American Express National Bank

Headquarters

115 W Towne Ridge Pkwy
Sandy, UT 84070
See all branch locations →

ACH 12408506

Phone 800 528 4800

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 5.50% →
2-Year CD N.A. 5.00% →
5-Year CD N.A. 4.61% →
30-Year Mortgage N.A. 0.00% →
15-Year Mortgage N.A. 0.00% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

American Express National Bank is an FDIC insured institution located in Sandy, UT. It was founded in 1989 and has approximately $174.8 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 27471
Date Established 1989
Assets $ 174.80 billion
Loans $ 132.87 billion
Deposits $ 136.29 billion
Capital $ 15.60 billion
 

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

Deposit Rates - March 2, 2024

Your Current Location: Virginia, VA 20146

 

Loan Rates - March 2, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for American Express National 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 2024

Lender APR Rate (%) Monthly
Payment
Learn More
PenFed Credit Union
NMLS ID: 401822
6.553% 6.375%
0.88 points
$6,000 fees
$1,997 Learn More
FHAloans.com
NMLS ID: Not a Lender

points
fees
Learn More
Neighbors Bank
NMLS ID: 491986

points
fees
Learn More
MortgageResearch.com
NMLS ID: Not a Lender

points
fees
Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

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

Branches

American Express National 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 Express National Bank Locations



Climate Initiatives

American Express National Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

American Express National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of American Express National 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 Express National Bank U.S. Bank Average
4.25% 4.13%

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 September 30, 2023, American Express National Bank had $857,103,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $15,602,452,000 in equity and $4,557,068,000 in loans loss reserves. That gives it a Texas Ratio of 4.25%.

Return on Equity
American Express National Bank U.S. Bank Average
37.99% 26.02%

American Express National Bank has a Return on Equity of 37.99% versus the BestCashCow average of 26.02%. 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 Express National Bank U.S. Bank Average
8.93% 10.23%

American Express National Bank has a Capitalization of 8.93% versus the BestCashCow average of 10.23. 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 Express National Bank Balance Sheet Analysis

As of September 30, 2023, American Express National Bank had assets of $174,797,696,000, loans of $132,867,736,000, and deposits of $136,287,432,000. 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

September 30, 2023
ASSETS
Cash & Balances due from depository institutions $ 36.25 billion
Interest-bearing balances $ 36.21 billion
Total securities $ 1,198.72 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 132.87 billion
Loan loss allowance $ 4.56 billion
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 20.58 million
All other assets $ 2.68 billion
     Total Assets $ 159.20 billion
LIABILITIES
Total deposits $ 136.29 billion
      Interest-bearing deposits $ 135.97 billion
      Deposits held in domestic offices $ 136.29 billion
      % insured (estimated) 78.08%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 12.28 billion
Subordinated debt $ 800.00 million
All other liabilities $ 7.05 billion
      Total Liabilities $ 159.20 billion
      Shareholders’ Equity $ 15.60 billion

Summary Income Statement

September 30, 2023
INCOME AND EXPENSES
Total Interest Income $ 13.24 billion
Total Interest Expense $ 4.25 billion
Net interest income $ 8.99 billion
Provision for loan and lease losses $ 2.91 billion
Total non interest income $ 19.27 billion
Total non interest expense $ 19.78 billion
Pre-tax Net Operating Income $ 4.39 billion

Bank Loan Profile?

The top three loan types in American Express National Bank’s loan portfolio are Credit Card Loans, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Utah, American Express National Bank has a significantly higher percent of Credit Card 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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 58.08
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 26.51
Farm Loans 0.00

Customer Reviews for American Express National Bank


  • March 15, 2023 |

    Really don't know where to start other then AENB is a waste of your time and effort. Find another bank in Salt Lake City that knows how to treat clients, has a customer service department and cares about what you think. This POS lists their address as 115 W. Towne Ridge Parkway in Sandy. They needed some documentation regarding my parents. Being in the area, I went to their website, confirmed the address, and that they were open for business. Drove there, parked in their visitor parking and walked into their offices. Met the security that worked the building. Showed them the letter from AENB requesting additional documents from my parents. They told me that this office didn't interface with the general public. WHAT! They have a visitor parking lot and their website says they are open. Natural thought process, go there and give them the documents they requested, have them make copies and be on with the day. NOT! Then the big boys came from behind some wall and told me essentially to "take a walk". When I said no, their reply was "we're calling the police" My reply was do what you gotta do. It quickly came to a very professional level that every bank customer likes to be involved in and I left without being able to deliver the documents they had requested. I will now remove my parents money from this institution and be done with them. I'd advise not wasting my time with such "customer service" oriented staff. I bank with Home Savings Bank on Main Street and about 3500 So. So Salt Lake. Real people, real customer service, real great rates. Would recommend if you're looking for a great bank (FDIC) this is the place to invest. Home Savings Bank is getting my parents money as soon as AENB sends their check to me. Run fast, run hard from AENB-POS.


Add Your Review


or use your BestCashCow account

or