Wayne Bank and Trust Co.

Headquarters

145 West Main Street
Cambridge City, IN 47327
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.07% 1.05% →
1-Year CD 0.40% 1.05% →
2-Year CD 0.55% 1.11% →
5-Year CD 0.75% 1.56% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

Wayne Bank and Trust Co. is an FDIC insured institution located in Cambridge City, IN. It was founded in 1882 and has approximately $0.17 billion in assets. Customers can open an account at one of its 3 branches.

FDIC Insured Yes
FDIC Certificate # 1849
Date Established 1882
Assets $ 167.88 million
Loans $ 136.16 million
Deposits $ 143.33 million
Capital $ 18.99 million
 

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

Deposit Rates - August 10, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.07% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.40% $10,000 $14,999 Learn More
12 Mo CD
0.40% $100,000 $199,999 Learn More
18 Mo CD
0.45% $10,000 $14,999 Learn More
18 Mo CD
0.45% $100,000 $199,999 Learn More
24 Mo CD
0.55% $10,000 $14,999 Learn More
24 Mo CD
0.55% $100,000 $199,999 Learn More
36 Mo CD
0.60% $10,000 $14,999 Learn More
36 Mo CD
0.60% $100,000 $199,999 Learn More
48 Mo CD
0.70% $10,000 $14,999 Learn More
48 Mo CD
0.70% $100,000 $199,999 Learn More
60 Mo CD
0.75% $10,000 $14,999 Learn More
60 Mo CD
0.75% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 10, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Wayne Bank and Trust Co.

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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.914% 2.875% 0.50 $1,250 $1,038 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
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

Note to Wayne Bank and Trust Co.
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Wayne Bank and Trust Co. 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


Wayne Bank and Trust Co. Locations


Financial Details

Wayne Bank and Trust Co. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Wayne Bank and Trust Co.. 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
Wayne Bank and Trust Co. U.S. Bank Average
3.83% 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, Wayne Bank and Trust Co. had $781,000 in non-current loans and $12,000 in owned real estate. To cover these potential losses it had $18,987,000 in equity and $1,702,000 in loans loss reserves. That gives it a Texas Ratio of 3.83%.

Return on Equity
Wayne Bank and Trust Co. U.S. Bank Average
7.35% 7.80%

Wayne Bank and Trust Co. has a Return on Equity of 7.35% 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
Wayne Bank and Trust Co. U.S. Bank Average
11.31% 12.68%

Wayne Bank and Trust Co. has a Capitalization of 11.31% 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.

Wayne Bank and Trust Co. Balance Sheet Analysis

As of March 31, 2020, Wayne Bank and Trust Co. had assets of $167,881,000, loans of $136,159,000, and deposits of $143,327,000. 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 $ 2.40 million
Interest-bearing balances N.A.
Total securities $ 21.78 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 136.16 million
Loan loss allowance $ 1.70 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.01 million
Goodwill and other intangibles $ 0.54 million
All other assets $ 5.53 million
     Total Assets $ 148.89 million
LIABILITIES
Total deposits $ 143.33 million
      Interest-bearing deposits $ 124.95 million
      Deposits held in domestic offices $ 143.33 million
      % insured (estimated) 81.95%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 4.92 million
Subordinated debt N.A.
All other liabilities $ 0.65 million
      Total Liabilities $ 148.89 million
      Shareholders’ Equity $ 18.99 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.92 million
Total Interest Expense $ 0.31 million
Net interest income $ 1.61 million
Provision for loan and lease losses $ 0.03 million
Total non interest income $ 0.28 million
Total non interest expense $ 1.51 million
Pre-tax Net Operating Income $ 0.35 million

Bank Loan Profile?

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

Compared to other banks in Indiana, Wayne Bank and Trust Co. has a significantly higher percent of Credit Card 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 38.08
Multifamily
Mortgages
4.70
Credit Card Loans 0.60
Consumer Auto Loans 4.28
Small Business Loans 0.00
Construction and Development Loans 7.85
Commercial Real Estate 28.16
Commercial and Industrial Loans 6.80
Farm Loans 0.17

Frequently Asked Questions About Wayne Bank And Trust Co.

Branches and Savings

Is Wayne Bank And Trust Co. FDIC insured?

Yes. It is covered under FDIC Certificate #1849.

Why does Wayne Bank And Trust Co. pay such low interest on savings accounts?

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

Why are Wayne Bank And Trust Co. CD rates not competitive?

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

Is Wayne Bank And Trust Co. a commercial bank?

Yes

Where are Wayne Bank And Trust Co. locations?

See branch locations nearby.

Is Wayne Bank And Trust Co. open on Saturdays?

Is Wayne Bank And Trust Co. open on Sundays?

What time does Wayne Bank And Trust Co. open?

What time does Wayne Bank And Trust Co. close?

Are Wayne Bank And Trust Co. ATMs Open 24/7?

Do Wayne Bank And Trust Co. ATMs accept cash deposits?

Can Wayne Bank And Trust Co. customers use other ATMs?

Do Wayne Bank And Trust Co. branches have notaries?

Will Wayne Bank And Trust Co. notarize my document?

What address for Wayne Bank And Trust Co. should I put for incoming ACH transfers?

Will the Wayne Bank And Trust Co. branch print checks?

Do Wayne Bank And Trust Co. checks expire?

Does Wayne Bank And Trust Co. require US citizenship to open account?

Can Wayne Bank And Trust Co. close my account?

Does Wayne Bank And Trust Co. Report to credit bureaus?

Does Wayne Bank And Trust Co. Use Equifax?

What is Wayne Bank And Trust Co.'s ACH Routing Number?

What is Wayne Bank And Trust Co.'s SWIFT code?

Products

Does Wayne Bank And Trust Co. offer mortgages?

Compare mortgage rates here.

Does Wayne Bank And Trust Co. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Wayne Bank And Trust Co. offer personal loans?

Compare personal loan rates here.

Does Wayne Bank And Trust Co. offer student loans?

Will Wayne Bank And Trust Co. cash a check?

Will Wayne Bank And Trust Co. redeem a savings bond?

Does Wayne Bank And Trust Co. cash savings bonds?

Will Wayne Bank And Trust Co. cash money orders?

Can Wayne Bank And Trust Co. issue a money order?

Does Wayne Bank And Trust Co. do currency exchange?

Background on The Bank

Who owns Wayne Bank And Trust Co.?

How long has Wayne Bank And Trust Co. been around?

Can Wayne Bank And Trust Co. transfer to other banks?

Does Wayne Bank And Trust Co. have quick pay?

Does Wayne Bank And Trust Co. accept rolled coins?

Will Wayne Bank And Trust Co. accept loose change?

Where is Wayne Bank And Trust Co. headquarters?

Customer Reviews for Wayne Bank and Trust Co.

There are currently no comments for Wayne Bank and Trust Co.. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →