2024 Overview
General Bank Information
The Exchange Bank of Alabama is an FDIC insured institution located in Altoona, AL. It was founded in 1909 and has approximately $0.37 billion in assets. Customers can open an account at one of its 5 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 54 |
| Date Established | 1909 |
| Assets | $ 373.86 million |
| Loans | $ 197.49 million |
| Deposits | $ 328.41 million |
| Capital | $ 41.83 million |
For a more detailed analysis of The Exchange Bank of Alabama's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - November 15, 2024
Your Current Location: Ohio, OH 43085
Bank Offers
Capital One 360 Savings Rate Drops to 0.80% APY
Aug 5, 2020
Capital One has cut its online savings rate from 1.00% to 0.80% APY.
Capital One 360 Savings Rate Drops to 0.50% APY
Oct 1, 2020
Capital One has dropped their savings rate to 0.50% APY from 0.65% APY. This is a dramatic fall for a product that was offered at 1.50% APY at the beginning of the summer.
Capital One Lowers Its 360 Performance Savings Rate to 4.25% APY`
Apr 11, 2024
The bank cut its benchmark online savings rates by 10 basis points, marking its second rate decline in two months. They are hoping customers won't mind the declines even though the Fed funds rate is steady
Loan Rates - November 15, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for The Exchange Bank of Alabama
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: 1025894 |
6.868% |
6.750% 1.00 points $3,884 fees |
$2,076 | Learn More |
NMLS ID: 3030 |
7.225% |
7.125% 1.00 points $3,200 fees |
$2,156 | Learn More |
NMLS ID: 3029 |
points fees |
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
7.490 %
After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to The Exchange Bank of Alabama
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Branches
The Exchange Bank of Alabama 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
The Exchange Bank of Alabama Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 439.68 | A | View Lobby Hours | |
| 440.78 | B | View Lobby Hours | |
| 441.75 | C | View Lobby Hours | |
| 444.83 | D | View Lobby Hours | |
| 446.47 | E | View Lobby Hours |
Climate Policy and Initiatives
The Exchange Bank of Alabama 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
The Exchange Bank of Alabama Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of The Exchange Bank of Alabama. 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
| The Exchange Bank of Alabama | U.S. Bank Average |
|---|---|
| 1.2% | 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, The Exchange Bank of Alabama had $536,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $41,829,000 in equity and $2,704,000 in loans loss reserves. That gives it a Texas Ratio of 1.2%.
Return on Equity
| The Exchange Bank of Alabama | U.S. Bank Average |
|---|---|
| 8.24% | 10.46% |
The Exchange Bank of Alabama has a Return on Equity of 8.24% 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
| The Exchange Bank of Alabama | U.S. Bank Average |
|---|---|
| 11.19% | 10.84% |
The Exchange Bank of Alabama has a Capitalization of 11.19% 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.
The Exchange Bank of Alabama Balance Sheet Analysis
As of June 30, 2024, The Exchange Bank of Alabama had assets of $373,856,000, loans of $197,489,000, and deposits of $328,413,000. 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 | $ 17.41 million |
| Interest-bearing balances | $ 14.40 million |
| Total securities | $ 116.86 million |
| Federal funds sold and reverse repurchase | $ 28.14 million |
| Net loans and leases | $ 197.49 million |
| Loan loss allowance | $ 2.70 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | N.A. |
| All other assets | $ 9.44 million |
| Total Assets | $ 332.03 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 328.41 million |
| Interest-bearing deposits | $ 194.67 million |
| Deposits held in domestic offices | $ 328.41 million |
| % insured (estimated) | 69.98% |
| Federal funds purchased and repurchase agreements | $ 2.20 million |
| Trading liabilities | N.A. |
| Other borrowed funds | N.A. |
| Subordinated debt | N.A. |
| All other liabilities | $ 0.37 million |
| Total Liabilities | $ 332.03 million |
| Shareholders’ Equity | $ 41.83 million |
Summary Income Statement
June 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 8.55 million |
| Total Interest Expense | $ 2.34 million |
| Net interest income | $ 6.21 million |
| Provision for loan and lease losses | $ 0.10 million |
| Total non interest income | $ 0.74 million |
| Total non interest expense | $ 4.62 million |
| Pre-tax Net Operating Income | $ 1.41 million |
Bank Loan Profile?
The top three loan types in The Exchange Bank of Alabama’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.
Compared to other banks in Alabama, The Exchange Bank of Alabama has a significantly higher percent of Credit Card Loans, Commercial Real Estate 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 | 27.70 | ✓ | ||
| Multifamily Mortgages |
2.99 | ✓ | ||
| Credit Card Loans | 0.99 | ✓ | ||
| Consumer Auto Loans | 1.26 | ✓ | ||
| Small Business Loans | 21.46 | ✓ | ||
| Construction and Development Loans | 4.02 | ✓ | ||
| Commercial Real Estate | 44.68 | ✓ | ||
| Commercial and Industrial Loans | 5.53 | ✓ | ||
| Farm Loans | 0.31 | ✓ | ||
Customer Reviews for The Exchange Bank of Alabama
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