Alma Bank in Astoria, New York (NY), NJ
Overview, Financial Summary, Detailed Financial Reports, Branches

Alma Bank - Overview

  • General
  • FDIC Certificate #: 58424
    Status: Active
    Federal Reserve ID: 3633173
    Date Established: September 12, 2007
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: Yes)
    FDIC's unique #: 451431
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 12, 2007
    Last Structure Change Effective Date: Febuary 14, 2011
    Last Structure Change Process Date: Febuary 25, 2011
    Last Data Update: Febuary 25, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 28-31 31st Street, Astoria, NY 11102
    County: Queens
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: New York City
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): New York, NY (#5600)
    Consolidated Metropolitan Statistical Area (CMSA): New York-Northern New Jersey-Long Island, NY-NJ-CT-PA (#70)
    Combined Statistical Area (CSA): New York-Newark-Bridgeport, NY-NJ-CT-PA (#408)
    Core Based Statistical Area (CBSA): New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    CBSA Metro Statistical Area: New York-Northern New Jersey-Long Island, NY-NJ-PA (#35620)
    Core Based Statistical Division: New York-White Plains-Wayne, NY-NJ (#35644)
  • Financial Summary
  • Total assets: $745.3 mil
    Equity capital: $94.7 mil
    Deposits held in domestic offices: $638.7 mil
    Return on assets (ROA): 0.68% ($5.1 mil)
    Quarterly return on assets: 0.50% ($3.7 mil)
    Return on Equity (ROE): 5.47% ($5.2 mil)
    Quarterly return on equity: 3.89% ($3.7 mil)
    Net income: $4.4 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 1.21% ($9,018.5 mil)
    Quarterly Pretax return on assets: 1.11% ($8,273.1 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 110Total employees (full-time equivalent)
  • $745,327Total assets
  • $95,217Cash and due from depository institutions
  • $39,562Interest-bearing balances
  • $171,278Securities
  • $3,212Federal funds sold & reverse repurchase agreements
  • $460,692Net loans & leases
  • $7,498Loan loss allowance
  • $0Trading account assets
  • $5,168Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $745,327Life insurance assets
  • $9,760All other assets
  • $650,674Total liabilities and capital
  • $638,738Total liabilities
  • $544,702Total deposits
  • $638,738Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,000Trading liabilities
  • $0Other borrowed funds
  • $5,936Subordinated debt
  • $94,653All other liabilities
  • $94,653Total equity capital
  • $94,653Total bank equity capital
  • $19,000Perpetual preferred stock
  • $26,667Common stock
  • $43,935Surplus
  • $5,051Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $161Income earned, not collected on loans
  • $0Earning assets
  • $3,401Long-term assets (5+ years)
  • $674,744Average Assets, year-to-date
  • $135,368Average Assets, quarterly
  • $651,470Volatile liabilities
  • $735,180Insider loans
  • $531,717FHLB advances
  • $725,148Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $94,734Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $85,958Restructured Loans and leases
  • $13,550Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $32,309Total interest income
  • $7,333Total interest expense
  • $24,976Net interest income
  • $2,800Provision for loan and lease losses
  • $1,340Total noninterest income
  • $0Fiduciary activities
  • $1,093Service charges on deposit accounts
  • $0Trading account gains & fees
  • $247Additional noninterest income
  • $17,162Total noninterest expense
  • $8,779Salaries and employee benefits
  • $4,112Premises and equipment expense
  • $4,271Additional noninterest expense
  • $6,354Pre-tax net operating income
  • $1,511Securities gains (losses)
  • $3,464Applicable income taxes
  • $4,401Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,401Net income attributable to bank
  • $0Net charge-offs
  • $4,401Cash dividends
  • $767Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.29%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 4.09%Net interest margin
  • 0.22%Noninterest income to earning assets
  • 2.81%Noninterest expense to earning assets
  • 0.53%Net operating income to assets
  • 0.68%Return on assets (ROA)
  • 1.21%Pretax return on assets
  • 5.47%Return on equity (ROE)
  • 5.47%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 365.06%Credit loss provision to net charge-offs
  • 11.93%Efficiency ratio
  • 65,215Assets per employee
  • 6.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 4657.14%Noncurrent assets plus other real estate owned to assets
  • 0.02%Noncurrent loans to loans
  • 0.03%Net loans and leases to deposits
  • 72.13%Net loans and leases to core deposits
  • 81.79%Equity capital to assets
  • 12.70%Core capital (leverage) ratio
  • 13.06%Tier 1 risk-based capital ratio
  • 17.82%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $651,470Average earning assets
  • $80,483Average equity
  • $610,386Average loans

List of branches

  • 1 New Jersey Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    9521931Tenafly, New Jersey Branch20 West Railroad, Tenafly, NJ 7670May 12, 2011Full Service Brick and Mortar
  • 9 New York Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0451431Alma Bank28-31 31st Street, Astoria, NY 11102September 12, 2007Full Service Brick and Mortar
    1491156Bayside BranchNorthern Boulevard, Bayside, NY 11361April 15, 2009Full Service Brick and Mortar
    2494001Bayridge Brooklyn Branch8424 5th Ave, Brooklyn, NY 11209January 01, 2009Full Service Brick and Mortar
    3500513Broadway Branch41-02 Broadway, Astoria, NY 11103December 28, 2009Full Service Brick and Mortar
    4506281Kings Highway Branch1218 Kings Highway, Brooklyn, NY 11229March 15, 2010Full Service Brick and Mortar
    550843458th Street Brooklyn Branch140 58th Street, Brooklyn, NY 11220May 07, 2010Full Service Brick and Mortar
    6512435Ditmars Branch28-20 Ditmars Blvd., Astoria, NY 11105July 22, 2009Full Service Brick and Mortar
    7517265Avenue Of The Americas Branch1023 Avenue Of Americas, New York, NY 10018November 16, 2010Full Service Brick and Mortar
    8521930Pelham Bay, Bronx Branch1705 Crosby Avenue, Bronx, NY 10461September 22, 2010Full Service Brick and Mortar

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