Altura State Bank

411 Main Street, N.W.
Altura, MN 55910


General Bank Information

FDIC Insured Yes
FDIC Certificate # 10173
Date Established 1910
Assets $0.05 billion
Loans $0.03 billion
Deposits $0.04 billion
Capital $0.01 billion

Altura State Bank is an FDIC insured institution located in Altura, MN. It was founded in 1910 and has approximately $0.05 billion in assets.

For a more detailed analysis of Altura State 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 Altura State Bank’s loan portfolio are Farm Loans, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks, Altura State 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 12.37
Credit Card Loans 0.00
Consumer Auto Loans 1.56
Small Business Loans 3.61
Construction and Development Loans 0.34
Commercial Real Estate 3.61
Commercial and Industrial Loans 9.17
Farm Loans 24.05

Savings Rates

Your Current Location: Virginia, VA 20146

Loan Rates

Your Current Location: Virginia, VA 20146

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Financial Details

Altura State Bank Ratio Analysis

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

Texas Ratio
Altura State Bank U.S. Bank Average
2.82% 9.04%

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 December 31, 2016, Altura State Bank had $223,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $7,702,000 in equity and $200,000 in loans loss reserves. That gives it a Texas Ratio of 2.82%. 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
Altura State Bank U.S. Bank Average
4.42% 8.42%

Altura State Bank has a Return on Equity of 4.42% versus the BestCashCow average of 8.42%. 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.

Altura State Bank U.S. Bank Average
15.99% 11.86%

Altura State Bank has a Capitalization of 15.99% versus the BestCashCow average of 11.86%. 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.

Altura State Bank Balance Sheet Analysis

As of June 30, 2016, Altura State Bank had assets of $48,170,000, loans of $29,412,000, and deposits of $40,338,000. 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.

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