Bank of Wiggins

109 West Pine Avenue
Wiggins, MS 39577

Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 8250
Date Established 1916
Assets $0.18 billion
Loans $0.11 billion
Deposits $0.15 billion
Capital $0.03 billion

Bank of Wiggins is an FDIC insured institution located in Wiggins, MS. It was founded in 1916 and has approximately $0.18 billion in assets. Customers can open an account at one of its 3 branches.

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.

Bank Loan Profile?

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

Compared to other banks in Mississippi, Bank of Wiggins has a significantly higher percent of Commercial and Industrial 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 30.33
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 3.02
Small Business Loans 12.12
Construction and Development Loans 8.17
Commercial Real Estate 14.50
Commercial and Industrial Loans 26.85
Farm Loans 1.53

Deposit Rates

Your Current Location: Virginia, VA 20146

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

1.25% APY Online Savings Account from Ally Bank
1.60% APY 11 Month CD from Ally Bank

Loan Rates

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2017

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Poli Mortgage Group Inc
NMLS ID: 1979
License#: MC-5501
3.875% 3.875% 0.00 $0 $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 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:
Ashburn,Virginia


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
8.04% 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 Wiggins had $1,215,000 in non-current loans and $1,235,000 in owned real estate. To cover these potential losses it had $28,914,000 in equity and $1,555,000 in loans loss reserves. That gives it a Texas Ratio of 8.04%. 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 Wiggins U.S. Bank Average
5.9% 8.58

Bank of Wiggins has a Return on Equity of 5.9% 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 Wiggins U.S. Bank Average
15.96% 12.11

Bank of Wiggins has a Capitalization of 15.96% 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 Wiggins Balance Sheet Analysis

As of June 30, 2017, Bank of Wiggins had assets of $181,167,000, loans of $105,025,000, and deposits of $151,476,000. 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 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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