Western States Bank

Headquarters

3430 East Grand Avenue
Laramie, WY 82073
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.02% 1.05% →
1-Year CD 0.45% 1.05% →
2-Year CD 0.55% 1.11% →
5-Year CD 0.80% 1.56% →
30-Year Mortgage N.A. 2.88% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Western States Bank is an FDIC insured institution located in Laramie, WY. It was founded in 2006 and has approximately $0.47 billion in assets. Customers can open an account at one of its 14 branches.

FDIC Insured Yes
FDIC Certificate # 58395
Date Established 2006
Assets $ 468.36 million
Loans $ 333.34 million
Deposits $ 406.87 million
Capital $ 60.52 million
 

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

Deposit Rates - August 14, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.02% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.20% $10,000 $14,999 Learn More
6 Mo CD
0.20% $100,000 $199,999 Learn More
12 Mo CD
0.45% $10,000 $14,999 Learn More
12 Mo CD
0.45% $100,000 $199,999 Learn More
18 Mo CD
0.50% $10,000 $14,999 Learn More
18 Mo CD
0.50% $100,000 $199,999 Learn More
24 Mo CD
0.55% $10,000 $14,999 Learn More
24 Mo CD
0.55% $100,000 $199,999 Learn More
30 Mo CD
0.60% $10,000 $14,999 Learn More
30 Mo CD
0.60% $100,000 $199,999 Learn More
36 Mo CD
0.65% $10,000 $14,999 Learn More
36 Mo CD
0.65% $100,000 $199,999 Learn More
48 Mo CD
0.75% $10,000 $14,999 Learn More
48 Mo CD
0.75% $100,000 $199,999 Learn More
60 Mo CD
0.80% $10,000 $14,999 Learn More
60 Mo CD
0.80% $100,000 $199,999 Learn More

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.48% $1 $999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.01% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 14, 2020

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Western States 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

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.812% 2.750% 0.75 $2,038 $1,021 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.914% 2.875% 0.50 $1,250 $1,038 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
3.500 %
$25,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to Western States Bank
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Branches

Western States 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:
Ashburn,Virginia


Western States Bank Locations


Financial Details

Western States Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Western States 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
Western States Bank U.S. Bank Average
4.28% 6.94%

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 March 31, 2020, Western States Bank had $2,839,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $60,520,000 in equity and $5,777,000 in loans loss reserves. That gives it a Texas Ratio of 4.28%.

Return on Equity
Western States Bank U.S. Bank Average
6.34% 7.80%

Western States Bank has a Return on Equity of 6.34% versus the BestCashCow average of 7.80%. 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
Western States Bank U.S. Bank Average
12.92% 12.68%

Western States Bank has a Capitalization of 12.92% versus the BestCashCow average of 12.68. 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.

Western States Bank Balance Sheet Analysis

As of March 31, 2020, Western States Bank had assets of $468,357,000, loans of $333,337,000, and deposits of $406,865,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 32.89 million
Interest-bearing balances $ 22.98 million
Total securities $ 59.55 million
Federal funds sold and reverse repurchase $ 16.68 million
Net loans and leases $ 333.34 million
Loan loss allowance $ 5.78 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 0.88 million
All other assets $ 12.04 million
     Total Assets $ 407.84 million
LIABILITIES
Total deposits $ 406.87 million
      Interest-bearing deposits $ 299.06 million
      Deposits held in domestic offices $ 406.87 million
      % insured (estimated) 74.47%
Federal funds purchased and repurchase agreements $ 0.30 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.67 million
      Total Liabilities $ 407.84 million
      Shareholders’ Equity $ 60.52 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 5.07 million
Total Interest Expense $ 0.76 million
Net interest income $ 4.31 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.43 million
Total non interest expense $ 3.60 million
Pre-tax Net Operating Income $ 1.14 million

Bank Loan Profile?

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

Compared to other banks in Wyoming, Western States Bank has a significantly higher percent of Commercial Real Estate 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 15.75
Multifamily
Mortgages
4.33
Credit Card Loans 0.00
Consumer Auto Loans 0.56
Small Business Loans 0.00
Construction and Development Loans 8.61
Commercial Real Estate 47.68
Commercial and Industrial Loans 12.34
Farm Loans 6.33

Frequently Asked Questions About Western States Bank

Branches and Savings

Is Western States Bank FDIC insured?

Yes. It is covered under FDIC Certificate #58395.

Why does Western States Bank pay such low interest on savings accounts?

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

Why are Western States Bank CD rates not competitive?

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

Is Western States Bank a commercial bank?

Yes

Where are Western States Bank locations?

See branch locations nearby.

Is Western States Bank open on Saturdays?

Is Western States Bank open on Sundays?

What time does Western States Bank open?

What time does Western States Bank close?

Are Western States Bank ATMs Open 24/7?

Do Western States Bank ATMs accept cash deposits?

Can Western States Bank customers use other ATMs?

Do Western States Bank branches have notaries?

Will Western States Bank notarize my document?

What address for Western States Bank should I put for incoming ACH transfers?

Will the Western States Bank branch print checks?

Do Western States Bank checks expire?

Does Western States Bank require US citizenship to open account?

Can Western States Bank close my account?

Does Western States Bank Report to credit bureaus?

Does Western States Bank Use Equifax?

What is Western States Bank's ACH Routing Number?

What is Western States Bank's SWIFT code?

Products

Does Western States Bank offer mortgages?

Compare mortgage rates here.

Does Western States Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Western States Bank offer personal loans?

Compare personal loan rates here.

Does Western States Bank offer student loans?

Will Western States Bank cash a check?

Will Western States Bank redeem a savings bond?

Does Western States Bank cash savings bonds?

Will Western States Bank cash money orders?

Can Western States Bank issue a money order?

Does Western States Bank do currency exchange?

Background on The Bank

Who owns Western States Bank?

How long has Western States Bank been around?

Can Western States Bank transfer to other banks?

Does Western States Bank have quick pay?

Does Western States Bank accept rolled coins?

Will Western States Bank accept loose change?

Where is Western States Bank headquarters?

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