Grease and flour bottom and sides of a 9-inch springform pan.
In a large bowl, combine flour and 3/4 cup sugar.
Cut in butter using a pastry blender or fork and work into coarse crumbs.
Set aside 1 cup of crumb mixture.
Into remaining crumb mixture, add baking powder, baking soda, salt, sour cream, 1 egg, and almond extract; blend well.
Spread dough over bottom and 2 inches up the sides of pan. Dough should be about 1/4-inch thick on sides.
Filling
In a small bowl, combine cream cheese, 1/4 cup sugar, and 1 egg; blend well.
Pour over batter in pan.
Carefully spoon preserves over cheese filling.
In a small bowl, combine the 1 cup reserved crumb mixture and sliced almonds. Sprinkle over the top.
Bake in a 350-degree oven for 45–55 minutes or until cream cheese filling is set and crust is golden brown. Cool for 15 minutes; remove from springform pan.
Serve warm or cool, cut into wedges. Refrigerate leftovers.
Recipe Notes
Recipe courtesy of Lydia Schumacher, Neillsville, WI.