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Bank Of Washington

Basically, I've had two major issues with this home town bank. The first time I was a victim of identity theft and my bank provided poor customer service, didn't cancel my debit card when it was reported, left it to me to try to recover the funds, and told me they would only work with police with a court order. The second time I was on vacation, only to discover that to limit identity theft, they only allow you to use your debit card in the state of Missouri (or a select others), or out of state, with a pin. (In other words, no credit transactions.) Now, I realized it was at a few other states that this bizarre practice was going on, just not quite the extent. When I called, again I was on the receiving end of poor customer service. What made me all the more bitter about the second experience was the first, knowing that they really weren't going to help people out until they were absolutely forced.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Bank of Washington had $95.8 million in non-current loans and owned real-estate with $87.22 million in equity and loan loss allowances on hand to cover it. This gives Bank of Washington a Texas Ratio of 109.83% which is poor. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Bank of Washington increased slightly from 72.66% as of March 31, 2013 to 109.83% as of March 31, 2014, resulting in a negative change of 51.16%. This indicates that the balance sheet and financial strength for Bank of Washington has declined slightly in recent periods.

Deposit Growth


In the past year, Bank of Washington has decreased its total deposits by -$74.13 million, resulting in -11.99% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank of Washington has shown is poor.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank of Washington has $683.68 million in assets with $87.22 million in equity, resulting in a capitalization level of 12.76%, which is excellent.

Institution Statistics

FDIC Certificate #12627
Year Established1877
Primary RegulatorFDIC
Assets and Liabilities
Assets$683.68 million
Loans$502.29 million
Deposits$543.95 million
Equity Capital$69.58 million
Loan Loss Allowance$17.64 million
Unbacked Noncurrent Loans$53.66 million
Real Estate Owned$42.14 million
Historic Data - March 2013
Assets$802.94 million
Equity Capital$70.15 million
Loan Loss Allowance$16.33 million
Unbacked Noncurrent Loans$53.66 million
Real Estate Owned$33.96 million
Profit Margin - Quarterly
Net Interest Margin3.69%
Return on Assets0.17%
Return on Equity1.77%
Interest Income$6.77 million

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Bank of Washington Savings Account Rates

0.40%$10k-Health Savings Account
0.15%--Statement Savings
0.15%--Christmas Club

Bank of Washington Money Market Rates

0.20%$50k-Money Market Deposit Account

Bank of Washington Checking Account Rates

0.75%-$30kSenior Advantage Green Relationship Checking
0.75%$25$30kGreen Advantage - Qualifying

Bank of Washington CD Rates

1.46%$5k-60 Month CD
1.26%$5k-48 Month CD
1.11%$5k-36 Month CD
0.60%$5k-24 Month CD
0.50%$5k-18 Month CD
0.40%$5k-12 Month CD
0.25%$5k-6 Month CD
0.15%$5k-91 Day CD

Bank of Washington IRA Rates

1.46%$5k-60 Month IRA
1.26%$5k-48 Month IRA
1.11%$5k-36 Month IRA
0.60%$5k-24 Month IRA
0.50%$5k-18 Month IRA
0.40%$5k-12 Month IRA
0.25%$5k-6 Month IRA
0.15%$5k-91 Day IRA

Bank of Washington Locations
Schnucks Super Center Branch2073-A Washington CrossingWashington, MO 63090
East Fifth Street Branch2629 East Fifth StreetWashington, MO 63090
Gray Summit Branch2687 Highway 100Gray Summit, MO 63039
Villa Ridge Branch3333 Hwy 100Villa Ridge, MO 63089
Detached FacilityFourteenth and Jefferson StreetsWashington, MO 63090
Bank Of WashingtonMain and Oak StreetsWashington, MO 63090