American Bank of the North

Headquarters

117 Central Avenue
Nashwauk, MN 55769
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.95% →
1-Year CD 0.30% 1.01% →
2-Year CD 0.45% 0.95% →
5-Year CD 1.05% 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 of the North is an FDIC insured institution located in Nashwauk, MN. It was founded in 1920 and has approximately $0.52 billion in assets. Customers can open an account at one of its 15 branches.

FDIC Insured Yes
FDIC Certificate # 5216
Date Established 1920
Assets $ 519.18 million
Loans $ 383.62 million
Deposits $ 453.12 million
Capital $ 58.99 million
 

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

Deposit Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.15% $100,000 $199,999 Learn More
6 Mo CD
0.10% $10,000 $14,999 Learn More
6 Mo CD
0.15% $100,000 $199,999 Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.30% $100,000 $199,999 Learn More
18 Mo CD
0.30% $10,000 $14,999 Learn More
18 Mo CD
0.35% $100,000 $199,999 Learn More
24 Mo CD
0.40% $10,000 $14,999 Learn More
24 Mo CD
0.45% $100,000 $199,999 Learn More
30 Mo CD
0.40% $10,000 $14,999 Learn More
30 Mo CD
0.45% $100,000 $199,999 Learn More
36 Mo CD
0.60% $10,000 $14,999 Learn More
36 Mo CD
0.65% $100,000 $199,999 Learn More
48 Mo CD
0.90% $10,000 $14,999 Learn More
48 Mo CD
0.95% $100,000 $199,999 Learn More
60 Mo CD
1.00% $10,000 $14,999 Learn More
60 Mo CD
1.05% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for American Bank of the North

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




Featured - Virginia 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.669% 2.625% 0.63 $1,450 $1,005 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.500 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

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

Branches

American Bank of the North 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:
Ashburn,Virginia


American Bank of the North Locations


Financial Details

American Bank of the North Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of American Bank of the North. 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 of the North U.S. Bank Average
10.24% 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 of the North had $5,363,000 in non-current loans and $1,278,000 in owned real estate. To cover these potential losses it had $58,988,000 in equity and $5,890,000 in loans loss reserves. That gives it a Texas Ratio of 10.24%.

Return on Equity
American Bank of the North U.S. Bank Average
9.63% 7.80%

American Bank of the North has a Return on Equity of 9.63% 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 of the North U.S. Bank Average
11.36% 12.68%

American Bank of the North has a Capitalization of 11.36% 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 of the North Balance Sheet Analysis

As of March 31, 2020, American Bank of the North had assets of $519,180,000, loans of $383,615,000, and deposits of $453,123,000. 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 $ 69.61 million
Interest-bearing balances $ 65.94 million
Total securities $ 50.96 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 383.62 million
Loan loss allowance $ 5.89 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.28 million
Goodwill and other intangibles $ 0.11 million
All other assets $ 8.53 million
     Total Assets $ 460.19 million
LIABILITIES
Total deposits $ 453.12 million
      Interest-bearing deposits $ 414.74 million
      Deposits held in domestic offices $ 453.12 million
      % insured (estimated) 81.15%
Federal funds purchased and repurchase agreements $ 5.86 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.21 million
      Total Liabilities $ 460.19 million
      Shareholders’ Equity $ 58.99 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 5.25 million
Total Interest Expense $ 0.47 million
Net interest income $ 4.78 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.76 million
Total non interest expense $ 3.68 million
Pre-tax Net Operating Income $ 1.87 million

Bank Loan Profile?

The top three loan types in American Bank of the North’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks in Minnesota, American Bank of the North has a significantly higher percent of 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 22.80
Multifamily
Mortgages
2.73
Credit Card Loans 0.78
Consumer Auto Loans 0.17
Small Business Loans 0.00
Construction and Development Loans 6.61
Commercial Real Estate 39.47
Commercial and Industrial Loans 16.77
Farm Loans 0.00

Frequently Asked Questions About American Bank Of The North

Branches and Savings

Is American Bank Of The North FDIC insured?

Yes. It is covered under FDIC Certificate #5216.

Why does American Bank Of The North 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 Of The North CD rates not competitive?

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

Is American Bank Of The North a commercial bank?

Yes

Where are American Bank Of The North locations?

See branch locations nearby.

Is American Bank Of The North open on Saturdays?

Is American Bank Of The North open on Sundays?

What time does American Bank Of The North open?

What time does American Bank Of The North close?

Are American Bank Of The North ATMs Open 24/7?

Do American Bank Of The North ATMs accept cash deposits?

Can American Bank Of The North customers use other ATMs?

Do American Bank Of The North branches have notaries?

Will American Bank Of The North notarize my document?

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

Will the American Bank Of The North branch print checks?

Do American Bank Of The North checks expire?

Does American Bank Of The North require US citizenship to open account?

Can American Bank Of The North close my account?

Does American Bank Of The North Report to credit bureaus?

Does American Bank Of The North Use Equifax?

What is American Bank Of The North's ACH Routing Number?

What is American Bank Of The North's SWIFT code?

Products

Does American Bank Of The North offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does American Bank Of The North offer personal loans?

Compare personal loan rates here.

Does American Bank Of The North offer student loans?

Will American Bank Of The North cash a check?

Will American Bank Of The North redeem a savings bond?

Does American Bank Of The North cash savings bonds?

Will American Bank Of The North cash money orders?

Can American Bank Of The North issue a money order?

Does American Bank Of The North do currency exchange?

Background on The Bank

Who owns American Bank Of The North?

How long has American Bank Of The North been around?

Can American Bank Of The North transfer to other banks?

Does American Bank Of The North have quick pay?

Does American Bank Of The North accept rolled coins?

Will American Bank Of The North accept loose change?

Where is American Bank Of The North headquarters?

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