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718-267-2562
28-31 31st Street
Astoria, NY 11102

Alma Bank is headquartered in Astoria and is the 46th largest bank in the state of New York. It is also the 678th largest bank in the nation. It was established in 2007 and as of March of 2014, it had grown to 144 employees at 13 locations. Alma Bank has a A+ health rating.

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Reviews (4)

Best Community Bank Ever

I went to Alma Bank about two weeks ago to inquire about their accounts because I am fed up with the big banks and all their hidden fees. The staff was so friendly, helpful and very knowledgeable that I didn't need to think or compare it to the community bank across the street. So I opened my checking and savings account right there and then. Everything was explained to me in detail. Within 1 week I received my debit card, my checks and I already started paying my bills online and switched over my direct deposit. Yesterday I went and opened a 2 year CD because the rate is higher than I've seen in a very long time and it beats all other banks. My mom and dad already scheduled an appointment to transfer all their accounts. ALL BECAUSE OF ME, LOVE IT!

This Bank SUCKS Do Not Join Them.

Alma bank is a worthless small town bank.  I tried to do the right thing and join a small local bank but this bank is worthless.  I have had 3 fruadualtian siituations in 2 years and it takes them over 3 weeks to fix the problem.  They have no idea what is going on with the company that does there debit cards.  You ask questions and you get "I don't know as a answer" when it comes to your money and your accounts.  When I was out of $600 I was told I would get a phone call that day to help ease my concercs and just like EVERY OTHER TIME they never called to tell me.  I alaways have to call back myself and get the info.  Tis is s bank run by idiots. DO NOT BANK WITH ALMA BANK.

The Fine Print

Went today, requires a checking account or Now account with three transactions per month

Fresh Take On Banking!!!

I went to Alma Bank about two weeks ago and opened a checking account at the 31st street location. Very friendly folks with smiles. Leaving Chase was tough for me considering all the perks of banking with a large institution, but Alma so far has left me content. The atm's accept check deposits and cash deposits, much like Chase did. They have an iphone app, the online banking is decent (it's not Chase online, but it is suffice to view balances). The other perk was the Allpoint access, Alma has only 10 or 11 locations, but the Allpoint network gives me access to so many atm's that are almost everywhere. I can call the toll-free number and get account information to, at least that's what one of the bankers told me. Basically, it does the job and with direct deposit the account is totally free- that's all I want in my bank, something simple.



Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

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 Alma Bank had $3.44 million in non-current loans and owned real-estate with $123.55 million in equity and loan loss allowances on hand to cover it. This gives Alma Bank a Texas Ratio of 2.79% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Alma Bank experienced no significant changes from 0.15% as of March 31, 2013 to 2.79% as of March 31, 2014, resulting in a negative change of 1,765.00%. This indicates that the balance sheet and financial strength for Alma Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Alma Bank has increased its total deposits by $99.25 million, resulting in 12.77% 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 Alma Bank has shown is excellent.

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. Alma Bank has $988.02 million in assets with $123.55 million in equity, resulting in a capitalization level of 12.50%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #58424
Year Established2007
Employees144
Primary RegulatorFDIC
Assets and Liabilities
Assets$988.02 million
Loans$709.93 million
Deposits$876.35 million
Equity Capital$109.85 million
Loan Loss Allowance$13.70 million
Unbacked Noncurrent Loans$3.44 million
Real Estate Owned$0
Historic Data - March 2013
Assets$888.33 million
Equity Capital$103.22 million
Loan Loss Allowance$11.22 million
Unbacked Noncurrent Loans$3.44 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.08%
Return on Assets0.74%
Return on Equity6.57%
Interest Income$11.11 million
Rates

Sorry, we do not have rate data for Alma Bank

Locations

Alma Bank has 13 locations. Click to view all Alma Bank locations.