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Overview / Commentary
203 North Logan Boulevard
Altoona, PA 16603

Altoona First Savings Bank is headquartered in Altoona and is the 133rd largest bank in the state of Pennsylvania. It is also the 2,940th largest bank in the nation. It was established in 1927 and as of March of 2014, it had grown to 44 employees at 6 locations. Altoona First Savings Bank's savings rates are 44% higher than the national average, and it has a A health rating.

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Data for Q1 2014

Institution Health


Texas Ratio


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 Altoona First Savings Bank had $1.4 million in non-current loans and owned real-estate with $26.18 million in equity and loan loss allowances on hand to cover it. This gives Altoona First Savings Bank a Texas Ratio of 5.35% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Altoona First Savings Bank decreased dramatically from 11.50% as of March 31, 2013 to 5.35% as of March 31, 2014, resulting in a positive change of 53.47%.This indicates that the balance sheet and financial strength for Altoona First Savings Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Altoona First Savings Bank has decreased its total deposits by -$2.08 million, resulting in -1.13% 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 Altoona First Savings Bank has shown is average.



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. Altoona First Savings Bank has $209.78 million in assets with $26.18 million in equity, resulting in a capitalization level of 12.48%, which is excellent.

Institution Statistics

FDIC Certificate #27711
Year Established1927
Primary RegulatorFDIC
Assets and Liabilities
Assets$209.78 million
Loans$134.68 million
Deposits$182.74 million
Equity Capital$25.16 million
Loan Loss Allowance$1.02 million
Unbacked Noncurrent Loans$260,000
Real Estate Owned$1.14 million
Historic Data - March 2013
Assets$211.97 million
Equity Capital$24.76 million
Loan Loss Allowance$770,000
Unbacked Noncurrent Loans$260,000
Real Estate Owned$1.51 million
Profit Margin - Quarterly
Net Interest Margin3.29%
Return on Assets0.51%
Return on Equity4.31%
Interest Income$2.00 million

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Altoona First Savings Bank Savings Account Rates

0.75%-$10kKasasa Saver - Qualifying
0.25%$10k-Statement Savings
0.25%--Banking for Kids Club Account
0.25%--Vacation Club
0.25%--Christmas Club
0.25%--Interest on Lawyer Trust Account
0.05%--Kasasa Saver - Non Qualifying

Altoona First Savings Bank Money Market Rates

0.40%$100k-Money Market Deposit Account

Altoona First Savings Bank Checking Account Rates

2.75%-$10kKasasa Cash - Qualifying
0.20%$25k-Business Checking with Interest
0.05%--Kasasa Cash - Non Qualifying

Altoona First Savings Bank CD Rates

1.20%$1k-60 Month CD
1.00%$1k-48 Month CD
0.90%$1k-36 Month CD
0.70%$1k-30 Month CD
0.70%$100k-12 Month Variable Rate CD
0.60%$1k-24 Month CD
0.50%$1k-18 Month CD
0.40%$1k-12 Month CD
0.30%$1k-6 Month CD
0.20%$1k-3 Month CD

Altoona First Savings Bank IRA Rates

1.20%$100-60 Month IRA
1.00%$100-48 Month IRA
0.90%$100-36 Month IRA
0.70%$100-30 Month IRA
0.60%$100-24 Month IRA
0.50%$100-18 Month IRA
0.40%$100-12 Month IRA
0.30%$100-6 Month IRA

Altoona First Savings Bank Locations
100 W. Pitt Street Branch100 W. Pitt StreetBedford, PA 15522
1116 Twelfth Ave Branch1116 Twelfth AveAltoona, PA 16601
Everett Office112 Willow Grove DriveEverett, PA 15537
Duncansville Office150 Patchway RoadDuncansville, PA 16635
Altoona First Savings Bank203 North Logan BoulevardAltoona, PA 16603
601 East Allegheny Street Branch601 East Allegheny StreetMartinsburg, PA 16662