Bank of American Fork

33 East Main Street
American Fork, UT 84003
(800) 815-2265
www.bankaf.com

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Bank of American Fork is headquartered in American Fork and is the 17^st largest bank in the state of Utah. It is also the 731^st largest bank in the nation. It was established in 1913 and as of March of 2012, it had grown to 246 employees at 13 locations. Bank of American Fork has a 5-star health rating.

2.30% 17-Month CD at Bank of American Fork in Utah - Local Only - 9/6/2009

Bank of American Fork has two CD specials. The most competitive one is a 2.30% APY 17-month CD. The other one has 2.50% APY for a 35-month term. Minimum deposit is $5,000, and a checking account is required. These specials are listed in the bank's CD...

New High-Yield Online Savings Account at Bank of American Fork - Nationally Available - 5/11/2009

Update 9/05/09: Rate for balances of $1K to $250K has fallen from 1.75% to 1.60% APY. Over $250K, the rate has fallen from 1.80% to 1.70% APY.Bank of American Fork has started an online savings account called SaveSmart Direct. The rates are fairly...

3.60% Reward Checking Account at Bank of American Fork in Utah - 11/2/2008

Update 2/22/09: The top rate has fallen to 3.60% APY.Bank of American Fork is offering a reward checking account called MyRate Checking. It pays 3.60% APY on balances up to $25,000 (1.01% for above) and provides unlimited nationwide refunds of ATM fees...

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See Rates for: Checking | Savings | Money Market | CD

Bank of American Fork Checking Account Rates

Apy	Min	Max	Product
2.10%	-	$25k	MyRate Checking
0.12%	$100k	-	CheckSmart Platinum
0.12%	$250k	-	BizSmart Interest

Bank of American Fork Savings Account Rates

Apy	Min	Max	Product
0.60%	$250k	-	SaveSmart Direct
0.60%	-	$1k	KidSmart Savings
0.40%	-	-	IRA Variable
0.40%	-	-	Roth IRA Variable
0.35%	$250k	-	SaveSmart Business
0.10%	$100	-	Statement Savings

Bank of American Fork Money Market Rates

Apy	Min	Max	Product
0.30%	$250k	-	CheckSmart Money Market
0.30%	$250k	-	BizSmart Money Market

Bank of American Fork CD Rates

Apy	Min	Max	Product
1.75%	$500	-	72 Month CD
1.40%	$500	-	60 Month CD
1.00%	$500	-	48 Month CD
0.90%	$5k	-	35 Month CD Special
0.80%	$500	-	36 Month CD
0.50%	$500	-	24 Month CD
0.50%	$5k	-	17 Month CD Special
0.40%	$500	-	18 Month CD
0.30%	$500	-	12 Month CD
0.20%	$500	-	6 Month CD
0.10%	$500	-	3 Month CD

Rates updated: 5/27/2012

Data for Q1 2012

Institution Statistics

Bank of American Fork
FDIC Certificate #	12773
BankRate Report	View
Year Established	1913
Employees	246
Primary Regulator	FDIC
Assets and Liabilities
Assets	$907.01 million
Loans	$598.06 million
Deposits	$794.07 million
Equity Capital	$107.55 million
Loan Loss Allowance	$15.21 million
Unbacked Noncurrent Loans	$28.09 million
Real Estate Owned	$7.26 million
Historic Data - March 2011
Assets	$844.04 million
Equity Capital	$99.54 million
Loan Loss Allowance	$19.11 million
Unbacked Noncurrent Loans	$45.59 million
Real Estate Owned	$15.46 million
Profit Margin - Quarterly
Net Interest Margin	4.58%
Return on Assets	1.06%
Return on Equity	8.99%
Interest Income	$10.54 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Bank of American Fork had $35.35 million in non-current loans and owned real-estate with $122.76 million in equity and loan loss allowances on hand to cover it. This gives Bank of American Fork a Texas Ratio of 28.80% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Bank of American Fork decreased significantly from 50.66% as of March 31, 2011 to 28.80% as of March 31, 2012, resulting in a positive change of 43.16%.This indicates that the balance sheet and financial strength for Bank of American Fork has improved significantly in recent periods.
Deposit Growth
In the past year, Bank of American Fork has increased its total deposits by $53.62 million, resulting in 7.24% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank of American Fork has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank of American Fork has $907 million in assets with $122.76 million in equity, resulting in a capitalization level of 13.53%, which is excellent.