WCF Financial Bank

401 Fair Meadow Drive
Webster City, IA 50595

 

2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 28989
Date Established 1934
Assets $0.13 billion
Loans $0.06 billion
Deposits $0.08 billion
Capital $0.02 billion

WCF Financial Bank is an FDIC insured institution located in Webster City, IA. It was founded in 1934 and has approximately $0.13 billion in assets. Customers can open an account at one of its 2 branches.

For a more detailed analysis of WCF Financial 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 WCF Financial Bank’s loan portfolio are 1-4 Family Residential Loans, Consumer Auto Loans, and Small Business Loans.

Compared to other banks in Iowa, WCF Financial Bank has a significantly higher percent of 1-4 Family Residential Loans, Consumer Auto 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 85.33
Multifamily
Mortgages
0.49
Credit Card Loans 0.00
Consumer Auto Loans 7.02
Small Business Loans 1.76
Construction and Development Loans 1.53
Commercial Real Estate 1.76
Commercial and Industrial Loans 0.02
Farm Loans 0.00

Deposit Rates - April 21, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.30% $500 $4,999 Learn MoreShow Less
Money Market
0.50% $5,000 $24,999 Learn MoreShow Less
Money Market
0.70% $25,000 $9,999,999 Learn MoreShow Less
Money Market
0.70% $25,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.50% $1,000 - Learn MoreShow Less
Special: 6 Mo CD
2.52% $1,000 - Learn MoreShow Less
6 Mo CD
0.60% $1,000 - Learn MoreShow Less
12 Mo CD
0.80% $1,000 - Learn MoreShow Less
18 Mo CD
0.92% $1,000 - Learn MoreShow Less
24 Mo CD
0.99% $1,000 - Learn MoreShow Less
30 Mo CD
1.03% $1,000 - Learn MoreShow Less
36 Mo CD
1.05% $1,000 - Learn MoreShow Less
48 Mo CD
1.12% $1,000 - Learn MoreShow Less
60 Mo CD
1.18% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.80% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $100 - Learn MoreShow Less

Loan Rates - April 21, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for WCF Financial 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
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.375% 5.375% 0.00 $0 $1,400 Learn More
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: MC-1875
4.030% 4.000% 0.38 $892 $1,194 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info

Note to WCF Financial Bank
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Branches

WCF Financial 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:
Ashburn,Virginia


WCF Financial Bank Locations


Financial Details

WCF Financial Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of WCF Financial 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
WCF Financial Bank U.S. Bank Average
5.33% 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, WCF Financial Bank had $613,000 in non-current loans and $421,000 in owned real estate. To cover these potential losses it had $18,875,000 in equity and $509,000 in loans loss reserves. That gives it a Texas Ratio of 5.33%.

Return on Equity
WCF Financial Bank U.S. Bank Average
1.62% 8.80%

WCF Financial Bank has a Return on Equity of 1.62% 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
WCF Financial Bank U.S. Bank Average
14.45% 12.29%

WCF Financial Bank has a Capitalization of 14.45% 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.

WCF Financial Bank Balance Sheet Analysis

As of December 31, 2018, WCF Financial Bank had assets of $130,622,000, loans of $63,795,000, and deposits of $84,774,000. 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 $0.00 billion
Total securities $0.04 billion
Federal funds sold and reverse repurchase $0.01 billion
Net loans and leases $0.06 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 $0.11 billion
LIABILITIES
Total deposits $0.08 billion
      Interest-bearing deposits $0.08 billion
      Deposits held in domestic offices $0.08 billion
      % insured (estimated) 88.65%
Federal funds purchased and repurchase agreements $0.00 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 $0.11 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

December 31, 2018
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

Frequently Asked Questions About Wcf Financial Bank

Branches and Savings

Is Wcf Financial Bank FDIC insured?

Yes. It is covered under FDIC Certificate #28989.

Why does Wcf Financial Bank pay such low interest on savings accounts?

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

Why are Wcf Financial Bank CD rates not competitive?

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

Is Wcf Financial Bank a commercial bank?

Yes

Where are Wcf Financial Bank locations?

See branch locations nearby.

Is Wcf Financial Bank open on Saturdays?

Is Wcf Financial Bank open on Sundays?

What time does Wcf Financial Bank open?

What time does Wcf Financial Bank close?

Are Wcf Financial Bank ATMs Open 24/7?

Do Wcf Financial Bank ATMs accept cash deposits?

Can Wcf Financial Bank customers use other ATMs?

Do Wcf Financial Bank branches have notaries?

Will Wcf Financial Bank notarize my document?

What address for Wcf Financial Bank should I put for incoming ACH transfers?

Will the Wcf Financial Bank branch print checks?

Do Wcf Financial Bank checks expire?

Does Wcf Financial Bank require US citizenship to open account?

Can Wcf Financial Bank close my account?

Does Wcf Financial Bank Report to credit bureaus?

Does Wcf Financial Bank Use Equifax?

What is Wcf Financial Bank's ACH Routing Number?

What is Wcf Financial Bank's SWIFT code?

Products

Does Wcf Financial Bank offer mortgages?

Compare mortgage rates here.

Does Wcf Financial Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Wcf Financial Bank offer personal loans?

Compare personal loan rates here.

Does Wcf Financial Bank offer student loans?

Will Wcf Financial Bank cash a check?

Will Wcf Financial Bank redeem a savings bond?

Does Wcf Financial Bank cash savings bonds?

Will Wcf Financial Bank cash money orders?

Can Wcf Financial Bank issue a money order?

Does Wcf Financial Bank do currency exchange?

Background on The Bank

Who owns Wcf Financial Bank?

How long has Wcf Financial Bank been around?

Can Wcf Financial Bank transfer to other banks?

Does Wcf Financial Bank have quick pay?

Does Wcf Financial Bank accept rolled coins?

Will Wcf Financial Bank accept loose change?

Where is Wcf Financial Bank headquarters?

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