American State Bank & Trust Company of Williston

Headquarters

223 Main St
Williston, ND 58801
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Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.80% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.05% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

American State Bank & Trust Company of Williston is an FDIC insured institution located in Williston, ND. It was founded in 1936 and has approximately $0.6 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 15444
Date Established 1936
Assets $ 601.08 million
Loans $ 297.91 million
Deposits $ 540.38 million
Capital $ 43.07 million
 

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

Deposit Rates - December 10, 2024

Your Current Location: Washington, WA 98109


Loan Rates - December 10, 2024

Your Current Location: Washington, WA 98109

There are currently no loan rates available for American State Bank & Trust Company of Williston

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Washington 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Monthly
Payment
Learn More
Sammamish Mortgage Company
NMLS ID: 118653
License#: CL-118653
6.340% 6.250%
1.00 points
$3,034 fees
$1,971 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.580% 6.490%
0.75 points
$3,020 fees
$2,021 Learn More
PenFed Credit Union
NMLS ID: 401822
6.782% 6.625%
1.00 points
$5,195 fees
$2,049 Learn More
Rocket Mortgage
NMLS ID: 3030
7.089% 6.990%
1.00 points
$3,200 fees
$2,127 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Rate
Rate
See Table
Intro APR 9.600 %
After Intro: 9.600 %
$25,000 Learn More
More Info

Note to American State Bank & Trust Company of Williston
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Branches

American State Bank & Trust Company of Williston 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:
Seattle,Washington


American State Bank & Trust Company of Williston Locations around zip code 98109


BranchDistance Map View Lobby Hours

North Branch

992.88 A View Lobby Hours

American State Bank & Trust Company

993.04 B View Lobby Hours


Climate Policy and Initiatives

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


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Financial Details

American State Bank & Trust Company of Williston Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of American State Bank & Trust Company of Williston. 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 & Trust Company of Williston U.S. Bank Average
9.97% 4.48%

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 June 30, 2024, American State Bank & Trust Company of Williston had $4,875,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $43,067,000 in equity and $5,828,000 in loans loss reserves. That gives it a Texas Ratio of 9.97%.

Return on Equity
American State Bank & Trust Company of Williston U.S. Bank Average
29.11% 10.46%

American State Bank & Trust Company of Williston has a Return on Equity of 29.11% versus the BestCashCow average of 10.46%. 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 & Trust Company of Williston U.S. Bank Average
7.16% 10.84%

American State Bank & Trust Company of Williston has a Capitalization of 7.16% versus the BestCashCow average of 10.84. 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 & Trust Company of Williston Balance Sheet Analysis

As of June 30, 2024, American State Bank & Trust Company of Williston had assets of $601,075,000, loans of $297,905,000, and deposits of $540,375,000. 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

June 30, 2024
ASSETS
Cash & Balances due from depository institutions $ 7.21 million
Interest-bearing balances $ 1.38 million
Total securities $ 277.24 million
Federal funds sold and reverse repurchase $ 0.75 million
Net loans and leases $ 297.91 million
Loan loss allowance $ 5.83 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 11.85 million
     Total Assets $ 558.01 million
LIABILITIES
Total deposits $ 540.38 million
      Interest-bearing deposits $ 399.33 million
      Deposits held in domestic offices $ 540.38 million
      % insured (estimated) 61.70%
Federal funds purchased and repurchase agreements $ 1.70 million
Trading liabilities N.A.
Other borrowed funds $ 8.51 million
Subordinated debt N.A.
All other liabilities $ 2.30 million
      Total Liabilities $ 558.01 million
      Shareholders’ Equity $ 43.07 million

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income $ 12.60 million
Total Interest Expense $ 4.49 million
Net interest income $ 8.11 million
Provision for loan and lease losses N.A.
Total non interest income $ 5.15 million
Total non interest expense $ 6.58 million
Pre-tax Net Operating Income $ 6.74 million

Bank Loan Profile?

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

Compared to other banks in North Dakota, American State Bank & Trust Company of Williston has a significantly higher percent of Multifamily Mortgages, 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 7.73
Multifamily
Mortgages
5.85
Credit Card Loans 0.34
Consumer Auto Loans 3.09
Small Business Loans 7.75
Construction and Development Loans 2.79
Commercial Real Estate 23.10
Commercial and Industrial Loans 17.41
Farm Loans 10.37

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