215 S State St
Salt Lake City, UT 84111
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.25% 5.02% →
1-Year CD 0.25% 5.25% →
2-Year CD 0.25% 5.10% →
5-Year CD 0.25% 4.50% →
30-Year Mortgage N.A. 0.00% →
15-Year Mortgage N.A. 0.00% →
HELOC N.A. 0.99% →

2023 Overview

General Bank Information

WebBank is an FDIC insured institution located in Salt Lake City, UT. It was founded in 1997 and has approximately $1.63 billion in assets.

FDIC Insured Yes
FDIC Certificate # 34404
Date Established 1997
Assets $ 1,631.39 million
Loans $ 1,300.29 million
Deposits $ 1,431.55 million
Capital $ 278.09 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 - March 29, 2023

Your Current Location: Virginia, VA 20146

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 - March 29, 2023

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 2023

Lender APR Rate (%) Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
6.770% 6.625%
1.00 points
$3,750 fees
$1,601 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
7.010% 6.875%
0.88 points
$3,438 fees
$1,643 Learn More
NMLS ID: 2890
License#: MC-3098
5.977% 5.875%
0.75 points
$2,778 fees
$1,479 Learn More
NMLS ID: Not lender

Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2023

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 7.490 %
After Intro: 8.500 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
6.990 %
$0 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.


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:

WebBank Locations

Climate Initiatives

WebBank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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
2.62% 8.03%

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 September 30, 2022, WebBank had $7,840,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $278,087,000 in equity and $21,377,000 in loans loss reserves. That gives it a Texas Ratio of 2.62%.

Return on Equity
WebBank U.S. Bank Average
16.42% 10.00%

WebBank has a Return on Equity of 16.42% versus the BestCashCow average of 10.00%. 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
17.05% 9.96%

WebBank has a Capitalization of 17.05% versus the BestCashCow average of 9.96. 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 September 30, 2022, WebBank had assets of $1,631,388,000, loans of $1,300,285,000, and deposits of $1,431,549,000. 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

September 30, 2022
Cash & Balances due from depository institutions $ 251.73 million
Interest-bearing balances $ 248.98 million
Total securities $ 157.88 million
Federal funds sold and reverse repurchase $ 2.55 million
Net loans and leases $ 1,300.29 million
Loan loss allowance $ 21.38 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 11.87 million
All other assets $ 87.90 million
     Total Assets $ 1,562.65 million
Total deposits $ 1,431.55 million
      Interest-bearing deposits $ 1,396.86 million
      Deposits held in domestic offices $ 1,431.55 million
      % insured (estimated) 89.35%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 120.94 million
Subordinated debt N.A.
All other liabilities $ 59.71 million
      Total Liabilities $ 1,562.65 million
      Shareholders’ Equity $ 68.74 million

Summary Income Statement

September 30, 2022
Total Interest Income $ 114.22 million
Total Interest Expense $ 7.61 million
Net interest income $ 106.61 million
Provision for loan and lease losses $ 11.76 million
Total non interest income $ 35.76 million
Total non interest expense $ 83.98 million
Pre-tax Net Operating Income $ 29.03 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 6.35
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.06
Commercial and Industrial Loans 61.81
Farm Loans 0.00

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.

Add Your Review

Rate it here →