West Central Bank

400 E Buchanan
Ashland, IL 62612

Notable Rates APY Vs.Others
Savings 0.20% 2.25% →
1-Year CD 0.95% 2.25% →
2-Year CD 1.26% 2.50% →
5-Year CD 1.66% 2.80% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2019 Overview

General Bank Information

West Central Bank is an FDIC insured institution located in Ashland, IL. It was founded in 1933 and has approximately $0.18 billion in assets. Customers can open an account at one of its 6 branches.

FDIC Insured Yes
FDIC Certificate # 10853
Date Established 1933
Assets $0.18 billion
Loans $0.15 billion
Deposits $0.16 billion
Capital $0.02 billion

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

Deposit Rates - December 15, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.20% $2,500 - Learn MoreShow Less
Premium Money Market Account
0.25% $10,000 $24,999 Learn MoreShow Less
Premium Money Market Account
0.30% $25,000 $49,999 Learn MoreShow Less
3 Mo CD
0.35% $1,000 - Learn MoreShow Less
6 Mo CD
0.70% $1,000 - Learn MoreShow Less
12 Mo CD
0.95% $1,000 - Learn MoreShow Less
24 Mo CD
1.26% $1,000 - Learn MoreShow Less
36 Mo CD
1.46% $1,000 - Learn MoreShow Less
48 Mo CD
1.56% $1,000 - Learn MoreShow Less
60 Mo CD
1.66% $1,000 - Learn MoreShow Less

Fixed IRA
1.26% $25 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
1.26% $25 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.20% $1,500 - Learn MoreShow Less

Loan Rates - December 15, 2019

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for West Central Bank

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 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
Rocket Mortgage
NMLS ID: 3030
4.919% 4.875% 0.00 $1,250 $1,324 Learn More
NMLS ID: 2890
License#: 13256
3.625% 3.625% -0.13 ($222) $1,141 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.034% 4.990% 0.00 $1,250 $1,341 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
Intro APR
3.990 %
After Intro: 5.000 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
5.000 %
$0 Learn More
More Info

Note to West Central Bank
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West Central Bank 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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West Central Bank Locations

Financial Details

West Central Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of West Central Bank. 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
West Central Bank U.S. Bank Average
6.31% 6.77%

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, 2019, West Central Bank had $587,000 in non-current loans and $716,000 in owned real estate. To cover these potential losses it had $19,674,000 in equity and $977,000 in loans loss reserves. That gives it a Texas Ratio of 6.31%.

Return on Equity
West Central Bank U.S. Bank Average
6.5% 9.50%

West Central Bank has a Return on Equity of 6.5% versus the BestCashCow average of 9.50%. 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.

West Central Bank U.S. Bank Average
10.74% 12.76%

West Central Bank has a Capitalization of 10.74% versus the BestCashCow average of 12.76. 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 Central Bank Balance Sheet Analysis

As of June 30, 2019, West Central Bank had assets of $183,130,000, loans of $150,309,000, and deposits of $155,421,000. 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, 2019
Cash & Balances due from depository institutions $0.01 billion
Interest-bearing balances $0.00 billion
Total securities $0.01 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.15 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.00 billion
     Total Assets $0.16 billion
Total deposits $0.16 billion
      Interest-bearing deposits $0.12 billion
      Deposits held in domestic offices $0.16 billion
      % insured (estimated) 86.33%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.01 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.16 billion
      Shareholders’ Equity $0.02 billion

Summary Income Statement

June 30, 2019
Total Interest Income $0.00 billion
Total Interest Expense $0.00 billion
Net interest income $0.00 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Bank Loan Profile?

The top three loan types in West Central Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Commercial and Industrial Loans.

Compared to other banks, West Central Bank’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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 29.25
Credit Card Loans 0.00
Consumer Auto Loans 4.48
Small Business Loans 7.98
Construction and Development Loans 6.59
Commercial Real Estate 20.32
Commercial and Industrial Loans 15.51
Farm Loans 6.05

Frequently Asked Questions About West Central Bank

Branches and Savings

Is West Central Bank FDIC insured?

Yes. It is covered under FDIC Certificate #10853.

Why does West Central Bank pay such low interest on savings accounts?

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

Why are West Central Bank CD rates not competitive?

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

Is West Central Bank a commercial bank?


Where are West Central Bank locations?

See branch locations nearby.

Is West Central Bank open on Saturdays?

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Will West Central Bank notarize my document?

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Will the West Central Bank branch print checks?

Do West Central Bank checks expire?

Does West Central Bank require US citizenship to open account?

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Does West Central Bank Report to credit bureaus?

Does West Central Bank Use Equifax?

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Does West Central Bank offer mortgages?

Compare mortgage rates here.

Does West Central Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does West Central Bank offer personal loans?

Compare personal loan rates here.

Does West Central Bank offer student loans?

Will West Central Bank cash a check?

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Does West Central Bank cash savings bonds?

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Can West Central Bank issue a money order?

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Background on The Bank

Who owns West Central Bank?

How long has West Central Bank been around?

Can West Central Bank transfer to other banks?

Does West Central Bank have quick pay?

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