American Enterprise Bank

Headquarters

600 North Buffalo Grove Road
Buffalo Grove, IL 60089
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.00% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.00% →
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 Enterprise Bank is an FDIC insured institution located in Buffalo Grove, IL. It was founded in 1995 and has approximately $0.2 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 34090
Date Established 1995
Assets $ 197.62 million
Loans $ 138.96 million
Deposits $ 162.42 million
Capital $ 22.53 million
 

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

Deposit Rates - October 20, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 20, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for American Enterprise 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
2.574% 2.500% 1.00 $2,445 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 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 Enterprise Bank
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Branches

American Enterprise 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 Enterprise Bank Locations


Financial Details

American Enterprise Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of American Enterprise 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 Enterprise Bank U.S. Bank Average
40.84% 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 Enterprise Bank had $5,100,000 in non-current loans and $5,076,000 in owned real estate. To cover these potential losses it had $22,529,000 in equity and $2,385,000 in loans loss reserves. That gives it a Texas Ratio of 40.84%.

Return on Equity
American Enterprise Bank U.S. Bank Average
2.42% 7.80%

American Enterprise Bank has a Return on Equity of 2.42% 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 Enterprise Bank U.S. Bank Average
11.4% 12.68%

American Enterprise Bank has a Capitalization of 11.4% 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 Enterprise Bank Balance Sheet Analysis

As of September 30, 2018, American Enterprise Bank had assets of $197,618,000, loans of $138,961,000, and deposits of $162,417,000. 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 $ 37.95 million
Interest-bearing balances $ 30.36 million
Total securities $ 5.95 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 138.96 million
Loan loss allowance $ 2.39 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 5.08 million
Goodwill and other intangibles $ 0.50 million
All other assets $ 1.61 million
     Total Assets $ 175.09 million
LIABILITIES
Total deposits $ 162.42 million
      Interest-bearing deposits $ 160.95 million
      Deposits held in domestic offices $ 162.42 million
      % insured (estimated) 62.31%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 11.50 million
Subordinated debt N.A.
All other liabilities $ 1.17 million
      Total Liabilities $ 175.09 million
      Shareholders’ Equity $ 22.53 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 6.30 million
Total Interest Expense $ 0.70 million
Net interest income $ 5.60 million
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense $ 6.55 million
Pre-tax Net Operating Income $ 0.40 million

Bank Loan Profile?

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

Compared to other banks in Illinois, American Enterprise Bank has a significantly higher percent of Multifamily Mortgages, 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 7.12
Multifamily
Mortgages
18.57
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 53.15
Commercial and Industrial Loans 20.00
Farm Loans 0.00

Frequently Asked Questions About American Enterprise Bank

Branches and Savings

Is American Enterprise Bank FDIC insured?

Yes. It is covered under FDIC Certificate #34090.

Why does American Enterprise 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 Enterprise Bank CD rates not competitive?

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

Is American Enterprise Bank a commercial bank?

Yes

Where are American Enterprise Bank locations?

See branch locations nearby.

Is American Enterprise Bank open on Saturdays?

Is American Enterprise Bank open on Sundays?

What time does American Enterprise Bank open?

What time does American Enterprise Bank close?

Are American Enterprise Bank ATMs Open 24/7?

Do American Enterprise Bank ATMs accept cash deposits?

Can American Enterprise Bank customers use other ATMs?

Do American Enterprise Bank branches have notaries?

Will American Enterprise Bank notarize my document?

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

Will the American Enterprise Bank branch print checks?

Do American Enterprise Bank checks expire?

Does American Enterprise Bank require US citizenship to open account?

Can American Enterprise Bank close my account?

Does American Enterprise Bank Report to credit bureaus?

Does American Enterprise Bank Use Equifax?

What is American Enterprise Bank's ACH Routing Number?

What is American Enterprise Bank's SWIFT code?

Products

Does American Enterprise Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does American Enterprise Bank offer personal loans?

Compare personal loan rates here.

Does American Enterprise Bank offer student loans?

Will American Enterprise Bank cash a check?

Will American Enterprise Bank redeem a savings bond?

Does American Enterprise Bank cash savings bonds?

Will American Enterprise Bank cash money orders?

Can American Enterprise Bank issue a money order?

Does American Enterprise Bank do currency exchange?

Background on The Bank

Who owns American Enterprise Bank?

How long has American Enterprise Bank been around?

Can American Enterprise Bank transfer to other banks?

Does American Enterprise Bank have quick pay?

Does American Enterprise Bank accept rolled coins?

Will American Enterprise Bank accept loose change?

Where is American Enterprise Bank headquarters?

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