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Overview / Commentary
785-669-2486
500 Main Street
Almena, KS 67622

Almena State Bank is headquartered in Almena and is the 249th largest bank in the state of Kansas. It is also the 6,414st largest bank in the nation. It was established in 1934 and as of March of 2014, it had grown to 13 employees at 2 locations. Almena State Bank has a B+ health rating.

Reviews (1)

Almena State Bank

By far the most progressive and consumer friendly bank in Norton County, Ks. It is a pro-business/Farm Bank.



Health

Data for Q1 2014

Institution Health

B+
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Almena State Bank has a low asset base.

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 Almena State Bank had $23,000 in non-current loans and owned real-estate with $2.6 million in equity and loan loss allowances on hand to cover it. This gives Almena State Bank a Texas Ratio of 0.89% 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 Almena State Bank experienced no significant changes from 0.75% as of March 31, 2013 to 0.89% as of March 31, 2014, resulting in a negative change of 18.33%. This indicates that the balance sheet and financial strength for Almena State Bank has had no significant changes in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Almena State Bank has increased its total deposits by $1.34 million, resulting in 5.02% 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 Almena State Bank has shown is excellent.

Capitalization

GRADE:
C

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. Almena State Bank has $31.98 million in assets with $2.6 million in equity, resulting in a capitalization level of 8.12%, which is average.

Institution Statistics

Overall
FDIC Certificate #15426
Year Established1934
Employees13
Primary RegulatorFDIC
Assets and Liabilities
Assets$31.98 million
Loans$28.52 million
Deposits$28.05 million
Equity Capital$2.35 million
Loan Loss Allowance$251,000
Unbacked Noncurrent Loans$23,000
Real Estate Owned$0
Historic Data - March 2013
Assets$28.91 million
Equity Capital$2.16 million
Loan Loss Allowance$241,000
Unbacked Noncurrent Loans$23,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin5.65%
Return on Assets1.09%
Return on Equity14.6%
Interest Income$436,000
Rates

Always verify rates and promotions with the bank or credit union. We are not Almena State Bank, we are a rate comparison website and can not provide official rates or promotions.

Almena State Bank Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.15%--Savings

Almena State Bank Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$2,500-Money Market

Almena State Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$2,500-Super Now

Almena State Bank CD Rates

DetailsAPYMINMAXPRODUCT
1.00%$500-72 Month CD
0.95%$500-60 Month CD
0.90%$500-48 Month CD
0.85%$500-30 Month CD
0.80%$500-36 Month CD
0.60%$500-18 Month CD
0.50%$500-24 Month CD
0.35%$500-12 Month CD
0.25%$500-6 Month CD
0.25%$90k-6 Month Jumbo Certificate
0.15%$500-3 Month CD
Locations


Almena State Bank Locations
Norton Branch202 East WashingtonNorton, KS 67654
Almena State Bank500 Main StreetAlmena, KS 67622