Bank of Wedowee

112 West Broad Street
Wedowee, AL 36278

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 5608
Date Established 1906
Assets $0.13 billion
Loans $0.07 billion
Deposits $0.11 billion
Capital $0.02 billion

Bank of Wedowee is an FDIC insured institution located in Wedowee, AL. It was founded in 1906 and has approximately $0.13 billion in assets.

For a more detailed analysis of Bank of Wedowee's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in Bank of Wedowee’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Alabama, Bank of Wedowee has a significantly higher percent of 1-4 Family Residential Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 43.58
Multifamily
Mortgages
3.57
Credit Card Loans 0.00
Consumer Auto Loans 3.26
Small Business Loans 0.00
Construction and Development Loans 11.59
Commercial Real Estate 20.36
Commercial and Industrial Loans 8.61
Farm Loans 1.27

Deposit Rates - June 20, 2019

Your Current Location: Washington, WA 98109

There are currently no rates available for Bank Of Wedowee, but see these great savings and CD rates:

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Loan Rates - June 20, 2019

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Bank of Wedowee

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
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5.500 %
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Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
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Figure Home Equity Line
Figure Home Equity Line
5.490 %
N/A Learn More
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Branches

Bank of Wedowee branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
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Bank of Wedowee Locations


Financial Details

Bank of Wedowee Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Wedowee. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of Wedowee U.S. Bank Average
2.76% 6.97%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of December 31, 2018, Bank of Wedowee had $326,000 in non-current loans and $108,000 in owned real estate. To cover these potential losses it had $15,093,000 in equity and $636,000 in loans loss reserves. That gives it a Texas Ratio of 2.76%.

Return on Equity
Bank of Wedowee U.S. Bank Average
8.77% 8.80%

Bank of Wedowee has a Return on Equity of 8.77% versus the BestCashCow average of 8.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bank of Wedowee U.S. Bank Average
11.4% 12.29%

Bank of Wedowee has a Capitalization of 11.4% versus the BestCashCow average of 12.29. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of Wedowee Balance Sheet Analysis

As of September 30, 2017, Bank of Wedowee had assets of $127,924,000, loans of $67,139,000, and deposits of $110,126,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $0.00 billion
Interest-bearing balances $0.00 billion
Total securities $0.00 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.07 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.00 billion
LIABILITIES
Total deposits $0.11 billion
      Interest-bearing deposits $0.00 billion
      Deposits held in domestic offices $0.00 billion
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.00 billion
      Shareholders’ Equity $0.13 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About Bank Of Wedowee

Branches and Savings

Is Bank Of Wedowee FDIC insured?

Yes. It is covered under FDIC Certificate #5608.

Why does Bank Of Wedowee pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bank Of Wedowee CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bank Of Wedowee a commercial bank?

Yes

Where are Bank Of Wedowee locations?

See branch locations nearby.

Is Bank Of Wedowee open on Saturdays?

Is Bank Of Wedowee open on Sundays?

What time does Bank Of Wedowee open?

What time does Bank Of Wedowee close?

Are Bank Of Wedowee ATMs Open 24/7?

Do Bank Of Wedowee ATMs accept cash deposits?

Can Bank Of Wedowee customers use other ATMs?

Do Bank Of Wedowee branches have notaries?

Will Bank Of Wedowee notarize my document?

What address for Bank Of Wedowee should I put for incoming ACH transfers?

Will the Bank Of Wedowee branch print checks?

Do Bank Of Wedowee checks expire?

Does Bank Of Wedowee require US citizenship to open account?

Can Bank Of Wedowee close my account?

Does Bank Of Wedowee Report to credit bureaus?

Does Bank Of Wedowee Use Equifax?

What is Bank Of Wedowee's ACH Routing Number?

What is Bank Of Wedowee's SWIFT code?

Products

Does Bank Of Wedowee offer mortgages?

Compare mortgage rates here.

Does Bank Of Wedowee offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank Of Wedowee offer personal loans?

Compare personal loan rates here.

Does Bank Of Wedowee offer student loans?

Will Bank Of Wedowee cash a check?

Will Bank Of Wedowee redeem a savings bond?

Does Bank Of Wedowee cash savings bonds?

Will Bank Of Wedowee cash money orders?

Can Bank Of Wedowee issue a money order?

Does Bank Of Wedowee do currency exchange?

Background on The Bank

Who owns Bank Of Wedowee?

How long has Bank Of Wedowee been around?

Can Bank Of Wedowee transfer to other banks?

Does Bank Of Wedowee have quick pay?

Does Bank Of Wedowee accept rolled coins?

Will Bank Of Wedowee accept loose change?

Where is Bank Of Wedowee headquarters?

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