Bank of Whitman

South 201 Main Street
Colfax, WA 99111


General Bank Information

FDIC Insured Yes
FDIC Certificate # 22528
Date Established 1977
Assets $0.55 billion
Loans $0.42 billion
Deposits $0.52 billion
Capital $-0.00 billion

Bank of Whitman is an FDIC insured institution located in Colfax, WA. It was founded in 1977 and has approximately $0.55 billion in assets.

Closed by FDIC on August 5, 2011 and assets transferred to Columbia State Bank.

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

Compared to other banks, Bank of Whitman’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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 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

Loan Rates

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Bank of Whitman

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 2018

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License#: MC-2462
4.703% 4.625% 0.38 $2,265 $1,286 Learn More
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4.711% 4.625% 0.50 $2,510 $1,286 Learn More NMLS#2890
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4.409% 4.375% 0.00 $1,104 $1,249 Learn More
PenFed Credit Union
NMLS ID: 401822
4.585% 4.500% 0.00 $2,500 $1,267 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 3.990% $238.42 Learn More
Flagstar Bank 5.490% $283.58 Learn More

Note to Bank of Whitman
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Financial Details

Bank of Whitman Ratio Analysis

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

Texas Ratio
Bank of Whitman U.S. Bank Average
254.13% 8.32%

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 September 30, 2017, Bank of Whitman had $51,159,000 in non-current loans and $24,270,000 in owned real estate. To cover these potential losses it had $-319,000 in equity and $30,000,000 in loans loss reserves. That gives it a Texas Ratio of 254.13%.

Return on Equity
Bank of Whitman U.S. Bank Average
-394.16% 8.84%

Bank of Whitman has a Return on Equity of -394.16% versus the BestCashCow average of 8.84%. 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.

Bank of Whitman U.S. Bank Average
-0.06% 12.21%

Bank of Whitman has a Capitalization of -0.06% versus the BestCashCow average of 12.21. 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 Whitman Balance Sheet Analysis

As of June 30, 2011, Bank of Whitman had assets of $548,570,000, loans of $417,897,000, and deposits of $515,732,000. 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

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 $0.42 billion
Loan loss allowance $0.03 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.02 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.00 billion
Total deposits $0.52 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 $0.55 billion

Summary Income Statement

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 Whitman

Branches and Savings

Is Bank Of Whitman FDIC insured?

Yes. It is covered under FDIC Certificate #22528.

Why does Bank Of Whitman 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 Whitman CD rates not competitive?

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

Is Bank Of Whitman a commercial bank?


Where are Bank Of Whitman locations?

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Do Bank Of Whitman checks expire?

Does Bank Of Whitman require US citizenship to open account?

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What is Bank Of Whitman's ACH Routing Number?

What is Bank Of Whitman's SWIFT code?


Does Bank Of Whitman offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Bank Of Whitman offer personal loans?

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Does Bank Of Whitman offer student loans?

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Background on The Bank

Who owns Bank Of Whitman?

How long has Bank Of Whitman been around?

Can Bank Of Whitman transfer to other banks?

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