a capitalization level of 13.20%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #9831
Year Established1916
Employees57
Primary RegulatorFED
Assets and Liabilities
Assets$260.33 million
Loans$174.09 million
Deposits$227.31 million
Equity Capital$32.47 million
Loan Loss Allowance$1.89 million
Unbacked Noncurrent Loans$6.46 million
Real Estate Owned$582,000
Historic Data - March 2013
Assets$252.99 million
Equity Capital$31.54 million
Loan Loss Allowance$1.75 million
Unbacked Noncurrent Loans$6.46 million
Real Estate Owned$655,000
Profit Margin - Quarterly
Return on Assets0.85%
Return on Equity6.71%
Interest Income$2.46 million
Rates
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Alden State Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
1.01%-$15kKasasa Saver - Qualifying
0.05%--Kasasa Saver - Non Qualifying

Alden State Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.01%-$15kKasasa Cash - Qualifying
0.05%--Kasasa Cash - Non Qualifying
Locations


Alden State Bank Locations
Alden State Bank13216 BroadwayAlden, NY 14004
Lancaster Branch5802 BroadwayLancaster, NY 14086