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American State Bank (TX)


Overview / Commentary
www.asb.com
903-859-1100
102 W Front
Arp, TX 75750

American State Bank (TX) is headquartered in ARP and is the 100th largest bank in the state of Texas. It is also the 1,098th largest bank in the nation. It was established in 1911 and as of June of 2024, it had grown to 124 employees at 13 locations. American State Bank (TX)'s money market rates are 7X the national average, and it has a C+ health rating.

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Health
C+

Data as of Q2 2024

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Health Grade Components

Overall
FDIC Certificate #9967
Year Established1911
Employees124
Primary RegulatorFED
Profit Margin
Return on Assets - YTD-0.58%
Return on Equity - YTD-6.86%
Annual Interest Income$25.5MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$917.7MM$1.02B
LoansQ2 2024vs Q2 2023$689.7MM$800.3MM
DepositsQ2 2024vs Q2 2023$797.9MM$907.9MM
Equity CapitalQ2 2024vs Q2 2023$77.8MM$79.6MM
Loan Loss AllowanceQ2 2024vs Q2 2023$9.2MM$10.3MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$5.4MM$14.6MM
Real Estate OwnedQ2 2024vs Q2 2023$8.1MM$4.9MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not American State Bank (TX); we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

American State Bank (TX) Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.00%$100-American Select Savings
0.05%$100-Savings Account
0.05%$25-Young Savers Account

American State Bank (TX) Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.00%*$500k*-Pinnacle Money Market Account
OTHER TIERS: 0.10% → $0 - $10k | 0.50% → $10k - $100k | 1.25% → $100k - $250k | 1.75% → $250k - $500k
3.00%*$500k*-Business Pinnacle Money Market Account
OTHER TIERS: 0.10% → $0 - $10k | 0.50% → $10k - $100k | 1.25% → $100k - $250k | 1.75% → $250k - $500k

American State Bank (TX) Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%$0$10kiChecking (20 or more transactions)
1.50%$0$10kiChecking (7 to 19 transactions)
0.05%$1k-Platinum Checking
0.05%$0-Business NOW Checking
0.05%$0$10kiChecking (less than 7 transactions)

American State Bank (TX) CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.53%$100k-7 Month Jumbo CD Special
3.81%$100k-6 Month Jumbo CD
3.71%$100k-12 Month Jumbo CD
3.55%$100k-3 Month Jumbo CD
3.40%$1k-3 Month CD
3.19%$100k-60 Month Jumbo CD
3.18%$100k-18 Month Jumbo CD
3.02%$100k-24 Month Jumbo CD
3.00%$1k-12 Month CD
2.85%$1k-18 Month CD
2.78%$1k-24 Month CD
2.54%$100k-36 Month Jumbo CD
2.50%$1k-6 Month CD
2.37%$1k-36 Month CD
2.03%$1k-60 Month CD
2.02%$100k-48 Month Jumbo CD
1.92%$1k-48 Month CD

American State Bank (TX) IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.81%$100k-6 Month Jumbo IRA
3.71%$100k-12 Month Jumbo IRA
3.55%$100k-3 Month Jumbo IRA
3.40%$1k-3 Month IRA
3.19%$100k-60 Month Jumbo IRA
3.18%$100k-18 Month Jumbo IRA
3.02%$100k-24 Month Jumbo IRA
3.00%$1k-12 Month IRA
2.85%$1k-18 Month IRA
2.78%$1k-24 Month IRA
2.54%$100k-36 Month Jumbo IRA
2.50%$1k-6 Month IRA
2.37%$1k-36 Month IRA
2.03%$1k-60 Month IRA
2.02%$100k-48 Month Jumbo IRA
1.92%$1k-48 Month IRA
Locations

Availability



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