Alva State Bank & Trust Company
Headquarters
518 College Ave
Alva, OK 73717
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2024 Overview
General Bank Information
Alva State Bank & Trust Company is an FDIC insured institution located in Alva, OK. It was founded in 1901 and has approximately $0.49 billion in assets. Customers can open an account at one of its 5 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 9465 |
| Date Established | 1901 |
| Assets | $ 493.90 million |
| Loans | $ 233.72 million |
| Deposits | $ 405.75 million |
| Capital | $ 62.17 million |
For a more detailed analysis of Alva State Bank & Trust Company's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - November 21, 2024
Your Current Location: Ohio, OH 43085
Loan Rates - November 21, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Alva State Bank & Trust Company
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 66247 |
6.576% |
6.500% 0.75 points $2,544 fees |
$2,023 | Learn More |
NMLS ID: 1025894 |
6.953% |
6.875% 0.63 points $2,534 fees |
$2,103 | Learn More |
NMLS ID: 3030 |
7.225% |
7.125% 1.00 points $3,200 fees |
$2,156 | Learn More |
NMLS ID: 491986 |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR
7.240 %
After Intro: 7.240 % |
$0 |
Learn More
More Info |
Note to Alva State Bank & Trust Company
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Branches
Alva State Bank & Trust Company 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:
Columbus,Ohio
Alva State Bank & Trust Company Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 826.66 | A | View Lobby Hours | |
| 844.41 | B | View Lobby Hours | |
| 845.73 | C | View Lobby Hours | |
| 858.57 | D | View Lobby Hours | |
| 882.00 | E | View Lobby Hours |
Climate Policy and Initiatives
Alva State Bank & Trust Company is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
Alva State Bank & Trust Company Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Alva State Bank & Trust Company. 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
| Alva State Bank & Trust Company | U.S. Bank Average |
|---|---|
| 3.11% | 4.48% |
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 June 30, 2024, Alva State Bank & Trust Company had $1,186,000 in non-current loans and $901,000 in owned real estate. To cover these potential losses it had $62,169,000 in equity and $4,959,000 in loans loss reserves. That gives it a Texas Ratio of 3.11%.
Return on Equity
| Alva State Bank & Trust Company | U.S. Bank Average |
|---|---|
| 20.95% | 10.46% |
Alva State Bank & Trust Company has a Return on Equity of 20.95% versus the BestCashCow average of 10.46%. 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
| Alva State Bank & Trust Company | U.S. Bank Average |
|---|---|
| 12.59% | 10.84% |
Alva State Bank & Trust Company has a Capitalization of 12.59% versus the BestCashCow average of 10.84. 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.
Alva State Bank & Trust Company Balance Sheet Analysis
As of June 30, 2024, Alva State Bank & Trust Company had assets of $493,904,000, loans of $233,722,000, and deposits of $405,754,000. 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
June 30, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 26.78 million |
| Interest-bearing balances | $ 23.34 million |
| Total securities | $ 193.35 million |
| Federal funds sold and reverse repurchase | $ 5.90 million |
| Net loans and leases | $ 233.72 million |
| Loan loss allowance | $ 4.96 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | $ 0.90 million |
| Goodwill and other intangibles | $ 0.01 million |
| All other assets | $ 17.15 million |
| Total Assets | $ 431.74 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 405.75 million |
| Interest-bearing deposits | $ 300.85 million |
| Deposits held in domestic offices | $ 405.75 million |
| % insured (estimated) | 71.06% |
| Federal funds purchased and repurchase agreements | $ 22.80 million |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 1.04 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 0.11 million |
| Total Liabilities | $ 431.74 million |
| Shareholders’ Equity | $ 62.17 million |
Summary Income Statement
June 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 15.67 million |
| Total Interest Expense | $ 6.64 million |
| Net interest income | $ 9.02 million |
| Provision for loan and lease losses | N.A. |
| Total non interest income | $ 0.69 million |
| Total non interest expense | $ 3.85 million |
| Pre-tax Net Operating Income | $ 3.72 million |
Bank Loan Profile?
The top three loan types in Alva State Bank & Trust Company’s loan portfolio are Farm Loans, Commercial Real Estate, and Commercial and Industrial Loans.
Compared to other banks in Oklahoma, Alva State Bank & Trust Company has a significantly higher percent of Farm 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 | 3.07 | ✓ | ||
| Multifamily Mortgages |
0.05 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.81 | ✓ | ||
| Small Business Loans | 4.29 | ✓ | ||
| Construction and Development Loans | 0.05 | ✓ | ||
| Commercial Real Estate | 25.08 | ✓ | ||
| Commercial and Industrial Loans | 11.95 | ✓ | ||
| Farm Loans | 29.66 | ✓ | ||
*Should any logos, images or public notes appear on this page,they do so courtesy of Alva State Bank & Trust Company and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.
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