First Whitney Bank and Trust

Headquarters

223 Chestnut Street
Atlantic, IA 50022
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.40% →
1-Year CD 0.60% 1.15% →
2-Year CD 0.60% 1.26% →
5-Year CD 0.70% 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

First Whitney Bank and Trust is an FDIC insured institution located in Atlantic, IA. It was founded in 1907 and has approximately $0.23 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 254
Date Established 1907
Assets $ 231.74 million
Loans $ 153.06 million
Deposits $ 205.27 million
Capital $ 26.02 million
 

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

Deposit Rates - July 9, 2020

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $1 - Learn More
Money Market
0.10% $1 $25,000 Learn More
Money Market
0.20% $25,001 $100,000 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.35% $2,500 - Learn More
6 Mo CD
0.60% $2,500 - Learn More
12 Mo CD
0.60% $500 - Learn More
18 Mo CD
0.60% $500 - Learn More
24 Mo CD
0.60% $500 - Learn More
30 Mo CD
0.60% $500 - Learn More
36 Mo CD
0.70% $500 - Learn More
48 Mo CD
0.70% $500 - Learn More
60 Mo CD
0.70% $500 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.60% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 - Learn MoreShow Less

Loan Rates - July 9, 2020

Your Current Location: Washington, WA 98109

There are currently no loan rates available for First Whitney Bank and Trust

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.039% 3.000% 0.50 $1,250 $1,055 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info

Note to First Whitney Bank and Trust
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Branches

First Whitney Bank and Trust 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


First Whitney Bank and Trust Locations


Financial Details

First Whitney Bank and Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First Whitney Bank and Trust. 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
First Whitney Bank and Trust U.S. Bank Average
0% 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, First Whitney Bank and Trust had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $26,015,000 in equity and $453,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
First Whitney Bank and Trust U.S. Bank Average
18.88% 9.41%

First Whitney Bank and Trust has a Return on Equity of 18.88% 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
First Whitney Bank and Trust U.S. Bank Average
11.23% 12.82%

First Whitney Bank and Trust has a Capitalization of 11.23% 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.

First Whitney Bank and Trust Balance Sheet Analysis

As of December 31, 2019, First Whitney Bank and Trust had assets of $231,742,000, loans of $153,060,000, and deposits of $205,273,000. 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 $ 14.42 million
Interest-bearing balances $ 11.73 million
Total securities $ 51.17 million
Federal funds sold and reverse repurchase $ 8.96 million
Net loans and leases $ 153.06 million
Loan loss allowance $ 0.45 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 3.72 million
     Total Assets $ 205.73 million
LIABILITIES
Total deposits $ 205.27 million
      Interest-bearing deposits $ 165.60 million
      Deposits held in domestic offices $ 205.27 million
      % insured (estimated) 70.68%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.45 million
      Total Liabilities $ 205.73 million
      Shareholders’ Equity $ 26.02 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 9.46 million
Total Interest Expense $ 2.12 million
Net interest income $ 7.34 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.44 million
Total non interest expense $ 3.00 million
Pre-tax Net Operating Income $ 4.79 million

Bank Loan Profile?

The top three loan types in First Whitney Bank and Trust’s loan portfolio are Farm Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Iowa, First Whitney Bank and Trust 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 8.17
Multifamily
Mortgages
0.70
Credit Card Loans 0.00
Consumer Auto Loans 0.59
Small Business Loans 3.30
Construction and Development Loans 2.00
Commercial Real Estate 10.20
Commercial and Industrial Loans 25.83
Farm Loans 28.71

Frequently Asked Questions About First Whitney Bank And Trust

Branches and Savings

Is First Whitney Bank And Trust FDIC insured?

Yes. It is covered under FDIC Certificate #254.

Why does First Whitney Bank And Trust pay such low interest on savings accounts?

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

Why are First Whitney Bank And Trust CD rates not competitive?

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

Is First Whitney Bank And Trust a commercial bank?

Yes

Where are First Whitney Bank And Trust locations?

See branch locations nearby.

Is First Whitney Bank And Trust open on Saturdays?

Is First Whitney Bank And Trust open on Sundays?

What time does First Whitney Bank And Trust open?

What time does First Whitney Bank And Trust close?

Are First Whitney Bank And Trust ATMs Open 24/7?

Do First Whitney Bank And Trust ATMs accept cash deposits?

Can First Whitney Bank And Trust customers use other ATMs?

Do First Whitney Bank And Trust branches have notaries?

Will First Whitney Bank And Trust notarize my document?

What address for First Whitney Bank And Trust should I put for incoming ACH transfers?

Will the First Whitney Bank And Trust branch print checks?

Do First Whitney Bank And Trust checks expire?

Does First Whitney Bank And Trust require US citizenship to open account?

Can First Whitney Bank And Trust close my account?

Does First Whitney Bank And Trust Report to credit bureaus?

Does First Whitney Bank And Trust Use Equifax?

What is First Whitney Bank And Trust's ACH Routing Number?

What is First Whitney Bank And Trust's SWIFT code?

Products

Does First Whitney Bank And Trust offer mortgages?

Compare mortgage rates here.

Does First Whitney Bank And Trust offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Whitney Bank And Trust offer personal loans?

Compare personal loan rates here.

Does First Whitney Bank And Trust offer student loans?

Will First Whitney Bank And Trust cash a check?

Will First Whitney Bank And Trust redeem a savings bond?

Does First Whitney Bank And Trust cash savings bonds?

Will First Whitney Bank And Trust cash money orders?

Can First Whitney Bank And Trust issue a money order?

Does First Whitney Bank And Trust do currency exchange?

Background on The Bank

Who owns First Whitney Bank And Trust?

How long has First Whitney Bank And Trust been around?

Can First Whitney Bank And Trust transfer to other banks?

Does First Whitney Bank And Trust have quick pay?

Does First Whitney Bank And Trust accept rolled coins?

Will First Whitney Bank And Trust accept loose change?

Where is First Whitney Bank And Trust headquarters?

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