American State Bank

Headquarters

525 North Main Street
Sioux Center, IA 51250
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 1.02% →
1-Year CD 0.85% 1.45% →
2-Year CD 1.00% 2.31% →
5-Year CD 1.10% 3.00% →
30-Year Mortgage 3.65% 2.81% →
15-Year Mortgage 3.05% 2.36% →
HELOC N.A. 2.79% →

2022 Overview

General Bank Information

American State Bank is an FDIC insured institution located in Sioux Center, IA. It was founded in 1913 and has approximately $1.19 billion in assets. Customers can open an account at one of its 9 branches.

FDIC Insured Yes
FDIC Certificate # 228
Date Established 1913
Assets $ 1,189.08 million
Loans $ 920.47 million
Deposits $ 978.60 million
Capital $ 126.83 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 - May 20, 2022

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $2,500 $4,999 Learn More
Money Market
0.20% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.30% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.35% $10,000 $14,999 Learn More
6 Mo CD
0.45% $100,000 $199,999 Learn More
12 Mo CD
0.85% $10,000 $14,999 Learn More
12 Mo CD
0.85% $100,000 $199,999 Learn More
18 Mo CD
0.95% $10,000 $14,999 Learn More
18 Mo CD
0.95% $100,000 $199,999 Learn More
24 Mo CD
1.00% $10,000 $14,999 Learn More
24 Mo CD
1.00% $100,000 $199,999 Learn More
30 Mo CD
1.05% $10,000 $14,999 Learn More
30 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
1.10% $10,000 $14,999 Learn More
48 Mo CD
1.10% $100,000 $199,999 Learn More
60 Mo CD
1.10% $10,000 $14,999 Learn More
60 Mo CD
1.10% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.20% $2,500 $3,499 Learn MoreShow Less
Checking Rates APY MIN FEE
Rewards Checking 1.50% $0 $0.00 Learn MoreShow Less
 

Loan Rates - May 20, 2022

Your Current Location: Connecticut, CT 06828

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

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



Climate Initiatives

American State Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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
14.02% 3.95%

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 December 31, 2021, American State Bank had $18,356,000 in non-current loans and $1,379,000 in owned real estate. To cover these potential losses it had $126,830,000 in equity and $13,896,000 in loans loss reserves. That gives it a Texas Ratio of 14.02%.

Return on Equity
American State Bank U.S. Bank Average
15.16% 10.50%

American State Bank has a Return on Equity of 15.16% versus the BestCashCow average of 10.50%. 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
10.67% 11.55%

American State Bank has a Capitalization of 10.67% versus the BestCashCow average of 11.55. 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 December 31, 2021, American State Bank had assets of $1,189,079,000, loans of $920,466,000, and deposits of $978,599,000. 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

December 31, 2021
ASSETS
Cash & Balances due from depository institutions $ 169.20 million
Interest-bearing balances $ 152.77 million
Total securities $ 61.44 million
Federal funds sold and reverse repurchase $ 3.38 million
Net loans and leases $ 920.47 million
Loan loss allowance $ 13.90 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.38 million
Goodwill and other intangibles $ 4.90 million
All other assets $ 13.11 million
     Total Assets $ 1,062.25 million
LIABILITIES
Total deposits $ 978.60 million
      Interest-bearing deposits $ 830.38 million
      Deposits held in domestic offices $ 978.60 million
      % insured (estimated) 65.29%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 82.64 million
Subordinated debt N.A.
All other liabilities $ 1.01 million
      Total Liabilities $ 1,062.25 million
      Shareholders’ Equity $ 126.83 million

Summary Income Statement

December 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 40.36 million
Total Interest Expense $ 8.21 million
Net interest income $ 32.15 million
Provision for loan and lease losses $ 1.60 million
Total non interest income $ 10.99 million
Total non interest expense $ 22.00 million
Pre-tax Net Operating Income $ 19.54 million

Bank Loan Profile?

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

Compared to other banks in Iowa, American State Bank has a significantly higher percent of Credit Card 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 6.27
Multifamily
Mortgages
1.06
Credit Card Loans 0.23
Consumer Auto Loans 0.66
Small Business Loans 6.08
Construction and Development Loans 3.58
Commercial Real Estate 21.45
Commercial and Industrial Loans 18.15
Farm Loans 21.31

Customer Reviews for American State Bank


  • June 25, 2020 |

    If you need a simple answer you will have to jump through hoops and talk to people that are not connected to your bank. Plus when you try to return the call the number they call from is not a working number. ?????

  • February 14, 2017 |

    I opened my account back in 2013, I have been getting 3.2% on 25k (~$795 per year) regularly since then. My only complaint is that the Debit Card transactions can take up to 2 days to post. But since only 10 are required per month, I do them early in the month.

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