Bank · FDIC insured
American State Bank
A $81.8M bank headquartered in Grygla, MN, with 2 branches in Minnesota. Best rates: CDs 3.80% and savings 2.02% APY.
American State Bank Carrot Score
80
Carrot Score
Higher than 51% of U.S. banks and credit unions
#9 of 15 in Grand Forks, ND-MN metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About American State Bank
- Headquarters
- 102 S Main Ave, Grygla, MN 56727
- FDIC certificate
- 22263 ↗
Branches
2 branches in Minnesota
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Minnesota
2 branches
Grygla area · 1
- American State Bank of GryglaMain office102 S Main Ave, Grygla, MN 56727Directions
Grand Forks area · 1
- Erskine Br201 Vance Ave S, Erskine, MN 56535Directions
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 | 10.83% | 12.77% | 16.04% or more |
| Troubled loansNoncurrent | 0.00% | 0.46% | 0.00% or less |
| ProfitabilityReturn on assets | 1.46% | 0.99% | 1.52% or more |
| LendingLoans per $100 deposited | $57 | $67 | — |
- CapitalLeverage ratio10.83%Peers’ middle 12.77% · Top 25% 16.04%+
- Troubled loansNoncurrent0.00%Peers’ middle 0.46% · Top 25% ≤0.00%
- ProfitabilityReturn on assets1.46%Peers’ middle 0.99% · Top 25% 1.52%+
- LendingLoans per $100 deposited$57Peers’ middle $67
Compared with the 546 banks with under $100 million 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 State Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.