West End Bank, S.B.

Headquarters

34 S 7th Street
Richmond, IN 47374
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.40% →
1-Year CD 0.65% 1.15% →
2-Year CD 0.85% 1.26% →
5-Year CD 1.20% 1.60% →
30-Year Mortgage N.A. 3.09% →
15-Year Mortgage N.A. 2.59% →
HELOC N.A. 2.77% →

2020 Overview

General Bank Information

West End Bank, S.B. is an FDIC insured institution located in Richmond, IN. It was founded in 1893 and has approximately $0.29 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 28807
Date Established 1893
Assets $ 287.99 million
Loans $ 243.17 million
Deposits $ 204.42 million
Capital $ 30.65 million
 

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

Deposit Rates - July 4, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $300 - Learn More
Money Market
0.20% $501 $9,000 Learn More
Money Market
0.30% $9,001 $18,000 Learn More
Money Market
0.40% $18,001 $100,000 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.35% $500 - Learn More
12 Mo CD
0.65% $500 - Learn More
18 Mo CD
0.70% $500 - Learn More
24 Mo CD
0.85% $500 - Learn More
36 Mo CD
1.00% $500 - Learn More
48 Mo CD
1.10% $500 - Learn More
60 Mo CD
1.20% $500 - Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.70% $50 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $500 - Learn MoreShow Less

Loan Rates - July 4, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for West End Bank, S.B.

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.039% 3.000% 0.50 $1,250 $1,055 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
PenFed Credit Union
PenFed Credit Union
3.750 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
4.000 %
$0 Learn More
More Info

Note to West End Bank, S.B.
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

West End Bank, S.B. 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:
Fairfield,Connecticut


West End Bank, S.B. Locations


Financial Details

West End Bank, S.B. Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of West End Bank, S.B.. 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 End Bank, S.B. U.S. Bank Average
10.53% 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 End Bank, S.B. had $3,417,000 in non-current loans and $85,000 in owned real estate. To cover these potential losses it had $30,647,000 in equity and $2,600,000 in loans loss reserves. That gives it a Texas Ratio of 10.53%.

Return on Equity
West End Bank, S.B. U.S. Bank Average
3.41% 9.41%

West End Bank, S.B. has a Return on Equity of 3.41% 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 End Bank, S.B. U.S. Bank Average
10.64% 12.82%

West End Bank, S.B. has a Capitalization of 10.64% 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 End Bank, S.B. Balance Sheet Analysis

As of December 31, 2019, West End Bank, S.B. had assets of $287,986,000, loans of $243,173,000, and deposits of $204,420,000. 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 $ 7.36 million
Interest-bearing balances $ 3.80 million
Total securities $ 14.30 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 243.17 million
Loan loss allowance $ 2.60 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.09 million
Goodwill and other intangibles $ 0.66 million
All other assets $ 14.00 million
     Total Assets $ 257.34 million
LIABILITIES
Total deposits $ 204.42 million
      Interest-bearing deposits $ 177.83 million
      Deposits held in domestic offices $ 204.42 million
      % insured (estimated) 88.57%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 51.50 million
Subordinated debt N.A.
All other liabilities $ 1.42 million
      Total Liabilities $ 257.34 million
      Shareholders’ Equity $ 30.65 million

Summary Income Statement

December 31, 2019
INCOME AND EXPENSES
Total Interest Income $ 15.11 million
Total Interest Expense $ 3.57 million
Net interest income $ 11.54 million
Provision for loan and lease losses $ 1.30 million
Total non interest income $ 1.53 million
Total non interest expense $ 10.47 million
Pre-tax Net Operating Income $ 1.31 million

Bank Loan Profile?

The top three loan types in West End Bank, S.B.’s loan portfolio are Consumer Auto Loans, 1-4 Family Residential Loans, and Commercial Real Estate.

Compared to other banks in Indiana, West End Bank, S.B. has a significantly higher percent of Multifamily Mortgages, Consumer Auto 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 28.30
Multifamily
Mortgages
6.76
Credit Card Loans 0.21
Consumer Auto Loans 39.22
Small Business Loans 9.44
Construction and Development Loans 2.25
Commercial Real Estate 18.53
Commercial and Industrial Loans 4.91
Farm Loans 0.24

Frequently Asked Questions About West End Bank, S.b.

Branches and Savings

Is West End Bank, S.b. FDIC insured?

Yes. It is covered under FDIC Certificate #28807.

Why does West End Bank, S.b. pay such low interest on savings accounts?

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

Why are West End Bank, S.b. CD rates not competitive?

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

Is West End Bank, S.b. a commercial bank?

Yes

Where are West End Bank, S.b. locations?

See branch locations nearby.

Is West End Bank, S.b. open on Saturdays?

Is West End Bank, S.b. open on Sundays?

What time does West End Bank, S.b. open?

What time does West End Bank, S.b. close?

Are West End Bank, S.b. ATMs Open 24/7?

Do West End Bank, S.b. ATMs accept cash deposits?

Can West End Bank, S.b. customers use other ATMs?

Do West End Bank, S.b. branches have notaries?

Will West End Bank, S.b. notarize my document?

What address for West End Bank, S.b. should I put for incoming ACH transfers?

Will the West End Bank, S.b. branch print checks?

Do West End Bank, S.b. checks expire?

Does West End Bank, S.b. require US citizenship to open account?

Can West End Bank, S.b. close my account?

Does West End Bank, S.b. Report to credit bureaus?

Does West End Bank, S.b. Use Equifax?

What is West End Bank, S.b.'s ACH Routing Number?

What is West End Bank, S.b.'s SWIFT code?

Products

Does West End Bank, S.b. offer mortgages?

Compare mortgage rates here.

Does West End Bank, S.b. offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does West End Bank, S.b. offer personal loans?

Compare personal loan rates here.

Does West End Bank, S.b. offer student loans?

Will West End Bank, S.b. cash a check?

Will West End Bank, S.b. redeem a savings bond?

Does West End Bank, S.b. cash savings bonds?

Will West End Bank, S.b. cash money orders?

Can West End Bank, S.b. issue a money order?

Does West End Bank, S.b. do currency exchange?

Background on The Bank

Who owns West End Bank, S.b.?

How long has West End Bank, S.b. been around?

Can West End Bank, S.b. transfer to other banks?

Does West End Bank, S.b. have quick pay?

Does West End Bank, S.b. accept rolled coins?

Will West End Bank, S.b. accept loose change?

Where is West End Bank, S.b. headquarters?

Customer Reviews for West End Bank, S.B.

There are currently no comments for West End Bank, S.B.. Be the first to share your experience. Please provide comments that will help others.

Add Your Review

Rate it here →