Ameristate Bank

Headquarters

113 South Pennsylvania
Atoka, OK 74525
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 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

Ameristate Bank is an FDIC insured institution located in Atoka, OK. It was founded in 1906 and has approximately $0.29 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 15510
Date Established 1906
Assets $ 290.69 million
Loans $ 212.54 million
Deposits $ 258.75 million
Capital $ 26.46 million
 

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

Deposit Rates - October 28, 2020

Your Current Location: Virginia, VA 20146


Loan Rates - October 28, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Ameristate Bank

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
2.669% 2.625% 0.63 $1,450 $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 Ameristate Bank
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Branches

Ameristate Bank 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


Ameristate Bank Locations


Financial Details

Ameristate Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Ameristate Bank. 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
Ameristate Bank U.S. Bank Average
26.51% 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, Ameristate Bank had $7,837,000 in non-current loans and $157,000 in owned real estate. To cover these potential losses it had $26,461,000 in equity and $3,697,000 in loans loss reserves. That gives it a Texas Ratio of 26.51%.

Return on Equity
Ameristate Bank U.S. Bank Average
19.1% 7.80%

Ameristate Bank has a Return on Equity of 19.1% 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
Ameristate Bank U.S. Bank Average
9.1% 12.68%

Ameristate Bank has a Capitalization of 9.1% 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.

Ameristate Bank Balance Sheet Analysis

As of March 31, 2020, Ameristate Bank had assets of $290,687,000, loans of $212,544,000, and deposits of $258,748,000. 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 $ 50.97 million
Interest-bearing balances $ 44.62 million
Total securities $ 6.54 million
Federal funds sold and reverse repurchase $ 4.65 million
Net loans and leases $ 212.54 million
Loan loss allowance $ 3.70 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.16 million
Goodwill and other intangibles N.A.
All other assets $ 8.42 million
     Total Assets $ 264.23 million
LIABILITIES
Total deposits $ 258.75 million
      Interest-bearing deposits $ 211.05 million
      Deposits held in domestic offices $ 258.75 million
      % insured (estimated) 79.20%
Federal funds purchased and repurchase agreements $ 1.18 million
Trading liabilities N.A.
Other borrowed funds $ 2.62 million
Subordinated debt N.A.
All other liabilities $ 1.68 million
      Total Liabilities $ 264.23 million
      Shareholders’ Equity $ 26.46 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.68 million
Total Interest Expense $ 0.84 million
Net interest income $ 2.84 million
Provision for loan and lease losses $ 0.05 million
Total non interest income $ 1.05 million
Total non interest expense $ 2.60 million
Pre-tax Net Operating Income $ 1.24 million

Bank Loan Profile?

The top three loan types in Ameristate Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks, Ameristate Bank’s loan portfolio does not show any specific loan specialty.

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 23.19
Multifamily
Mortgages
0.70
Credit Card Loans 0.00
Consumer Auto Loans 4.30
Small Business Loans 0.00
Construction and Development Loans 10.11
Commercial Real Estate 31.58
Commercial and Industrial Loans 10.08
Farm Loans 3.39

Frequently Asked Questions About Ameristate Bank

Branches and Savings

Is Ameristate Bank FDIC insured?

Yes. It is covered under FDIC Certificate #15510.

Why does Ameristate Bank pay such low interest on savings accounts?

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

Why are Ameristate Bank CD rates not competitive?

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

Is Ameristate Bank a commercial bank?

Yes

Where are Ameristate Bank locations?

See branch locations nearby.

Is Ameristate Bank open on Saturdays?

Is Ameristate Bank open on Sundays?

What time does Ameristate Bank open?

What time does Ameristate Bank close?

Are Ameristate Bank ATMs Open 24/7?

Do Ameristate Bank ATMs accept cash deposits?

Can Ameristate Bank customers use other ATMs?

Do Ameristate Bank branches have notaries?

Will Ameristate Bank notarize my document?

What address for Ameristate Bank should I put for incoming ACH transfers?

Will the Ameristate Bank branch print checks?

Do Ameristate Bank checks expire?

Does Ameristate Bank require US citizenship to open account?

Can Ameristate Bank close my account?

Does Ameristate Bank Report to credit bureaus?

Does Ameristate Bank Use Equifax?

What is Ameristate Bank's ACH Routing Number?

What is Ameristate Bank's SWIFT code?

Products

Does Ameristate Bank offer mortgages?

Compare mortgage rates here.

Does Ameristate Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Ameristate Bank offer personal loans?

Compare personal loan rates here.

Does Ameristate Bank offer student loans?

Will Ameristate Bank cash a check?

Will Ameristate Bank redeem a savings bond?

Does Ameristate Bank cash savings bonds?

Will Ameristate Bank cash money orders?

Can Ameristate Bank issue a money order?

Does Ameristate Bank do currency exchange?

Background on The Bank

Who owns Ameristate Bank?

How long has Ameristate Bank been around?

Can Ameristate Bank transfer to other banks?

Does Ameristate Bank have quick pay?

Does Ameristate Bank accept rolled coins?

Will Ameristate Bank accept loose change?

Where is Ameristate Bank headquarters?

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