West Alabama Bank & Trust

Headquarters

509 First Avenue West
Reform, AL 35481
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.60% →
1-Year CD 0.50% 1.55% →
2-Year CD 0.60% 1.45% →
5-Year CD 0.75% 1.66% →
30-Year Mortgage N.A. 3.08% →
15-Year Mortgage N.A. 2.65% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

West Alabama Bank & Trust is an FDIC insured institution located in Reform, AL. It was founded in 1944 and has approximately $0.64 billion in assets. Customers can open an account at one of its 14 branches.

FDIC Insured Yes
FDIC Certificate # 16175
Date Established 1944
Assets $ 644.05 million
Loans $ 392.28 million
Deposits $ 525.43 million
Capital $ 89.77 million
 

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

Deposit Rates - May 31, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $250 - Learn More
Money Market
0.20% $2,000 $9,999 Learn More
Money Market
0.25% $10,000 $24,999 Learn More
Money Market
0.50% $25,000 - Learn More
CD Rates APY MIN MAX
3 Mo CD
0.15% $1,000 - Learn More
6 Mo CD
0.25% $1,000 - Learn More
12 Mo CD
0.50% $1,000 - Learn More
24 Mo CD
0.60% $1,000 - Learn More
36 Mo CD
0.75% $1,000 - Learn More
48 Mo CD
0.75% $1,000 - Learn More
60 Mo CD
0.75% $1,000 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.50% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.25% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1,000 - Learn MoreShow Less

Loan Rates - May 31, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for West Alabama Bank & Trust

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 2020

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.998% 3.875% 1.00 $3,750 $1,176 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.114% 3.990% 1.00 $3,750 $1,193 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.952% 2.875% 1.00 $2,485 $1,038 Learn More

Note to West Alabama Bank & Trust
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Branches

West Alabama Bank & Trust 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


West Alabama Bank & Trust Locations


Financial Details

West Alabama Bank & Trust Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of West Alabama Bank & Trust. 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
Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
West Alabama Bank & Trust U.S. Bank Average
1.21% 6.51%

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 December 31, 2019, West Alabama Bank & Trust had $1,136,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $89,765,000 in equity and $4,216,000 in loans loss reserves. That gives it a Texas Ratio of 1.21%.

Return on Equity
West Alabama Bank & Trust U.S. Bank Average
8.3% 9.41%

West Alabama Bank & Trust has a Return on Equity of 8.3% versus the BestCashCow average of 9.41%. 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
West Alabama Bank & Trust U.S. Bank Average
13.94% 12.82%

West Alabama Bank & Trust has a Capitalization of 13.94% versus the BestCashCow average of 12.82. 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.

West Alabama Bank & Trust Balance Sheet Analysis

As of December 31, 2019, West Alabama Bank & Trust had assets of $644,050,000, loans of $392,282,000, and deposits of $525,425,000. 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

December 31, 2019
ASSETS
Cash & Balances due from depository institutions $ 10.56 million
Interest-bearing balances $ 5.31 million
Total securities $ 189.28 million
Federal funds sold and reverse repurchase $ 4.41 million
Net loans and leases $ 392.28 million
Loan loss allowance $ 4.22 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 7.07 million
All other assets $ 28.04 million
     Total Assets $ 554.29 million
LIABILITIES
Total deposits $ 525.43 million
      Interest-bearing deposits $ 499.18 million
      Deposits held in domestic offices $ 525.43 million
      % insured (estimated) 83.97%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 25.00 million
Subordinated debt N.A.
All other liabilities $ 3.86 million
      Total Liabilities $ 554.29 million
      Shareholders’ Equity $ 89.77 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 26.41 million
Total Interest Expense $ 6.32 million
Net interest income $ 20.10 million
Provision for loan and lease losses $ 0.82 million
Total non interest income $ 5.87 million
Total non interest expense $ 16.20 million
Pre-tax Net Operating Income $ 8.94 million

Bank Loan Profile?

The top three loan types in West Alabama Bank & Trust’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks, West Alabama Bank & Trust’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 22.30
Multifamily
Mortgages
0.85
Credit Card Loans 0.00
Consumer Auto Loans 0.78
Small Business Loans 10.92
Construction and Development Loans 13.47
Commercial Real Estate 31.01
Commercial and Industrial Loans 13.13
Farm Loans 2.56

Frequently Asked Questions About West Alabama Bank & Trust

Branches and Savings

Is West Alabama Bank & Trust FDIC insured?

Yes. It is covered under FDIC Certificate #16175.

Why does West Alabama Bank & Trust pay such low interest on savings accounts?

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

Why are West Alabama Bank & Trust CD rates not competitive?

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

Is West Alabama Bank & Trust a commercial bank?

Yes

Where are West Alabama Bank & Trust locations?

See branch locations nearby.

Is West Alabama Bank & Trust open on Saturdays?

Is West Alabama Bank & Trust open on Sundays?

What time does West Alabama Bank & Trust open?

What time does West Alabama Bank & Trust close?

Are West Alabama Bank & Trust ATMs Open 24/7?

Do West Alabama Bank & Trust ATMs accept cash deposits?

Can West Alabama Bank & Trust customers use other ATMs?

Do West Alabama Bank & Trust branches have notaries?

Will West Alabama Bank & Trust notarize my document?

What address for West Alabama Bank & Trust should I put for incoming ACH transfers?

Will the West Alabama Bank & Trust branch print checks?

Do West Alabama Bank & Trust checks expire?

Does West Alabama Bank & Trust require US citizenship to open account?

Can West Alabama Bank & Trust close my account?

Does West Alabama Bank & Trust Report to credit bureaus?

Does West Alabama Bank & Trust Use Equifax?

What is West Alabama Bank & Trust's ACH Routing Number?

What is West Alabama Bank & Trust's SWIFT code?

Products

Does West Alabama Bank & Trust offer mortgages?

Compare mortgage rates here.

Does West Alabama Bank & Trust offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does West Alabama Bank & Trust offer personal loans?

Compare personal loan rates here.

Does West Alabama Bank & Trust offer student loans?

Will West Alabama Bank & Trust cash a check?

Will West Alabama Bank & Trust redeem a savings bond?

Does West Alabama Bank & Trust cash savings bonds?

Will West Alabama Bank & Trust cash money orders?

Can West Alabama Bank & Trust issue a money order?

Does West Alabama Bank & Trust do currency exchange?

Background on The Bank

Who owns West Alabama Bank & Trust?

How long has West Alabama Bank & Trust been around?

Can West Alabama Bank & Trust transfer to other banks?

Does West Alabama Bank & Trust have quick pay?

Does West Alabama Bank & Trust accept rolled coins?

Will West Alabama Bank & Trust accept loose change?

Where is West Alabama Bank & Trust headquarters?

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