Availa Bank

Headquarters

126 West 6th
Carroll, IA 51401
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.02% 1.05% →
1-Year CD 0.25% 0.95% →
2-Year CD 0.50% 1.05% →
5-Year CD 0.80% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Availa Bank is an FDIC insured institution located in Carroll, IA. It was founded in 1870 and has approximately $1.1 billion in assets. Customers can open an account at one of its 13 branches.

FDIC Insured Yes
FDIC Certificate # 11771
Date Established 1870
Assets $ 1,099.47 million
Loans $ 751.24 million
Deposits $ 930.88 million
Capital $ 118.65 million
 

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

Deposit Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.02% $1 $9,999 Learn More
Money Market
0.02% $1 $9,999 Learn More
Money Market
0.05% $10,000 $24,999 Learn More
Money Market
0.10% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $500 - Learn More
6 Mo CD
0.15% $500 - Learn More
12 Mo CD
0.25% $500 - Learn More
Special: 13 Mo CD
0.50% $1 - Learn More
18 Mo CD
0.35% $500 - Learn More
24 Mo CD
0.50% $500 - Learn More
Special: 36 Mo CD
0.70% $1 - Learn More
36 Mo CD
0.60% $500 - Learn More
48 Mo CD
0.70% $500 - Learn More
60 Mo CD
0.80% $500 - Learn More

Fixed IRA Rates APY MIN MAX
Special: 12 Mo FIRA
0.50% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.65% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.02% $1 $9,999 Learn MoreShow Less

Loan Rates - September 25, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Availa 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
2.815% 2.750% 0.88 $2,122 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info

Note to Availa Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Availa 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


Availa Bank Locations


Financial Details

Availa Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Availa 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
Availa Bank U.S. Bank Average
3.02% 6.94%

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 March 31, 2020, Availa Bank had $2,459,000 in non-current loans and $1,376,000 in owned real estate. To cover these potential losses it had $118,652,000 in equity and $8,258,000 in loans loss reserves. That gives it a Texas Ratio of 3.02%.

Return on Equity
Availa Bank U.S. Bank Average
8.31% 7.80%

Availa Bank has a Return on Equity of 8.31% versus the BestCashCow average of 7.80%. 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
Availa Bank U.S. Bank Average
10.79% 12.68%

Availa Bank has a Capitalization of 10.79% versus the BestCashCow average of 12.68. 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.

Availa Bank Balance Sheet Analysis

As of March 31, 2020, Availa Bank had assets of $1,099,471,000, loans of $751,236,000, and deposits of $930,878,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 76.63 million
Interest-bearing balances $ 56.01 million
Total securities $ 190.94 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 751.24 million
Loan loss allowance $ 8.26 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.38 million
Goodwill and other intangibles $ 24.29 million
All other assets $ 30.85 million
     Total Assets $ 980.82 million
LIABILITIES
Total deposits $ 930.88 million
      Interest-bearing deposits $ 801.99 million
      Deposits held in domestic offices $ 930.88 million
      % insured (estimated) 86.74%
Federal funds purchased and repurchase agreements $ 13.34 million
Trading liabilities N.A.
Other borrowed funds $ 30.00 million
Subordinated debt N.A.
All other liabilities $ 6.60 million
      Total Liabilities $ 980.82 million
      Shareholders’ Equity $ 118.65 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 10.67 million
Total Interest Expense $ 2.40 million
Net interest income $ 8.27 million
Provision for loan and lease losses N.A.
Total non interest income $ 1.07 million
Total non interest expense $ 6.33 million
Pre-tax Net Operating Income $ 3.01 million

Bank Loan Profile?

The top three loan types in Availa Bank’s loan portfolio are Farm Loans, Commercial Real Estate, and 1-4 Family Residential Loans.

Compared to other banks in Iowa, Availa Bank has a significantly higher percent of Small Business 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 16.27
Multifamily
Mortgages
2.89
Credit Card Loans 0.00
Consumer Auto Loans 0.49
Small Business Loans 5.44
Construction and Development Loans 4.05
Commercial Real Estate 16.31
Commercial and Industrial Loans 11.40
Farm Loans 21.90

Frequently Asked Questions About Availa Bank

Branches and Savings

Is Availa Bank FDIC insured?

Yes. It is covered under FDIC Certificate #11771.

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

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

Why are Availa Bank CD rates not competitive?

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

Is Availa Bank a commercial bank?

Yes

Where are Availa Bank locations?

See branch locations nearby.

Is Availa Bank open on Saturdays?

Is Availa Bank open on Sundays?

What time does Availa Bank open?

What time does Availa Bank close?

Are Availa Bank ATMs Open 24/7?

Do Availa Bank ATMs accept cash deposits?

Can Availa Bank customers use other ATMs?

Do Availa Bank branches have notaries?

Will Availa Bank notarize my document?

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

Will the Availa Bank branch print checks?

Do Availa Bank checks expire?

Does Availa Bank require US citizenship to open account?

Can Availa Bank close my account?

Does Availa Bank Report to credit bureaus?

Does Availa Bank Use Equifax?

What is Availa Bank's ACH Routing Number?

What is Availa Bank's SWIFT code?

Products

Does Availa Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Availa Bank offer personal loans?

Compare personal loan rates here.

Does Availa Bank offer student loans?

Will Availa Bank cash a check?

Will Availa Bank redeem a savings bond?

Does Availa Bank cash savings bonds?

Will Availa Bank cash money orders?

Can Availa Bank issue a money order?

Does Availa Bank do currency exchange?

Background on The Bank

Who owns Availa Bank?

How long has Availa Bank been around?

Can Availa Bank transfer to other banks?

Does Availa Bank have quick pay?

Does Availa Bank accept rolled coins?

Will Availa Bank accept loose change?

Where is Availa Bank headquarters?

Customer Reviews for Availa Bank

There are currently no comments for Availa Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →