Alden State Bank, Financial Information

About Alden State Bank

 Address:
13216 Broadway
Alden, NY
Erie County, New York
 Established:
Oct 1916
 Number of domestic offices:
2
Total assets$418M
Net income$4M
Net income, quarterly$1M
Total deposits$369M
Domestic deposits$369M
Equity capital$48M
ROA1.08%
ROAQ, quarterly0.62%
ROA, pretax0.62%
ROAQ, quarterly, pretax1.04%
ROE8.96%
ROEQ, quarterly5.34%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

Alden State Bank is committed to providing innovative, state-of-the-art banking products and services with a neighborly approach to customer service. The Alden State Bank opened for business on October 5, 1916, in rented quarters in the building at 13205 Broadway, at the corner of Exchange Street.

In 1963, all of the bank's operations were moved to a new building at 13216 Broadway. A drive-thru teller and more teller stations were added. Growth continued, and much needed expansion came in 1992, adding 6,000 square feet onto the existing building.

In 1994, in order to serve the banking needs of neighboring communities, a new branch office was built in Lancaster at 5802 Broadway, near Bowen Road. Assets have grown from $78,000 in 1916 to over $244 million at the end of 2012. This success can be attributed to sound management and financial practices and to the loyalty of its customers.

Alden Office
Address:13216 Broadway, Alden, NY 14004
Phone:(716) 937-3381

Lancaster Office
Address:5802 Broadway, Lancaster, NY 14086
Phone:(716) 685-5090