Bank of Wiggins

109 West Pine Avenue
Wiggins, MS 39577

Notable Rates APY Vs.Others
Savings N.A. 2.60% →
1-Year CD N.A. 2.30% →
2-Year CD N.A. 2.50% →
5-Year CD N.A. 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

Bank of Wiggins is an FDIC insured institution located in Wiggins, MS. It was founded in 1916 and has approximately $0.17 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 8250
Date Established 1916
Assets $0.17 billion
Loans $0.10 billion
Deposits $0.14 billion
Capital $0.03 billion
 

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

Deposit Rates - November 17, 2019

Your Current Location: Connecticut, CT 06828

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

Advertiser Disclosure

Loan Rates - November 17, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Bank of Wiggins

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 2019

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NMLS ID: 3030
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3.535% 3.500% 0.50 $1,102 $1,123 Learn More
Rocket Mortgage
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4.875% 4.875% 0.00 $0 $1,324 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

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Figure Home Equity Line
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0.000 %
$0 Learn More
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3.740 %
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People's United Bank, N.A.
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5.000 %
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Note to Bank of Wiggins
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Branches

Bank of Wiggins 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 Wiggins Locations


Financial Details

Bank of Wiggins Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Wiggins. 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 Wiggins U.S. Bank Average
7.42% 6.77%

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 June 30, 2019, Bank of Wiggins had $446,000 in non-current loans and $1,901,000 in owned real estate. To cover these potential losses it had $30,251,000 in equity and $1,398,000 in loans loss reserves. That gives it a Texas Ratio of 7.42%.

Return on Equity
Bank of Wiggins U.S. Bank Average
5.12% 9.50%

Bank of Wiggins has a Return on Equity of 5.12% versus the BestCashCow average of 9.50%. 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 Wiggins U.S. Bank Average
17.55% 12.76%

Bank of Wiggins has a Capitalization of 17.55% versus the BestCashCow average of 12.76. 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 Wiggins Balance Sheet Analysis

As of June 30, 2019, Bank of Wiggins had assets of $172,393,000, loans of $95,182,000, and deposits of $141,161,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.01 billion
Total securities $0.05 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.10 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 $0.01 billion
     Total Assets $0.14 billion
LIABILITIES
Total deposits $0.14 billion
      Interest-bearing deposits $0.10 billion
      Deposits held in domestic offices $0.14 billion
      % insured (estimated) 90.43%
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 $0.14 billion
      Shareholders’ Equity $0.03 billion

Summary Income Statement

June 30, 2019
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

Bank Loan Profile?

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

Compared to other banks, Bank of Wiggins’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 31.44
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 2.65
Small Business Loans 15.28
Construction and Development Loans 13.26
Commercial Real Estate 19.18
Commercial and Industrial Loans 19.07
Farm Loans 2.08

Frequently Asked Questions About Bank Of Wiggins

Branches and Savings

Is Bank Of Wiggins FDIC insured?

Yes. It is covered under FDIC Certificate #8250.

Why does Bank Of Wiggins 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 Wiggins CD rates not competitive?

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

Is Bank Of Wiggins a commercial bank?

Yes

Where are Bank Of Wiggins locations?

See branch locations nearby.

Is Bank Of Wiggins open on Saturdays?

Is Bank Of Wiggins open on Sundays?

What time does Bank Of Wiggins open?

What time does Bank Of Wiggins close?

Are Bank Of Wiggins ATMs Open 24/7?

Do Bank Of Wiggins ATMs accept cash deposits?

Can Bank Of Wiggins customers use other ATMs?

Do Bank Of Wiggins branches have notaries?

Will Bank Of Wiggins notarize my document?

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

Will the Bank Of Wiggins branch print checks?

Do Bank Of Wiggins checks expire?

Does Bank Of Wiggins require US citizenship to open account?

Can Bank Of Wiggins close my account?

Does Bank Of Wiggins Report to credit bureaus?

Does Bank Of Wiggins Use Equifax?

What is Bank Of Wiggins's ACH Routing Number?

What is Bank Of Wiggins's SWIFT code?

Products

Does Bank Of Wiggins offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Bank Of Wiggins offer personal loans?

Compare personal loan rates here.

Does Bank Of Wiggins offer student loans?

Will Bank Of Wiggins cash a check?

Will Bank Of Wiggins redeem a savings bond?

Does Bank Of Wiggins cash savings bonds?

Will Bank Of Wiggins cash money orders?

Can Bank Of Wiggins issue a money order?

Does Bank Of Wiggins do currency exchange?

Background on The Bank

Who owns Bank Of Wiggins?

How long has Bank Of Wiggins been around?

Can Bank Of Wiggins transfer to other banks?

Does Bank Of Wiggins have quick pay?

Does Bank Of Wiggins accept rolled coins?

Will Bank Of Wiggins accept loose change?

Where is Bank Of Wiggins headquarters?

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