Goldwater Bank, N.A.

Headquarters

2525 E Camelback Road, Suite 1100
Phoenix, AZ 85016
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.20% 1.00% →
1-Year CD 0.60% 0.95% →
2-Year CD 0.75% 1.05% →
5-Year CD 0.95% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Goldwater Bank, N.A. is an FDIC insured institution located in Phoenix, AZ. It was founded in 2007 and has approximately $0.24 billion in assets.

FDIC Insured Yes
FDIC Certificate # 58405
Date Established 2007
Assets $ 241.97 million
Loans $ 190.98 million
Deposits $ 165.14 million
Capital $ 21.16 million
 

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

Deposit Rates - October 1, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.20% $2,500 $4,999 Learn More
Money Market
0.26% $2,500 $2,999 Learn More
Money Market
0.26% $10,000 $14,999 Learn More
Money Market
0.26% $25,000 $29,999 Learn More
Premium Money Market Account
0.40% $10,000 $14,999 Learn More
Premium Money Market Account
0.40% $25,000 $34,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.35% $10,000 $14,999 Learn More
3 Mo CD
0.35% $100,000 $199,999 Learn More
6 Mo CD
0.50% $10,000 $14,999 Learn More
6 Mo CD
0.50% $100,000 $199,999 Learn More
12 Mo CD
0.60% $10,000 $14,999 Learn More
12 Mo CD
0.60% $100,000 $199,999 Learn More
18 Mo CD
0.70% $10,000 $14,999 Learn More
18 Mo CD
0.70% $100,000 $199,999 Learn More
24 Mo CD
0.75% $10,000 $14,999 Learn More
24 Mo CD
0.75% $100,000 $199,999 Learn More
36 Mo CD
0.85% $10,000 $14,999 Learn More
36 Mo CD
0.85% $100,000 $199,999 Learn More
60 Mo CD
0.95% $10,000 $14,999 Learn More
60 Mo CD
0.95% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 1, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Goldwater Bank, N.A.

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
2.789% 2.750% 0.50 $1,250 $1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.990 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
See Table
3.750 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to Goldwater Bank, N.A.
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Goldwater Bank, N.A. 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


Goldwater Bank, N.A. Locations


Financial Details

Goldwater Bank, N.A. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Goldwater Bank, N.A.. 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
Goldwater Bank, N.A. U.S. Bank Average
8.49% 6.94%

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 March 31, 2020, Goldwater Bank, N.A. had $1,848,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $21,158,000 in equity and $597,000 in loans loss reserves. That gives it a Texas Ratio of 8.49%.

Return on Equity
Goldwater Bank, N.A. U.S. Bank Average
11.48% 7.80%

Goldwater Bank, N.A. has a Return on Equity of 11.48% versus the BestCashCow average of 7.80%. 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
Goldwater Bank, N.A. U.S. Bank Average
8.74% 12.68%

Goldwater Bank, N.A. has a Capitalization of 8.74% versus the BestCashCow average of 12.68. 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.

Goldwater Bank, N.A. Balance Sheet Analysis

As of March 31, 2020, Goldwater Bank, N.A. had assets of $241,968,000, loans of $190,978,000, and deposits of $165,140,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 28.79 million
Interest-bearing balances $ 10.82 million
Total securities $ 3.56 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 190.98 million
Loan loss allowance $ 0.60 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.56 million
All other assets $ 17.28 million
     Total Assets $ 220.81 million
LIABILITIES
Total deposits $ 165.14 million
      Interest-bearing deposits $ 128.04 million
      Deposits held in domestic offices $ 165.14 million
      % insured (estimated) 74.58%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 45.00 million
Subordinated debt N.A.
All other liabilities $ 10.67 million
      Total Liabilities $ 220.81 million
      Shareholders’ Equity $ 21.16 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.93 million
Total Interest Expense $ 0.75 million
Net interest income $ 1.18 million
Provision for loan and lease losses $ 0.12 million
Total non interest income $ 13.22 million
Total non interest expense $ 13.70 million
Pre-tax Net Operating Income $ 0.58 million

Bank Loan Profile?

The top three loan types in Goldwater Bank, N.A.’s loan portfolio are 1-4 Family Residential Loans, Construction and Development Loans, and Commercial Real Estate.

Compared to other banks in Arizona, Goldwater Bank, N.A. has a significantly higher percent of 1-4 Family Residential 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 84.32
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 0.17
Small Business Loans 4.90
Construction and Development Loans 8.26
Commercial Real Estate 5.13
Commercial and Industrial Loans 1.89
Farm Loans 0.00

Frequently Asked Questions About Goldwater Bank, N.a.

Branches and Savings

Is Goldwater Bank, N.a. FDIC insured?

Yes. It is covered under FDIC Certificate #58405.

Why does Goldwater Bank, N.a. pay such low interest on savings accounts?

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

Why are Goldwater Bank, N.a. CD rates not competitive?

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

Is Goldwater Bank, N.a. a commercial bank?

Yes

Where are Goldwater Bank, N.a. locations?

See branch locations nearby.

Is Goldwater Bank, N.a. open on Saturdays?

Is Goldwater Bank, N.a. open on Sundays?

What time does Goldwater Bank, N.a. open?

What time does Goldwater Bank, N.a. close?

Are Goldwater Bank, N.a. ATMs Open 24/7?

Do Goldwater Bank, N.a. ATMs accept cash deposits?

Can Goldwater Bank, N.a. customers use other ATMs?

Do Goldwater Bank, N.a. branches have notaries?

Will Goldwater Bank, N.a. notarize my document?

What address for Goldwater Bank, N.a. should I put for incoming ACH transfers?

Will the Goldwater Bank, N.a. branch print checks?

Do Goldwater Bank, N.a. checks expire?

Does Goldwater Bank, N.a. require US citizenship to open account?

Can Goldwater Bank, N.a. close my account?

Does Goldwater Bank, N.a. Report to credit bureaus?

Does Goldwater Bank, N.a. Use Equifax?

What is Goldwater Bank, N.a.'s ACH Routing Number?

What is Goldwater Bank, N.a.'s SWIFT code?

Products

Does Goldwater Bank, N.a. offer mortgages?

Compare mortgage rates here.

Does Goldwater Bank, N.a. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Goldwater Bank, N.a. offer personal loans?

Compare personal loan rates here.

Does Goldwater Bank, N.a. offer student loans?

Will Goldwater Bank, N.a. cash a check?

Will Goldwater Bank, N.a. redeem a savings bond?

Does Goldwater Bank, N.a. cash savings bonds?

Will Goldwater Bank, N.a. cash money orders?

Can Goldwater Bank, N.a. issue a money order?

Does Goldwater Bank, N.a. do currency exchange?

Background on The Bank

Who owns Goldwater Bank, N.a.?

How long has Goldwater Bank, N.a. been around?

Can Goldwater Bank, N.a. transfer to other banks?

Does Goldwater Bank, N.a. have quick pay?

Does Goldwater Bank, N.a. accept rolled coins?

Will Goldwater Bank, N.a. accept loose change?

Where is Goldwater Bank, N.a. headquarters?

Customer Reviews for Goldwater Bank, N.A.


  • September 26, 2018

    Drove to PHX to open an acct. The listed address is VACANT. No info available for other branches. Found another listed branch office, office is vacant. Screw you Goldwater Bank, you want my money and you can't get your s$%& together. And why are you closing down all your branches? Very sketchy operation.

  • April 30, 2018

    CDs 12 Month Rates

    whats panelty for early withdrawal

  • August 22, 2016

    I need a mortgage statement for Mortgage Account No. 909109670 please send it to 41 Repose Lane, East Wareham, Ma 02538 or please have someone call me at 508-615-8332 Thank you

Add Your Review

Rate it here →