Atwater State Bank


222 Atlantic Avenue
Atwater, MN 56209
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Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.75% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.10% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Atwater State Bank is an FDIC insured institution located in Atwater, MN. It was founded in 1932 and has approximately $0.05 billion in assets.

FDIC Insured Yes
FDIC Certificate # 1396
Date Established 1932
Assets $ 45.13 million
Loans $ 31.27 million
Deposits $ 39.85 million
Capital $ 3.97 million

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

Deposit Rates - October 18, 2021

Your Current Location: Connecticut, CT 06828


Loan Rates - October 18, 2021

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Atwater State Bank

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

Featured - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
NMLS ID: 1907
2.903% 2.750%
1.00 points
$5,000 fees
$1,021 Learn More
Flagstar Bank, FSB
NMLS ID: 417490
3.290% 3.250%
0.50 points
$1,268 fees
$1,089 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to Atwater State Bank
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Financial Details

Atwater State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Atwater State Bank. The data is provided by the FDIC. All banks listed on are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Atwater State Bank U.S. Bank Average
10.75% 4.78%

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, 2021, Atwater State Bank had $468,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $3,969,000 in equity and $385,000 in loans loss reserves. That gives it a Texas Ratio of 10.75%.

Return on Equity
Atwater State Bank U.S. Bank Average
7.43% 11.29%

Atwater State Bank has a Return on Equity of 7.43% versus the BestCashCow average of 11.29%. 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.

Atwater State Bank U.S. Bank Average
8.79% 11.72%

Atwater State Bank has a Capitalization of 8.79% versus the BestCashCow average of 11.72. 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.

Atwater State Bank Balance Sheet Analysis

As of December 31, 2012, Atwater State Bank had assets of $45,132,000, loans of $31,268,000, and deposits of $39,854,000. 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, 2021
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 31.27 million
Loan loss allowance $ 0.39 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 N.A.
     Total Assets N.A.
Total deposits $ 39.85 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 45.13 million

Summary Income Statement

June 30, 2021
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Atwater State Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Farm Loans.

Compared to other banks, Atwater State 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 26.95
Credit Card Loans 0.00
Consumer Auto Loans 2.44
Small Business Loans 3.19
Construction and Development Loans 0.91
Commercial Real Estate 3.19
Commercial and Industrial Loans 20.23
Farm Loans 18.12

Frequently Asked Questions About Atwater State Bank

Branches and Savings

Is Atwater State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #1396.

Why does Atwater State Bank pay such low interest on savings accounts?

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

Why are Atwater State Bank CD rates not competitive?

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

Is Atwater State Bank a commercial bank?


Where are Atwater State Bank locations?

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Is Atwater State Bank open on Saturdays?

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Does Atwater State Bank require US citizenship to open account?

Can Atwater State Bank close my account?

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Does Atwater State Bank Use Equifax?

What is Atwater State Bank's ACH Routing Number?

What is Atwater State Bank's SWIFT code?


Does Atwater State Bank offer mortgages?

Compare mortgage rates here.

Does Atwater State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Atwater State Bank offer personal loans?

Compare personal loan rates here.

Does Atwater State Bank offer student loans?

Will Atwater State Bank cash a check?

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Background on The Bank

Who owns Atwater State Bank?

How long has Atwater State Bank been around?

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Will Atwater State Bank accept loose change?

Where is Atwater State Bank headquarters?

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