Bank of Alpena

468 Ripley Boulevard
Alpena, MI 49707

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57029
Date Established 2001
Assets $0.07 billion
Loans $0.03 billion
Deposits $0.06 billion
Capital $0.01 billion

Bank of Alpena is an FDIC insured institution located in Alpena, MI. It was founded in 2001 and has approximately $0.07 billion in assets.

For a more detailed analysis of Bank of Alpena'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 Bank of Alpena’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks, Bank of Alpena’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 33.81
Multifamily
Mortgages
0.23
Credit Card Loans 0.00
Consumer Auto Loans 0.46
Small Business Loans 26.71
Construction and Development Loans 4.70
Commercial Real Estate 44.84
Commercial and Industrial Loans 16.75
Farm Loans 0.07

Savings Rates

Your Current Location: Virginia, VA 20146

There are currently no rates available for Bank Of Alpena, but see these great savings and CD rates:


Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Alpena

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
4.000% 4.000% 0.00 $0 $1,194 Learn More
HomeDirect Mortgage
NMLS ID: 420821
3.888% 3.875% 0.13 $497 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Bank of Alpena
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Branches

Bank of Alpena 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


Bank Of Alpena Locations

Financial Details

Bank of Alpena Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Alpena. 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 Alpena U.S. Bank Average
23.92% 8.45

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 June 30, 2017, Bank of Alpena had $1,729,000 in non-current loans and $136,000 in owned real estate. To cover these potential losses it had $7,131,000 in equity and $666,000 in loans loss reserves. That gives it a Texas Ratio of 23.92%. 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
Bank of Alpena U.S. Bank Average
4.68% 8.58

Bank of Alpena has a Return on Equity of 4.68% versus the BestCashCow average of 8.58. 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 Alpena U.S. Bank Average
10.33% 12.11

Bank of Alpena has a Capitalization of 10.33% versus the BestCashCow average of 12.11. 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 Alpena Balance Sheet Analysis

As of June 30, 2014, Bank of Alpena had assets of $69,046,000, loans of $34,073,000, and deposits of $61,689,000. 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.

Frequently Asked Questions About Bank of Alpena

Branches and Savings

Is Bank of Alpena FDIC insured?

Yes. It is covered under FDIC Certificate #57029.

Why does Bank of Alpena 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 Alpena CD rates not competitive?

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

Is Bank of Alpena a commercial bank?

Yes

Where are Bank of Alpena locations?

See branch locations nearby.

Is Bank of Alpena open on Saturdays?

Is Bank of Alpena open on Sundays?

What time does Bank of Alpena open?

What time does Bank of Alpena close?

Are Bank of Alpena ATMs Open 24/7?

Do Bank of Alpena ATMs accept cash deposits?

Can Bank of Alpena customers use other ATMs?

Do Bank of Alpena branches have notaries?

Will Bank of Alpena notarize my document?

What address for Bank of Alpena should I put for incoming ACH transfers?

Will the Bank of Alpena branch print checks?

Do Bank of Alpena checks expire?

Does Bank of Alpena require US citizenship to open account?

Can Bank of Alpena close my account?

Does Bank of Alpena Report to credit bureaus?

Does Bank of Alpena Use Equifax?

What is Bank of Alpena's ACH Routing Number?

What is Bank of Alpena's SWIFT code?

Products

Does Bank of Alpena offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Bank of Alpena offer personal loans?

Compare personal loan rates here.

Does Bank of Alpena offer student loans?

Will Bank of Alpena cash a check?

Will Bank of Alpena redeem a savings bond?

Does Bank of Alpena cash savings bonds?

Will Bank of Alpena cash money orders?

Can Bank of Alpena issue a money order?

Does Bank of Alpena do currency exchange?

Background on The Bank

Who owns Bank of Alpena?

How long has Bank of Alpena been around?

Can Bank of Alpena transfer to other banks?

Does Bank of Alpena have quick pay?

Does Bank of Alpena accept rolled coins?

Will Bank of Alpena accept loose change?

Where is Bank of Alpena headquarters?

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