Altura State Bank

Headquarters

411 Main Street, N.W.
Altura, MN 55910
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.40% →
1-Year CD N.A. 1.15% →
2-Year CD N.A. 1.26% →
5-Year CD N.A. 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

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.

FDIC Insured Yes
FDIC Certificate # 10173
Date Established 1910
Assets $ 48.17 million
Loans $ 29.41 million
Deposits $ 40.34 million
Capital $ 7.70 million
 

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.

Deposit Rates - July 3, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - July 3, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Altura 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
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
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Note to Altura State Bank
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Branches

Altura 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


Altura State Bank Locations


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 BestCashCow.com 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% 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, 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%.

Return on Equity
Altura State Bank U.S. Bank Average
4.42% 9.41%

Altura State Bank has a Return on Equity of 4.42% 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
Altura State Bank U.S. Bank Average
15.99% 12.82%

Altura State Bank has a Capitalization of 15.99% 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.

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.

Summary Balance Sheet

December 31, 2019
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 $ 29.41 million
Loan loss allowance $ 0.20 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 40.34 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 $ 48.17 million

Summary Income Statement

December 31, 2019
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 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 12.37
Multifamily
Mortgages
0.00
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

Frequently Asked Questions About Altura State Bank

Branches and Savings

Is Altura State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #10173.

Why does Altura 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 Altura State Bank CD rates not competitive?

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

Is Altura State Bank a commercial bank?

Yes

Where are Altura State Bank locations?

See branch locations nearby.

Is Altura State Bank open on Saturdays?

Is Altura State Bank open on Sundays?

What time does Altura State Bank open?

What time does Altura State Bank close?

Are Altura State Bank ATMs Open 24/7?

Do Altura State Bank ATMs accept cash deposits?

Can Altura State Bank customers use other ATMs?

Do Altura State Bank branches have notaries?

Will Altura State Bank notarize my document?

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

Will the Altura State Bank branch print checks?

Do Altura State Bank checks expire?

Does Altura State Bank require US citizenship to open account?

Can Altura State Bank close my account?

Does Altura State Bank Report to credit bureaus?

Does Altura State Bank Use Equifax?

What is Altura State Bank's ACH Routing Number?

What is Altura State Bank's SWIFT code?

Products

Does Altura State Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Altura State Bank offer personal loans?

Compare personal loan rates here.

Does Altura State Bank offer student loans?

Will Altura State Bank cash a check?

Will Altura State Bank redeem a savings bond?

Does Altura State Bank cash savings bonds?

Will Altura State Bank cash money orders?

Can Altura State Bank issue a money order?

Does Altura State Bank do currency exchange?

Background on The Bank

Who owns Altura State Bank?

How long has Altura State Bank been around?

Can Altura State Bank transfer to other banks?

Does Altura State Bank have quick pay?

Does Altura State Bank accept rolled coins?

Will Altura State Bank accept loose change?

Where is Altura State Bank headquarters?

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