American State Bank

Headquarters

1401 Avenue Q
Lubbock, TX 79401
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.40% →
1-Year CD N.A. 1.15% →
2-Year CD N.A. 1.26% →
5-Year CD N.A. 2.25% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

American State Bank is an FDIC insured institution located in Lubbock, TX. It was founded in 1948 and has approximately $3.15 billion in assets.

FDIC Insured Yes
FDIC Certificate # 16701
Date Established 1948
Assets $ 3.15 billion
Loans $ 1,222.96 million
Deposits $ 2.50 billion
Capital $ 296.04 million
 

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

Deposit Rates - July 10, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - July 10, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for American State 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
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.950% 2.875% 1.00 $2,438 $1,038 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
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

Note to American State Bank
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Branches

American State 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 State Bank Locations


Financial Details

American State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of American State 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 State Bank U.S. Bank Average
7.37% 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 State Bank had $22,515,000 in non-current loans and $1,232,000 in owned real estate. To cover these potential losses it had $296,043,000 in equity and $26,000,000 in loans loss reserves. That gives it a Texas Ratio of 7.37%.

Return on Equity
American State Bank U.S. Bank Average
24.62% 7.80%

American State Bank has a Return on Equity of 24.62% 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 State Bank U.S. Bank Average
9.39% 12.68%

American State Bank has a Capitalization of 9.39% 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 State Bank Balance Sheet Analysis

As of June 30, 2012, American State Bank had assets of $3,153,815,000, loans of $1,222,956,000, and deposits of $2,495,652,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,222.96 million
Loan loss allowance $ 26.00 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.23 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 2.50 billion
      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 $ 3.15 billion

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
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 State Bank’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, American State 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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
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 0.00
Farm Loans 0.00

Frequently Asked Questions About American State Bank

Branches and Savings

Is American State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #16701.

Why does American State 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 State Bank CD rates not competitive?

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

Is American State Bank a commercial bank?

Yes

Where are American State Bank locations?

See branch locations nearby.

Is American State Bank open on Saturdays?

Is American State Bank open on Sundays?

What time does American State Bank open?

What time does American State Bank close?

Are American State Bank ATMs Open 24/7?

Do American State Bank ATMs accept cash deposits?

Can American State Bank customers use other ATMs?

Do American State Bank branches have notaries?

Will American State Bank notarize my document?

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

Will the American State Bank branch print checks?

Do American State Bank checks expire?

Does American State Bank require US citizenship to open account?

Can American State Bank close my account?

Does American State Bank Report to credit bureaus?

Does American State Bank Use Equifax?

What is American State Bank's ACH Routing Number?

What is American State Bank's SWIFT code?

Products

Does American State Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does American State Bank offer personal loans?

Compare personal loan rates here.

Does American State Bank offer student loans?

Will American State Bank cash a check?

Will American State Bank redeem a savings bond?

Does American State Bank cash savings bonds?

Will American State Bank cash money orders?

Can American State Bank issue a money order?

Does American State Bank do currency exchange?

Background on The Bank

Who owns American State Bank?

How long has American State Bank been around?

Can American State Bank transfer to other banks?

Does American State Bank have quick pay?

Does American State Bank accept rolled coins?

Will American State Bank accept loose change?

Where is American State Bank headquarters?

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