215 South State Street, Suite 1000
Salt Lake City, UT 84111
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 0.65% →
1-Year CD 0.25% 0.70% →
2-Year CD 0.25% 0.75% →
5-Year CD 0.25% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

WebBank is an FDIC insured institution located in Salt Lake City, UT. It was founded in 1997 and has approximately $3.16 billion in assets.

FDIC Insured Yes
FDIC Certificate # 34404
Date Established 1997
Assets $ 3.16 billion
Loans $ 2.89 billion
Deposits $ 433.26 million
Capital $ 223.22 million

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 - July 31, 2021

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Online Savings Account
0.25% $1,000 - Learn More
6-Month CD
0.10% $2,500 - Learn More
1-Year CD
0.25% $2,500 - Learn More
24-Month CD
0.25% $2,500 - Learn More
36-Month CD
0.25% $2,500 - Learn More
60-Month CD
0.25% $2,500 - Learn More


Loan Rates - July 31, 2021

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
3.349% 3.250%
0.75 points
$3,125 fees
$1,089 Learn More
NMLS ID: 2890
License#: 13256
2.534% 2.500%
0.50 points
$1,132 fees
$988 Learn More
CIT Bank
NMLS ID: 541760
2.812% 2.750%
0.75 points
$2,015 fees
$1,021 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
4.840 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to WebBank
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WebBank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

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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
1.97% 5.29%

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, 2021, WebBank had $4,798,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $223,224,000 in equity and $19,984,000 in loans loss reserves. That gives it a Texas Ratio of 1.97%.

Return on Equity
WebBank U.S. Bank Average
28.67% 11.43%

WebBank has a Return on Equity of 28.67% versus the BestCashCow average of 11.43%. 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.

WebBank U.S. Bank Average
7.07% 11.51%

WebBank has a Capitalization of 7.07% versus the BestCashCow average of 11.51. 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 March 31, 2021, WebBank had assets of $3,157,124,000, loans of $2,890,098,000, and deposits of $433,257,000. 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, 2021
Cash & Balances due from depository institutions $ 163.22 million
Interest-bearing balances $ 161.31 million
Total securities $ 17.19 million
Federal funds sold and reverse repurchase $ 2.44 million
Net loans and leases $ 2.89 billion
Loan loss allowance $ 19.98 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 8.39 million
All other assets $ 71.03 million
     Total Assets $ 2.93 billion
Total deposits $ 433.26 million
      Interest-bearing deposits $ 404.80 million
      Deposits held in domestic offices $ 433.26 million
      % insured (estimated) 80.35%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 2.47 billion
Subordinated debt N.A.
All other liabilities $ 34.62 million
      Total Liabilities $ 2.93 billion
      Shareholders’ Equity $ 223.22 million

Summary Income Statement

March 31, 2021
Total Interest Income $ 21.36 million
Total Interest Expense $ 2.23 million
Net interest income $ 19.13 million
Provision for loan and lease losses N.A.
Total non interest income $ 12.56 million
Total non interest expense $ 11.34 million
Pre-tax Net Operating Income $ 21.06 million

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 in Utah, WebBank has a significantly higher percent of Commercial and Industrial 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 0.00
Credit Card Loans 1.43
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.03
Commercial and Industrial Loans 93.48
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?


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?


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 3, 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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