American State Bank of Grygla

Headquarters

102 S Main Ave
Grygla, MN 56727
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.15% 0.95% →
1-Year CD 0.60% 1.01% →
2-Year CD 0.75% 0.95% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

American State Bank of Grygla is an FDIC insured institution located in Grygla, MN. It was founded in 1976 and has approximately $0.06 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 22263
Date Established 1976
Assets $ 57.27 million
Loans $ 35.14 million
Deposits $ 50.86 million
Capital $ 6.26 million
 

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.

Deposit Rates - October 27, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.15% $1 - Learn More
Money Market
0.15% $2,500 - Learn More
Premium Money Market Account
0.35% $10,000 - Learn More
CD Rates APY MIN MAX
3 Mo CD
0.25% $2,500 - Learn More
6 Mo CD
0.40% $2,500 - Learn More
12 Mo CD
0.60% $500 - Learn More
18 Mo CD
0.65% $500 - Learn More
24 Mo CD
0.75% $500 - Learn More
30 Mo CD
0.85% $500 - Learn More
36 Mo CD
0.90% $500 - Learn More
48 Mo CD
1.00% $500 - Learn More

Variable IRA Rates APY MIN MAX
Var IRA
1.01% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $500 - Learn MoreShow Less

Loan Rates - October 27, 2020

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.674% 2.625% 0.63 $1,595 $1,005 Learn More
Rocket Mortgage
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

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
8.86% 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 of Grygla had $594,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $6,257,000 in equity and $449,000 in loans loss reserves. That gives it a Texas Ratio of 8.86%.

Return on Equity
American State Bank of Grygla U.S. Bank Average
12.37% 7.80%

American State Bank of Grygla has a Return on Equity of 12.37% 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 of Grygla U.S. Bank Average
10.93% 12.68%

American State Bank of Grygla has a Capitalization of 10.93% 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 of Grygla Balance Sheet Analysis

As of March 31, 2020, American State Bank of Grygla had assets of $57,271,000, loans of $35,137,000, and deposits of $50,856,000. 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 $ 12.00 million
Interest-bearing balances $ 10.42 million
Total securities $ 8.56 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 35.14 million
Loan loss allowance $ 0.45 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.14 million
All other assets $ 1.13 million
     Total Assets $ 51.01 million
LIABILITIES
Total deposits $ 50.86 million
      Interest-bearing deposits $ 39.80 million
      Deposits held in domestic offices $ 50.86 million
      % insured (estimated) 87.31%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 0.02 million
Subordinated debt N.A.
All other liabilities $ 0.14 million
      Total Liabilities $ 51.01 million
      Shareholders’ Equity $ 6.26 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 0.58 million
Total Interest Expense $ 0.08 million
Net interest income $ 0.50 million
Provision for loan and lease losses $ 0.04 million
Total non interest income $ 0.17 million
Total non interest expense $ 0.43 million
Pre-tax Net Operating Income $ 0.19 million

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 Commercial and Industrial 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 19.66
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 3.81
Small Business Loans 0.00
Construction and Development Loans 1.59
Commercial Real Estate 9.35
Commercial and Industrial Loans 13.22
Farm Loans 27.61

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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