American State Bank
Headquartered in Arp, TX. Part of Steele Bancshares, Inc. FDIC certificate #9967 · Federal Reserve RSSD 262358.
Total assets
$653M
Deposits
$551M
Q1 2026
Active branches
5
Closings since Jan 2020
5
5 openings since Jan 2020
Financial snapshot — Q1 2026
All quarters →Net income (quarter)
$-322K
Return on assets
-0.19%
Return on equity
-1.68%
Noncurrent loan rate
3.31%
Deposits by year (Summary of Deposits)
02019
02020
02021
12022
12023
12024
12025
Values in $ billions, June 30 of each year.
Closings by year
12021
12022
32023
Openings by year
12020
42022
Branches by state
Recent closings
- American State Bank — Plainview, TXbank exits city500 DALLAS STREET · closed September 29, 2023
- American State Bank — Lubbock, TXbank exits city4010 82ND ST · closed June 12, 2023
- American State Bank — Amarillo, TXbank exits city801 S FILLMORE ST · closed April 14, 2023
- 907 EAST SOUTHEAST LOOP 323 · closed June 13, 2022
- American State Bank — Joaquin, TXbank exits city120 N. PRESTON · closed September 10, 2021
All figures transcribed from FDIC BankFind Suite records: structure-change history, quarterly financial reports and the annual Summary of Deposits · bank site: www.asb.com.