American Founders Bank, Inc.

Headquarters

1200 Forest Bridge Road
Louisville, KY 40223
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.91% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 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 Founders Bank, Inc. is an FDIC insured institution located in Louisville, KY. It was founded in 2001 and has approximately $0.09 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 57113
Date Established 2001
Assets $ 105.16 million
Loans $ 75.82 million
Deposits $ 73.06 million
Capital $ 12.50 million
 

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

Deposit Rates - October 31, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 31, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for American Founders Bank, Inc.

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




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Branches

American Founders Bank, Inc. 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:
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American Founders Bank, Inc. Locations


Financial Details

American Founders Bank, Inc. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of American Founders Bank, Inc.. 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 Founders Bank, Inc. U.S. Bank Average
13.33% 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 Founders Bank, Inc. had $1,322,000 in non-current loans and $518,000 in owned real estate. To cover these potential losses it had $12,496,000 in equity and $1,308,000 in loans loss reserves. That gives it a Texas Ratio of 13.33%.

Return on Equity
American Founders Bank, Inc. U.S. Bank Average
2% 7.80%

American Founders Bank, Inc. has a Return on Equity of 2% 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 Founders Bank, Inc. U.S. Bank Average
11.88% 12.68%

American Founders Bank, Inc. has a Capitalization of 11.88% 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 Founders Bank, Inc. Balance Sheet Analysis

As of September 30, 2018, American Founders Bank, Inc. had assets of $88,258,000, loans of $75,817,000, and deposits of $73,059,000. 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 $ 2.53 million
Interest-bearing balances $ 1.77 million
Total securities $ 3.13 million
Federal funds sold and reverse repurchase $ 0.20 million
Net loans and leases $ 75.82 million
Loan loss allowance $ 1.31 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.52 million
Goodwill and other intangibles N.A.
All other assets $ 1.85 million
     Total Assets $ 75.76 million
LIABILITIES
Total deposits $ 73.06 million
      Interest-bearing deposits $ 63.72 million
      Deposits held in domestic offices $ 73.06 million
      % insured (estimated) 95.08%
Federal funds purchased and repurchase agreements $ 0.94 million
Trading liabilities N.A.
Other borrowed funds $ 1.00 million
Subordinated debt N.A.
All other liabilities $ 0.76 million
      Total Liabilities $ 75.76 million
      Shareholders’ Equity $ 29.40 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.72 million
Total Interest Expense $ 0.79 million
Net interest income $ 2.92 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.34 million
Total non interest expense $ 2.91 million
Pre-tax Net Operating Income $ 0.35 million

Bank Loan Profile?

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

Compared to other banks in Kentucky, American Founders Bank, Inc. has a significantly higher percent of Multifamily Mortgages, Small Business Loans, 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 35.82
Multifamily
Mortgages
9.71
Credit Card Loans 0.17
Consumer Auto Loans 0.00
Small Business Loans 7.83
Construction and Development Loans 12.89
Commercial Real Estate 18.42
Commercial and Industrial Loans 24.92
Farm Loans 0.00

Frequently Asked Questions About American Founders Bank, Inc.

Branches and Savings

Is American Founders Bank, Inc. FDIC insured?

Yes. It is covered under FDIC Certificate #57113.

Why does American Founders Bank, Inc. pay such low interest on savings accounts?

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

Why are American Founders Bank, Inc. CD rates not competitive?

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

Is American Founders Bank, Inc. a commercial bank?

Yes

Where are American Founders Bank, Inc. locations?

See branch locations nearby.

Is American Founders Bank, Inc. open on Saturdays?

Is American Founders Bank, Inc. open on Sundays?

What time does American Founders Bank, Inc. open?

What time does American Founders Bank, Inc. close?

Are American Founders Bank, Inc. ATMs Open 24/7?

Do American Founders Bank, Inc. ATMs accept cash deposits?

Can American Founders Bank, Inc. customers use other ATMs?

Do American Founders Bank, Inc. branches have notaries?

Will American Founders Bank, Inc. notarize my document?

What address for American Founders Bank, Inc. should I put for incoming ACH transfers?

Will the American Founders Bank, Inc. branch print checks?

Do American Founders Bank, Inc. checks expire?

Does American Founders Bank, Inc. require US citizenship to open account?

Can American Founders Bank, Inc. close my account?

Does American Founders Bank, Inc. Report to credit bureaus?

Does American Founders Bank, Inc. Use Equifax?

What is American Founders Bank, Inc.'s ACH Routing Number?

What is American Founders Bank, Inc.'s SWIFT code?

Products

Does American Founders Bank, Inc. offer mortgages?

Compare mortgage rates here.

Does American Founders Bank, Inc. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does American Founders Bank, Inc. offer personal loans?

Compare personal loan rates here.

Does American Founders Bank, Inc. offer student loans?

Will American Founders Bank, Inc. cash a check?

Will American Founders Bank, Inc. redeem a savings bond?

Does American Founders Bank, Inc. cash savings bonds?

Will American Founders Bank, Inc. cash money orders?

Can American Founders Bank, Inc. issue a money order?

Does American Founders Bank, Inc. do currency exchange?

Background on The Bank

Who owns American Founders Bank, Inc.?

How long has American Founders Bank, Inc. been around?

Can American Founders Bank, Inc. transfer to other banks?

Does American Founders Bank, Inc. have quick pay?

Does American Founders Bank, Inc. accept rolled coins?

Will American Founders Bank, Inc. accept loose change?

Where is American Founders Bank, Inc. headquarters?

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