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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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.
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.
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.
|FDIC Certificate #||27711|
|Assets and Liabilities|
|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|
|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 Margin||3.29%|
|Return on Assets||0.51%|
|Return on Equity||4.31%|
|Interest Income||$2.00 million|
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|0.75%||-||$10k||Kasasa Saver - Qualifying|
|0.25%||-||-||Banking for Kids Club Account|
|0.25%||-||-||Interest on Lawyer Trust Account|
|0.05%||-||-||Kasasa Saver - Non Qualifying|
|0.40%||$100k||-||Money Market Deposit Account|
|2.75%||-||$10k||Kasasa Cash - Qualifying|
|0.20%||$25k||-||Business Checking with Interest|
|0.05%||-||-||Kasasa Cash - Non Qualifying|
|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|
|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 Branch||100 W. Pitt Street||Bedford, PA 15522|
|1116 Twelfth Ave Branch||1116 Twelfth Ave||Altoona, PA 16601|
|Everett Office||112 Willow Grove Drive||Everett, PA 15537|
|Duncansville Office||150 Patchway Road||Duncansville, PA 16635|
|Altoona First Savings Bank||203 North Logan Boulevard||Altoona, PA 16603|
|601 East Allegheny Street Branch||601 East Allegheny Street||Martinsburg, PA 16662|