American State Bank of Erskine

201 Vance Avenue
Erskine, MN 56535

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 10204
Date Established 1929
Assets $0.02 billion
Loans $0.01 billion
Deposits $0.02 billion
Capital $0.00 billion

American State Bank of Erskine is an FDIC insured institution located in Erskine, MN. It was founded in 1929 and has approximately $0.02 billion in assets.

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

Bank Loan Profile?

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

Compared to other banks in Minnesota, American State Bank of Erskine has a significantly higher percent of Small Business 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 22.16
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 2.53
Small Business Loans 31.28
Construction and Development Loans 5.65
Commercial Real Estate 31.28
Commercial and Industrial Loans 12.72
Farm Loans 6.85

Savings Rates

Your Current Location: Virginia, VA 20146

There are currently no rates available for American State Bank Of Erskine, but see these great savings and CD rates:


Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for American State Bank of Erskine

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 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
US Wide Financial
NMLS ID: 55028
License#: MC-5809
3.771% 3.750% 0.00 $642 $1,158 Learn More
PenFed Credit Union
NMLS ID: 401822
3.957% 3.875% 0.00 $2,500 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to American State Bank of Erskine
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Branches

American State Bank of Erskine 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 State Bank Of Erskine Locations

Financial Details

American State Bank of Erskine Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of American State Bank of Erskine. 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 of Erskine U.S. Bank Average
5.55% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, American State Bank of Erskine had $30,000 in non-current loans and $170,000 in owned real estate. To cover these potential losses it had $3,461,000 in equity and $144,000 in loans loss reserves. That gives it a Texas Ratio of 5.55%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
American State Bank of Erskine U.S. Bank Average
5.83% 8.58

American State Bank of Erskine has a Return on Equity of 5.83% versus the BestCashCow average of 8.58. 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 of Erskine U.S. Bank Average
14.24% 12.11

American State Bank of Erskine has a Capitalization of 14.24% versus the BestCashCow average of 12.11. 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 of Erskine Balance Sheet Analysis

As of June 30, 2014, American State Bank of Erskine had assets of $24,308,000, loans of $10,213,000, and deposits of $20,836,000. 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.

Frequently Asked Questions About American State Bank of Erskine

Branches and Savings

Is American State Bank of Erskine FDIC insured?

Yes. It is covered under FDIC Certificate #10204.

Why does American State Bank of Erskine 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 of Erskine CD rates not competitive?

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

Is American State Bank of Erskine a commercial bank?

Yes

Where are American State Bank of Erskine locations?

See branch locations nearby.

Is American State Bank of Erskine open on Saturdays?

Is American State Bank of Erskine open on Sundays?

What time does American State Bank of Erskine open?

What time does American State Bank of Erskine close?

Are American State Bank of Erskine ATMs Open 24/7?

Do American State Bank of Erskine ATMs accept cash deposits?

Can American State Bank of Erskine customers use other ATMs?

Do American State Bank of Erskine branches have notaries?

Will American State Bank of Erskine notarize my document?

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

Will the American State Bank of Erskine branch print checks?

Do American State Bank of Erskine checks expire?

Does American State Bank of Erskine require US citizenship to open account?

Can American State Bank of Erskine close my account?

Does American State Bank of Erskine Report to credit bureaus?

Does American State Bank of Erskine Use Equifax?

What is American State Bank of Erskine's ACH Routing Number?

What is American State Bank of Erskine's SWIFT code?

Products

Does American State Bank of Erskine offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does American State Bank of Erskine offer personal loans?

Compare personal loan rates here.

Does American State Bank of Erskine offer student loans?

Will American State Bank of Erskine cash a check?

Will American State Bank of Erskine redeem a savings bond?

Does American State Bank of Erskine cash savings bonds?

Will American State Bank of Erskine cash money orders?

Can American State Bank of Erskine issue a money order?

Does American State Bank of Erskine do currency exchange?

Background on The Bank

Who owns American State Bank of Erskine?

How long has American State Bank of Erskine been around?

Can American State Bank of Erskine transfer to other banks?

Does American State Bank of Erskine have quick pay?

Does American State Bank of Erskine accept rolled coins?

Will American State Bank of Erskine accept loose change?

Where is American State Bank of Erskine headquarters?

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