Bank of Westminster

306 East Windsor Street
Westminster, SC 29693

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 15204
Date Established 1935
Assets $0.03 billion
Loans $0.01 billion
Deposits $0.03 billion
Capital $0.00 billion

Bank of Westminster is an FDIC insured institution located in Westminster, SC. It was founded in 1935 and has approximately $0.03 billion in assets.

For a more detailed analysis of Bank of Westminster'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 Westminster’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks, Bank of Westminster’s loan portfolio does not show any specific loan specialty.

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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

Savings Rates

Your Current Location: Virginia, VA 20146

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


Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Westminster

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

Featured - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Cornerstone Home Lending
NMLS ID: 119622
License#: MC-4673
4.000% 4.000% 0.00 $0 $1,194 Learn More
PenFed Credit Union
NMLS ID: 401822
3.957% 3.875% 0.00 $2,500 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2017

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.240% $217.33 Learn More

Note to Bank of Westminster
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Branches

Bank of Westminster 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:
Ashburn,Virginia


Bank Of Westminster Locations

Financial Details

Bank of Westminster Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Westminster. 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 Westminster U.S. Bank Average
72.39% 8.45

The Texas Ratio compares the amount of loans at risk and the amount of owned real estate with the amount a bank has on hand to cover any losses. As of June 30, 2017, Bank of Westminster had $1,916,000 in non-current loans and $53,000 in owned real estate. To cover these potential losses it had $1,871,000 in equity and $849,000 in loans loss reserves. That gives it a Texas Ratio of 72.39%. The closer the Texas Ratio is to 100% and over, the less capital and reserves a bank has to absorb its loan losses.

Return on Equity
Bank of Westminster U.S. Bank Average
-80.95% 8.58

Bank of Westminster has a Return on Equity of -80.95% versus the BestCashCow average of 8.58. 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 Westminster U.S. Bank Average
6.64% 12.11

Bank of Westminster has a Capitalization of 6.64% versus the BestCashCow average of 12.11. 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 Westminster Balance Sheet Analysis

As of September 30, 2011, Bank of Westminster had assets of $28,179,000, loans of $14,733,000, and deposits of $26,226,000. 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.

Frequently Asked Questions About Bank of Westminster

Branches and Savings

Is Bank of Westminster FDIC insured?

Yes. It is covered under FDIC Certificate #15204.

Why does Bank of Westminster 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 Westminster CD rates not competitive?

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

Is Bank of Westminster a commercial bank?

Yes

Where are Bank of Westminster locations?

See branch locations nearby.

Is Bank of Westminster open on Saturdays?

Is Bank of Westminster open on Sundays?

What time does Bank of Westminster open?

What time does Bank of Westminster close?

Are Bank of Westminster ATMs Open 24/7?

Do Bank of Westminster ATMs accept cash deposits?

Can Bank of Westminster customers use other ATMs?

Do Bank of Westminster branches have notaries?

Will Bank of Westminster notarize my document?

What address for Bank of Westminster should I put for incoming ACH transfers?

Will the Bank of Westminster branch print checks?

Do Bank of Westminster checks expire?

Does Bank of Westminster require US citizenship to open account?

Can Bank of Westminster close my account?

Does Bank of Westminster Report to credit bureaus?

Does Bank of Westminster Use Equifax?

What is Bank of Westminster's ACH Routing Number?

What is Bank of Westminster's SWIFT code?

Products

Does Bank of Westminster offer mortgages?

Compare mortgage rates here.

Does Bank of Westminster offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bank of Westminster offer personal loans?

Compare personal loan rates here.

Does Bank of Westminster offer student loans?

Will Bank of Westminster cash a check?

Will Bank of Westminster redeem a savings bond?

Does Bank of Westminster cash savings bonds?

Will Bank of Westminster cash money orders?

Can Bank of Westminster issue a money order?

Does Bank of Westminster do currency exchange?

Background on The Bank

Who owns Bank of Westminster?

How long has Bank of Westminster been around?

Can Bank of Westminster transfer to other banks?

Does Bank of Westminster have quick pay?

Does Bank of Westminster accept rolled coins?

Will Bank of Westminster accept loose change?

Where is Bank of Westminster headquarters?

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