American State Bank of Grygla

102 S Main Ave
Grygla, MN 56727

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 22263
Date Established 1976
Assets $0.05 billion
Loans $0.03 billion
Deposits $0.05 billion
Capital $0.01 billion

American State Bank of Grygla is an FDIC insured institution located in Grygla, MN. It was founded in 1976 and has approximately $0.05 billion in assets. Customers can open an account at one of its 2 branches.

For a more detailed analysis of American State Bank of Grygla'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 Grygla’s loan portfolio are Farm Loans, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Minnesota, American State Bank of Grygla has a significantly higher percent of Farm 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 20.26
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 5.17
Small Business Loans 10.67
Construction and Development Loans 5.31
Commercial Real Estate 10.67
Commercial and Industrial Loans 9.76
Farm Loans 27.45

Savings Rates

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD 10K
0.25% $2,500 - Learn MoreShow Less
6 Mo CD 10K
0.30% $2,500 - Learn MoreShow Less
Savings Rates APY MIN MAX
Savings 2.5K
0.15% $1 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA 0K
1.00% $1 - Learn MoreShow Less
MM Rates APY MIN MAX
MM 10K
0.20% $1,000 - Learn MoreShow Less
PREMM Rates APY MIN MAX
Premium MM 10K
0.40% $10,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg 0K
0.05% $500 - Learn MoreShow Less

Loan Rates

Your Current Location: Virginia, VA 20146

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

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
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
4.000% 4.000% 0.00 $0 $1,194 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 Grygla
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Branches

American State Bank of Grygla 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 Grygla Locations

Financial Details

American State Bank of Grygla Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of American State Bank of Grygla. 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 Grygla U.S. Bank Average
12.71% 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 Grygla had $766,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $5,695,000 in equity and $334,000 in loans loss reserves. That gives it a Texas Ratio of 12.71%. 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 Grygla U.S. Bank Average
8.92% 8.58

American State Bank of Grygla has a Return on Equity of 8.92% 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 Grygla U.S. Bank Average
10.96% 12.11

American State Bank of Grygla has a Capitalization of 10.96% 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 Grygla Balance Sheet Analysis

As of June 30, 2017, American State Bank of Grygla had assets of $51,941,000, loans of $32,660,000, and deposits of $46,072,000. 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 Grygla

Branches and Savings

Is American State Bank of Grygla FDIC insured?

Yes. It is covered under FDIC Certificate #22263.

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

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

Is American State Bank of Grygla a commercial bank?

Yes

Where are American State Bank of Grygla locations?

See branch locations nearby.

Is American State Bank of Grygla open on Saturdays?

Is American State Bank of Grygla open on Sundays?

What time does American State Bank of Grygla open?

What time does American State Bank of Grygla close?

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

Do American State Bank of Grygla ATMs accept cash deposits?

Can American State Bank of Grygla customers use other ATMs?

Do American State Bank of Grygla branches have notaries?

Will American State Bank of Grygla notarize my document?

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

Will the American State Bank of Grygla branch print checks?

Do American State Bank of Grygla checks expire?

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

Can American State Bank of Grygla close my account?

Does American State Bank of Grygla Report to credit bureaus?

Does American State Bank of Grygla Use Equifax?

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

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

Products

Does American State Bank of Grygla offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does American State Bank of Grygla offer personal loans?

Compare personal loan rates here.

Does American State Bank of Grygla offer student loans?

Will American State Bank of Grygla cash a check?

Will American State Bank of Grygla redeem a savings bond?

Does American State Bank of Grygla cash savings bonds?

Will American State Bank of Grygla cash money orders?

Can American State Bank of Grygla issue a money order?

Does American State Bank of Grygla do currency exchange?

Background on The Bank

Who owns American State Bank of Grygla?

How long has American State Bank of Grygla been around?

Can American State Bank of Grygla transfer to other banks?

Does American State Bank of Grygla have quick pay?

Does American State Bank of Grygla accept rolled coins?

Will American State Bank of Grygla accept loose change?

Where is American State Bank of Grygla headquarters?

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