American Savings Bank, Financial Information

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 Savings Bank is an independent, locally managed bank. American Savings Bank was organized January 21, 1899 under the original name of The German Savings Bank. On January 24, 1899, the new bank began business in a room in the Tripoli Mercantile block.

In August of 1965, American Savings Bank began business in the new building. In 1983, remodeling needed to be done to the building as business was growing rapidly, more room was needed for office space and lobby space was presenting a problem. In the remodeling project, 1600 square feet was added including more working area, storage space and also a drive-up window along with a night deposit drop.

In June of 1996, a new ATM terminal was installed in the vestibule of the bank for the convenience of customers and others. In addition, the second drive-up lane was added.

Total assets of American Savings Bank as of December 31, 2012 are $54,381,268 and capital is $9,254,947.

312 S. Main
Tripoli, IA 50676

Phone:
(319) 882-4279
(800) 853-4294
Fax: (319) 882-4271