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American Exchange Bank, Financial Information

AboutAmerican Exchange Bank

 Address:
151 North 4th Street
Elmwood,NE
Cass County,Nebraska
 Established:
Jul 1889
 Number of domestic offices:
2
Agriculture bank
Total assets$55M
Net income$1M
Net income,quarterly$0M
Total deposits$48M
Domestic deposits$48M
Equity capital$6M
ROA1.13%
ROAQ,quarterly-1.02%
ROA,pretax-1.02%
ROAQ,quarterly,pretax-1.02%
ROE10.32%
ROEQ,quarterly-9.45%
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.

The American Exchange Bank was incorporated July 13, 1889 and bank business began on September 9, 1889. The bank first used an existing building near the corner of the intersecting county roads in Elmwood. Around 1892 the bank moved into an adjacent building on the corner of the intersecting county roads. This new building was 60 ft by 28 ft by 24 ft and had brick walls 14 inches thick. The vault in the building was 14 ft by 14 ft by 12 ft. The building cost was $4,911.89.

The trade territory for the American Exchange Bank is all of Cass County, Nebraska. Loans can be made for agricultural, automotive, business, residential and personal purposes. Agricultural loans are made to purchase land, machinery, livestock and for operating expenses. Loans for car purchases should be discussed before the vehicle is purchased.

Main Bank
151 N 4th Street,
Elmwood, NE 68349
(402) 994-4000

Eagle Branch
440 D Street
Eagle, NE 68347
(402) 781-2229

Historical Data