American Security Bank


1401 Dove Street, Suite 100
Newport Beach, CA 92660
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Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.10% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

American Security Bank is an FDIC insured institution located in Newport Beach, CA. It was founded in 1990 and has approximately $0.43 billion in assets.

FDIC Insured Yes
FDIC Certificate # 33121
Date Established 1990
Assets $ 431.17 million
Loans $ 243.44 million
Deposits $ 375.36 million
Capital $ 55.01 million

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

Deposit Rates - October 15, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - October 15, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for American Security 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 2021

Lender APR Rate (%) Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.600% 3.500%
0.75 points
$3,125 fees
$1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to American Security Bank
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Climate Initiatives

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Financial Details

American Security Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of American Security Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
American Security Bank U.S. Bank Average
13.66% 4.78%

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 June 30, 2021, American Security Bank had $6,444,000 in non-current loans and $1,585,000 in owned real estate. To cover these potential losses it had $55,006,000 in equity and $3,772,000 in loans loss reserves. That gives it a Texas Ratio of 13.66%.

Return on Equity
American Security Bank U.S. Bank Average
0.05% 11.29%

American Security Bank has a Return on Equity of 0.05% versus the BestCashCow average of 11.29%. 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.

American Security Bank U.S. Bank Average
12.76% 11.72%

American Security Bank has a Capitalization of 12.76% versus the BestCashCow average of 11.72. 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 Security Bank Balance Sheet Analysis

As of March 31, 2014, American Security Bank had assets of $431,171,000, loans of $243,438,000, and deposits of $375,357,000. 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

June 30, 2021
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 243.44 million
Loan loss allowance $ 3.77 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.59 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
Total deposits $ 375.36 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 431.17 million

Summary Income Statement

June 30, 2021
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in American Security Bank’s loan portfolio are Commercial Real Estate, Small Business Loans, and Commercial and Industrial Loans.

Compared to other banks in California, American Security Bank has a significantly higher percent of Small Business Loans, 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 6.65
Credit Card Loans 0.00
Consumer Auto Loans 1.85
Small Business Loans 18.36
Construction and Development Loans 3.94
Commercial Real Estate 72.99
Commercial and Industrial Loans 8.99
Farm Loans 0.00

Frequently Asked Questions About American Security Bank

Branches and Savings

Is American Security Bank FDIC insured?

Yes. It is covered under FDIC Certificate #33121.

Why does American Security 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 Security Bank CD rates not competitive?

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

Is American Security Bank a commercial bank?


Where are American Security Bank locations?

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Is American Security Bank open on Saturdays?

Is American Security Bank open on Sundays?

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What time does American Security Bank close?

Are American Security Bank ATMs Open 24/7?

Do American Security Bank ATMs accept cash deposits?

Can American Security Bank customers use other ATMs?

Do American Security Bank branches have notaries?

Will American Security Bank notarize my document?

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

Will the American Security Bank branch print checks?

Do American Security Bank checks expire?

Does American Security Bank require US citizenship to open account?

Can American Security Bank close my account?

Does American Security Bank Report to credit bureaus?

Does American Security Bank Use Equifax?

What is American Security Bank's ACH Routing Number?

What is American Security Bank's SWIFT code?


Does American Security Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does American Security Bank offer personal loans?

Compare personal loan rates here.

Does American Security Bank offer student loans?

Will American Security Bank cash a check?

Will American Security Bank redeem a savings bond?

Does American Security Bank cash savings bonds?

Will American Security Bank cash money orders?

Can American Security Bank issue a money order?

Does American Security Bank do currency exchange?

Background on The Bank

Who owns American Security Bank?

How long has American Security Bank been around?

Can American Security Bank transfer to other banks?

Does American Security Bank have quick pay?

Does American Security Bank accept rolled coins?

Will American Security Bank accept loose change?

Where is American Security Bank headquarters?

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