Bank of Wolcott

105 North Range Street
Wolcott, IN 47995

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 16201
Date Established 1944
Assets $0.16 billion
Loans $0.11 billion
Deposits $0.14 billion
Capital $0.02 billion

Bank of Wolcott is an FDIC insured institution located in Wolcott, IN. It was founded in 1944 and has approximately $0.16 billion in assets. Customers can open an account at one of its 3 branches.

For a more detailed analysis of Bank of Wolcott'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 Wolcott’s loan portfolio are 1-4 Family Residential Loans, Farm Loans, and Commercial Real Estate.

Compared to other banks in Indiana, Bank of Wolcott has a significantly higher percent of Farm 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 20.44
Multifamily
Mortgages
1.87
Credit Card Loans 0.00
Consumer Auto Loans 0.68
Small Business Loans 9.48
Construction and Development Loans 0.48
Commercial Real Estate 14.19
Commercial and Industrial Loans 8.18
Farm Loans 19.23

Deposit Rates - June 20, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.25% $1 $9,999 Learn MoreShow Less
Money Market
0.35% $10,000 $29,999 Learn MoreShow Less
Premium Money Market Account
0.25% $1 $99,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.30% $5,000 - Learn MoreShow Less
6 Mo CD
0.45% $5,000 - Learn MoreShow Less
12 Mo CD
0.70% $5,000 - Learn MoreShow Less
Special: 13 Mo CD
2.37% $5,000 - Learn MoreShow Less
18 Mo CD
0.70% $5,000 - Learn MoreShow Less
Special: 21 Mo CD
2.27% $5,000 - Learn MoreShow Less
24 Mo CD
0.85% $5,000 - Learn MoreShow Less
30 Mo CD
0.85% $5,000 - Learn MoreShow Less
36 Mo CD
1.15% $1,000 - Learn MoreShow Less
48 Mo CD
1.46% $1,000 - Learn MoreShow Less
60 Mo CD
2.12% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.05% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.40% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.20% $1,000 - Learn MoreShow Less

Loan Rates - June 20, 2019

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Bank of Wolcott

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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.500% 4.500% 0.00 $0 $1,267 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Figure Home Equity Line
Figure Home Equity Line
5.490 %
N/A Learn More
More Info

Note to Bank of Wolcott
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Branches

Bank of Wolcott 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 Wolcott Locations


Financial Details

Bank of Wolcott Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of Wolcott. 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 Wolcott U.S. Bank Average
7.49% 6.97%

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 December 31, 2018, Bank of Wolcott had $1,477,000 in non-current loans and $27,000 in owned real estate. To cover these potential losses it had $17,996,000 in equity and $2,092,000 in loans loss reserves. That gives it a Texas Ratio of 7.49%.

Return on Equity
Bank of Wolcott U.S. Bank Average
15.69% 8.80%

Bank of Wolcott has a Return on Equity of 15.69% versus the BestCashCow average of 8.80%. 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 Wolcott U.S. Bank Average
10.91% 12.29%

Bank of Wolcott has a Capitalization of 10.91% versus the BestCashCow average of 12.29. 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 Wolcott Balance Sheet Analysis

As of December 31, 2018, Bank of Wolcott had assets of $164,950,000, loans of $112,510,000, and deposits of $135,843,000. 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

December 31, 2018
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.03 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.11 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 $0.00 billion
     Total Assets $0.15 billion
LIABILITIES
Total deposits $0.14 billion
      Interest-bearing deposits $0.10 billion
      Deposits held in domestic offices $0.14 billion
      % insured (estimated) 81.52%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.15 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 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 Wolcott

Branches and Savings

Is Bank Of Wolcott FDIC insured?

Yes. It is covered under FDIC Certificate #16201.

Why does Bank Of Wolcott 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 Wolcott CD rates not competitive?

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

Is Bank Of Wolcott a commercial bank?

Yes

Where are Bank Of Wolcott locations?

See branch locations nearby.

Is Bank Of Wolcott open on Saturdays?

Is Bank Of Wolcott open on Sundays?

What time does Bank Of Wolcott open?

What time does Bank Of Wolcott close?

Are Bank Of Wolcott ATMs Open 24/7?

Do Bank Of Wolcott ATMs accept cash deposits?

Can Bank Of Wolcott customers use other ATMs?

Do Bank Of Wolcott branches have notaries?

Will Bank Of Wolcott notarize my document?

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

Will the Bank Of Wolcott branch print checks?

Do Bank Of Wolcott checks expire?

Does Bank Of Wolcott require US citizenship to open account?

Can Bank Of Wolcott close my account?

Does Bank Of Wolcott Report to credit bureaus?

Does Bank Of Wolcott Use Equifax?

What is Bank Of Wolcott's ACH Routing Number?

What is Bank Of Wolcott's SWIFT code?

Products

Does Bank Of Wolcott offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Bank Of Wolcott offer personal loans?

Compare personal loan rates here.

Does Bank Of Wolcott offer student loans?

Will Bank Of Wolcott cash a check?

Will Bank Of Wolcott redeem a savings bond?

Does Bank Of Wolcott cash savings bonds?

Will Bank Of Wolcott cash money orders?

Can Bank Of Wolcott issue a money order?

Does Bank Of Wolcott do currency exchange?

Background on The Bank

Who owns Bank Of Wolcott?

How long has Bank Of Wolcott been around?

Can Bank Of Wolcott transfer to other banks?

Does Bank Of Wolcott have quick pay?

Does Bank Of Wolcott accept rolled coins?

Will Bank Of Wolcott accept loose change?

Where is Bank Of Wolcott headquarters?

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