Bank · FDIC insured
American Bank
A $366.6M bank headquartered in Covington, LA, with 5 branches in Louisiana.
Rates
No Carrot Score yet: it needs scores for at least two of CDs, savings, auto loans and credit cards. CDs: rates are not published online. Savings: not enough terms or balances published to score. Auto loans: no rates found on its website. Credit cards: no rates found on its website.
- Savings—4.44%Savings rates →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About American Bank
Headquartered in Covington, Louisiana, American Bank was chartered by the State of Louisiana in 1964.
The bank serves the Louisiana parishes of Red River, St Tammany, Tangipahoa, and Jefferson.
American Bank specializes in SBA lending, ranking as Louisiana's top SBA lender by loan volume and number for fiscal year 2023.
- Headquarters
- 1819 N Columbia St, Covington, LA 70433
- FDIC certificate
- 19234 ↗
Branches
5 branches in Louisiana
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Louisiana
5 branches
Covington area · 1
- American BankMain office1819 N Columbia St, Covington, LA 70433Directions
Coushatta area · 1
- Coushatta Branch1625 Ringgold Ave, Coushatta, LA 71019Directions
Hammond area · 1
- Hammond Branch506 Sw Railroad Ave, Hammond, LA 70403Directions
Mandeville area · 1
- Mandeville Branch406 N Causeway Blvd, Mandeville, LA 70448Directions
Terrytown area · 1
- American Bank And Trust Company, Inc., Terrytown Branch2021 Carol Sue Ave, Terrytown, LA 70056Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 10.08% | 10.98% | 13.00% or more |
| Troubled loansNoncurrent | 5.04% | 0.42% | 0.09% or less |
| ProfitabilityReturn on assets | 0.63% | 1.24% | 1.68% or more |
| LendingLoans per $100 deposited | $77 | $81 | — |
- CapitalLeverage ratio10.08%Peers’ middle 10.98% · Top 25% 13.00%+
- Troubled loansNoncurrent5.04%Peers’ middle 0.42% · Top 25% ≤0.09%
- ProfitabilityReturn on assets0.63%Peers’ middle 1.24% · Top 25% 1.68%+
- LendingLoans per $100 deposited$77Peers’ middle $81
Compared with the 2,650 banks with $100 million to $1 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of American Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.