West Union Bank

212 Main Street
West Union, WV 26456


2019 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 2452
Date Established 1893
Assets $0.19 billion
Loans $0.09 billion
Deposits $0.17 billion
Capital $0.02 billion

West Union Bank is an FDIC insured institution located in West Union, WV. It was founded in 1893 and has approximately $0.19 billion in assets. Customers can open an account at one of its 5 branches.

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 - October 15, 2019

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.15% $1,000 $9,999 Learn MoreShow Less
Money Market
0.25% $10,000 $49,999 Learn MoreShow Less
3 Mo CD
0.10% $500 - Learn MoreShow Less
6 Mo CD
0.15% $500 - Learn MoreShow Less
12 Mo CD
0.30% $500 - Learn MoreShow Less
18 Mo CD
0.30% $500 - Learn MoreShow Less
24 Mo CD
0.45% $500 - Learn MoreShow Less
30 Mo CD
0.50% $500 - Learn MoreShow Less
36 Mo CD
0.60% $500 - Learn MoreShow Less
48 Mo CD
0.75% $500 - Learn MoreShow Less
60 Mo CD
0.90% $500 - Learn MoreShow Less

Fixed IRA
0.40% $100 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.30% $100 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.15% $1,000 - Learn MoreShow Less

Loan Rates - October 15, 2019

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 2890
License#: 13256
3.536% 3.500% 0.50 $1,130 $1,123 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
Third Federal Savings and Loans
Third Federal Savings and Loans
3.990 %
$0 Learn More
More Info

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
West Union Bank U.S. Bank Average
1.71% 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 Union Bank had $324,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $17,729,000 in equity and $1,168,000 in loans loss reserves. That gives it a Texas Ratio of 1.71%.

Return on Equity
West Union Bank U.S. Bank Average
11.5% 9.50%

West Union Bank has a Return on Equity of 11.5% 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 Union Bank U.S. Bank Average
9.39% 12.76%

West Union Bank has a Capitalization of 9.39% 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 Union Bank Balance Sheet Analysis

As of June 30, 2019, West Union Bank had assets of $188,730,000, loans of $94,415,000, and deposits of $165,640,000. 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 $0.08 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.09 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 $0.17 billion
Total deposits $0.17 billion
      Interest-bearing deposits $0.10 billion
      Deposits held in domestic offices $0.17 billion
      % insured (estimated) 70.14%
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 $0.00 billion
      Total Liabilities $0.17 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 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 20.15
Credit Card Loans 0.00
Consumer Auto Loans 1.54
Small Business Loans 13.12
Construction and Development Loans 3.33
Commercial Real Estate 21.77
Commercial and Industrial Loans 14.45
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?


Where are West Union Bank locations?

See branch locations nearby.

Is West Union Bank open on Saturdays?

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Are West Union Bank ATMs Open 24/7?

Do West Union Bank ATMs accept cash deposits?

Can West Union Bank customers use other ATMs?

Do West Union Bank branches have notaries?

Will West Union Bank notarize my document?

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

Will the West Union Bank branch print checks?

Do West Union Bank checks expire?

Does West Union Bank require US citizenship to open account?

Can West Union Bank close my account?

Does West Union Bank Report to credit bureaus?

Does West Union Bank Use Equifax?

What is West Union Bank's ACH Routing Number?

What is West Union Bank's SWIFT code?


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.

Does West Union Bank offer student loans?

Will West Union Bank cash a check?

Will West Union Bank redeem a savings bond?

Does West Union Bank cash savings bonds?

Will West Union Bank cash money orders?

Can West Union Bank issue a money order?

Does West Union Bank do currency exchange?

Background on The Bank

Who owns West Union Bank?

How long has West Union Bank been around?

Can West Union Bank transfer to other banks?

Does West Union Bank have quick pay?

Does West Union Bank accept rolled coins?

Will West Union Bank accept loose change?

Where is West Union Bank headquarters?

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