AMERIPRISE BANK, FSB

Headquarters

707 2nd Avenue South
Minneapolis, MN 55402
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD 0.30% 1.05% →
2-Year CD 0.35% 1.11% →
5-Year CD N.A. 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

AMERIPRISE BANK, FSB is an FDIC insured institution located in Minneapolis, MN. It was founded in 2006 and has approximately $6.62 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58303
Date Established 2006
Assets $ 6.62 billion
Loans $ 85.27 million
Deposits $ 6.16 billion
Capital $ 320.38 million
 

For a more detailed analysis of AMERIPRISE BANK, FSB's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - August 8, 2020

Your Current Location: Virginia, VA 20146

CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.15% $100,000 $199,999 Learn More
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.25% $100,000 $199,999 Learn More
12 Mo CD
0.25% $10,000 $14,999 Learn More
12 Mo CD
0.30% $100,000 $199,999 Learn More
Special: 13 Mo CD
0.50% $1,000,000 $5,000,000 Learn More
18 Mo CD
0.30% $10,000 $14,999 Learn More
18 Mo CD
0.35% $100,000 $199,999 Learn More
24 Mo CD
0.30% $10,000 $14,999 Learn More
24 Mo CD
0.35% $100,000 $199,999 Learn More
30 Mo CD
0.35% $10,000 $14,999 Learn More
30 Mo CD
0.40% $100,000 $199,999 Learn More
36 Mo CD
0.40% $10,000 $14,999 Learn More
36 Mo CD
0.45% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More


Loan Rates - August 8, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for AMERIPRISE BANK, FSB

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
1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.758% 2.690% 0.88 $2,244 $1,013 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.914% 2.875% 0.50 $1,250 $1,038 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
2.990 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

Note to AMERIPRISE BANK, FSB
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

AMERIPRISE BANK, FSB 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


AMERIPRISE BANK, FSB Locations


Financial Details

AMERIPRISE BANK, FSB Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of AMERIPRISE BANK, FSB. 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
AMERIPRISE BANK, FSB U.S. Bank Average
0.21% 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, AMERIPRISE BANK, FSB had $677,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $320,377,000 in equity and $3,700,000 in loans loss reserves. That gives it a Texas Ratio of 0.21%.

Return on Equity
AMERIPRISE BANK, FSB U.S. Bank Average
17.4% 7.80%

AMERIPRISE BANK, FSB has a Return on Equity of 17.4% 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
AMERIPRISE BANK, FSB U.S. Bank Average
4.84% 12.68%

AMERIPRISE BANK, FSB has a Capitalization of 4.84% 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.

AMERIPRISE BANK, FSB Balance Sheet Analysis

As of March 31, 2020, AMERIPRISE BANK, FSB had assets of $6,624,050,000, loans of $85,269,000, and deposits of $6,161,783,000. 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 $ 1,196.01 million
Interest-bearing balances $ 1,195.44 million
Total securities $ 5.28 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 85.27 million
Loan loss allowance $ 3.70 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 6.71 million
All other assets $ 60.82 million
     Total Assets $ 6.30 billion
LIABILITIES
Total deposits $ 6.16 billion
      Interest-bearing deposits $ 6.16 billion
      Deposits held in domestic offices $ 6.16 billion
      % insured (estimated) 99.97%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 141.89 million
      Total Liabilities $ 6.30 billion
      Shareholders’ Equity $ 320.38 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 26.38 million
Total Interest Expense $ 0.87 million
Net interest income $ 25.51 million
Provision for loan and lease losses $ 1.26 million
Total non interest income $ 3.72 million
Total non interest expense $ 10.07 million
Pre-tax Net Operating Income $ 17.91 million

Bank Loan Profile?

The top three loan types in AMERIPRISE BANK, FSB’s loan portfolio are Credit Card Loans, 1-4 Family Residential Loans, and Multifamily Mortgages.

Compared to other banks in Minnesota, AMERIPRISE BANK, FSB has a significantly higher percent of 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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 100.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Frequently Asked Questions About Ameriprise Bank, Fsb

Branches and Savings

Is Ameriprise Bank, Fsb FDIC insured?

Yes. It is covered under FDIC Certificate #58303.

Why does Ameriprise Bank, Fsb pay such low interest on savings accounts?

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

Why are Ameriprise Bank, Fsb CD rates not competitive?

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

Is Ameriprise Bank, Fsb a commercial bank?

Yes

Where are Ameriprise Bank, Fsb locations?

See branch locations nearby.

Is Ameriprise Bank, Fsb open on Saturdays?

Is Ameriprise Bank, Fsb open on Sundays?

What time does Ameriprise Bank, Fsb open?

What time does Ameriprise Bank, Fsb close?

Are Ameriprise Bank, Fsb ATMs Open 24/7?

Do Ameriprise Bank, Fsb ATMs accept cash deposits?

Can Ameriprise Bank, Fsb customers use other ATMs?

Do Ameriprise Bank, Fsb branches have notaries?

Will Ameriprise Bank, Fsb notarize my document?

What address for Ameriprise Bank, Fsb should I put for incoming ACH transfers?

Will the Ameriprise Bank, Fsb branch print checks?

Do Ameriprise Bank, Fsb checks expire?

Does Ameriprise Bank, Fsb require US citizenship to open account?

Can Ameriprise Bank, Fsb close my account?

Does Ameriprise Bank, Fsb Report to credit bureaus?

Does Ameriprise Bank, Fsb Use Equifax?

What is Ameriprise Bank, Fsb's ACH Routing Number?

What is Ameriprise Bank, Fsb's SWIFT code?

Products

Does Ameriprise Bank, Fsb offer mortgages?

Compare mortgage rates here.

Does Ameriprise Bank, Fsb offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Ameriprise Bank, Fsb offer personal loans?

Compare personal loan rates here.

Does Ameriprise Bank, Fsb offer student loans?

Will Ameriprise Bank, Fsb cash a check?

Will Ameriprise Bank, Fsb redeem a savings bond?

Does Ameriprise Bank, Fsb cash savings bonds?

Will Ameriprise Bank, Fsb cash money orders?

Can Ameriprise Bank, Fsb issue a money order?

Does Ameriprise Bank, Fsb do currency exchange?

Background on The Bank

Who owns Ameriprise Bank, Fsb?

How long has Ameriprise Bank, Fsb been around?

Can Ameriprise Bank, Fsb transfer to other banks?

Does Ameriprise Bank, Fsb have quick pay?

Does Ameriprise Bank, Fsb accept rolled coins?

Will Ameriprise Bank, Fsb accept loose change?

Where is Ameriprise Bank, Fsb headquarters?

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