Bank of Wedowee

Headquarters

112 West Broad Street
Wedowee, AL 36278
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 1.05% →
1-Year CD N.A. 0.95% →
2-Year CD N.A. 1.05% →
5-Year CD N.A. 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

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.

FDIC Insured Yes
FDIC Certificate # 5608
Date Established 1906
Assets $ 132.43 million
Loans $ 67.14 million
Deposits $ 110.13 million
Capital $ 15.09 million
 

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.

Deposit Rates - September 27, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - September 27, 2020

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.815% 2.750% 0.88 $2,102 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to Bank of Wedowee
To upload and update your bank's rates please register. It is free to register and add rates.

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:
Fairfield,Connecticut


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% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 March 31, 2020, 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% 7.80%

Bank of Wedowee has a Return on Equity of 8.77% versus the BestCashCow average of 7.80%. 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% 12.68%

Bank of Wedowee has a Capitalization of 11.4% versus the BestCashCow average of 12.68. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 67.14 million
Loan loss allowance $ 0.64 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.11 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 110.13 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 132.43 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

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

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?

Customer Reviews for Bank of Wedowee

There are currently no comments for Bank of Wedowee. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →