Wayne Savings Community Bank

151 North Market Street
Wooster, OH 44691

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 29847
Date Established 1899
Assets $0.47 billion
Loans $0.38 billion
Deposits $0.39 billion
Capital $0.04 billion

Wayne Savings Community Bank is an FDIC insured institution located in Wooster, OH. It was founded in 1899 and has approximately $0.47 billion in assets. Customers can open an account at one of its 11 branches.

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

Bank Loan Profile?

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

Compared to other banks, Wayne Savings Community Bank’s loan portfolio does not show any specific loan specialty.

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 52.27
Multifamily
Mortgages
3.58
Credit Card Loans 0.00
Consumer Auto Loans 0.37
Small Business Loans 11.23
Construction and Development Loans 2.82
Commercial Real Estate 23.20
Commercial and Industrial Loans 6.56
Farm Loans 0.05

Deposit Rates - April 21, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $2,500 $9,999 Learn MoreShow Less
Money Market
0.12% $10,000 $24,999 Learn MoreShow Less
Money Market
0.15% $25,000 - Learn MoreShow Less
CD Rates APY MIN MAX
6 Mo CD
0.30% $500 - Learn MoreShow Less
12 Mo CD
0.50% $500 - Learn MoreShow Less
18 Mo CD
0.70% $500 - Learn MoreShow Less
24 Mo CD
0.80% $500 - Learn MoreShow Less
36 Mo CD
1.00% $500 - Learn MoreShow Less
48 Mo CD
1.20% $500 - Learn MoreShow Less
60 Mo CD
1.40% $500 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.50% $500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.50% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
1.00% $1 $249,999 Learn MoreShow Less

Loan Rates - April 21, 2019

Your Current Location: Washington, WA 98109

Home Equity Rates APR Rate Monthly Payment
Auto Loan Rates APR Rate Monthly Payment
5 Year 3.28% 2.88% $447.89
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

Wayne Savings Community 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:
Seattle,Washington


Wayne Savings Community Bank Locations


Financial Details

Wayne Savings Community Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Wayne Savings Community 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
Wayne Savings Community Bank U.S. Bank Average
3.76% 6.97%

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 December 31, 2018, Wayne Savings Community Bank had $1,799,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $44,418,000 in equity and $3,383,000 in loans loss reserves. That gives it a Texas Ratio of 3.76%.

Return on Equity
Wayne Savings Community Bank U.S. Bank Average
12.8% 8.80%

Wayne Savings Community Bank has a Return on Equity of 12.8% versus the BestCashCow average of 8.80%. 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 Savings Community Bank U.S. Bank Average
9.39% 12.29%

Wayne Savings Community Bank has a Capitalization of 9.39% versus the BestCashCow average of 12.29. 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 Savings Community Bank Balance Sheet Analysis

As of December 31, 2018, Wayne Savings Community Bank had assets of $473,200,000, loans of $378,243,000, and deposits of $389,652,000. 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, 2018
ASSETS
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.01 billion
Total securities $0.06 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.38 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 $0.02 billion
     Total Assets $0.43 billion
LIABILITIES
Total deposits $0.39 billion
      Interest-bearing deposits $0.33 billion
      Deposits held in domestic offices $0.39 billion
      % insured (estimated) 92.99%
Federal funds purchased and repurchase agreements $0.01 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.03 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.43 billion
      Shareholders’ Equity $0.04 billion

Summary Income Statement

December 31, 2018
INCOME AND EXPENSES
Total Interest Income $0.02 billion
Total Interest Expense $0.00 billion
Net interest income $0.02 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.01 billion

Frequently Asked Questions About Wayne Savings Community Bank

Branches and Savings

Is Wayne Savings Community Bank FDIC insured?

Yes. It is covered under FDIC Certificate #29847.

Why does Wayne Savings Community Bank pay such low interest on savings accounts?

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

Why are Wayne Savings Community Bank CD rates not competitive?

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

Is Wayne Savings Community Bank a commercial bank?

Yes

Where are Wayne Savings Community Bank locations?

See branch locations nearby.

Is Wayne Savings Community Bank open on Saturdays?

Is Wayne Savings Community Bank open on Sundays?

What time does Wayne Savings Community Bank open?

What time does Wayne Savings Community Bank close?

Are Wayne Savings Community Bank ATMs Open 24/7?

Do Wayne Savings Community Bank ATMs accept cash deposits?

Can Wayne Savings Community Bank customers use other ATMs?

Do Wayne Savings Community Bank branches have notaries?

Will Wayne Savings Community Bank notarize my document?

What address for Wayne Savings Community Bank should I put for incoming ACH transfers?

Will the Wayne Savings Community Bank branch print checks?

Do Wayne Savings Community Bank checks expire?

Does Wayne Savings Community Bank require US citizenship to open account?

Can Wayne Savings Community Bank close my account?

Does Wayne Savings Community Bank Report to credit bureaus?

Does Wayne Savings Community Bank Use Equifax?

What is Wayne Savings Community Bank's ACH Routing Number?

What is Wayne Savings Community Bank's SWIFT code?

Products

Does Wayne Savings Community Bank offer mortgages?

Compare mortgage rates here.

Does Wayne Savings Community Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Wayne Savings Community Bank offer personal loans?

Compare personal loan rates here.

Does Wayne Savings Community Bank offer student loans?

Will Wayne Savings Community Bank cash a check?

Will Wayne Savings Community Bank redeem a savings bond?

Does Wayne Savings Community Bank cash savings bonds?

Will Wayne Savings Community Bank cash money orders?

Can Wayne Savings Community Bank issue a money order?

Does Wayne Savings Community Bank do currency exchange?

Background on The Bank

Who owns Wayne Savings Community Bank?

How long has Wayne Savings Community Bank been around?

Can Wayne Savings Community Bank transfer to other banks?

Does Wayne Savings Community Bank have quick pay?

Does Wayne Savings Community Bank accept rolled coins?

Will Wayne Savings Community Bank accept loose change?

Where is Wayne Savings Community Bank headquarters?

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