New West Bank

Headquarters

3459 West 20th Street, Suite 114
Greeley, CO 80634
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 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

New West Bank is an FDIC insured institution located in Greeley, CO. It was founded in 2003 and has approximately $0.18 billion in assets.

FDIC Insured Yes
FDIC Certificate # 57508
Date Established 2003
Assets $ 175.18 million
Loans $ 84.98 million
Deposits $ 159.26 million
Capital $ 15.61 million
 

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

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for New 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
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.570% 2.500% 0.88 $2,312 $988 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.
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4.000 %
$0 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
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Note to New West Bank
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Branches

New 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


New West Bank Locations


Financial Details

New West Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of New 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
New West Bank U.S. Bank Average
2.44% 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, New West Bank had $57,000 in non-current loans and $350,000 in owned real estate. To cover these potential losses it had $15,607,000 in equity and $1,091,000 in loans loss reserves. That gives it a Texas Ratio of 2.44%.

Return on Equity
New West Bank U.S. Bank Average
44.03% 7.80%

New West Bank has a Return on Equity of 44.03% 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
New West Bank U.S. Bank Average
8.91% 12.68%

New West Bank has a Capitalization of 8.91% 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.

New West Bank Balance Sheet Analysis

As of March 31, 2013, New West Bank had assets of $175,179,000, loans of $84,975,000, and deposits of $159,262,000. 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 N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 84.98 million
Loan loss allowance $ 1.09 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.35 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 159.26 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 175.18 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in New West Bank’s loan portfolio are Commercial Real Estate, Small Business Loans, and Commercial and Industrial Loans.

Compared to other banks in Colorado, New West Bank has a significantly higher percent of Small Business 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 19.09
Multifamily
Mortgages
1.18
Credit Card Loans 0.00
Consumer Auto Loans 0.24
Small Business Loans 22.91
Construction and Development Loans 5.66
Commercial Real Estate 36.20
Commercial and Industrial Loans 19.32
Farm Loans 7.44

Frequently Asked Questions About New West Bank

Branches and Savings

Is New West Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57508.

Why does New 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 New West Bank CD rates not competitive?

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

Is New West Bank a commercial bank?

Yes

Where are New West Bank locations?

See branch locations nearby.

Is New West Bank open on Saturdays?

Is New West Bank open on Sundays?

What time does New West Bank open?

What time does New West Bank close?

Are New West Bank ATMs Open 24/7?

Do New West Bank ATMs accept cash deposits?

Can New West Bank customers use other ATMs?

Do New West Bank branches have notaries?

Will New West Bank notarize my document?

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

Will the New West Bank branch print checks?

Do New West Bank checks expire?

Does New West Bank require US citizenship to open account?

Can New West Bank close my account?

Does New West Bank Report to credit bureaus?

Does New West Bank Use Equifax?

What is New West Bank's ACH Routing Number?

What is New West Bank's SWIFT code?

Products

Does New West Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does New West Bank offer personal loans?

Compare personal loan rates here.

Does New West Bank offer student loans?

Will New West Bank cash a check?

Will New West Bank redeem a savings bond?

Does New West Bank cash savings bonds?

Will New West Bank cash money orders?

Can New West Bank issue a money order?

Does New West Bank do currency exchange?

Background on The Bank

Who owns New West Bank?

How long has New West Bank been around?

Can New West Bank transfer to other banks?

Does New West Bank have quick pay?

Does New West Bank accept rolled coins?

Will New West Bank accept loose change?

Where is New West Bank headquarters?

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