First State Bank of Ashby

Headquarters

110 Main Street
Ashby, MN 56309
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.80% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

First State Bank of Ashby is an FDIC insured institution located in Ashby, MN. It was founded in 1900 and has approximately $0.04 billion in assets.

FDIC Insured Yes
FDIC Certificate # 8196
Date Established 1900
Assets $ 35.52 million
Loans $ 22.46 million
Deposits $ 31.61 million
Capital $ 4.53 million
 

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

Deposit Rates - September 23, 2021

Your Current Location: California, CA 92111

 

Loan Rates - September 23, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for First State Bank of Ashby

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




Featured - California 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.359% 3.250%
0.88 points
$3,438 fees
$1,089 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
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Third Federal Savings and Loan
Third Federal Savings and Loan
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2.240 %
$0 Learn More
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Note to First State Bank of Ashby
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Branches

First State Bank of Ashby 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:
San Diego,California


First State Bank of Ashby Locations


Financial Details

First State Bank of Ashby Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First State Bank of Ashby. 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
First State Bank of Ashby U.S. Bank Average
9.31% 5.29%

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, 2021, First State Bank of Ashby had $428,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $4,531,000 in equity and $66,000 in loans loss reserves. That gives it a Texas Ratio of 9.31%.

Return on Equity
First State Bank of Ashby U.S. Bank Average
9.11% 11.43%

First State Bank of Ashby has a Return on Equity of 9.11% versus the BestCashCow average of 11.43%. 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
First State Bank of Ashby U.S. Bank Average
12.76% 11.51%

First State Bank of Ashby has a Capitalization of 12.76% versus the BestCashCow average of 11.51. 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.

First State Bank of Ashby Balance Sheet Analysis

As of September 30, 2019, First State Bank of Ashby had assets of $36,249,000, loans of $22,462,000, and deposits of $31,607,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions $ 5.94 million
Interest-bearing balances $ 5.60 million
Total securities $ 2.31 million
Federal funds sold and reverse repurchase $ 2.75 million
Net loans and leases $ 22.46 million
Loan loss allowance $ 0.07 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 1.86 million
All other assets $ 0.54 million
     Total Assets $ 31.72 million
LIABILITIES
Total deposits $ 31.61 million
      Interest-bearing deposits $ 25.92 million
      Deposits held in domestic offices $ 31.61 million
      % insured (estimated) 89.15%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 0.03 million
Subordinated debt N.A.
All other liabilities $ 0.08 million
      Total Liabilities $ 31.72 million
      Shareholders’ Equity $ 3.80 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 1.14 million
Total Interest Expense $ 0.15 million
Net interest income $ 0.99 million
Provision for loan and lease losses $ 0.05 million
Total non interest income $ 0.08 million
Total non interest expense $ 0.72 million
Pre-tax Net Operating Income $ 0.31 million

Bank Loan Profile?

The top three loan types in First State Bank of Ashby’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Minnesota, First State Bank of Ashby has a significantly higher percent of Consumer Auto 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 33.59
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 6.00
Small Business Loans 0.00
Construction and Development Loans 4.49
Commercial Real Estate 8.41
Commercial and Industrial Loans 14.76
Farm Loans 7.02

Frequently Asked Questions About First State Bank Of Ashby

Branches and Savings

Is First State Bank Of Ashby FDIC insured?

Yes. It is covered under FDIC Certificate #8196.

Why does First State Bank Of Ashby pay such low interest on savings accounts?

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

Why are First State Bank Of Ashby CD rates not competitive?

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

Is First State Bank Of Ashby a commercial bank?

Yes

Where are First State Bank Of Ashby locations?

See branch locations nearby.

Is First State Bank Of Ashby open on Saturdays?

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What time does First State Bank Of Ashby open?

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Are First State Bank Of Ashby ATMs Open 24/7?

Do First State Bank Of Ashby ATMs accept cash deposits?

Can First State Bank Of Ashby customers use other ATMs?

Do First State Bank Of Ashby branches have notaries?

Will First State Bank Of Ashby notarize my document?

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Will the First State Bank Of Ashby branch print checks?

Do First State Bank Of Ashby checks expire?

Does First State Bank Of Ashby require US citizenship to open account?

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Does First State Bank Of Ashby Report to credit bureaus?

Does First State Bank Of Ashby Use Equifax?

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Products

Does First State Bank Of Ashby offer mortgages?

Compare mortgage rates here.

Does First State Bank Of Ashby offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First State Bank Of Ashby offer personal loans?

Compare personal loan rates here.

Does First State Bank Of Ashby offer student loans?

Will First State Bank Of Ashby cash a check?

Will First State Bank Of Ashby redeem a savings bond?

Does First State Bank Of Ashby cash savings bonds?

Will First State Bank Of Ashby cash money orders?

Can First State Bank Of Ashby issue a money order?

Does First State Bank Of Ashby do currency exchange?

Background on The Bank

Who owns First State Bank Of Ashby?

How long has First State Bank Of Ashby been around?

Can First State Bank Of Ashby transfer to other banks?

Does First State Bank Of Ashby have quick pay?

Does First State Bank Of Ashby accept rolled coins?

Will First State Bank Of Ashby accept loose change?

Where is First State Bank Of Ashby headquarters?

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