Altoona First Savings Bank

203 North Logan Boulevard
Altoona, PA 16603

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 27711
Date Established 1927
Assets $0.22 billion
Loans $0.16 billion
Deposits $0.19 billion
Capital $0.03 billion

Altoona First Savings Bank is an FDIC insured institution located in Altoona, PA. It was founded in 1927 and has approximately $0.22 billion in assets. Customers can open an account at one of its 5 branches.

For a more detailed analysis of Altoona First Savings 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 Altoona First Savings Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Multifamily Mortgages.

Compared to other banks, Altoona First Savings Bank’s loan portfolio does not show any specific loan specialty.

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 45.72
Multifamily
Mortgages
7.75
Credit Card Loans 0.00
Consumer Auto Loans 0.06
Small Business Loans 0.00
Construction and Development Loans 5.52
Commercial Real Estate 28.67
Commercial and Industrial Loans 6.35
Farm Loans 0.00

Deposit Rates - January 22, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.33% $2,500 $9,999 Learn MoreShow Less
Money Market
0.57% $10,000 $19,999 Learn MoreShow Less
Money Market
0.71% $20,000 $39,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.25% $1,000 - Learn MoreShow Less
6 Mo CD
0.50% $1,000 - Learn MoreShow Less
12 Mo CD
1.00% $1,000 - Learn MoreShow Less
Special: 13 Mo CD
2.50% $1,000 - Learn MoreShow Less
18 Mo CD
1.00% $1,000 - Learn MoreShow Less
24 Mo CD
1.00% $1,000 - Learn MoreShow Less
Special: 25 Mo CD
2.80% $1,000 - Learn MoreShow Less
30 Mo CD
1.50% $1,000 - Learn MoreShow Less
36 Mo CD
1.60% $1,000 - Learn MoreShow Less
48 Mo CD
1.75% $1,000 - Learn MoreShow Less
60 Mo CD
2.50% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.00% $100 - Learn MoreShow Less
Special: 13 Mo FIRA
2.50% $1,000 - Learn MoreShow Less
Special: 25 Mo FIRA
2.80% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.99% $1,000 $4,999 Learn MoreShow Less
Checking Rates APY MIN FEE
Kasasa Cash 2.75% $0 $0.00 Learn MoreShow Less

Loan Rates - January 22, 2019

Your Current Location: Virginia, VA 20146

Home Equity Rates APR Rate Monthly Payment
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Altoona First Savings 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


Altoona First Savings Bank Locations

Financial Details

Altoona First Savings Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Altoona First Savings 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
Altoona First Savings Bank U.S. Bank Average
1.81% 7.34%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s 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 September 30, 2018, Altoona First Savings Bank had $190,000 in non-current loans and $390,000 in owned real estate. To cover these potential losses it had $30,824,000 in equity and $1,184,000 in loans loss reserves. That gives it a Texas Ratio of 1.81%.

Return on Equity
Altoona First Savings Bank U.S. Bank Average
5.83% 9.95%

Altoona First Savings Bank has a Return on Equity of 5.83% versus the BestCashCow average of 9.95%. 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
Altoona First Savings Bank U.S. Bank Average
14.12% 12.19%

Altoona First Savings Bank has a Capitalization of 14.12% versus the BestCashCow average of 12.19. 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.

Altoona First Savings Bank Balance Sheet Analysis

As of September 30, 2018, Altoona First Savings Bank had assets of $218,232,000, loans of $160,483,000, and deposits of $185,418,000. 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

September 30, 2018
ASSETS
Cash & Balances due from depository institutions $0.03 billion
Interest-bearing balances $0.03 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.16 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.01 billion
     Total Assets $0.19 billion
LIABILITIES
Total deposits $0.19 billion
      Interest-bearing deposits $0.15 billion
      Deposits held in domestic offices $0.19 billion
      % insured (estimated) 95.47%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.19 billion
      Shareholders’ Equity $0.03 billion

Summary Income Statement

September 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Altoona First Savings Bank

Branches and Savings

Is Altoona First Savings Bank FDIC insured?

Yes. It is covered under FDIC Certificate #27711.

Why does Altoona First Savings Bank pay such low interest on savings accounts?

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

Why are Altoona First Savings Bank CD rates not competitive?

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

Is Altoona First Savings Bank a commercial bank?

Yes

Where are Altoona First Savings Bank locations?

See branch locations nearby.

Is Altoona First Savings Bank open on Saturdays?

Is Altoona First Savings Bank open on Sundays?

What time does Altoona First Savings Bank open?

What time does Altoona First Savings Bank close?

Are Altoona First Savings Bank ATMs Open 24/7?

Do Altoona First Savings Bank ATMs accept cash deposits?

Can Altoona First Savings Bank customers use other ATMs?

Do Altoona First Savings Bank branches have notaries?

Will Altoona First Savings Bank notarize my document?

What address for Altoona First Savings Bank should I put for incoming ACH transfers?

Will the Altoona First Savings Bank branch print checks?

Do Altoona First Savings Bank checks expire?

Does Altoona First Savings Bank require US citizenship to open account?

Can Altoona First Savings Bank close my account?

Does Altoona First Savings Bank Report to credit bureaus?

Does Altoona First Savings Bank Use Equifax?

What is Altoona First Savings Bank's ACH Routing Number?

What is Altoona First Savings Bank's SWIFT code?

Products

Does Altoona First Savings Bank offer mortgages?

Compare mortgage rates here.

Does Altoona First Savings Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Altoona First Savings Bank offer personal loans?

Compare personal loan rates here.

Does Altoona First Savings Bank offer student loans?

Will Altoona First Savings Bank cash a check?

Will Altoona First Savings Bank redeem a savings bond?

Does Altoona First Savings Bank cash savings bonds?

Will Altoona First Savings Bank cash money orders?

Can Altoona First Savings Bank issue a money order?

Does Altoona First Savings Bank do currency exchange?

Background on The Bank

Who owns Altoona First Savings Bank?

How long has Altoona First Savings Bank been around?

Can Altoona First Savings Bank transfer to other banks?

Does Altoona First Savings Bank have quick pay?

Does Altoona First Savings Bank accept rolled coins?

Will Altoona First Savings Bank accept loose change?

Where is Altoona First Savings Bank headquarters?

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*All images, logos and public notes on this page appear courtesy of Altoona First Savings Bank and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.