WebBank

215 South State Street, Suite 1000
Salt Lake City, UT 84111

Notable Rates APY Vs.Others
Savings 1.95% 2.25% →
1-Year CD 1.95% 2.25% →
2-Year CD 2.00% 2.50% →
5-Year CD 2.00% 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

WebBank is an FDIC insured institution located in Salt Lake City, UT. It was founded in 1997 and has approximately $0.92 billion in assets.

FDIC Insured Yes
FDIC Certificate # 34404
Date Established 1997
Assets $0.92 billion
Loans $0.62 billion
Deposits $0.75 billion
Capital $0.15 billion
 

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

Deposit Rates - December 15, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
CD Rates APY MIN MAX
6-Month CD
1.85% $2,500 - Learn MoreShow Less
1-Year CD
1.95% $2,500 - Learn MoreShow Less
24-Month CD
2.00% $1,000 - Learn MoreShow Less
36-Month CD
2.00% $2,500 - Learn MoreShow Less
60-Month CD
2.00% $2,500 - Learn MoreShow Less


Loan Rates - December 15, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for WebBank

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
Rocket Mortgage
NMLS ID: 3030
4.919% 4.875% 0.00 $1,250 $1,324 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
3.625% 3.625% -0.13 ($222) $1,141 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.034% 4.990% 0.00 $1,250 $1,341 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
3.740 %
$0 Learn More
More Info
Atlantic Union Bank
Atlantic Union Bank
4.750 %
$15,000 Learn More
More Info

Note to WebBank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

WebBank 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


WebBank Locations


Financial Details

WebBank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of WebBank. 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
WebBank U.S. Bank Average
2.77% 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, WebBank had $5,003,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $151,483,000 in equity and $29,436,000 in loans loss reserves. That gives it a Texas Ratio of 2.77%.

Return on Equity
WebBank U.S. Bank Average
28.54% 9.50%

WebBank has a Return on Equity of 28.54% 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.

Capitalization
WebBank U.S. Bank Average
16.38% 12.76%

WebBank has a Capitalization of 16.38% 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.

WebBank Balance Sheet Analysis

As of June 30, 2019, WebBank had assets of $924,603,000, loans of $618,728,000, and deposits of $751,237,000. 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
ASSETS
Cash & Balances due from depository institutions $0.14 billion
Interest-bearing balances $0.14 billion
Total securities $0.06 billion
Federal funds sold and reverse repurchase $0.03 billion
Net loans and leases $0.62 billion
Loan loss allowance $0.03 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 $0.01 billion
All other assets $0.06 billion
     Total Assets $0.77 billion
LIABILITIES
Total deposits $0.75 billion
      Interest-bearing deposits $0.72 billion
      Deposits held in domestic offices $0.75 billion
      % insured (estimated) 87.58%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.02 billion
      Total Liabilities $0.77 billion
      Shareholders’ Equity $0.15 billion

Summary Income Statement

June 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.05 billion
Total Interest Expense $0.01 billion
Net interest income $0.04 billion
Provision for loan and lease losses $0.02 billion
Total non interest income $0.03 billion
Total non interest expense $0.02 billion
Pre-tax Net Operating Income $0.03 billion

Bank Loan Profile?

The top three loan types in WebBank’s loan portfolio are Commercial and Industrial Loans, Credit Card Loans, and Commercial Real Estate.

Compared to other banks, WebBank’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 0.00
Multifamily
Mortgages
0.00
Credit Card Loans 3.03
Consumer Auto Loans 0.00
Small Business Loans 0.04
Construction and Development Loans 0.00
Commercial Real Estate 0.10
Commercial and Industrial Loans 41.21
Farm Loans 0.00

Frequently Asked Questions About Webbank

Branches and Savings

Is Webbank FDIC insured?

Yes. It is covered under FDIC Certificate #34404.

Why does Webbank pay such low interest on savings accounts?

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

Why are Webbank CD rates not competitive?

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

Is Webbank a commercial bank?

Yes

Where are Webbank locations?

See branch locations nearby.

Is Webbank open on Saturdays?

Is Webbank open on Sundays?

What time does Webbank open?

What time does Webbank close?

Are Webbank ATMs Open 24/7?

Do Webbank ATMs accept cash deposits?

Can Webbank customers use other ATMs?

Do Webbank branches have notaries?

Will Webbank notarize my document?

What address for Webbank should I put for incoming ACH transfers?

Will the Webbank branch print checks?

Do Webbank checks expire?

Does Webbank require US citizenship to open account?

Can Webbank close my account?

Does Webbank Report to credit bureaus?

Does Webbank Use Equifax?

What is Webbank's ACH Routing Number?

What is Webbank's SWIFT code?

Products

Does Webbank offer mortgages?

Compare mortgage rates here.

Does Webbank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Webbank offer personal loans?

Compare personal loan rates here.

Does Webbank offer student loans?

Will Webbank cash a check?

Will Webbank redeem a savings bond?

Does Webbank cash savings bonds?

Will Webbank cash money orders?

Can Webbank issue a money order?

Does Webbank do currency exchange?

Background on The Bank

Who owns Webbank?

How long has Webbank been around?

Can Webbank transfer to other banks?

Does Webbank have quick pay?

Does Webbank accept rolled coins?

Will Webbank accept loose change?

Where is Webbank headquarters?

Customer Reviews for WebBank


  • August 13, 2019 |

    Online Savings Rates

    I filled out the application 10 days ago answering all questions and sent a file with a copy of my drivers license to Western Bank. I received an email saying that a banker would call me within one business day. I have yet to ever hear from them. Very unprofessional way of doing business.

  • June 03, 2019 |

    Online Savings Rates

    These jackasses charge $25 for an outgoing ACH transfer. Bankrate failed to disclose this (I saw it advertised there before it was listed on BestCashCow). This isn't an online bank as advertised and neither one of them should be showing it. Webbank is scam.

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