Woodforest National Bank


1330 Lake Robbins Dr
The Woodlands, TX 77380
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Notable Rates APY Vs.Others
Savings 0.50% 5.55% →
1-Year CD 1.70% 5.60% →
2-Year CD 1.55% 4.90% →
5-Year CD 1.35% 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Woodforest National Bank is an FDIC insured institution located in The Woodlands, TX. It was founded in 1980 and has approximately $9.08 billion in assets. Customers can open an account at one of its 753 branches.

FDIC Insured Yes
FDIC Certificate # 23220
Date Established 1980
Assets $ 9.08 billion
Loans $ 6.56 billion
Deposits $ 8.09 billion
Capital $ 814.48 million

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

Deposit Rates - April 24, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
0.35% $0 $9,999 Learn More
Savings Account
0.50% $10,000 - Learn More
Money Market
0.35% $0 - Learn More
Money Market
2.00% $1 $99,999 Learn More
Money Market
2.50% $100,000 $249,999 Learn More
Money Market
3.00% $250,000 $499,999 Learn More
Money Market
4.00% $500,000 - Learn More
1 Mo CD
0.20% $500 - Learn More
3 Mo CD
3.00% $500 - Learn More
6 Mo CD
3.35% $500 - Learn More
8 Mo CD
4.75% $500 - Learn More
12 Mo CD
1.70% $500 - Learn More
13 Mo CD
4.25% $500 - Learn More
1.55% $500 - Learn More
1.40% $500 - Learn More
1.30% $500 - Learn More
1.35% $500 - Learn More

6 Month CD
1.40% $500 - Learn MoreShow Less
12 Month CD
1.70% $500 - Learn MoreShow Less
24 Month CD
1.55% $500 - Learn MoreShow Less
36 Month CD
1.40% $500 - Learn MoreShow Less
48 Month CD
1.30% $500 - Learn MoreShow Less
60 Month CD
1.35% $500 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
1.50% $1 - Learn MoreShow Less
0.35% $1,000 - Learn MoreShow Less
0.15% $1,001 - Learn MoreShow Less

Loan Rates - April 24, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Woodforest National 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 2024

Lender APR Rate (%) Monthly
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Tomo Mortgage, LLC.
NMLS ID: 2059741
6.894% 6.750%
0.88 points
$4,746 fees
$2,076 Learn More
Rocket Mortgage
NMLS ID: 3030
7.463% 7.375%
0.88 points
$2,800 fees
$2,211 Learn More
Veterans United Home Loans
NMLS ID: 1907

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Neighbors Bank
NMLS ID: 491986

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Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.490 %
$0 Learn More
More Info

Note to Woodforest National Bank
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Climate Policy and Initiatives

Woodforest National Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

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Financial Details

Woodforest National Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Woodforest National 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
Woodforest National Bank U.S. Bank Average
8.05% 3.96%

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, 2024, Woodforest National Bank had $61,627,000 in non-current loans and $10,616,000 in owned real estate. To cover these potential losses it had $814,483,000 in equity and $83,418,000 in loans loss reserves. That gives it a Texas Ratio of 8.05%.

Return on Equity
Woodforest National Bank U.S. Bank Average
19.16% 12.20%

Woodforest National Bank has a Return on Equity of 19.16% versus the BestCashCow average of 12.20%. 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.

Woodforest National Bank U.S. Bank Average
8.97% 10.76%

Woodforest National Bank has a Capitalization of 8.97% versus the BestCashCow average of 10.76. 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.

Woodforest National Bank Balance Sheet Analysis

As of December 31, 2023, Woodforest National Bank had assets of $9,081,050,000, loans of $6,561,109,000, and deposits of $8,088,098,000. 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, 2024
Cash & Balances due from depository institutions $ 312.58 million
Interest-bearing balances $ 76.64 million
Total securities $ 1,620.51 million
Federal funds sold and reverse repurchase $ 5.12 million
Net loans and leases $ 6.56 billion
Loan loss allowance $ 83.42 million
Trading account assets $ 2.71 million
Bank premises and fixed assets N.A.
Other real estate owned $ 10.62 million
Goodwill and other intangibles N.A.
All other assets $ 357.89 million
     Total Assets $ 8.27 billion
Total deposits $ 8.09 billion
      Interest-bearing deposits $ 5.22 billion
      Deposits held in domestic offices $ 8.09 billion
      % insured (estimated) 73.57%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 2.71 million
Other borrowed funds $ 150.00 million
Subordinated debt N.A.
All other liabilities $ 63.78 million
      Total Liabilities $ 8.27 billion
      Shareholders’ Equity $ 814.48 million

Summary Income Statement

December 31, 2024
Total Interest Income $ 495.96 million
Total Interest Expense $ 106.12 million
Net interest income $ 389.84 million
Provision for loan and lease losses $ 43.00 million
Total non interest income $ 455.02 million
Total non interest expense $ 598.67 million
Pre-tax Net Operating Income $ 100.29 million

Bank Loan Profile?

The top three loan types in Woodforest National Bank’s loan portfolio are Commercial and Industrial Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Texas, Woodforest National Bank has a significantly higher percent of Commercial and Industrial 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 4.72
Credit Card Loans 0.00
Consumer Auto Loans 0.01
Small Business Loans 1.06
Construction and Development Loans 5.16
Commercial Real Estate 25.52
Commercial and Industrial Loans 42.13
Farm Loans 0.16

Customer Reviews for Woodforest National Bank

  • April 8, 2016

    I use Woodforest national bank for 7 years and I can say that I am satisfied with its work. I think that it is a good bank.

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