Alma Bank

28-31 31st Street
Astoria, NY 11102

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 58424
Date Established 2007
Assets $1.08 billion
Loans $0.90 billion
Deposits $0.91 billion
Capital $0.11 billion

Alma Bank is an FDIC insured institution located in Astoria, NY. It was founded in 2007 and has approximately $1.08 billion in assets. Customers can open an account at one of its 14 branches.

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

Bank Loan Profile?

The top three loan types in Alma Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Multifamily Mortgages.

Compared to other banks in New York, Alma Bank has a significantly higher percent of 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 2.43
Multifamily
Mortgages
13.04
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 8.57
Construction and Development Loans 4.82
Commercial Real Estate 63.00
Commercial and Industrial Loans 18.49
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.15% $2,500 - Learn MoreShow Less
6 Mo CD 10K
0.15% $2,500 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.40% $100 - Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
Fixed IRA 0K
0.55% $2,500 - Learn MoreShow Less
Special: 15 Mo FIRA
1.60% $2,500 $245,000 Learn MoreShow Less
Special: 30 Mo FIRA
1.77% $2,500 $245,000 Learn MoreShow Less
MM Rates APY MIN MAX
MM 2.5K
0.15% $1,000 $4,999 Learn MoreShow Less
MM 10K
0.30% $10,000 $24,999 Learn MoreShow Less
MM 25K
0.35% $25,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.25% $1,000 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Alma Bank

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 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
US Wide Financial
NMLS ID: 55028
License#: MC-5809
3.761% 3.750% -0.13 $335 $1,158 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.248% 4.180% 0.50 $2,049 $1,220 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Alma Bank
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Branches

Alma Bank 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


Alma Bank Locations

Financial Details

Alma Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Alma Bank. 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
Alma Bank U.S. Bank Average
16.05% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Alma Bank had $20,486,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $110,816,000 in equity and $16,820,000 in loans loss reserves. That gives it a Texas Ratio of 16.05%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Alma Bank U.S. Bank Average
3.91% 8.58

Alma Bank has a Return on Equity of 3.91% versus the BestCashCow average of 8.58. 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
Alma Bank U.S. Bank Average
10.3% 12.11

Alma Bank has a Capitalization of 10.3% versus the BestCashCow average of 12.11. 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.

Alma Bank Balance Sheet Analysis

As of June 30, 2017, Alma Bank had assets of $1,075,640,000, loans of $901,610,000, and deposits of $908,386,000. 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.

Frequently Asked Questions About Alma Bank

Branches and Savings

Is Alma Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58424.

Why does Alma Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Alma Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Alma Bank a commercial bank?

Yes

Where are Alma Bank locations?

See branch locations nearby.

Is Alma Bank open on Saturdays?

Is Alma Bank open on Sundays?

What time does Alma Bank open?

What time does Alma Bank close?

Are Alma Bank ATMs Open 24/7?

Do Alma Bank ATMs accept cash deposits?

Can Alma Bank customers use other ATMs?

Do Alma Bank branches have notaries?

Will Alma Bank notarize my document?

What address for Alma Bank should I put for incoming ACH transfers?

Will the Alma Bank branch print checks?

Do Alma Bank checks expire?

Does Alma Bank require US citizenship to open account?

Can Alma Bank close my account?

Does Alma Bank Report to credit bureaus?

Does Alma Bank Use Equifax?

What is Alma Bank's ACH Routing Number?

What is Alma Bank's SWIFT code?

Products

Does Alma Bank offer mortgages?

Compare mortgage rates here.

Does Alma Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Alma Bank offer personal loans?

Compare personal loan rates here.

Does Alma Bank offer student loans?

Will Alma Bank cash a check?

Will Alma Bank redeem a savings bond?

Does Alma Bank cash savings bonds?

Will Alma Bank cash money orders?

Can Alma Bank issue a money order?

Does Alma Bank do currency exchange?

Background on The Bank

Who owns Alma Bank?

How long has Alma Bank been around?

Can Alma Bank transfer to other banks?

Does Alma Bank have quick pay?

Does Alma Bank accept rolled coins?

Will Alma Bank accept loose change?

Where is Alma Bank headquarters?

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