American Bank

Headquarters

1700 Rockville Pike
Rockville, MD 20852
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

American Bank is an FDIC insured institution located in Rockville, MD. It was founded in 1983 and has approximately $0.32 billion in assets.

FDIC Insured Yes
FDIC Certificate # 32328
Date Established 1983
Assets $ 416.22 million
Loans $ 184.57 million
Deposits $ 292.48 million
Capital $ 50.28 million
 

For a more detailed analysis of American Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 31, 2020

Your Current Location: Washington, WA 98109


Loan Rates - October 31, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for American Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Washington 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
First Internet Bank
NMLS ID: 424182
2.562% 2.500% 0.88 $2,040 $988 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
2.558% 2.500% 0.75 $1,908 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More

Note to American Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

American Bank 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:
Seattle,Washington


American Bank Locations


Financial Details

American Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of American Bank. 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
American Bank U.S. Bank Average
20.78% 6.94%

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 March 31, 2020, American Bank had $9,281,000 in non-current loans and $1,538,000 in owned real estate. To cover these potential losses it had $50,278,000 in equity and $1,777,000 in loans loss reserves. That gives it a Texas Ratio of 20.78%.

Return on Equity
American Bank U.S. Bank Average
7.51% 7.80%

American Bank has a Return on Equity of 7.51% versus the BestCashCow average of 7.80%. 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
American Bank U.S. Bank Average
12.08% 12.68%

American Bank has a Capitalization of 12.08% versus the BestCashCow average of 12.68. 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.

American Bank Balance Sheet Analysis

As of March 31, 2015, American Bank had assets of $319,176,000, loans of $184,570,000, and deposits of $292,482,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 184.57 million
Loan loss allowance $ 1.78 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.54 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 292.48 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 416.22 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in American Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Construction and Development Loans.

Compared to other banks in Maryland, American Bank has a significantly higher percent of 1-4 Family Residential 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 70.78
Multifamily
Mortgages
0.35
Credit Card Loans 0.00
Consumer Auto Loans 0.10
Small Business Loans 3.06
Construction and Development Loans 9.54
Commercial Real Estate 8.23
Commercial and Industrial Loans 10.15
Farm Loans 0.00

Frequently Asked Questions About American Bank

Branches and Savings

Is American Bank FDIC insured?

Yes. It is covered under FDIC Certificate #32328.

Why does American Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are American Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is American Bank a commercial bank?

Yes

Where are American Bank locations?

See branch locations nearby.

Is American Bank open on Saturdays?

Is American Bank open on Sundays?

What time does American Bank open?

What time does American Bank close?

Are American Bank ATMs Open 24/7?

Do American Bank ATMs accept cash deposits?

Can American Bank customers use other ATMs?

Do American Bank branches have notaries?

Will American Bank notarize my document?

What address for American Bank should I put for incoming ACH transfers?

Will the American Bank branch print checks?

Do American Bank checks expire?

Does American Bank require US citizenship to open account?

Can American Bank close my account?

Does American Bank Report to credit bureaus?

Does American Bank Use Equifax?

What is American Bank's ACH Routing Number?

What is American Bank's SWIFT code?

Products

Does American Bank offer mortgages?

Compare mortgage rates here.

Does American Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does American Bank offer personal loans?

Compare personal loan rates here.

Does American Bank offer student loans?

Will American Bank cash a check?

Will American Bank redeem a savings bond?

Does American Bank cash savings bonds?

Will American Bank cash money orders?

Can American Bank issue a money order?

Does American Bank do currency exchange?

Background on The Bank

Who owns American Bank?

How long has American Bank been around?

Can American Bank transfer to other banks?

Does American Bank have quick pay?

Does American Bank accept rolled coins?

Will American Bank accept loose change?

Where is American Bank headquarters?

Customer Reviews for American Bank

There are currently no comments for American Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →