American National Bank of Minnesota

Headquarters

7638 Woida Road
Baxter, MN 56425
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 0.95% →
1-Year CD 1.05% 1.01% →
2-Year CD 1.05% 0.95% →
5-Year CD 1.25% 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 National Bank of Minnesota is an FDIC insured institution located in Baxter, MN. It was founded in 1983 and has approximately $0.3 billion in assets. Customers can open an account at one of its 9 branches.

FDIC Insured Yes
FDIC Certificate # 26499
Date Established 1983
Assets $ 303.57 million
Loans $ 245.16 million
Deposits $ 242.18 million
Capital $ 33.29 million
 

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

Deposit Rates - October 24, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.25% $10,000 $14,999 Learn More
Money Market
0.40% $25,000 $29,999 Learn More
Premium Money Market Account
0.15% $10,000 $14,999 Learn More
Premium Money Market Account
0.70% $25,000 $34,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $10,000 $14,999 Learn More
3 Mo CD
0.25% $100,000 $199,999 Learn More
6 Mo CD
0.50% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
1.05% $10,000 $14,999 Learn More
12 Mo CD
1.05% $100,000 $199,999 Learn More
24 Mo CD
1.05% $10,000 $14,999 Learn More
24 Mo CD
1.05% $100,000 $199,999 Learn More
36 Mo CD
1.05% $10,000 $14,999 Learn More
36 Mo CD
1.05% $100,000 $199,999 Learn More
48 Mo CD
1.25% $10,000 $14,999 Learn More
48 Mo CD
1.25% $100,000 $199,999 Learn More
60 Mo CD
1.25% $10,000 $14,999 Learn More
60 Mo CD
1.25% $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 - October 24, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for American National Bank of Minnesota

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
2.575% 2.500% 1.00 $2,470 $988 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 National Bank of Minnesota
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Branches

American National Bank of Minnesota 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 National Bank of Minnesota Locations


Financial Details

American National Bank of Minnesota Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of American National Bank of Minnesota. 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 National Bank of Minnesota U.S. Bank Average
11.16% 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 National Bank of Minnesota had $1,540,000 in non-current loans and $2,615,000 in owned real estate. To cover these potential losses it had $33,290,000 in equity and $3,927,000 in loans loss reserves. That gives it a Texas Ratio of 11.16%.

Return on Equity
American National Bank of Minnesota U.S. Bank Average
10.52% 7.80%

American National Bank of Minnesota has a Return on Equity of 10.52% 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 National Bank of Minnesota U.S. Bank Average
10.97% 12.68%

American National Bank of Minnesota has a Capitalization of 10.97% 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 National Bank of Minnesota Balance Sheet Analysis

As of March 31, 2020, American National Bank of Minnesota had assets of $303,568,000, loans of $245,156,000, and deposits of $242,182,000. 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 $ 26.23 million
Interest-bearing balances $ 24.14 million
Total securities $ 6.18 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 245.16 million
Loan loss allowance $ 3.93 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 2.62 million
Goodwill and other intangibles N.A.
All other assets $ 13.00 million
     Total Assets $ 270.28 million
LIABILITIES
Total deposits $ 242.18 million
      Interest-bearing deposits $ 222.55 million
      Deposits held in domestic offices $ 242.18 million
      % insured (estimated) 91.88%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 27.00 million
Subordinated debt N.A.
All other liabilities $ 1.10 million
      Total Liabilities $ 270.28 million
      Shareholders’ Equity $ 33.29 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.93 million
Total Interest Expense $ 1.00 million
Net interest income $ 2.93 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.24 million
Total non interest expense $ 2.30 million
Pre-tax Net Operating Income $ 0.87 million

Bank Loan Profile?

The top three loan types in American National Bank of Minnesota’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Minnesota, American National Bank of Minnesota has a significantly higher percent of 1-4 Family Residential Loans, Small Business Loans, Construction and Development 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 48.02
Multifamily
Mortgages
4.47
Credit Card Loans 0.00
Consumer Auto Loans 1.01
Small Business Loans 14.19
Construction and Development Loans 13.72
Commercial Real Estate 26.47
Commercial and Industrial Loans 4.56
Farm Loans 0.03

Frequently Asked Questions About American National Bank Of Minnesota

Branches and Savings

Is American National Bank Of Minnesota FDIC insured?

Yes. It is covered under FDIC Certificate #26499.

Why does American National Bank Of Minnesota pay such low interest on savings accounts?

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

Why are American National Bank Of Minnesota CD rates not competitive?

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

Is American National Bank Of Minnesota a commercial bank?

Yes

Where are American National Bank Of Minnesota locations?

See branch locations nearby.

Is American National Bank Of Minnesota open on Saturdays?

Is American National Bank Of Minnesota open on Sundays?

What time does American National Bank Of Minnesota open?

What time does American National Bank Of Minnesota close?

Are American National Bank Of Minnesota ATMs Open 24/7?

Do American National Bank Of Minnesota ATMs accept cash deposits?

Can American National Bank Of Minnesota customers use other ATMs?

Do American National Bank Of Minnesota branches have notaries?

Will American National Bank Of Minnesota notarize my document?

What address for American National Bank Of Minnesota should I put for incoming ACH transfers?

Will the American National Bank Of Minnesota branch print checks?

Do American National Bank Of Minnesota checks expire?

Does American National Bank Of Minnesota require US citizenship to open account?

Can American National Bank Of Minnesota close my account?

Does American National Bank Of Minnesota Report to credit bureaus?

Does American National Bank Of Minnesota Use Equifax?

What is American National Bank Of Minnesota's ACH Routing Number?

What is American National Bank Of Minnesota's SWIFT code?

Products

Does American National Bank Of Minnesota offer mortgages?

Compare mortgage rates here.

Does American National Bank Of Minnesota offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does American National Bank Of Minnesota offer personal loans?

Compare personal loan rates here.

Does American National Bank Of Minnesota offer student loans?

Will American National Bank Of Minnesota cash a check?

Will American National Bank Of Minnesota redeem a savings bond?

Does American National Bank Of Minnesota cash savings bonds?

Will American National Bank Of Minnesota cash money orders?

Can American National Bank Of Minnesota issue a money order?

Does American National Bank Of Minnesota do currency exchange?

Background on The Bank

Who owns American National Bank Of Minnesota?

How long has American National Bank Of Minnesota been around?

Can American National Bank Of Minnesota transfer to other banks?

Does American National Bank Of Minnesota have quick pay?

Does American National Bank Of Minnesota accept rolled coins?

Will American National Bank Of Minnesota accept loose change?

Where is American National Bank Of Minnesota headquarters?

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