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American Bank, Financial Information

AboutAmerican Bank

 Address:
234 Fifth Avenue S.W.
Le Mars,IA
Plymouth County,Iowa
 Established:
Jan 1887
 Number of domestic offices:
2
Agriculture bank
Total assets$400M
Net income$7M
Net income,quarterly$2M
Total deposits$314M
Domestic deposits$314M
Equity capital$40M
ROA1.76%
ROAQ,quarterly1.64%
ROA,pretax1.64%
ROAQ,quarterly,pretax1.72%
ROE17.13%
ROEQ,quarterly16.49%
UpdatedMay 20, 2021

Terms and Definitions

  • Domestic deposits
    The sum of all domestic deposits, including demand deposits, money market deposits and time deposits.
  • Equity capital
    Total equity capital (includes preferred and common stock, surplus and undivided profits).
  • ROA
    Return on assets, net income after taxes and extraordinary items (annualized) as a percent of average total assets.
  • ROE
    Return on equity, annualized net income as a percent of average equity on a consolidated basis.

American Bank is a leading lender in agriculture. The bank provides quality loan products with excellent service.

American Bank partners with Iowa Student Loan to offer federal student loans. American Bank provides the funding for Federal Family Education Loan Program (FFELP) loans and Iowa Student Loan, which is an expert in the student loan field, provides all of the servicing work.

American Bank is an approved lender with the Iowa College Student Aid Commission, which is the designated guarantor for the state of Iowa. The Iowa College Student Aid Commission provides regulatory guidance and as our guarantor, insures any federally guaranteed loans that American Bank issues.

Le Mars
234 5th Avenue SW
P.O. Box 310
Le Mars, IA 51031
Main Office: 712-546-2345
Fax: 712-546-2348

Remsen
400 W Hwy 3
P.O. Box 559
Remsen, IA 51050
Main Office: 712-786-1153
Fax: 712-786-1159

Historical Data