Wells Fargo Bank South Central, National Association

Headquarters

2005 Taylor St
Houston, TX 77007
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Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 5.38% →
2-Year CD N.A. 4.95% →
5-Year CD N.A. 4.55% →
30-Year Mortgage 6.62% 4.91% →
15-Year Mortgage 7.54% 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Wells Fargo Bank South Central, National Association is an FDIC insured institution located in Houston, TX. It was founded in 1894 and has approximately $3.9 billion in assets.

FDIC Insured Yes
FDIC Certificate # 5146
Date Established 1894
Assets $ 3.90 billion
Loans $ 2.40 billion
Deposits $ 2.86 billion
Capital $ 772.27 million
 

For a more detailed analysis of Wells Fargo Bank South Central, National Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - July 25, 2024

Your Current Location: Virginia, VA 20146

Checking Rates APY MIN FEE
Everyday Checking Account 0.00% $1,500 $10.00 Learn MoreShow Less
Preferred Package 0.01% $10,000 $15.00 Learn MoreShow Less
Portfolio by Wells Fargo® 0.05% $1,500 $10.00 Learn MoreShow Less

Loan Rates - July 25, 2024

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

Wells Fargo Bank South Central, 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


Wells Fargo Bank South Central, National Association Locations around zip code 20146


BranchDistance Map View Lobby Hours

Wells Fargo Bank South Central, National Association

1144.03 A View Lobby Hours


Climate Policy and Initiatives

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Financial Details

Wells Fargo Bank South Central, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Wells Fargo Bank South Central, 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
Wells Fargo Bank South Central, National Association U.S. Bank Average
5.17% 4.29%

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, 2024, Wells Fargo Bank South Central, National Association had $38,632,000 in non-current loans and $1,501,000 in owned real estate. To cover these potential losses it had $772,272,000 in equity and $4,712,000 in loans loss reserves. That gives it a Texas Ratio of 5.17%.

Return on Equity
Wells Fargo Bank South Central, National Association U.S. Bank Average
4.95% 10.46%

Wells Fargo Bank South Central, National Association has a Return on Equity of 4.95% versus the BestCashCow average of 10.46%. 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
Wells Fargo Bank South Central, National Association U.S. Bank Average
19.8% 10.73%

Wells Fargo Bank South Central, National Association has a Capitalization of 19.8% versus the BestCashCow average of 10.73. 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.

Wells Fargo Bank South Central, National Association Balance Sheet Analysis

As of March 31, 2024, Wells Fargo Bank South Central, National Association had assets of $3,899,726,000, loans of $2,397,558,000, and deposits of $2,864,803,000. 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, 2024
ASSETS
Cash & Balances due from depository institutions $ 1,444.09 million
Interest-bearing balances $ 1,444.09 million
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 2.40 billion
Loan loss allowance $ 4.71 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.50 million
Goodwill and other intangibles N.A.
All other assets $ 115.70 million
     Total Assets $ 3.13 billion
LIABILITIES
Total deposits $ 2.86 billion
      Interest-bearing deposits $ 2.86 billion
      Deposits held in domestic offices $ 2.86 billion
      % insured (estimated) 85.93%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 81.88 million
      Total Liabilities $ 3.13 billion
      Shareholders’ Equity $ 772.27 million

Summary Income Statement

March 31, 2024
INCOME AND EXPENSES
Total Interest Income $ 40.49 million
Total Interest Expense $ 26.31 million
Net interest income $ 14.18 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.82 million
Total non interest expense $ 4.50 million
Pre-tax Net Operating Income $ 20.73 million

Bank Loan Profile?

The top three loan types in Wells Fargo Bank South Central, National Association’s loan portfolio are 1-4 Family Residential Loans, Multifamily Mortgages, and Credit Card Loans.

Compared to other banks in Texas, Wells Fargo Bank South Central, National Association has a significantly higher percent of 1-4 Family Residential 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 100.00
Multifamily
Mortgages
0.06
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 0.00
Commercial and Industrial Loans 0.00
Farm Loans 0.00

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