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Alma Bank

Alma Bank Locations
28-31 31st Street
Astoria, NY 11102
718-267-ALMA (2562)
www.almabank.com

Alma Bank is headquartered in Astoria and is the 62nd largest bank in the state of New York. It is also the 918st largest bank in the nation. It was established in 2007 and as of September of 2011, it had grown to 104 employees at 10 locations. Alma Bank has a 5-star health rating.

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Data for Q3 2011


Institution Statistics


Alma Bank
FDIC Certificate #58424
BankRate ReportView
Year Established2007
Employees104
Primary RegulatorFDIC

Assets and Liabilities

Assets$725.03 million
Loans$427.21 million
Deposits$588.72 million
Equity Capital$93.88 million
Loan Loss Allowance$7.10 million
Unbacked Noncurrent Loans$848,000

Historic Data - September 2010

Assets$497.19 million
Equity Capital$50.54 million
Loan Loss Allowance$4.61 million
Unbacked Noncurrent Loans$3.32 million

Profit Margin - Quarterly

Net Interest Margin4.14%
Return on Assets0.74%
Return on Equity6.04%
Interest Income$23.74 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
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 September 30, 2011 Alma Bank had $848,000 in non-current loans and owned real-estate with $100.98 million in equity and loan loss allowances on hand to cover it. This gives Alma Bank a Texas Ratio of 0.84% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Alma Bank decreased significantly from 6.02% as of September 30, 2010 to 0.84% as of September 30, 2011, resulting in a positive change of 86.04%.This indicates that the balance sheet and financial strength for Alma Bank has improved significantly in recent periods.
Deposit Growth5
In the past year, Alma Bank has increased its total deposits by $174.96 million, resulting in 42.29% 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.
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. Alma Bank has $725.03 million in assets with $100.98 million in equity, resulting in a capitalization level of 13.93%, which is excellent.
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The Fine Print
1 stars - ratehunterli - Monday, November 28, 2011 - 4:31 PM

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

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