American Momentum Bank

Headquarters

One Momentum Boulevard
College Station, TX 77845
See all branch locations →

American Momentum Bank
Notable Rates APY Vs.Others
Savings 0.05% 1.05% →
1-Year CD 0.20% 1.05% →
2-Year CD 0.38% 1.11% →
5-Year CD 0.50% 2.25% →
30-Year Mortgage N.A. 2.88% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

American Momentum Bank is an FDIC insured institution located in College Station, TX. It was founded in 2006 and has approximately $2.61 billion in assets. Customers can open an account at one of its 14 branches.

FDIC Insured Yes
FDIC Certificate # 58309
Date Established 2006
Assets $ 2.61 billion
Loans $ 1,709.14 million
Deposits $ 2.22 billion
Capital $ 356.33 million
 

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

Deposit Rates - August 13, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $10,000 $14,999 Learn More
3 Mo CD
0.15% $100,000 $199,999 Learn More
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.15% $100,000 $199,999 Learn More
12 Mo CD
0.20% $10,000 $14,999 Learn More
12 Mo CD
0.20% $100,000 $199,999 Learn More
24 Mo CD
0.38% $10,000 $14,999 Learn More
24 Mo CD
0.38% $100,000 $199,999 Learn More
36 Mo CD
0.38% $10,000 $14,999 Learn More
36 Mo CD
0.38% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
0.50% $10,000 $14,999 Learn More
60 Mo CD
0.50% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 13, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for American Momentum Bank

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




Featured - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.914% 2.875% 0.50 $1,250 $1,038 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

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

Branches

American Momentum 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:
Fairfield,Connecticut


American Momentum Bank Locations


Financial Details

American Momentum Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of American Momentum 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 Momentum Bank U.S. Bank Average
9.93% 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 Momentum Bank had $20,434,000 in non-current loans and $16,353,000 in owned real estate. To cover these potential losses it had $356,332,000 in equity and $14,197,000 in loans loss reserves. That gives it a Texas Ratio of 9.93%.

Return on Equity
American Momentum Bank U.S. Bank Average
5.65% 7.80%

American Momentum Bank has a Return on Equity of 5.65% 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 Momentum Bank U.S. Bank Average
13.64% 12.68%

American Momentum Bank has a Capitalization of 13.64% 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 Momentum Bank Balance Sheet Analysis

As of March 31, 2020, American Momentum Bank had assets of $2,612,114,000, loans of $1,709,144,000, and deposits of $2,222,404,000. 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 $ 401.84 million
Interest-bearing balances $ 336.84 million
Total securities $ 262.00 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,709.14 million
Loan loss allowance $ 14.20 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 16.35 million
Goodwill and other intangibles $ 131.95 million
All other assets $ 46.20 million
     Total Assets $ 2.26 billion
LIABILITIES
Total deposits $ 2.22 billion
      Interest-bearing deposits $ 1,260.35 million
      Deposits held in domestic offices $ 2.22 billion
      % insured (estimated) 56.39%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt $ 19.50 million
All other liabilities $ 13.88 million
      Total Liabilities $ 2.26 billion
      Shareholders’ Equity $ 356.33 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 23.16 million
Total Interest Expense $ 2.63 million
Net interest income $ 20.53 million
Provision for loan and lease losses $ 3.47 million
Total non interest income $ 2.41 million
Total non interest expense $ 13.97 million
Pre-tax Net Operating Income $ 5.50 million

Bank Loan Profile?

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

Compared to other banks, American Momentum Bank’s loan portfolio does not show any specific loan specialty.

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 14.07
Multifamily
Mortgages
3.24
Credit Card Loans 0.00
Consumer Auto Loans 0.09
Small Business Loans 0.00
Construction and Development Loans 13.33
Commercial Real Estate 42.70
Commercial and Industrial Loans 24.73
Farm Loans 0.71

Frequently Asked Questions About American Momentum Bank

Branches and Savings

Is American Momentum Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58309.

Why does American Momentum 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 Momentum Bank CD rates not competitive?

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

Is American Momentum Bank a commercial bank?

Yes

Where are American Momentum Bank locations?

See branch locations nearby.

Is American Momentum Bank open on Saturdays?

Is American Momentum Bank open on Sundays?

What time does American Momentum Bank open?

What time does American Momentum Bank close?

Are American Momentum Bank ATMs Open 24/7?

Do American Momentum Bank ATMs accept cash deposits?

Can American Momentum Bank customers use other ATMs?

Do American Momentum Bank branches have notaries?

Will American Momentum Bank notarize my document?

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

Will the American Momentum Bank branch print checks?

Do American Momentum Bank checks expire?

Does American Momentum Bank require US citizenship to open account?

Can American Momentum Bank close my account?

Does American Momentum Bank Report to credit bureaus?

Does American Momentum Bank Use Equifax?

What is American Momentum Bank's ACH Routing Number?

What is American Momentum Bank's SWIFT code?

Products

Does American Momentum Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does American Momentum Bank offer personal loans?

Compare personal loan rates here.

Does American Momentum Bank offer student loans?

Will American Momentum Bank cash a check?

Will American Momentum Bank redeem a savings bond?

Does American Momentum Bank cash savings bonds?

Will American Momentum Bank cash money orders?

Can American Momentum Bank issue a money order?

Does American Momentum Bank do currency exchange?

Background on The Bank

Who owns American Momentum Bank?

How long has American Momentum Bank been around?

Can American Momentum Bank transfer to other banks?

Does American Momentum Bank have quick pay?

Does American Momentum Bank accept rolled coins?

Will American Momentum Bank accept loose change?

Where is American Momentum Bank headquarters?

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*Should any logos, images or public notes appear on this page,they do so courtesy of American Momentum Bank and are not subject to approval of BestCashCow. BestCashCow expressly disclaims all responsibility for this content.