Almena State Bank

Headquarters

500 Main Street
Almena, KS 67622
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 1.40% →
1-Year CD 0.64% 1.15% →
2-Year CD 0.67% 1.26% →
5-Year CD 1.03% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Almena State Bank is an FDIC insured institution located in Almena, KS. It was founded in 1934 and has approximately $0.08 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 15426
Date Established 1934
Assets $ 78.45 million
Loans $ 57.13 million
Deposits $ 70.48 million
Capital $ 3.88 million
 

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

Deposit Rates - July 2, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $1 - Learn More
Money Market
0.75% $1,000 $9,999 Learn More
Money Market
0.85% $10,000 $49,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.50% $2,000 - Learn More
12 Mo CD
0.64% $2,000 - Learn More
18 Mo CD
0.64% $2,000 - Learn More
24 Mo CD
0.67% $2,000 - Learn More
36 Mo CD
0.81% $2,000 - Learn More
48 Mo CD
0.95% $2,000 - Learn More
60 Mo CD
1.03% $2,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.64% $2,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $2,500 - Learn MoreShow Less

Loan Rates - July 2, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Almena State Bank

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
More Info

Note to Almena State Bank
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Branches

Almena State 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:
Fairfield,Connecticut


Almena State Bank Locations


Financial Details

Almena State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Almena State 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
Almena State Bank U.S. Bank Average
191.6% 6.51%

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 December 31, 2019, Almena State Bank had $13,933,000 in non-current loans and $824,000 in owned real estate. To cover these potential losses it had $3,881,000 in equity and $3,821,000 in loans loss reserves. That gives it a Texas Ratio of 191.6%.

Return on Equity
Almena State Bank U.S. Bank Average
-101.93% 9.41%

Almena State Bank has a Return on Equity of -101.93% versus the BestCashCow average of 9.41%. 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
Almena State Bank U.S. Bank Average
4.95% 12.82%

Almena State Bank has a Capitalization of 4.95% versus the BestCashCow average of 12.82. 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.

Almena State Bank Balance Sheet Analysis

As of December 31, 2019, Almena State Bank had assets of $78,448,000, loans of $57,129,000, and deposits of $70,476,000. 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

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 0.91 million
Interest-bearing balances $ 0.00 million
Total securities $ 13.03 million
Federal funds sold and reverse repurchase $ 2.45 million
Net loans and leases $ 57.13 million
Loan loss allowance $ 3.82 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.82 million
Goodwill and other intangibles N.A.
All other assets $ 1.17 million
     Total Assets $ 74.57 million
LIABILITIES
Total deposits $ 70.48 million
      Interest-bearing deposits $ 60.19 million
      Deposits held in domestic offices $ 70.48 million
      % insured (estimated) 97.46%
Federal funds purchased and repurchase agreements $ 0.93 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 3.17 million
      Total Liabilities $ 74.57 million
      Shareholders’ Equity $ 3.88 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 5.94 million
Total Interest Expense $ 1.95 million
Net interest income $ 3.99 million
Provision for loan and lease losses $ 6.86 million
Total non interest income $ 3.49 million
Total non interest expense $ 6.86 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Almena State Bank’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Kansas, Almena State Bank has a significantly higher percent of Commercial and Industrial Loans, Farm Loans 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 6.63
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 3.23
Small Business Loans 3.21
Construction and Development Loans 0.00
Commercial Real Estate 21.53
Commercial and Industrial Loans 23.83
Farm Loans 37.03

Frequently Asked Questions About Almena State Bank

Branches and Savings

Is Almena State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #15426.

Why does Almena State Bank pay such low interest on savings accounts?

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

Why are Almena State Bank CD rates not competitive?

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

Is Almena State Bank a commercial bank?

Yes

Where are Almena State Bank locations?

See branch locations nearby.

Is Almena State Bank open on Saturdays?

Is Almena State Bank open on Sundays?

What time does Almena State Bank open?

What time does Almena State Bank close?

Are Almena State Bank ATMs Open 24/7?

Do Almena State Bank ATMs accept cash deposits?

Can Almena State Bank customers use other ATMs?

Do Almena State Bank branches have notaries?

Will Almena State Bank notarize my document?

What address for Almena State Bank should I put for incoming ACH transfers?

Will the Almena State Bank branch print checks?

Do Almena State Bank checks expire?

Does Almena State Bank require US citizenship to open account?

Can Almena State Bank close my account?

Does Almena State Bank Report to credit bureaus?

Does Almena State Bank Use Equifax?

What is Almena State Bank's ACH Routing Number?

What is Almena State Bank's SWIFT code?

Products

Does Almena State Bank offer mortgages?

Compare mortgage rates here.

Does Almena State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Almena State Bank offer personal loans?

Compare personal loan rates here.

Does Almena State Bank offer student loans?

Will Almena State Bank cash a check?

Will Almena State Bank redeem a savings bond?

Does Almena State Bank cash savings bonds?

Will Almena State Bank cash money orders?

Can Almena State Bank issue a money order?

Does Almena State Bank do currency exchange?

Background on The Bank

Who owns Almena State Bank?

How long has Almena State Bank been around?

Can Almena State Bank transfer to other banks?

Does Almena State Bank have quick pay?

Does Almena State Bank accept rolled coins?

Will Almena State Bank accept loose change?

Where is Almena State Bank headquarters?

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