Waycross Bank & Trust

Headquarters

501 Tebeau Street
Waycross, GA 31501
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.55% →
1-Year CD 0.40% 1.35% →
2-Year CD 0.65% 1.35% →
5-Year CD 1.05% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Waycross Bank & Trust is an FDIC insured institution located in Waycross, GA. It was founded in 1988 and has approximately $0.18 billion in assets.

FDIC Insured Yes
FDIC Certificate # 27254
Date Established 1988
Assets $ 176.31 million
Loans $ 83.63 million
Deposits $ 155.22 million
Capital $ 19.64 million
 

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

Deposit Rates - June 6, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $100 - Learn More
Money Market
0.10% $100 - Learn More
CD Rates APY MIN MAX
3 Mo CD
0.20% $500 - Learn More
6 Mo CD
0.25% $500 - Learn More
12 Mo CD
0.40% $500 - Learn More
18 Mo CD
0.55% $500 - Learn More
24 Mo CD
0.65% $500 - Learn More
36 Mo CD
0.80% $500 - Learn More
48 Mo CD
0.95% $500 - Learn More
60 Mo CD
1.05% $500 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.40% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $100 - Learn MoreShow Less

Loan Rates - June 6, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Waycross Bank & Trust

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 2020

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
Rocket Mortgage
NMLS ID: 3030
3.872% 3.750% 1.00 $3,750 $1,158 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.019% 3.000% 0.25 $625 $1,055 Learn More

Note to Waycross Bank & Trust
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Branches

Waycross Bank & 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:
Ashburn,Virginia


Waycross Bank & Trust Locations


Financial Details

Waycross Bank & Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Waycross Bank & 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
Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
Waycross Bank & Trust U.S. Bank Average
4.41% 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, Waycross Bank & Trust had $722,000 in non-current loans and $232,000 in owned real estate. To cover these potential losses it had $19,637,000 in equity and $2,006,000 in loans loss reserves. That gives it a Texas Ratio of 4.41%.

Return on Equity
Waycross Bank & Trust U.S. Bank Average
15.6% 9.41%

Waycross Bank & Trust has a Return on Equity of 15.6% 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
Waycross Bank & Trust U.S. Bank Average
11.14% 12.82%

Waycross Bank & Trust has a Capitalization of 11.14% 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.

Waycross Bank & Trust Balance Sheet Analysis

As of December 31, 2019, Waycross Bank & Trust had assets of $176,305,000, loans of $83,630,000, and deposits of $155,215,000. 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 $ 29.92 million
Interest-bearing balances $ 27.43 million
Total securities $ 57.89 million
Federal funds sold and reverse repurchase $ 0.15 million
Net loans and leases $ 83.63 million
Loan loss allowance $ 2.01 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.23 million
Goodwill and other intangibles N.A.
All other assets $ 3.76 million
     Total Assets $ 156.67 million
LIABILITIES
Total deposits $ 155.22 million
      Interest-bearing deposits $ 125.40 million
      Deposits held in domestic offices $ 155.22 million
      % insured (estimated) 64.06%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 1.45 million
      Total Liabilities $ 156.67 million
      Shareholders’ Equity $ 19.64 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 6.20 million
Total Interest Expense $ 0.75 million
Net interest income $ 5.45 million
Provision for loan and lease losses N.A.
Total non interest income $ 4.29 million
Total non interest expense $ 6.88 million
Pre-tax Net Operating Income $ 2.86 million

Bank Loan Profile?

The top three loan types in Waycross Bank & Trust’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Georgia, Waycross Bank & Trust has a significantly higher percent of Multifamily Mortgages 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 23.40
Multifamily
Mortgages
5.30
Credit Card Loans 0.00
Consumer Auto Loans 0.25
Small Business Loans 17.88
Construction and Development Loans 4.90
Commercial Real Estate 44.52
Commercial and Industrial Loans 14.60
Farm Loans 0.00

Frequently Asked Questions About Waycross Bank & Trust

Branches and Savings

Is Waycross Bank & Trust FDIC insured?

Yes. It is covered under FDIC Certificate #27254.

Why does Waycross Bank & Trust pay such low interest on savings accounts?

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

Why are Waycross Bank & Trust CD rates not competitive?

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

Is Waycross Bank & Trust a commercial bank?

Yes

Where are Waycross Bank & Trust locations?

See branch locations nearby.

Is Waycross Bank & Trust open on Saturdays?

Is Waycross Bank & Trust open on Sundays?

What time does Waycross Bank & Trust open?

What time does Waycross Bank & Trust close?

Are Waycross Bank & Trust ATMs Open 24/7?

Do Waycross Bank & Trust ATMs accept cash deposits?

Can Waycross Bank & Trust customers use other ATMs?

Do Waycross Bank & Trust branches have notaries?

Will Waycross Bank & Trust notarize my document?

What address for Waycross Bank & Trust should I put for incoming ACH transfers?

Will the Waycross Bank & Trust branch print checks?

Do Waycross Bank & Trust checks expire?

Does Waycross Bank & Trust require US citizenship to open account?

Can Waycross Bank & Trust close my account?

Does Waycross Bank & Trust Report to credit bureaus?

Does Waycross Bank & Trust Use Equifax?

What is Waycross Bank & Trust's ACH Routing Number?

What is Waycross Bank & Trust's SWIFT code?

Products

Does Waycross Bank & Trust offer mortgages?

Compare mortgage rates here.

Does Waycross Bank & Trust offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Waycross Bank & Trust offer personal loans?

Compare personal loan rates here.

Does Waycross Bank & Trust offer student loans?

Will Waycross Bank & Trust cash a check?

Will Waycross Bank & Trust redeem a savings bond?

Does Waycross Bank & Trust cash savings bonds?

Will Waycross Bank & Trust cash money orders?

Can Waycross Bank & Trust issue a money order?

Does Waycross Bank & Trust do currency exchange?

Background on The Bank

Who owns Waycross Bank & Trust?

How long has Waycross Bank & Trust been around?

Can Waycross Bank & Trust transfer to other banks?

Does Waycross Bank & Trust have quick pay?

Does Waycross Bank & Trust accept rolled coins?

Will Waycross Bank & Trust accept loose change?

Where is Waycross Bank & Trust headquarters?

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