Firstbank - Alma

Headquarters

311 Woodworth Avenue
Alma, MI 48801
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.00% →
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

Firstbank - Alma is an FDIC insured institution located in Alma, MI. It was founded in 1880 and has approximately $0.37 billion in assets.

FDIC Insured Yes
FDIC Certificate # 9108
Date Established 1880
Assets $ 367.87 million
Loans $ 192.37 million
Deposits $ 310.39 million
Capital $ 33.00 million
 

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

Deposit Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 30, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Firstbank - Alma

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




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
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Note to Firstbank - Alma
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Branches

Firstbank - Alma 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


Firstbank - Alma Locations


Financial Details

Firstbank - Alma Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Firstbank - Alma. 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
Firstbank - Alma U.S. Bank Average
3.12% 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, Firstbank - Alma had $1,102,000 in non-current loans and $84,000 in owned real estate. To cover these potential losses it had $33,004,000 in equity and $5,037,000 in loans loss reserves. That gives it a Texas Ratio of 3.12%.

Return on Equity
Firstbank - Alma U.S. Bank Average
9.59% 7.80%

Firstbank - Alma has a Return on Equity of 9.59% 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
Firstbank - Alma U.S. Bank Average
8.97% 12.68%

Firstbank - Alma has a Capitalization of 8.97% 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.

Firstbank - Alma Balance Sheet Analysis

As of December 31, 2012, Firstbank - Alma had assets of $367,869,000, loans of $192,365,000, and deposits of $310,390,000. 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 $ 192.37 million
Loan loss allowance $ 5.04 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.08 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 310.39 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 $ 367.87 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 Firstbank - Alma’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Michigan, Firstbank - Alma has a significantly higher percent of Multifamily Mortgages, 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 30.73
Multifamily
Mortgages
5.51
Credit Card Loans 0.01
Consumer Auto Loans 4.38
Small Business Loans 24.95
Construction and Development Loans 5.31
Commercial Real Estate 36.77
Commercial and Industrial Loans 13.38
Farm Loans 0.31

Frequently Asked Questions About Firstbank - Alma

Branches and Savings

Is Firstbank - Alma FDIC insured?

Yes. It is covered under FDIC Certificate #9108.

Why does Firstbank - Alma pay such low interest on savings accounts?

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

Why are Firstbank - Alma CD rates not competitive?

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

Is Firstbank - Alma a commercial bank?

Yes

Where are Firstbank - Alma locations?

See branch locations nearby.

Is Firstbank - Alma open on Saturdays?

Is Firstbank - Alma open on Sundays?

What time does Firstbank - Alma open?

What time does Firstbank - Alma close?

Are Firstbank - Alma ATMs Open 24/7?

Do Firstbank - Alma ATMs accept cash deposits?

Can Firstbank - Alma customers use other ATMs?

Do Firstbank - Alma branches have notaries?

Will Firstbank - Alma notarize my document?

What address for Firstbank - Alma should I put for incoming ACH transfers?

Will the Firstbank - Alma branch print checks?

Do Firstbank - Alma checks expire?

Does Firstbank - Alma require US citizenship to open account?

Can Firstbank - Alma close my account?

Does Firstbank - Alma Report to credit bureaus?

Does Firstbank - Alma Use Equifax?

What is Firstbank - Alma's ACH Routing Number?

What is Firstbank - Alma's SWIFT code?

Products

Does Firstbank - Alma offer mortgages?

Compare mortgage rates here.

Does Firstbank - Alma offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Firstbank - Alma offer personal loans?

Compare personal loan rates here.

Does Firstbank - Alma offer student loans?

Will Firstbank - Alma cash a check?

Will Firstbank - Alma redeem a savings bond?

Does Firstbank - Alma cash savings bonds?

Will Firstbank - Alma cash money orders?

Can Firstbank - Alma issue a money order?

Does Firstbank - Alma do currency exchange?

Background on The Bank

Who owns Firstbank - Alma?

How long has Firstbank - Alma been around?

Can Firstbank - Alma transfer to other banks?

Does Firstbank - Alma have quick pay?

Does Firstbank - Alma accept rolled coins?

Will Firstbank - Alma accept loose change?

Where is Firstbank - Alma headquarters?

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