New Albin Savings Bank

Overview / Commentary
118 Main Street NE
New Albin, IA 52160

New Albin Savings Bank is headquartered in NEW ALBIN and is the 91st largest bank in the state of Iowa. It is also the 2,373rd largest bank in the nation. It was established in 1898 and as of March of 2024, it had grown to 13 employees at 1 location. New Albin Savings Bank has an A+ health rating.

Reviews (1)

Small town banking

I have had accounts at New Albin Savings Bank since I was a young child. I got my first checking account there when I started working, and even though it was a drive from where I lived, I made the trip weekly to deposit my check. Once Direct deposit became an option, it made things easier. I appreciate the fact that everyone knows you when you walk in. They truly seem to want to help you with your banking needs. I remember they would manually cover my accounts if they over drafted because my family has so much business with them. I got my first car loan through them as well, and they were wonderful to work with and had competitive rates. I didn't pay much attention to that, but my dad did. They might not have the best of the best or all the newest features, but I believe that they are a good solid bank. I do wish there online banking platform was a little more robust and offered more details on transactions, but it hasn't been enough of an issue to make me look elsewhere either. I have accounts at other banks now as well, but I really think New Albin Savings Bank is the epitome of small town proud and want to take care of their customers.


Health Grade Components

FDIC Certificate #8506
Year Established1898
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD5.72%
Annual Interest Income$3.5MM
Assets and Liabilities
AssetsQ1 2024vs Q1 2023$321.3MM$307.8MM
LoansQ1 2024vs Q1 2023$113MM$111MM
DepositsQ1 2024vs Q1 2023$267.8MM$255.6MM
Equity CapitalQ1 2024vs Q1 2023$46.5MM$45.6MM
Loan Loss AllowanceQ1 2024vs Q1 2023$1MM$1.1MM
Unbacked Noncurrent LoansQ1 2024vs Q1 2023$7K$47K
Real Estate OwnedQ1 2024vs Q1 2023$0$0

Rates for New Albin Savings Bank are currently being reviewed.


New Albin Savings Bank Locations
New Albin Savings Bank118 Main St NeNew Albin, IA 52160

The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.