New Albin Savings Bank is headquartered in New Albin and is the 88th largest bank in the state of Iowa. It is also the 2,480th largest bank in the nation. It was established in 1898 and as of December of 2019, it had grown to 13 employees at 1 location. New Albin Savings Bank has an A+ health rating.
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.
|FDIC Certificate #||8506|
|Return on Assets - YTD||1.29%|
|Return on Equity - YTD||7.14%|
|Annual Interest Income||$8.8MM|
|Assets and Liabilities|
|Assets||Q4 2019vs Q4 2018||$253.3MM$238.9MM|
|Loans||Q4 2019vs Q4 2018||$74.2MM$68.6MM|
|Deposits||Q4 2019vs Q4 2018||$204.4MM$197.2MM|
|Equity Capital||Q4 2019vs Q4 2018||$45.9MM$41.5MM|
|Loan Loss Allowance||Q4 2019vs Q4 2018||$966.00K$992.00K|
|Unbacked Noncurrent Loans||Q4 2019vs Q4 2018||$36.00K$0|
|Real Estate Owned||Q4 2019vs Q4 2018||$0$0|
Rates for New Albin Savings Bank are currently being reviewed.
|New Albin Savings Bank Locations|
|New Albin Savings Bank||118 Main Street||New Albin, IA 52160|