American Business Bank

Headquarters

400 S. Hope Street, Suite 300
Los Angeles, CA 90071
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.01% 0.95% →
1-Year CD 0.05% 1.01% →
2-Year CD 0.07% 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 Business Bank is an FDIC insured institution located in Los Angeles, CA. It was founded in 1998 and has approximately $2.54 billion in assets.

FDIC Insured Yes
FDIC Certificate # 34788
Date Established 1998
Assets $ 2.54 billion
Loans $ 1,524.10 million
Deposits $ 2.29 billion
Capital $ 215.22 million
 

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

Deposit Rates - October 27, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.01% $2,500 $4,999 Learn More
Money Market
0.01% $2,500 $2,999 Learn More
Money Market
0.01% $10,000 $14,999 Learn More
Money Market
0.01% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.01% $10,000 $14,999 Learn More
3 Mo CD
0.01% $100,000 $199,999 Learn More
6 Mo CD
0.02% $10,000 $14,999 Learn More
6 Mo CD
0.02% $100,000 $199,999 Learn More
12 Mo CD
0.05% $10,000 $14,999 Learn More
12 Mo CD
0.05% $100,000 $199,999 Learn More
24 Mo CD
0.07% $10,000 $14,999 Learn More
24 Mo CD
0.07% $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 27, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for American Business Bank

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
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.674% 2.625% 0.63 $1,595 $1,005 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

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

Branches

American Business 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:
Ashburn,Virginia


American Business Bank Locations


Financial Details

American Business Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of American Business 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 Business Bank U.S. Bank Average
1.78% 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 Business Bank had $4,225,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $215,224,000 in equity and $21,888,000 in loans loss reserves. That gives it a Texas Ratio of 1.78%.

Return on Equity
American Business Bank U.S. Bank Average
9.18% 7.80%

American Business Bank has a Return on Equity of 9.18% 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 Business Bank U.S. Bank Average
8.48% 12.68%

American Business Bank has a Capitalization of 8.48% 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 Business Bank Balance Sheet Analysis

As of March 31, 2020, American Business Bank had assets of $2,537,634,000, loans of $1,524,101,000, and deposits of $2,288,884,000. 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 $ 186.19 million
Interest-bearing balances $ 149.65 million
Total securities $ 743.80 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,524.10 million
Loan loss allowance $ 21.89 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.14 million
All other assets $ 65.15 million
     Total Assets $ 2.32 billion
LIABILITIES
Total deposits $ 2.29 billion
      Interest-bearing deposits $ 1,123.92 million
      Deposits held in domestic offices $ 2.29 billion
      % insured (estimated) 23.15%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 33.53 million
      Total Liabilities $ 2.32 billion
      Shareholders’ Equity $ 215.22 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 21.26 million
Total Interest Expense $ 1.25 million
Net interest income $ 20.02 million
Provision for loan and lease losses $ 1.43 million
Total non interest income $ 0.37 million
Total non interest expense $ 12.05 million
Pre-tax Net Operating Income $ 6.90 million

Bank Loan Profile?

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

Compared to other banks in California, American Business Bank has a significantly higher percent of Commercial and Industrial 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 3.92
Multifamily
Mortgages
2.61
Credit Card Loans 0.01
Consumer Auto Loans 0.00
Small Business Loans 6.31
Construction and Development Loans 2.34
Commercial Real Estate 63.25
Commercial and Industrial Loans 27.86
Farm Loans 0.00

Frequently Asked Questions About American Business Bank

Branches and Savings

Is American Business Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34788.

Why does American Business 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 Business Bank CD rates not competitive?

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

Is American Business Bank a commercial bank?

Yes

Where are American Business Bank locations?

See branch locations nearby.

Is American Business Bank open on Saturdays?

Is American Business Bank open on Sundays?

What time does American Business Bank open?

What time does American Business Bank close?

Are American Business Bank ATMs Open 24/7?

Do American Business Bank ATMs accept cash deposits?

Can American Business Bank customers use other ATMs?

Do American Business Bank branches have notaries?

Will American Business Bank notarize my document?

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

Will the American Business Bank branch print checks?

Do American Business Bank checks expire?

Does American Business Bank require US citizenship to open account?

Can American Business Bank close my account?

Does American Business Bank Report to credit bureaus?

Does American Business Bank Use Equifax?

What is American Business Bank's ACH Routing Number?

What is American Business Bank's SWIFT code?

Products

Does American Business Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does American Business Bank offer personal loans?

Compare personal loan rates here.

Does American Business Bank offer student loans?

Will American Business Bank cash a check?

Will American Business Bank redeem a savings bond?

Does American Business Bank cash savings bonds?

Will American Business Bank cash money orders?

Can American Business Bank issue a money order?

Does American Business Bank do currency exchange?

Background on The Bank

Who owns American Business Bank?

How long has American Business Bank been around?

Can American Business Bank transfer to other banks?

Does American Business Bank have quick pay?

Does American Business Bank accept rolled coins?

Will American Business Bank accept loose change?

Where is American Business Bank headquarters?

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