West Texas National Bank

#6 Desta Drive
Midland, TX 79705

Notable Rates APY Vs.Others
Savings 0.03% 2.20% →
1-Year CD 1.15% 2.20% →
2-Year CD 1.51% 2.20% →
5-Year CD 1.71% 2.60% →
30-Year Mortgage N.A. 3.31% →
15-Year Mortgage N.A. 2.77% →
HELOC N.A. 4.00% →

2020 Overview

General Bank Information

West Texas National Bank is an FDIC insured institution located in Midland, TX. It was founded in 1979 and has approximately $1.31 billion in assets. Customers can open an account at one of its 11 branches.

FDIC Insured Yes
FDIC Certificate # 22957
Date Established 1979
Assets $1.31 billion
Loans $0.73 billion
Deposits $1.15 billion
Capital $0.15 billion
 

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

Deposit Rates - February 21, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.03% $50 $9,999 Learn MoreShow Less
Money Market
0.03% $10,000 $24,999 Learn MoreShow Less
Money Market
0.03% $25,000 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
0.36% $1,000 $99,999 Learn MoreShow Less
3 Mo CD
0.41% $100,000 - Learn MoreShow Less
1.00% $1,000 $99,999 Learn MoreShow Less
6 Mo CD
1.05% $100,000 - Learn MoreShow Less
1.10% $1,000 $99,999 Learn MoreShow Less
12 Mo CD
1.15% $100,000 - Learn MoreShow Less
1.21% $1,000 $99,999 Learn MoreShow Less
18 Mo CD
1.26% $100,000 - Learn MoreShow Less
1.46% $1,000 $99,999 Learn MoreShow Less
24 Mo CD
1.51% $100,000 - Learn MoreShow Less
1.51% $1,000 $99,999 Learn MoreShow Less
36 Mo CD
1.56% $100,000 - Learn MoreShow Less
1.56% $1,000 $99,999 Learn MoreShow Less
48 Mo CD
1.61% $100,000 - Learn MoreShow Less
1.66% $1,000 $99,999 Learn MoreShow Less
60 Mo CD
1.71% $100,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
1.26% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.03% $2,500 $14,999 Learn MoreShow Less

Loan Rates - February 21, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for West Texas National 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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
4.668% 4.625% 0.00 $1,250 $1,286 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
4.919% 4.875% 0.00 $1,250 $1,324 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
3.375% 3.375% 0.00 ($22) $1,106 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Eastern Bank
Eastern Bank
4.250 %
$25,000 Learn More
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Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
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Third Federal Savings and Loans
Third Federal Savings and Loans
3.740 %
$0 Learn More
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People's United Bank, N.A.
People's United Bank, N.A.
5.000 %
$0 Learn More
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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

Note to West Texas National Bank
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

West Texas National Bank 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 Texas National Bank Locations


Financial Details

West Texas National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of West Texas National 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 Texas National Bank U.S. Bank Average
2.89% 6.70%

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 September 30, 2019, West Texas National Bank had $4,684,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $151,850,000 in equity and $10,306,000 in loans loss reserves. That gives it a Texas Ratio of 2.89%.

Return on Equity
West Texas National Bank U.S. Bank Average
14.16% 9.72%

West Texas National Bank has a Return on Equity of 14.16% versus the BestCashCow average of 9.72%. 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 Texas National Bank U.S. Bank Average
11.62% 12.89%

West Texas National Bank has a Capitalization of 11.62% versus the BestCashCow average of 12.89. 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 Texas National Bank Balance Sheet Analysis

As of September 30, 2019, West Texas National Bank had assets of $1,306,928,000, loans of $728,479,000, and deposits of $1,149,605,000. 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

September 30, 2019
ASSETS
Cash & Balances due from depository institutions $0.11 billion
Interest-bearing balances $0.09 billion
Total securities $0.41 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.73 billion
Loan loss allowance $0.01 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 $0.01 billion
All other assets $0.04 billion
     Total Assets $1.16 billion
LIABILITIES
Total deposits $1.15 billion
      Interest-bearing deposits $0.59 billion
      Deposits held in domestic offices $1.15 billion
      % insured (estimated) 59.66%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.01 billion
      Total Liabilities $1.16 billion
      Shareholders’ Equity $0.15 billion

Summary Income Statement

September 30, 2019
INCOME AND EXPENSES
Total Interest Income $0.04 billion
Total Interest Expense $0.00 billion
Net interest income $0.04 billion
Provision for loan and lease losses $0.01 billion
Total non interest income $0.00 billion
Total non interest expense $0.02 billion
Pre-tax Net Operating Income $0.02 billion

Bank Loan Profile?

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

Compared to other banks in Texas, West Texas National Bank 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 21.14
Multifamily
Mortgages
2.15
Credit Card Loans 0.00
Consumer Auto Loans 0.43
Small Business Loans 1.42
Construction and Development Loans 5.07
Commercial Real Estate 13.93
Commercial and Industrial Loans 49.01
Farm Loans 2.29

Frequently Asked Questions About West Texas National Bank

Branches and Savings

Is West Texas National Bank FDIC insured?

Yes. It is covered under FDIC Certificate #22957.

Why does West Texas National 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 Texas National Bank CD rates not competitive?

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

Is West Texas National Bank a commercial bank?

Yes

Where are West Texas National Bank locations?

See branch locations nearby.

Is West Texas National Bank open on Saturdays?

Is West Texas National Bank open on Sundays?

What time does West Texas National Bank open?

What time does West Texas National Bank close?

Are West Texas National Bank ATMs Open 24/7?

Do West Texas National Bank ATMs accept cash deposits?

Can West Texas National Bank customers use other ATMs?

Do West Texas National Bank branches have notaries?

Will West Texas National Bank notarize my document?

What address for West Texas National Bank should I put for incoming ACH transfers?

Will the West Texas National Bank branch print checks?

Do West Texas National Bank checks expire?

Does West Texas National Bank require US citizenship to open account?

Can West Texas National Bank close my account?

Does West Texas National Bank Report to credit bureaus?

Does West Texas National Bank Use Equifax?

What is West Texas National Bank's ACH Routing Number?

What is West Texas National Bank's SWIFT code?

Products

Does West Texas National Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does West Texas National Bank offer personal loans?

Compare personal loan rates here.

Does West Texas National Bank offer student loans?

Will West Texas National Bank cash a check?

Will West Texas National Bank redeem a savings bond?

Does West Texas National Bank cash savings bonds?

Will West Texas National Bank cash money orders?

Can West Texas National Bank issue a money order?

Does West Texas National Bank do currency exchange?

Background on The Bank

Who owns West Texas National Bank?

How long has West Texas National Bank been around?

Can West Texas National Bank transfer to other banks?

Does West Texas National Bank have quick pay?

Does West Texas National Bank accept rolled coins?

Will West Texas National Bank accept loose change?

Where is West Texas National Bank headquarters?

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