Avon State Bank, Financial Information

AboutAvon State Bank

 Address:
104 Avon Ave North
Avon,MN
Stearns County,Minnesota
 Established:
Jul 1907
 Number of domestic offices:
1
Total assets$111M
Net income$1M
Net income,quarterly$0M
Total deposits$97M
Domestic deposits$97M
Equity capital$13M
ROA0.52%
ROAQ,quarterly1.26%
ROA,pretax1.26%
ROAQ,quarterly,pretax1.26%
ROE4.24%
ROEQ,quarterly10.4%
UpdatedApr 11, 2013

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 Avon State Bank has stood the test of time since 1907. Avon State Bank was chartered and incorporated July 1, 1907 with initial capital of $12,000 by three directors (C. Borgerding, Pres of Belgrade, Henry Borgerding of Melrose, and C.C. Schoener of Melrose).

In 1979 Avon Bancshares, Inc. (a one bank holding company) was formed which then became the major stockholder of Avon State Bank. As many as 20 other individuals owned shares in Avon State Bank until December 1998 when Avon Bancshares, Inc. owned 100% of Avon State Bank. Employees are the major shareholder of Avon Bancshares, Inc. through the Avon State Bank Employee Stock Ownership Plan & Trust (ESOP).

Th The Avon State Bank offers Certificates of Deposit, Checking Accounts, Savings Plans, Loans, Credit Cards, Debit / Check Cards, Insurance, IRAs & Retirement Plans, Safe Deposit Boxes, Other Services.

Avon State Bank
104 Avon Avenue North
P.O. Box 8
Avon, MN 56310-0008

Phone: (320) 356-7334
Toll free: 1-800-365-7334
Fax: (320) 356-7328