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American State Bank Holding Company, Inc. reported another successful year of growth and performance during its recent Annual Shareholders Meeting. President and Chief Executive Officer, David Hanson, announced that the company exceeded the strong results achieved in 2024, reporting year-end total assets of more than $647,000,000.
The Holding Company’s wholly owned subsidiary, American State Bank & Trust Company (ASB), continued its historical practice of achieving strong growth and performance on an annual basis. Overall, the Bank’s commitment to capital strength continues with strong capital levels that are all well in excess of regulatory minimums. Hanson was pleased to report that the Bank continued its dominant market share position in 2025. In addition, the Bank’s total loan portfolio remains well diversified in the consumer, commercial, agricultural, and residential real estate sectors.
“Our year-end results reflect disciplined growth, strong business and community relationships, and the dedication of our team,” said Hanson.
Among those in attendance at the meeting were Tamara M. Davidson-Sogard and Thomas M. Davidson, Jr., representing the third generation, and Thomas Sogard, representing the fourth generation, of the Davidson Family’s 120-year ownership of ASB. During the meeting, the shareholders elected the following Directors to the ASB Board: Tamara Davidson Sogard, Patrick O. Sogard, Thomas M. Davidson, Jr., Laurie Furuseth, Rick Tofte, Ryan Geltel, Rick Braaten, Troy Bratcher, and David Hanson.
Also at the meeting, long-time Director Earl Rennerfeldt retired from the Board and was thanked for his 28 years of service. Rennerfeldt, a retired farmer and former District 1 Representative to the North Dakota Legislature, served on the Board of Directors since 1997. In honor of his service, the Board of Directors named Rennerfeldt as Director Emeritus.
Employee Promotions Announced
In recognition of outstanding performance and leadership, ASB announced six internal promotions:
- Asia Stair, promoted to Electronic Banking Specialist II
- Rachel Roloff, promoted to Trust Officer
- Molly Reinhardt, promoted to Internal Audit and Loan Review Officer
- Thomas Sogard, promoted to Loan Review and Board Officer
- Danielle Stauffer, promoted to Assistant Agricultural Loan Officer
- Jeff Dornfeld, promoted to Assistant Commercial Loan Officer
Hanson said, “These promotions reflect our belief in developing talent from within and rewarding excellence. Our staff continues to focus on making our community better through the delivery of creative and secure financial services,” he said, “The relationships we’ve built with customers, and the community continue to be our strength as a Community Bank.”
“As part of our core business practices, we’re happy to support community projects, organizations and agencies through monetary contributions and employee participation.”
Among the many entities that received contributions and employee participation from ASB in 2025 were: CHI St. Alexius Williston Medical Foundation, Williston State College and Foundation, Western Star Literacy Center, Eckert Youth Homes, Coyote Foundation, Entertainment, Inc!, Williston Korner Lions, Great Plains Food Bank, Williston School District 7, Williams County 4-H, Trinity Christian School, St Joseph’s Catholic Church, Basin United Way, Salvation Army, Upper Missouri Ministries, Relay For Life, Williston Regional Economic Development Corporation, Band Day Festival, Williston Area Chamber of Commerce, Williston Downtowners Association, Williston Parks & Recreation, and Region 1 Senior Services. ASB is especially proud of the work started at the end of 2025 that resulted in the 2026 commitment of $500,000 to the “A New Place to Call Home” capital campaign of the Bethel Lutheran Nursing and Rehabilitation Center.
ASB’s Employee Directed Donation program, in its 16th year, contributed nearly $8,000 to 22 community organizations. Since its inception, the employee directed donation program has directed approximately $283,000 to local charitable organizations on behalf of ASB’s individual employees.