American Bank, National Association

Headquarters

234 Fifth Avenue S.W.
Le Mars, IA 51031
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 0.95% →
1-Year CD 0.85% 1.01% →
2-Year CD 1.00% 0.95% →
5-Year CD 1.10% 1.30% →
30-Year Mortgage 3.44% 2.80% →
15-Year Mortgage 2.99% 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

American Bank, National Association is an FDIC insured institution located in Le Mars, IA. It was founded in 1887 and has approximately $0.36 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 5800
Date Established 1887
Assets $ 361.48 million
Loans $ 300.44 million
Deposits $ 266.90 million
Capital $ 38.44 million
 

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

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.25% $10,000 $14,999 Learn More
Money Market
0.30% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.50% $10,000 $14,999 Learn More
3 Mo CD
0.50% $100,000 $199,999 Learn More
6 Mo CD
0.60% $10,000 $14,999 Learn More
6 Mo CD
0.60% $100,000 $199,999 Learn More
12 Mo CD
0.85% $10,000 $14,999 Learn More
12 Mo CD
0.85% $100,000 $199,999 Learn More
18 Mo CD
0.95% $10,000 $14,999 Learn More
18 Mo CD
0.95% $100,000 $199,999 Learn More
24 Mo CD
1.00% $10,000 $14,999 Learn More
24 Mo CD
1.00% $100,000 $199,999 Learn More
36 Mo CD
1.05% $10,000 $14,999 Learn More
36 Mo CD
1.05% $100,000 $199,999 Learn More
48 Mo CD
1.10% $10,000 $14,999 Learn More
48 Mo CD
1.10% $100,000 $199,999 Learn More
60 Mo CD
1.10% $10,000 $14,999 Learn More
60 Mo CD
1.10% $100,000 $199,999 Learn More

Variable IRA Rates APY MIN MAX
Var IRA
1.25% $1 $499 Learn MoreShow Less

Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

American Bank, National Association 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:
Fairfield,Connecticut


American Bank, National Association Locations


Financial Details

American Bank, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of American Bank, National Association. 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, National Association U.S. Bank Average
4.45% 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, National Association had $1,927,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $38,441,000 in equity and $4,856,000 in loans loss reserves. That gives it a Texas Ratio of 4.45%.

Return on Equity
American Bank, National Association U.S. Bank Average
17.01% 7.80%

American Bank, National Association has a Return on Equity of 17.01% 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, National Association U.S. Bank Average
10.63% 12.68%

American Bank, National Association has a Capitalization of 10.63% 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, National Association Balance Sheet Analysis

As of March 31, 2020, American Bank, National Association had assets of $361,479,000, loans of $300,436,000, and deposits of $266,902,000. 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 $ 42.08 million
Interest-bearing balances $ 39.96 million
Total securities $ 6.59 million
Federal funds sold and reverse repurchase $ 1.55 million
Net loans and leases $ 300.44 million
Loan loss allowance $ 4.86 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.38 million
All other assets $ 6.33 million
     Total Assets $ 323.04 million
LIABILITIES
Total deposits $ 266.90 million
      Interest-bearing deposits $ 235.71 million
      Deposits held in domestic offices $ 266.90 million
      % insured (estimated) 83.31%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 55.00 million
Subordinated debt N.A.
All other liabilities $ 1.14 million
      Total Liabilities $ 323.04 million
      Shareholders’ Equity $ 38.44 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.96 million
Total Interest Expense $ 1.18 million
Net interest income $ 2.78 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.41 million
Total non interest expense $ 1.51 million
Pre-tax Net Operating Income $ 1.68 million

Bank Loan Profile?

The top three loan types in American Bank, National Association’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks, American Bank, National Association’s loan portfolio does not show any specific loan specialty.

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 6.56
Multifamily
Mortgages
1.47
Credit Card Loans 0.00
Consumer Auto Loans 0.88
Small Business Loans 3.60
Construction and Development Loans 4.09
Commercial Real Estate 7.49
Commercial and Industrial Loans 8.75
Farm Loans 32.38

Frequently Asked Questions About American Bank, National Association

Branches and Savings

Is American Bank, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #5800.

Why does American Bank, National Association 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, National Association CD rates not competitive?

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

Is American Bank, National Association a commercial bank?

Yes

Where are American Bank, National Association locations?

See branch locations nearby.

Is American Bank, National Association open on Saturdays?

Is American Bank, National Association open on Sundays?

What time does American Bank, National Association open?

What time does American Bank, National Association close?

Are American Bank, National Association ATMs Open 24/7?

Do American Bank, National Association ATMs accept cash deposits?

Can American Bank, National Association customers use other ATMs?

Do American Bank, National Association branches have notaries?

Will American Bank, National Association notarize my document?

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

Will the American Bank, National Association branch print checks?

Do American Bank, National Association checks expire?

Does American Bank, National Association require US citizenship to open account?

Can American Bank, National Association close my account?

Does American Bank, National Association Report to credit bureaus?

Does American Bank, National Association Use Equifax?

What is American Bank, National Association's ACH Routing Number?

What is American Bank, National Association's SWIFT code?

Products

Does American Bank, National Association offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does American Bank, National Association offer personal loans?

Compare personal loan rates here.

Does American Bank, National Association offer student loans?

Will American Bank, National Association cash a check?

Will American Bank, National Association redeem a savings bond?

Does American Bank, National Association cash savings bonds?

Will American Bank, National Association cash money orders?

Can American Bank, National Association issue a money order?

Does American Bank, National Association do currency exchange?

Background on The Bank

Who owns American Bank, National Association?

How long has American Bank, National Association been around?

Can American Bank, National Association transfer to other banks?

Does American Bank, National Association have quick pay?

Does American Bank, National Association accept rolled coins?

Will American Bank, National Association accept loose change?

Where is American Bank, National Association headquarters?

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