Ashton State Bank

Our records indicate that this bank has been acquired by Cornerstone Bank.

Headquarters

295 Center Ave
Ashton, NE 68817
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 5.25% →
2-Year CD N.A. 4.40% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Ashton State Bank is an FDIC insured institution located in Ashton, NE. It was founded in 1908 and has approximately $0.02 billion in assets.

FDIC Insured Yes
FDIC Certificate # 1436
Date Established 1908
Assets $ 19.52 million
Loans $ 11.48 million
Deposits $ 17.16 million
Capital $ 1.69 million
 

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

Deposit Rates - October 16, 2024

Your Current Location: Virginia, VA 20146


Loan Rates - October 16, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Ashton State 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 2024

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Payment
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Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.582% 6.490%
0.75 points
$3,084 fees
$2,021 Learn More
Rocket Mortgage
NMLS ID: 3030
6.847% 6.750%
1.00 points
$3,200 fees
$2,076 Learn More
Rate
NMLS ID: 2611

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fees
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FHAloans.com
NMLS ID: Not a Lender

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Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR 7.490 %
After Intro: 7.490 %
$0 Learn More
More Info

Note to Ashton State Bank
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Branches

Ashton State 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


Ashton State Bank Locations around zip code 20146


BranchDistance Map View Lobby Hours

Ashton State Bank

1139.29 A View Lobby Hours


Climate Policy and Initiatives

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Financial Details

Ashton State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Ashton State 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
Ashton State Bank U.S. Bank Average
66.88% 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, Ashton State Bank had $1,381,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $1,690,000 in equity and $375,000 in loans loss reserves. That gives it a Texas Ratio of 66.88%.

Return on Equity
Ashton State Bank U.S. Bank Average
-7.75% 10.46%

Ashton State Bank has a Return on Equity of -7.75% 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
Ashton State Bank U.S. Bank Average
8.66% 10.84%

Ashton State Bank has a Capitalization of 8.66% 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.

Ashton State Bank Balance Sheet Analysis

As of June 30, 2022, Ashton State Bank had assets of $18,972,000, loans of $11,479,000, and deposits of $17,158,000. 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 $ 3.33 million
Interest-bearing balances $ 3.13 million
Total securities $ 3.60 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 11.48 million
Loan loss allowance $ 0.38 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 $ 0.40 million
     Total Assets $ 17.28 million
LIABILITIES
Total deposits $ 17.16 million
      Interest-bearing deposits $ 13.34 million
      Deposits held in domestic offices $ 17.16 million
      % insured (estimated) 91.92%
Federal funds purchased and repurchase agreements $ 0.10 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.09 million
      Total Liabilities $ 17.28 million
      Shareholders’ Equity $ 2.24 million

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income $ 0.54 million
Total Interest Expense $ 0.06 million
Net interest income $ 0.48 million
Provision for loan and lease losses $ 0.01 million
Total non interest income $ 0.13 million
Total non interest expense $ 0.55 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Ashton State Bank’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and Consumer Auto Loans.

Compared to other banks in Nebraska, Ashton State Bank 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 0.30
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.83
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 1.94
Farm Loans 37.76

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