Webster Bank, National Association

Webster Plaza
Waterbury, CT 06702

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 18221
Date Established 1870
Assets $27.04 billion
Loans $17.84 billion
Deposits $21.60 billion
Capital $2.57 billion

Webster Bank, National Association is an FDIC insured institution located in Waterbury, CT. It was founded in 1870 and has approximately $27.04 billion in assets. Customers can open an account at one of its 184 branches.

For a more detailed analysis of Webster Bank, National Association'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 Webster Bank, National Association’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Connecticut, Webster Bank, National Association 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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 38.04
Multifamily
Mortgages
5.34
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 2.81
Construction and Development Loans 1.79
Commercial Real Estate 19.35
Commercial and Industrial Loans 31.29
Farm Loans 0.00

Deposit Rates - November 12, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $1 $9,999 Learn MoreShow Less
Money Market
0.10% $10,000 $24,999 Learn MoreShow Less
Money Market
0.15% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.20% $2,500 $19,999 Learn MoreShow Less
3 Mo CD
0.20% $50,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.30% $1 $2,499 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.10% $1 $9,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $1 - Learn MoreShow Less
Checking Rates APY MIN FEE
Webster Value Checking 0.00% $1,000 $11.95 Learn MoreShow Less
WebsterOne Relationship Checking 0.00% $4,000 $16.95 Learn MoreShow Less

Loan Rates - November 12, 2018

Your Current Location: Virginia, VA 20146

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

Webster Bank, National Association 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


Webster Bank, National Association Locations

Financial Details

Webster Bank, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Webster Bank, National Association. 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
Webster Bank, National Association U.S. Bank Average
5.25% 7.92%

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, 2018, Webster Bank, National Association had $140,238,000 in non-current loans and $5,812,000 in owned real estate. To cover these potential losses it had $2,574,250,000 in equity and $207,322,000 in loans loss reserves. That gives it a Texas Ratio of 5.25%.

Return on Equity
Webster Bank, National Association U.S. Bank Average
13.52% 9.77%

Webster Bank, National Association has a Return on Equity of 13.52% versus the BestCashCow average of 9.77%. 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
Webster Bank, National Association U.S. Bank Average
9.52% 12.31%

Webster Bank, National Association has a Capitalization of 9.52% versus the BestCashCow average of 12.31. 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.

Webster Bank, National Association Balance Sheet Analysis

As of June 30, 2018, Webster Bank, National Association had assets of $27,044,965,000, loans of $17,836,963,000, and deposits of $21,597,698,000. 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, 2018
ASSETS
Cash & Balances due from depository institutions $0.30 billion
Interest-bearing balances $0.16 billion
Total securities $7.14 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $17.84 billion
Loan loss allowance $0.21 billion
Trading account assets $0.01 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.01 billion
Goodwill and other intangibles $0.59 billion
All other assets $1.04 billion
     Total Assets $24.47 billion
LIABILITIES
Total deposits $21.60 billion
      Interest-bearing deposits $17.40 billion
      Deposits held in domestic offices $21.52 billion
      % insured (estimated) 74.12%
Federal funds purchased and repurchase agreements $0.86 billion
Trading liabilities $0.07 billion
Other borrowed funds $1.73 billion
Subordinated debt $0.00 billion
All other liabilities $0.21 billion
      Total Liabilities $24.47 billion
      Shareholders’ Equity $2.57 billion

Summary Income Statement

June 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.51 billion
Total Interest Expense $0.06 billion
Net interest income $0.44 billion
Provision for loan and lease losses $0.02 billion
Total non interest income $0.13 billion
Total non interest expense $0.34 billion
Pre-tax Net Operating Income $0.21 billion

Frequently Asked Questions About Webster Bank, National Association

Branches and Savings

Is Webster Bank, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #18221.

Why does Webster Bank, National Association pay such low interest on savings accounts?

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

Why are Webster Bank, National Association CD rates not competitive?

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

Is Webster Bank, National Association a commercial bank?

Yes

Where are Webster Bank, National Association locations?

See branch locations nearby.

Is Webster Bank, National Association open on Saturdays?

Is Webster Bank, National Association open on Sundays?

What time does Webster Bank, National Association open?

What time does Webster Bank, National Association close?

Are Webster Bank, National Association ATMs Open 24/7?

Do Webster Bank, National Association ATMs accept cash deposits?

Can Webster Bank, National Association customers use other ATMs?

Do Webster Bank, National Association branches have notaries?

Will Webster Bank, National Association notarize my document?

What address for Webster Bank, National Association should I put for incoming ACH transfers?

Will the Webster Bank, National Association branch print checks?

Do Webster Bank, National Association checks expire?

Does Webster Bank, National Association require US citizenship to open account?

Can Webster Bank, National Association close my account?

Does Webster Bank, National Association Report to credit bureaus?

Does Webster Bank, National Association Use Equifax?

What is Webster Bank, National Association's ACH Routing Number?

What is Webster Bank, National Association's SWIFT code?

Products

Does Webster Bank, National Association offer mortgages?

Compare mortgage rates here.

Does Webster Bank, National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Webster Bank, National Association offer personal loans?

Compare personal loan rates here.

Does Webster Bank, National Association offer student loans?

Will Webster Bank, National Association cash a check?

Will Webster Bank, National Association redeem a savings bond?

Does Webster Bank, National Association cash savings bonds?

Will Webster Bank, National Association cash money orders?

Can Webster Bank, National Association issue a money order?

Does Webster Bank, National Association do currency exchange?

Background on The Bank

Who owns Webster Bank, National Association?

How long has Webster Bank, National Association been around?

Can Webster Bank, National Association transfer to other banks?

Does Webster Bank, National Association have quick pay?

Does Webster Bank, National Association accept rolled coins?

Will Webster Bank, National Association accept loose change?

Where is Webster Bank, National Association headquarters?

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