Bank of Wedowee

Headquarters

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

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.67% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.25% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 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 - November 29, 2021

Your Current Location: Washington, WA 98109

 

Loan Rates - November 29, 2021

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 30 Year Fixed Mortgage Rates 2021

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Payment
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3.051% 2.975%
1.00 points
$2,432 fees
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Featured - Washington Home Equity Line Of Credit Rates 2021

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Note to Bank of Wedowee
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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:
Seattle,Washington


Bank of Wedowee Locations



Climate Initiatives

Bank of Wedowee is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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% 4.78%

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 June 30, 2021, 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% 11.29%

Bank of Wedowee has a Return on Equity of 8.77% versus the BestCashCow average of 11.29%. 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% 11.72%

Bank of Wedowee has a Capitalization of 11.4% versus the BestCashCow average of 11.72. 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

June 30, 2021
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

June 30, 2021
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

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