First Alliance Bank

Headquarters

51 Germantown Court, Suite 100
Cordova, TN 38018
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
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

First Alliance Bank is an FDIC insured institution located in Cordova, TN. It was founded in 1999 and has approximately $0.14 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 35245
Date Established 1999
Assets $ 141.01 million
Loans $ 117.39 million
Deposits $ 122.96 million
Capital $ 14.76 million
 

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

Deposit Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 24, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First Alliance 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
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AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,128 $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
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2.990 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
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4.000 %
$0 Learn More
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Note to First Alliance Bank
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Branches

First Alliance 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


First Alliance Bank Locations


Financial Details

First Alliance Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Alliance 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
First Alliance Bank U.S. Bank Average
0.66% 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, First Alliance Bank had $0 in non-current loans and $105,000 in owned real estate. To cover these potential losses it had $14,762,000 in equity and $1,107,000 in loans loss reserves. That gives it a Texas Ratio of 0.66%.

Return on Equity
First Alliance Bank U.S. Bank Average
5.79% 7.80%

First Alliance Bank has a Return on Equity of 5.79% 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
First Alliance Bank U.S. Bank Average
10.47% 12.68%

First Alliance Bank has a Capitalization of 10.47% 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.

First Alliance Bank Balance Sheet Analysis

As of September 30, 2019, First Alliance Bank had assets of $141,699,000, loans of $117,393,000, and deposits of $122,958,000. 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 $ 5.47 million
Interest-bearing balances $ 3.75 million
Total securities $ 8.41 million
Federal funds sold and reverse repurchase $ 1.57 million
Net loans and leases $ 117.39 million
Loan loss allowance $ 1.11 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.11 million
Goodwill and other intangibles N.A.
All other assets $ 5.07 million
     Total Assets $ 126.94 million
LIABILITIES
Total deposits $ 122.96 million
      Interest-bearing deposits $ 88.46 million
      Deposits held in domestic offices $ 122.96 million
      % insured (estimated) 80.27%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 2.61 million
Subordinated debt N.A.
All other liabilities $ 1.37 million
      Total Liabilities $ 126.94 million
      Shareholders’ Equity $ 14.07 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 5.35 million
Total Interest Expense $ 0.89 million
Net interest income $ 4.47 million
Provision for loan and lease losses $ 0.02 million
Total non interest income $ 0.44 million
Total non interest expense $ 4.06 million
Pre-tax Net Operating Income $ 0.83 million

Bank Loan Profile?

The top three loan types in First Alliance Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Small Business Loans.

Compared to other banks in Tennessee, First Alliance Bank has a significantly higher percent of Multifamily Mortgages, Small Business Loans, Commercial and Industrial 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 11.58
Multifamily
Mortgages
4.68
Credit Card Loans 0.00
Consumer Auto Loans 0.57
Small Business Loans 23.25
Construction and Development Loans 7.80
Commercial Real Estate 39.34
Commercial and Industrial Loans 35.28
Farm Loans 0.00

Frequently Asked Questions About First Alliance Bank

Branches and Savings

Is First Alliance Bank FDIC insured?

Yes. It is covered under FDIC Certificate #35245.

Why does First Alliance Bank pay such low interest on savings accounts?

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

Why are First Alliance Bank CD rates not competitive?

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

Is First Alliance Bank a commercial bank?

Yes

Where are First Alliance Bank locations?

See branch locations nearby.

Is First Alliance Bank open on Saturdays?

Is First Alliance Bank open on Sundays?

What time does First Alliance Bank open?

What time does First Alliance Bank close?

Are First Alliance Bank ATMs Open 24/7?

Do First Alliance Bank ATMs accept cash deposits?

Can First Alliance Bank customers use other ATMs?

Do First Alliance Bank branches have notaries?

Will First Alliance Bank notarize my document?

What address for First Alliance Bank should I put for incoming ACH transfers?

Will the First Alliance Bank branch print checks?

Do First Alliance Bank checks expire?

Does First Alliance Bank require US citizenship to open account?

Can First Alliance Bank close my account?

Does First Alliance Bank Report to credit bureaus?

Does First Alliance Bank Use Equifax?

What is First Alliance Bank's ACH Routing Number?

What is First Alliance Bank's SWIFT code?

Products

Does First Alliance Bank offer mortgages?

Compare mortgage rates here.

Does First Alliance Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Alliance Bank offer personal loans?

Compare personal loan rates here.

Does First Alliance Bank offer student loans?

Will First Alliance Bank cash a check?

Will First Alliance Bank redeem a savings bond?

Does First Alliance Bank cash savings bonds?

Will First Alliance Bank cash money orders?

Can First Alliance Bank issue a money order?

Does First Alliance Bank do currency exchange?

Background on The Bank

Who owns First Alliance Bank?

How long has First Alliance Bank been around?

Can First Alliance Bank transfer to other banks?

Does First Alliance Bank have quick pay?

Does First Alliance Bank accept rolled coins?

Will First Alliance Bank accept loose change?

Where is First Alliance Bank headquarters?

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