West Union Bank


212 Main Street
West Union, WV 26456
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Notable Rates APY Vs.Others
Savings 0.15% 1.60% →
1-Year CD 0.30% 1.55% →
2-Year CD 0.45% 1.45% →
5-Year CD 0.90% 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 Union Bank is an FDIC insured institution located in West Union, WV. It was founded in 1893 and has approximately $0.2 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 2452
Date Established 1893
Assets $ 201.74 million
Loans $ 91.25 million
Deposits $ 174.35 million
Capital $ 18.47 million

For a more detailed analysis of West Union Bank'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
0.15% $100 - Learn More
Money Market
0.15% $1,000 $9,999 Learn More
Money Market
0.16% $10,000 $49,999 Learn More
3 Mo CD
0.10% $500 - Learn More
6 Mo CD
0.15% $500 - Learn More
12 Mo CD
0.30% $500 - Learn More
18 Mo CD
0.30% $500 - Learn More
24 Mo CD
0.45% $500 - Learn More
30 Mo CD
0.50% $500 - Learn More
36 Mo CD
0.60% $500 - Learn More
48 Mo CD
0.75% $500 - Learn More
60 Mo CD
0.90% $500 - Learn More

Fixed IRA
0.40% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $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 Union Bank

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
Learn More
NMLS ID: 2890
License#: MC-3098
2.952% 2.875% 1.00 $2,485 $1,038 Learn More

Note to West Union Bank
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Financial Details

West Union Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of West Union 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
Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info
West Union Bank U.S. Bank Average
1% 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 Union Bank had $197,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $18,472,000 in equity and $1,171,000 in loans loss reserves. That gives it a Texas Ratio of 1%.

Return on Equity
West Union Bank U.S. Bank Average
12.57% 9.41%

West Union Bank has a Return on Equity of 12.57% 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.

West Union Bank U.S. Bank Average
9.16% 12.82%

West Union Bank has a Capitalization of 9.16% 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 Union Bank Balance Sheet Analysis

As of December 31, 2019, West Union Bank had assets of $201,736,000, loans of $91,247,000, and deposits of $174,349,000. 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
Cash & Balances due from depository institutions $ 8.91 million
Interest-bearing balances $ 5.09 million
Total securities $ 93.63 million
Federal funds sold and reverse repurchase $ 0.13 million
Net loans and leases $ 91.25 million
Loan loss allowance $ 1.17 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 4.58 million
     Total Assets $ 183.26 million
Total deposits $ 174.35 million
      Interest-bearing deposits $ 100.09 million
      Deposits held in domestic offices $ 174.35 million
      % insured (estimated) 64.83%
Federal funds purchased and repurchase agreements $ 7.06 million
Trading liabilities N.A.
Other borrowed funds $ 0.37 million
Subordinated debt N.A.
All other liabilities $ 1.49 million
      Total Liabilities $ 183.26 million
      Shareholders’ Equity $ 18.47 million

Summary Income Statement

December 31, 2019
Total Interest Income $ 7.48 million
Total Interest Expense $ 0.65 million
Net interest income $ 6.84 million
Provision for loan and lease losses $ 0.28 million
Total non interest income $ 1.01 million
Total non interest expense $ 4.93 million
Pre-tax Net Operating Income $ 2.64 million

Bank Loan Profile?

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

Compared to other banks in West Virginia, West Union Bank has a significantly higher percent of Multifamily Mortgages 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 20.14
Credit Card Loans 0.00
Consumer Auto Loans 1.77
Small Business Loans 13.61
Construction and Development Loans 4.79
Commercial Real Estate 21.19
Commercial and Industrial Loans 13.11
Farm Loans 0.00

Frequently Asked Questions About West Union Bank

Branches and Savings

Is West Union Bank FDIC insured?

Yes. It is covered under FDIC Certificate #2452.

Why does West Union 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 Union Bank CD rates not competitive?

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

Is West Union Bank a commercial bank?


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Does West Union Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does West Union Bank offer personal loans?

Compare personal loan rates here.

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Background on The Bank

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