Alma Bank is headquartered in Astoria and is the 48th largest bank in the state of New York. It is also the 702nd largest bank in the nation. It was established in 2007 and as of December of 2013, it had grown to 146 employees at 13 locations. Alma Bank has a A+ health rating.
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!
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.
Went today, requires a checking account or Now account with three transactions per month
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.
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, 2013 Alma Bank had $3.47 million in non-current loans and owned real-estate with $121.64 million in equity and loan loss allowances on hand to cover it. This gives Alma Bank a Texas Ratio of 2.86% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Alma Bank held steady from 0.31% as of December 31, 2012 to 2.86% as of December 31, 2013, resulting in a negative change of 811.61%. This indicates that the balance sheet and financial strength for Alma Bank has held steady in recent periods.
In the past year, Alma Bank has increased its total deposits by $73.69 million, resulting in 9.62% 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.
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 $950.03 million in assets with $121.64 million in equity, resulting in a capitalization level of 12.80%, which is excellent.
|FDIC Certificate #||58424|
|Assets and Liabilities|
|Equity Capital||$107.95 million|
|Loan Loss Allowance||$13.69 million|
|Unbacked Noncurrent Loans||$3.47 million|
|Real Estate Owned||$0|
|Historic Data - December 2012|
|Equity Capital||$101.87 million|
|Loan Loss Allowance||$10.17 million|
|Real Estate Owned||$351,000|
|Profit Margin - Quarterly|
|Net Interest Margin||4.18%|
|Return on Assets||0.77%|
|Return on Equity||6.73%|
|Interest Income||$43.86 million|
Sorry, we do not have rate data for Alma Bank