Westamerica Bank


1108 Fifth Avenue
San Rafael, CA 94901
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.02% 0.65% →
1-Year CD 0.19% 0.70% →
2-Year CD 0.29% 0.75% →
5-Year CD 1.01% 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

Westamerica Bank is an FDIC insured institution located in San Rafael, CA. It was founded in 1884 and has approximately $6.71 billion in assets. Customers can open an account at one of its 92 branches.

FDIC Insured Yes
FDIC Certificate # 3430
Date Established 1884
Assets $ 6.71 billion
Loans $ 1,232.39 million
Deposits $ 5.69 billion
Capital $ 730.25 million

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

Deposit Rates - June 17, 2021

Your Current Location: Washington, WA 98109

Savings and Money Market Rates APY MIN MAX
0.02% $2,500 $4,999 Learn More
Money Market
0.03% $2,500 $2,999 Learn More
Money Market
0.06% $10,000 $14,999 Learn More
Money Market
0.06% $25,000 $29,999 Learn More
6 Mo CD
0.06% $10,000 $14,999 Learn More
6 Mo CD
0.09% $100,000 $199,999 Learn More
12 Mo CD
0.15% $10,000 $14,999 Learn More
12 Mo CD
0.19% $100,000 $199,999 Learn More
18 Mo CD
0.15% $10,000 $14,999 Learn More
18 Mo CD
0.19% $100,000 $199,999 Learn More
24 Mo CD
0.25% $10,000 $14,999 Learn More
24 Mo CD
0.29% $100,000 $199,999 Learn More
30 Mo CD
0.25% $10,000 $14,999 Learn More
30 Mo CD
0.29% $100,000 $199,999 Learn More
36 Mo CD
0.45% $10,000 $14,999 Learn More
36 Mo CD
0.45% $100,000 $199,999 Learn More
48 Mo CD
0.45% $10,000 $14,999 Learn More
48 Mo CD
0.45% $100,000 $199,999 Learn More
60 Mo CD
0.65% $10,000 $14,999 Learn More
60 Mo CD
1.01% $100,000 $199,999 Learn More

Fixed IRA
0.13% $1 $999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less

Loan Rates - June 17, 2021

Your Current Location: Washington, WA 98109

There are currently no loan rates available for Westamerica Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Washington 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Monthly
Learn More
NMLS ID: 1907
2.846% 2.750%
0.25 points
$3,125 fees
$1,021 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.990 %
After Intro: 4.840 %
Intro Period: 12 months
$0 Learn More
More Info
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info

Note to Westamerica Bank
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Westamerica 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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Westamerica Bank Locations

Financial Details

Westamerica Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Westamerica 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
Westamerica Bank U.S. Bank Average
0.63% 5.49%

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, 2020, Westamerica Bank had $4,779,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $730,247,000 in equity and $23,854,000 in loans loss reserves. That gives it a Texas Ratio of 0.63%.

Return on Equity
Westamerica Bank U.S. Bank Average
12.09% 9.24%

Westamerica Bank has a Return on Equity of 12.09% versus the BestCashCow average of 9.24%. 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.

Westamerica Bank U.S. Bank Average
10.88% 11.96%

Westamerica Bank has a Capitalization of 10.88% versus the BestCashCow average of 11.96. 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.

Westamerica Bank Balance Sheet Analysis

As of December 31, 2020, Westamerica Bank had assets of $6,708,895,000, loans of $1,232,389,000, and deposits of $5,690,023,000. 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, 2020
Cash & Balances due from depository institutions $ 621.82 million
Interest-bearing balances $ 517.48 million
Total securities $ 4.58 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,232.39 million
Loan loss allowance $ 23.85 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 122.78 million
All other assets $ 111.95 million
     Total Assets $ 5.98 billion
Total deposits $ 5.69 billion
      Interest-bearing deposits $ 2.96 billion
      Deposits held in domestic offices $ 5.69 billion
      % insured (estimated) 55.27%
Federal funds purchased and repurchase agreements $ 179.88 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 108.75 million
      Total Liabilities $ 5.98 billion
      Shareholders’ Equity $ 730.25 million

Summary Income Statement

December 31, 2020
Total Interest Income $ 165.44 million
Total Interest Expense $ 1.88 million
Net interest income $ 163.56 million
Provision for loan and lease losses $ 4.30 million
Total non interest income $ 45.90 million
Total non interest expense $ 100.60 million
Pre-tax Net Operating Income $ 104.55 million

Bank Loan Profile?

The top three loan types in Westamerica Bank’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Consumer Auto Loans.

Compared to other banks in California, Westamerica Bank has a significantly higher percent of 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.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 3.53
Credit Card Loans 0.00
Consumer Auto Loans 19.39
Small Business Loans 15.46
Construction and Development Loans 0.01
Commercial Real Estate 42.22
Commercial and Industrial Loans 26.43
Farm Loans 0.73

Frequently Asked Questions About Westamerica Bank

Branches and Savings

Is Westamerica Bank FDIC insured?

Yes. It is covered under FDIC Certificate #3430.

Why does Westamerica Bank pay such low interest on savings accounts?

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

Why are Westamerica Bank CD rates not competitive?

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

Is Westamerica Bank a commercial bank?


Where are Westamerica Bank locations?

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Is Westamerica Bank open on Saturdays?

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Are Westamerica Bank ATMs Open 24/7?

Do Westamerica Bank ATMs accept cash deposits?

Can Westamerica Bank customers use other ATMs?

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Will Westamerica Bank notarize my document?

What address for Westamerica Bank should I put for incoming ACH transfers?

Will the Westamerica Bank branch print checks?

Do Westamerica Bank checks expire?

Does Westamerica Bank require US citizenship to open account?

Can Westamerica Bank close my account?

Does Westamerica Bank Report to credit bureaus?

Does Westamerica Bank Use Equifax?

What is Westamerica Bank's ACH Routing Number?

What is Westamerica Bank's SWIFT code?


Does Westamerica Bank offer mortgages?

Compare mortgage rates here.

Does Westamerica Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Westamerica Bank offer personal loans?

Compare personal loan rates here.

Does Westamerica Bank offer student loans?

Will Westamerica Bank cash a check?

Will Westamerica Bank redeem a savings bond?

Does Westamerica Bank cash savings bonds?

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Does Westamerica Bank do currency exchange?

Background on The Bank

Who owns Westamerica Bank?

How long has Westamerica Bank been around?

Can Westamerica Bank transfer to other banks?

Does Westamerica Bank have quick pay?

Does Westamerica Bank accept rolled coins?

Will Westamerica Bank accept loose change?

Where is Westamerica Bank headquarters?

Customer Reviews for Westamerica Bank

  • March 9, 2021

    the worst bank I've ever dealt with in my 72 years

  • July 22, 2015

    I'm trying to find the interest paid on savings accounts but to no avail.here is this information posted? xzimppledink@hotmail.com

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