American State Bank


1000 Jeffreys Drive
Osceola, IA 50213
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Notable Rates APY Vs.Others
Savings 0.12% 1.40% →
1-Year CD 0.50% 1.15% →
2-Year CD 0.60% 1.26% →
5-Year CD 0.75% 1.60% →
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 Osceola, IA. It was founded in 1987 and has approximately $0.22 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 26944
Date Established 1987
Assets $ 221.43 million
Loans $ 153.36 million
Deposits $ 175.98 million
Capital $ 21.90 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 3, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
0.12% $1 $9,999 Learn More
Money Market
0.15% $1,000 $9,999 Learn More
Money Market
0.15% $10,000 $24,999 Learn More
Money Market
0.30% $25,000 - Learn More
3 Mo CD
0.30% $1,000 - Learn More
6 Mo CD
0.35% $1,000 - Learn More
12 Mo CD
0.50% $1,000 - Learn More
18 Mo CD
0.55% $1,000 - Learn More
24 Mo CD
0.60% $1,000 - Learn More
30 Mo CD
0.60% $1,000 - Learn More
36 Mo CD
0.65% $1,000 - Learn More
48 Mo CD
0.70% $1,000 - Learn More
60 Mo CD
0.75% $1,000 - Learn More

Fixed IRA
0.50% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.15% $1 $9,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.07% $1 - Learn MoreShow Less

Loan Rates - July 3, 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
Learn More
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

Note to American State Bank
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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 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
5.56% 6.51%

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, 2019, American State Bank had $1,109,000 in non-current loans and $205,000 in owned real estate. To cover these potential losses it had $21,898,000 in equity and $1,752,000 in loans loss reserves. That gives it a Texas Ratio of 5.56%.

Return on Equity
American State Bank U.S. Bank Average
18.83% 9.41%

American State Bank has a Return on Equity of 18.83% versus the BestCashCow average of 9.41%. 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 State Bank U.S. Bank Average
9.89% 12.82%

American State Bank has a Capitalization of 9.89% versus the BestCashCow average of 12.82. 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, 2019, American State Bank had assets of $221,431,000, loans of $153,355,000, and deposits of $175,983,000. 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, 2019
Cash & Balances due from depository institutions $ 12.85 million
Interest-bearing balances $ 9.37 million
Total securities $ 36.47 million
Federal funds sold and reverse repurchase $ 7.00 million
Net loans and leases $ 153.36 million
Loan loss allowance $ 1.75 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.21 million
Goodwill and other intangibles $ 0.24 million
All other assets $ 7.74 million
     Total Assets $ 199.53 million
Total deposits $ 175.98 million
      Interest-bearing deposits $ 154.03 million
      Deposits held in domestic offices $ 175.98 million
      % insured (estimated) 76.71%
Federal funds purchased and repurchase agreements $ 1.14 million
Trading liabilities N.A.
Other borrowed funds $ 21.14 million
Subordinated debt N.A.
All other liabilities $ 1.27 million
      Total Liabilities $ 199.53 million
      Shareholders’ Equity $ 21.90 million

Summary Income Statement

December 31, 2019
Total Interest Income $ 10.48 million
Total Interest Expense $ 2.34 million
Net interest income $ 8.14 million
Provision for loan and lease losses $ 0.50 million
Total non interest income $ 2.47 million
Total non interest expense $ 5.98 million
Pre-tax Net Operating Income $ 4.14 million

Bank Loan Profile?

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

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 16.77
Credit Card Loans 0.07
Consumer Auto Loans 2.92
Small Business Loans 10.92
Construction and Development Loans 2.79
Commercial Real Estate 13.40
Commercial and Industrial Loans 19.70
Farm Loans 15.66

Frequently Asked Questions About American State Bank

Branches and Savings

Is American State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #26944.

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?


Where are American State Bank locations?

See branch locations nearby.

Is American State Bank open on Saturdays?

Is American State Bank open on Sundays?

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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?


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?

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Does American State Bank cash savings bonds?

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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?

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