Albany Bank and Trust Company National Association

Headquarters

3400 W Lawrence Ave
Chicago, IL 60625
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Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.80% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Albany Bank and Trust Company National Association is an FDIC insured institution located in Chicago, IL. It was founded in 1953 and has approximately $0.71 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 17230
Date Established 1953
Assets $ 710.64 million
Loans $ 568.58 million
Deposits $ 588.55 million
Capital $ 116.60 million
 

For a more detailed analysis of Albany Bank and Trust Company National Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - November 8, 2024

Your Current Location: Virginia, VA 20146


Loan Rates - November 8, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Albany Bank and Trust Company National Association

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Virginia 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Monthly
Payment
Learn More
Watermark Capital
NMLS ID: 1838
6.492% 6.375%
0.75 points
$3,934 fees
$1,997 Learn More
PenFed Credit Union
NMLS ID: 401822
6.565% 6.375%
1.00 points
$6,400 fees
$1,997 Learn More
Strong Home Mortgage, LLC
NMLS ID: 1675638
6.631% 6.500%
1.00 points
$4,365 fees
$2,023 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.732% 6.625%
0.88 points
$3,538 fees
$2,049 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR 7.490 %
After Intro: 7.490 %
$0 Learn More
More Info

Note to Albany Bank and Trust Company National Association
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Branches

Albany Bank and Trust Company National Association branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


Albany Bank and Trust Company National Association Locations around zip code 20146




Climate Policy and Initiatives

Albany Bank and Trust Company National Association is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


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Financial Details

Albany Bank and Trust Company National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Albany Bank and Trust Company National Association. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Albany Bank and Trust Company National Association U.S. Bank Average
0.29% 4.48%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2024, Albany Bank and Trust Company National Association had $356,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $116,603,000 in equity and $5,182,000 in loans loss reserves. That gives it a Texas Ratio of 0.29%.

Return on Equity
Albany Bank and Trust Company National Association U.S. Bank Average
4.31% 10.46%

Albany Bank and Trust Company National Association has a Return on Equity of 4.31% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Albany Bank and Trust Company National Association U.S. Bank Average
16.41% 10.84%

Albany Bank and Trust Company National Association has a Capitalization of 16.41% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Albany Bank and Trust Company National Association Balance Sheet Analysis

As of June 30, 2024, Albany Bank and Trust Company National Association had assets of $710,635,000, loans of $568,580,000, and deposits of $588,547,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2024
ASSETS
Cash & Balances due from depository institutions $ 93.66 million
Interest-bearing balances $ 85.98 million
Total securities $ 36.64 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 568.58 million
Loan loss allowance $ 5.18 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.11 million
All other assets $ 7.10 million
     Total Assets $ 594.03 million
LIABILITIES
Total deposits $ 588.55 million
      Interest-bearing deposits $ 447.18 million
      Deposits held in domestic offices $ 588.55 million
      % insured (estimated) 54.35%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 4.30 million
      Total Liabilities $ 594.03 million
      Shareholders’ Equity $ 116.60 million

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income $ 16.88 million
Total Interest Expense $ 6.74 million
Net interest income $ 10.14 million
Provision for loan and lease losses $ 0.22 million
Total non interest income $ 0.39 million
Total non interest expense $ 6.68 million
Pre-tax Net Operating Income $ 4.15 million

Bank Loan Profile?

The top three loan types in Albany Bank and Trust Company National Association’s loan portfolio are Multifamily Mortgages, Commercial Real Estate, and 1-4 Family Residential Loans.

Compared to other banks in Illinois, Albany Bank and Trust Company National Association has a significantly higher percent of Multifamily Mortgages on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 5.18
Multifamily
Mortgages
40.11
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 5.15
Construction and Development Loans 4.86
Commercial Real Estate 30.35
Commercial and Industrial Loans 4.46
Farm Loans 0.00

Customer Reviews for Albany Bank and Trust Company National Association

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