Washington State Bank

1110 Peoria Street
Washington, IL 61571

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 16667
Date Established 1948
Assets $0.06 billion
Loans $0.03 billion
Deposits $0.05 billion
Capital $0.01 billion

Washington State Bank is an FDIC insured institution located in Washington, IL. It was founded in 1948 and has approximately $0.06 billion in assets. Customers can open an account at one of its 2 branches.

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

Deposit Rates - August 19, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.20% $1 $9,999 Learn MoreShow Less
Money Market
0.30% $10,000 $24,999 Learn MoreShow Less
Money Market
0.35% $25,000 $99,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.50% $2,500 - Learn MoreShow Less
6 Mo CD
0.70% $2,500 - Learn MoreShow Less
12 Mo CD
1.26% $1,000 - Learn MoreShow Less
Special: 21 Mo CD
2.02% $10,000 - Learn MoreShow Less
24 Mo CD
1.56% $1,000 - Learn MoreShow Less
30 Mo CD
1.66% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.56% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
1.00% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1,000 - Learn MoreShow Less

Loan Rates - August 19, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Washington State 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 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
First Internet Bank
NMLS ID: 424182
3.643% 3.625% 0.25 $552 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.530% 3.500% 0.38 $940 $1,123 Learn More

Featured - Connecticut 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

Note to Washington State Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Washington State 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


Washington State Bank Locations


Financial Details

Washington State Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Washington State 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
Washington State Bank U.S. Bank Average
10.94% 6.94%

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 March 31, 2019, Washington State Bank had $649,000 in non-current loans and $50,000 in owned real estate. To cover these potential losses it had $6,198,000 in equity and $190,000 in loans loss reserves. That gives it a Texas Ratio of 10.94%.

Return on Equity
Washington State Bank U.S. Bank Average
8.18% 9.47%

Washington State Bank has a Return on Equity of 8.18% versus the BestCashCow average of 9.47%. 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
Washington State Bank U.S. Bank Average
10.54% 12.49%

Washington State Bank has a Capitalization of 10.54% versus the BestCashCow average of 12.49. 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.

Washington State Bank Balance Sheet Analysis

As of March 31, 2019, Washington State Bank had assets of $58,827,000, loans of $29,763,000, and deposits of $52,516,000. 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, 2019
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.03 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 $0.05 billion
LIABILITIES
Total deposits $0.05 billion
      Interest-bearing deposits $0.04 billion
      Deposits held in domestic offices $0.05 billion
      % insured (estimated) 74.28%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.05 billion
      Shareholders’ Equity $0.01 billion

Summary Income Statement

March 31, 2019
INCOME AND EXPENSES
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 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

Bank Loan Profile?

The top three loan types in Washington State Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks in Illinois, Washington State Bank 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 71.51
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 4.23
Small Business Loans 0.00
Construction and Development Loans 1.79
Commercial Real Estate 7.71
Commercial and Industrial Loans 7.08
Farm Loans 0.45

Frequently Asked Questions About Washington State Bank

Branches and Savings

Is Washington State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #16667.

Why does Washington State Bank pay such low interest on savings accounts?

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

Why are Washington State Bank CD rates not competitive?

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

Is Washington State Bank a commercial bank?

Yes

Where are Washington State Bank locations?

See branch locations nearby.

Is Washington State Bank open on Saturdays?

Is Washington State Bank open on Sundays?

What time does Washington State Bank open?

What time does Washington State Bank close?

Are Washington State Bank ATMs Open 24/7?

Do Washington State Bank ATMs accept cash deposits?

Can Washington State Bank customers use other ATMs?

Do Washington State Bank branches have notaries?

Will Washington State Bank notarize my document?

What address for Washington State Bank should I put for incoming ACH transfers?

Will the Washington State Bank branch print checks?

Do Washington State Bank checks expire?

Does Washington State Bank require US citizenship to open account?

Can Washington State Bank close my account?

Does Washington State Bank Report to credit bureaus?

Does Washington State Bank Use Equifax?

What is Washington State Bank's ACH Routing Number?

What is Washington State Bank's SWIFT code?

Products

Does Washington State Bank offer mortgages?

Compare mortgage rates here.

Does Washington State Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Washington State Bank offer personal loans?

Compare personal loan rates here.

Does Washington State Bank offer student loans?

Will Washington State Bank cash a check?

Will Washington State Bank redeem a savings bond?

Does Washington State Bank cash savings bonds?

Will Washington State Bank cash money orders?

Can Washington State Bank issue a money order?

Does Washington State Bank do currency exchange?

Background on The Bank

Who owns Washington State Bank?

How long has Washington State Bank been around?

Can Washington State Bank transfer to other banks?

Does Washington State Bank have quick pay?

Does Washington State Bank accept rolled coins?

Will Washington State Bank accept loose change?

Where is Washington State Bank headquarters?

Customer Reviews for Washington State Bank

There are currently no comments for Washington State Bank. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →