Bank of Alameda

Headquarters

2130 Otis Drive
Alameda, CA 94501
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 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

Bank of Alameda is an FDIC insured institution located in Alameda, CA. It was founded in 1998 and has approximately $0.27 billion in assets.

FDIC Insured Yes
FDIC Certificate # 34577
Date Established 1998
Assets $ 271.64 million
Loans $ 173.40 million
Deposits $ 237.27 million
Capital $ 33.80 million
 

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

Deposit Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Bank of Alameda

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

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Payment
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Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.575% 2.500% 1.00 $2,468 $988 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
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2.240 %
$0 Learn More
More Info

Note to Bank of Alameda
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Branches

Bank of Alameda 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


Bank of Alameda Locations


Financial Details

Bank of Alameda Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Alameda. 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
Bank of Alameda U.S. Bank Average
3.31% 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, Bank of Alameda had $788,000 in non-current loans and $461,000 in owned real estate. To cover these potential losses it had $33,803,000 in equity and $3,917,000 in loans loss reserves. That gives it a Texas Ratio of 3.31%.

Return on Equity
Bank of Alameda U.S. Bank Average
29.4% 7.80%

Bank of Alameda has a Return on Equity of 29.4% 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
Bank of Alameda U.S. Bank Average
12.44% 12.68%

Bank of Alameda has a Capitalization of 12.44% 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.

Bank of Alameda Balance Sheet Analysis

As of September 30, 2013, Bank of Alameda had assets of $271,640,000, loans of $173,395,000, and deposits of $237,271,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 173.40 million
Loan loss allowance $ 3.92 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.46 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 237.27 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 $ 271.64 million

Summary Income Statement

March 31, 2020
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 Bank of Alameda’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in California, Bank of Alameda 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 24.65
Multifamily
Mortgages
4.78
Credit Card Loans 0.00
Consumer Auto Loans 0.28
Small Business Loans 12.69
Construction and Development Loans 3.62
Commercial Real Estate 57.15
Commercial and Industrial Loans 7.97
Farm Loans 0.00

Frequently Asked Questions About Bank Of Alameda

Branches and Savings

Is Bank Of Alameda FDIC insured?

Yes. It is covered under FDIC Certificate #34577.

Why does Bank Of Alameda pay such low interest on savings accounts?

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

Why are Bank Of Alameda CD rates not competitive?

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

Is Bank Of Alameda a commercial bank?

Yes

Where are Bank Of Alameda locations?

See branch locations nearby.

Is Bank Of Alameda open on Saturdays?

Is Bank Of Alameda open on Sundays?

What time does Bank Of Alameda open?

What time does Bank Of Alameda close?

Are Bank Of Alameda ATMs Open 24/7?

Do Bank Of Alameda ATMs accept cash deposits?

Can Bank Of Alameda customers use other ATMs?

Do Bank Of Alameda branches have notaries?

Will Bank Of Alameda notarize my document?

What address for Bank Of Alameda should I put for incoming ACH transfers?

Will the Bank Of Alameda branch print checks?

Do Bank Of Alameda checks expire?

Does Bank Of Alameda require US citizenship to open account?

Can Bank Of Alameda close my account?

Does Bank Of Alameda Report to credit bureaus?

Does Bank Of Alameda Use Equifax?

What is Bank Of Alameda's ACH Routing Number?

What is Bank Of Alameda's SWIFT code?

Products

Does Bank Of Alameda offer mortgages?

Compare mortgage rates here.

Does Bank Of Alameda offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of Alameda offer personal loans?

Compare personal loan rates here.

Does Bank Of Alameda offer student loans?

Will Bank Of Alameda cash a check?

Will Bank Of Alameda redeem a savings bond?

Does Bank Of Alameda cash savings bonds?

Will Bank Of Alameda cash money orders?

Can Bank Of Alameda issue a money order?

Does Bank Of Alameda do currency exchange?

Background on The Bank

Who owns Bank Of Alameda?

How long has Bank Of Alameda been around?

Can Bank Of Alameda transfer to other banks?

Does Bank Of Alameda have quick pay?

Does Bank Of Alameda accept rolled coins?

Will Bank Of Alameda accept loose change?

Where is Bank Of Alameda headquarters?

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