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Allegheny Valley Bank of Pittsburgh

Allegheny Valley Bank of Pittsburgh

Headquarters

5137 Butler Street
Pittsburgh, PA 15201
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Notable Rates	APY	Vs.Others
Savings	N.A.	5.50% →
1-Year CD	N.A.	5.38% →
2-Year CD	N.A.	4.95% →
5-Year CD	N.A.	4.55% →
30-Year Mortgage	N.A.	4.91% →
15-Year Mortgage	N.A.	4.39% →
HELOC	N.A.	0.99% →

Overview
Climate
Financial Details
FAQs
Reviews

2024 Overview

General Bank Information

Allegheny Valley Bank of Pittsburgh is an FDIC insured institution located in Pittsburgh, PA. It was founded in 1900 and has approximately $0.45 billion in assets.


FDIC Insured	Yes
FDIC Certificate	# 6058
Date Established	1900
Assets	$ 438.01 million
Loans	$ 314.63 million
Deposits	$ 334.14 million
Capital	$ 48.40 million

For a more detailed analysis of Allegheny Valley Bank of Pittsburgh's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 26, 2024

Your Current Location: Connecticut, CT 10007

Loan Rates - July 26, 2024

Your Current Location: Connecticut, CT 10007

There are currently no loan rates available for Allegheny Valley Bank of Pittsburgh

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

Featured - Connecticut 30 Year Fixed Mortgage Rates 2024

Lender	APR	Rate (%)	Monthly Payment	Learn More
NMLS ID: 6606	6.585%	6.490% 1.00 points $3,178 fees	$2,021	Learn More
NMLS ID: 1025894	6.701%	6.625% 0.63 points $2,505 fees	$2,049	Learn More
NMLS ID: 3030	7.064%	6.990% 0.75 points $2,400 fees	$2,127	Learn More
NMLS ID: 1907		points fees		Learn More

See More Mortgage Rates →

Featured - Connecticut Home Equity Line Of Credit Rates 2024

Lender	APR (%)^?	Monthly Payment^?	Learn More
Third Federal Savings and Loan See Table	7.990 %	$0	Learn More More Info
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com. Third Federal rate are typically 20% lower than other leaders Guaranteed Lowest Rate No closing costs, prepayment penalties, or minimum draw requirements 10 year draw period
Eastern Bank See Table	8.250 %	$25,000	Learn More More Info
The Annual Percentage Rate (APR) is variable and based on the Prime Rate (Prime) published in the Wall Street Journal (8.50% APR on 7/1/2024) minus 0.25% APR adjusted after each billing cycle. To qualify for the lowest rate, a minimum draw of $25,000 is required at closing with automatic payments from an Eastern Checking Account. Minimum APR is 3.99%. Maximum APR is 18%. Minimum line amount is $10,000 and maximum line amount is $2,000,000. Line must be for first or second lien, secured by your 1-4 family primary or secondary residence located in MA, NH, RI and CT. Investment properties are not eligible to be used to secure the line. Combined loan to value limits apply. Property insurance is required. Flood insurance may be required. Homes currently on the market are not eligible. Subject to credit application and approval. Rates are subject to change without notice. FlexEquity lines (Home Equity Line of Credit) are subject to a $50 annual participation fee (waived for Premier or Select Checking account customers). A $350 early cancellation fee applies if the line is closed or rewritten within the first 24 months. Appraisal fees may apply in instances where the line is greater than $400,000. Appraisal fees range from $490 for single family homes to $610 for multifamily properties. Properties with unique characteristics or location may have higher appraisal and/or other fees. Title Search is paid by Eastern Bank as is Title Insurance unless the amount borrowed is greater than $750,000 then customer may incur a title Insurance fee, the fee varies by loan amount and state (CT, MA, NH & RI). In addition, certain fees could apply depending on your situation. For instance, the customer is responsible for trust and power of attorney review ($100 each) and recording fees for power of attorney and for properties held in trust ($105- $123). An itemized list of fees is available upon request. Simple online applications means you can apply anywhere. Ability to convert your variable rate into as many as five fixed-rate loans. No appraisal fees for line requests under $400k! Easy access to funds through your phone or online.

See More Home Equity Rates →

Note to Allegheny Valley Bank of Pittsburgh
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Branches

Allegheny Valley Bank of Pittsburgh 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:
Derby,Connecticut

Allegheny Valley Bank of Pittsburgh Locations around zip code 10007

Branch	Distance	Map	View Lobby Hours

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Climate Policy and Initiatives

Allegheny Valley Bank of Pittsburgh 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

Allegheny Valley Bank of Pittsburgh Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Allegheny Valley Bank of Pittsburgh. 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

Allegheny Valley Bank of Pittsburgh	U.S. Bank Average
10.34%	4.29%

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 March 31, 2024, Allegheny Valley Bank of Pittsburgh had $5,362,000 in non-current loans and $42,000 in owned real estate. To cover these potential losses it had $48,396,000 in equity and $3,886,000 in loans loss reserves. That gives it a Texas Ratio of 10.34%.

Return on Equity

Allegheny Valley Bank of Pittsburgh	U.S. Bank Average
6.16%	10.46%

Allegheny Valley Bank of Pittsburgh has a Return on Equity of 6.16% 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

Allegheny Valley Bank of Pittsburgh	U.S. Bank Average
11.05%	10.73%

Allegheny Valley Bank of Pittsburgh has a Capitalization of 11.05% versus the BestCashCow average of 10.73. 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.

Allegheny Valley Bank of Pittsburgh Balance Sheet Analysis

As of March 31, 2017, Allegheny Valley Bank of Pittsburgh had assets of $446,704,000, loans of $314,627,000, and deposits of $334,137,000. 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

March 31, 2024

ASSETS
Cash & Balances due from depository institutions	N.A.
Interest-bearing balances	N.A.
Total securities	N.A.
Federal funds sold and reverse repurchase	N.A.
Net loans and leases	$ 314.63 million
Loan loss allowance	$ 3.89 million
Trading account assets	N.A.
Bank premises and fixed assets	N.A.
Other real estate owned	$ 0.04 million
Goodwill and other intangibles	N.A.
All other assets	N.A.
Total Assets	N.A.

LIABILITIES
Total deposits	$ 334.14 million
Interest-bearing deposits	N.A.
Deposits held in domestic offices	N.A.
% insured (estimated)	0.00%
Federal funds purchased and repurchase agreements	N.A.
Trading liabilities	N.A.
Other borrowed funds	N.A.
Subordinated debt	N.A.
All other liabilities	N.A.
Total Liabilities	N.A.
Shareholders’ Equity	$ 438.01 million

Summary Income Statement

March 31, 2024

INCOME AND EXPENSES
Total Interest Income	N.A.
Total Interest Expense	N.A.
Net interest income	N.A.
Provision for loan and lease losses	N.A.
Total non interest income	N.A.
Total non interest expense	N.A.
Pre-tax Net Operating Income	N.A.

Bank Loan Profile^?

The top three loan types in Allegheny Valley Bank of Pittsburgh’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Pennsylvania, Allegheny Valley Bank of Pittsburgh has a significantly higher percent of Credit Card Loans, Small Business Loans, Commercial Real Estate 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	45.48		✓
Multifamily Mortgages	3.07		✓
Credit Card Loans	0.20			✓
Consumer Auto Loans	0.02		✓
Small Business Loans	15.34			✓
Construction and Development Loans	4.10		✓
Commercial Real Estate	37.10			✓
Commercial and Industrial Loans	9.80		✓
Farm Loans	0.00	✓

Customer Reviews for Allegheny Valley Bank of Pittsburgh

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