Washington State Bank

121 S Marion Ave
Washington, IA 52353

Notable Rates:
Savings Rate 0.15% APY
Money Market Rate 0.30% APY
9-Month CD Rate 1.76% APY
1-Year CD Rate 0.50% APY
3-Year CD Rate 1.00% APY
5-Year CD Rate 1.61% APY

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 214
Date Established 1932
Assets $0.33 billion
Loans $0.22 billion
Deposits $0.27 billion
Capital $0.04 billion

Washington State Bank is an FDIC insured institution located in Washington, IA. It was founded in 1932 and has approximately $0.33 billion in assets. Customers can open an account at one of its 4 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 - October 23, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.30% $1,500 $74,999 Learn MoreShow Less
3 Mo CD
0.15% $500 - Learn MoreShow Less
6 Mo CD
0.30% $500 - Learn MoreShow Less
Special: 9 Mo CD
1.76% $500 - Learn MoreShow Less
12 Mo CD
0.50% $500 - Learn MoreShow Less
18 Mo CD
0.60% $500 - Learn MoreShow Less
24 Mo CD
0.70% $500 - Learn MoreShow Less
30 Mo CD
0.80% $500 - Learn MoreShow Less
36 Mo CD
1.00% $500 - Learn MoreShow Less
48 Mo CD
1.51% $500 - Learn MoreShow Less
60 Mo CD
1.61% $500 - Learn MoreShow Less

Variable IRA Rates APY MIN MAX
2.27% $200 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $750 - Learn MoreShow Less

Loan Rates - October 23, 2019

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: MC-3098
3.626% 3.625% 0.00 $28 $1,141 Learn More
First Internet Bank
NMLS ID: 424182
3.750% 3.750% -0.13 ($160) $1,158 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.990 %
$0 Learn More
More Info

Note to Washington State Bank
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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
4.05% 6.77%

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 June 30, 2019, Washington State Bank had $1,706,000 in non-current loans and $111,000 in owned real estate. To cover these potential losses it had $42,419,000 in equity and $2,469,000 in loans loss reserves. That gives it a Texas Ratio of 4.05%.

Return on Equity
Washington State Bank U.S. Bank Average
10.83% 9.50%

Washington State Bank has a Return on Equity of 10.83% versus the BestCashCow average of 9.50%. 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.

Washington State Bank U.S. Bank Average
12.77% 12.76%

Washington State Bank has a Capitalization of 12.77% versus the BestCashCow average of 12.76. 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 June 30, 2019, Washington State Bank had assets of $332,073,000, loans of $224,209,000, and deposits of $265,483,000. 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

June 30, 2019
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.08 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.22 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 $0.01 billion
     Total Assets $0.29 billion
Total deposits $0.27 billion
      Interest-bearing deposits $0.21 billion
      Deposits held in domestic offices $0.27 billion
      % insured (estimated) 77.55%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.02 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $0.29 billion
      Shareholders’ Equity $0.04 billion

Summary Income Statement

June 30, 2019
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 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, Farm Loans, and Commercial and Industrial Loans.

Compared to other banks in Iowa, 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 39.55
Credit Card Loans 0.11
Consumer Auto Loans 0.80
Small Business Loans 5.01
Construction and Development Loans 1.62
Commercial Real Estate 6.17
Commercial and Industrial Loans 8.87
Farm Loans 13.68

Frequently Asked Questions About Washington State Bank

Branches and Savings

Is Washington State Bank FDIC insured?

Yes. It is covered under FDIC Certificate #214.

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?


Where are Washington State Bank locations?

See branch locations nearby.

Is Washington State Bank open on Saturdays?

Is Washington State Bank open on Sundays?

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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?


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?

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