CHARTER WEST BANK

Headquarters

201 South Main Street
West Point, NE 68788
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 1.40% →
1-Year CD 0.80% 1.15% →
2-Year CD 1.00% 1.26% →
5-Year CD N.A. 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

CHARTER WEST BANK is an FDIC insured institution located in West Point, NE. It was founded in 1985 and has approximately $0.29 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 26185
Date Established 1985
Assets $ 288.56 million
Loans $ 209.82 million
Deposits $ 248.34 million
Capital $ 28.22 million
 

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

Deposit Rates - July 7, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.25% $1 - Learn More
Money Market
0.10% $2,500 $24,999 Learn More
Money Market
0.15% $25,000 $49,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.55% $100 - Learn More
6 Mo CD
0.60% $100 - Learn More
12 Mo CD
0.80% $500 - Learn More
18 Mo CD
0.90% $500 - Learn More
24 Mo CD
1.00% $500 - Learn More
30 Mo CD
1.00% $500 - Learn More
48 Mo CD
1.00% $500 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.36% $1 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
0.10% $1 $2,499 Learn MoreShow Less
Int Ckg
0.10% $2,500 $24,999 Learn MoreShow Less

Loan Rates - July 7, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for CHARTER WEST BANK

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

Note to CHARTER WEST BANK
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

CHARTER WEST BANK 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


CHARTER WEST BANK Locations


Financial Details

CHARTER WEST BANK Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of CHARTER WEST BANK. 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
CHARTER WEST BANK U.S. Bank Average
0.59% 6.51%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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, 2019, CHARTER WEST BANK had $182,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $28,217,000 in equity and $2,467,000 in loans loss reserves. That gives it a Texas Ratio of 0.59%.

Return on Equity
CHARTER WEST BANK U.S. Bank Average
20.5% 9.41%

CHARTER WEST BANK has a Return on Equity of 20.5% versus the BestCashCow average of 9.41%. 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
CHARTER WEST BANK U.S. Bank Average
9.78% 12.82%

CHARTER WEST BANK has a Capitalization of 9.78% versus the BestCashCow average of 12.82. 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.

CHARTER WEST BANK Balance Sheet Analysis

As of December 31, 2019, CHARTER WEST BANK had assets of $288,563,000, loans of $209,819,000, and deposits of $248,338,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $ 34.13 million
Interest-bearing balances $ 28.57 million
Total securities $ 25.35 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 209.82 million
Loan loss allowance $ 2.47 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.62 million
All other assets $ 10.27 million
     Total Assets $ 260.35 million
LIABILITIES
Total deposits $ 248.34 million
      Interest-bearing deposits $ 203.87 million
      Deposits held in domestic offices $ 248.34 million
      % insured (estimated) 79.90%
Federal funds purchased and repurchase agreements $ 1.34 million
Trading liabilities N.A.
Other borrowed funds $ 7.00 million
Subordinated debt N.A.
All other liabilities $ 3.67 million
      Total Liabilities $ 260.35 million
      Shareholders’ Equity $ 28.22 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 12.99 million
Total Interest Expense $ 3.69 million
Net interest income $ 9.30 million
Provision for loan and lease losses $ 0.15 million
Total non interest income $ 12.57 million
Total non interest expense $ 16.23 million
Pre-tax Net Operating Income $ 5.49 million

Bank Loan Profile?

The top three loan types in CHARTER WEST BANK’s loan portfolio are Farm Loans, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks, CHARTER WEST BANK’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 19.42
Multifamily
Mortgages
1.19
Credit Card Loans 0.00
Consumer Auto Loans 2.33
Small Business Loans 9.72
Construction and Development Loans 2.09
Commercial Real Estate 14.06
Commercial and Industrial Loans 15.46
Farm Loans 28.90

Frequently Asked Questions About Charter West Bank

Branches and Savings

Is Charter West Bank FDIC insured?

Yes. It is covered under FDIC Certificate #26185.

Why does Charter West Bank pay such low interest on savings accounts?

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

Why are Charter West Bank CD rates not competitive?

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

Is Charter West Bank a commercial bank?

Yes

Where are Charter West Bank locations?

See branch locations nearby.

Is Charter West Bank open on Saturdays?

Is Charter West Bank open on Sundays?

What time does Charter West Bank open?

What time does Charter West Bank close?

Are Charter West Bank ATMs Open 24/7?

Do Charter West Bank ATMs accept cash deposits?

Can Charter West Bank customers use other ATMs?

Do Charter West Bank branches have notaries?

Will Charter West Bank notarize my document?

What address for Charter West Bank should I put for incoming ACH transfers?

Will the Charter West Bank branch print checks?

Do Charter West Bank checks expire?

Does Charter West Bank require US citizenship to open account?

Can Charter West Bank close my account?

Does Charter West Bank Report to credit bureaus?

Does Charter West Bank Use Equifax?

What is Charter West Bank's ACH Routing Number?

What is Charter West Bank's SWIFT code?

Products

Does Charter West Bank offer mortgages?

Compare mortgage rates here.

Does Charter West Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Charter West Bank offer personal loans?

Compare personal loan rates here.

Does Charter West Bank offer student loans?

Will Charter West Bank cash a check?

Will Charter West Bank redeem a savings bond?

Does Charter West Bank cash savings bonds?

Will Charter West Bank cash money orders?

Can Charter West Bank issue a money order?

Does Charter West Bank do currency exchange?

Background on The Bank

Who owns Charter West Bank?

How long has Charter West Bank been around?

Can Charter West Bank transfer to other banks?

Does Charter West Bank have quick pay?

Does Charter West Bank accept rolled coins?

Will Charter West Bank accept loose change?

Where is Charter West Bank headquarters?

Customer Reviews for CHARTER WEST BANK

There are currently no comments for CHARTER WEST BANK. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →