Whitaker Bank

Headquarters

2001 Pleasant Ridge Drive
Lexington, KY 40505
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 0.91% →
1-Year CD 0.30% 0.85% →
2-Year CD 0.40% 0.95% →
5-Year CD 1.15% 1.30% →
30-Year Mortgage N.A. 2.61% →
15-Year Mortgage N.A. 2.31% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

Whitaker Bank is an FDIC insured institution located in Lexington, KY. It was founded in 1990 and has approximately $1.19 billion in assets. Customers can open an account at one of its 37 branches.

FDIC Insured Yes
FDIC Certificate # 32912
Date Established 1990
Assets $ 1,188.01 million
Loans $ 601.69 million
Deposits $ 935.37 million
Capital $ 197.09 million
 

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

Deposit Rates - December 4, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.17% $10,000 $14,999 Learn More
Money Market
0.17% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
6 Mo CD
0.17% $10,000 $14,999 Learn More
6 Mo CD
0.17% $100,000 $199,999 Learn More
12 Mo CD
0.30% $10,000 $14,999 Learn More
12 Mo CD
0.30% $100,000 $199,999 Learn More
18 Mo CD
0.35% $10,000 $14,999 Learn More
18 Mo CD
0.35% $100,000 $199,999 Learn More
24 Mo CD
0.40% $10,000 $14,999 Learn More
24 Mo CD
0.40% $100,000 $199,999 Learn More
36 Mo CD
0.55% $10,000 $14,999 Learn More
36 Mo CD
0.55% $100,000 $199,999 Learn More
48 Mo CD
0.80% $10,000 $14,999 Learn More
48 Mo CD
0.80% $100,000 $199,999 Learn More
60 Mo CD
1.15% $10,000 $14,999 Learn More
60 Mo CD
1.15% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.07% $2,500 $3,499 Learn MoreShow Less
 

Loan Rates - December 4, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for Whitaker 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
AmeriSave Mortgage Corporation
NMLS ID: 1168
2.693% 2.625% 0.75 $2,235 $1,005 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.558% 2.500% 0.75 $1,905 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info

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

Branches

Whitaker 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


Whitaker Bank Locations


Financial Details

Whitaker Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Whitaker 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
Whitaker Bank U.S. Bank Average
12.88% 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, Whitaker Bank had $20,723,000 in non-current loans and $5,846,000 in owned real estate. To cover these potential losses it had $197,091,000 in equity and $9,143,000 in loans loss reserves. That gives it a Texas Ratio of 12.88%.

Return on Equity
Whitaker Bank U.S. Bank Average
5.18% 7.80%

Whitaker Bank has a Return on Equity of 5.18% 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
Whitaker Bank U.S. Bank Average
16.59% 12.68%

Whitaker Bank has a Capitalization of 16.59% 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.

Whitaker Bank Balance Sheet Analysis

As of March 31, 2020, Whitaker Bank had assets of $1,188,008,000, loans of $601,689,000, and deposits of $935,372,000. 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 $ 45.34 million
Interest-bearing balances $ 26.21 million
Total securities $ 476.75 million
Federal funds sold and reverse repurchase $ 4.81 million
Net loans and leases $ 601.69 million
Loan loss allowance $ 9.14 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 5.85 million
Goodwill and other intangibles $ 15.37 million
All other assets $ 15.72 million
     Total Assets $ 990.92 million
LIABILITIES
Total deposits $ 935.37 million
      Interest-bearing deposits $ 673.45 million
      Deposits held in domestic offices $ 935.37 million
      % insured (estimated) 80.08%
Federal funds purchased and repurchase agreements $ 41.47 million
Trading liabilities N.A.
Other borrowed funds $ 7.27 million
Subordinated debt N.A.
All other liabilities $ 6.81 million
      Total Liabilities $ 990.92 million
      Shareholders’ Equity $ 197.09 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 10.38 million
Total Interest Expense $ 0.61 million
Net interest income $ 9.77 million
Provision for loan and lease losses N.A.
Total non interest income $ 2.58 million
Total non interest expense $ 9.38 million
Pre-tax Net Operating Income $ 2.97 million

Bank Loan Profile?

The top three loan types in Whitaker Bank’s loan portfolio are 1-4 Family Residential Loans, Commercial Real Estate, and Small Business Loans.

Compared to other banks in Kentucky, Whitaker Bank has a significantly higher percent of Multifamily Mortgages, Credit Card Loans, Small Business 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 35.94
Multifamily
Mortgages
6.65
Credit Card Loans 0.38
Consumer Auto Loans 1.84
Small Business Loans 12.18
Construction and Development Loans 7.58
Commercial Real Estate 33.14
Commercial and Industrial Loans 5.72
Farm Loans 0.54

Frequently Asked Questions About Whitaker Bank

Branches and Savings

Is Whitaker Bank FDIC insured?

Yes. It is covered under FDIC Certificate #32912.

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

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

Why are Whitaker Bank CD rates not competitive?

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

Is Whitaker Bank a commercial bank?

Yes

Where are Whitaker Bank locations?

See branch locations nearby.

Is Whitaker Bank open on Saturdays?

Is Whitaker Bank open on Sundays?

What time does Whitaker Bank open?

What time does Whitaker Bank close?

Are Whitaker Bank ATMs Open 24/7?

Do Whitaker Bank ATMs accept cash deposits?

Can Whitaker Bank customers use other ATMs?

Do Whitaker Bank branches have notaries?

Will Whitaker Bank notarize my document?

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

Will the Whitaker Bank branch print checks?

Do Whitaker Bank checks expire?

Does Whitaker Bank require US citizenship to open account?

Can Whitaker Bank close my account?

Does Whitaker Bank Report to credit bureaus?

Does Whitaker Bank Use Equifax?

What is Whitaker Bank's ACH Routing Number?

What is Whitaker Bank's SWIFT code?

Products

Does Whitaker Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Whitaker Bank offer personal loans?

Compare personal loan rates here.

Does Whitaker Bank offer student loans?

Will Whitaker Bank cash a check?

Will Whitaker Bank redeem a savings bond?

Does Whitaker Bank cash savings bonds?

Will Whitaker Bank cash money orders?

Can Whitaker Bank issue a money order?

Does Whitaker Bank do currency exchange?

Background on The Bank

Who owns Whitaker Bank?

How long has Whitaker Bank been around?

Can Whitaker Bank transfer to other banks?

Does Whitaker Bank have quick pay?

Does Whitaker Bank accept rolled coins?

Will Whitaker Bank accept loose change?

Where is Whitaker Bank headquarters?

Customer Reviews for Whitaker Bank


  • November 18, 2020 |

    I had a charge that wasn't authorized, and they told me there is nothing they can do about it because in the past it was authorized. Are you serious? So if someone takes your card and goes to Walmart.com and buys stuff you're screwed if you ever shopped there before.
    Their mobile app doesn't work half the time and you can't deposit at the ATM for a checking account. No phone support on weekends. No international charging allowed without calling first (even on ebay). Employees are argumentative on the phones and slow in the lines. Whitaker bank is stuck in the 80s, I hate to write a bad review but you must avoid them, so much regret going to them!

  • June 28, 2017 |

    iwillaccepttenthousanddollars

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