Bank of Washington is headquartered in Washington and is the 33rd largest bank in the state of Missouri. It is also the 993rd largest bank in the nation. It was established in 1877 and as of March of 2014, it had grown to 126 employees at 6 locations. Bank of Washington has a C- health rating.
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.
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.
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.
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.
|FDIC Certificate #||12627|
|Assets and Liabilities|
|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|
|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 Margin||3.69%|
|Return on Assets||0.17%|
|Return on Equity||1.77%|
|Interest Income||$6.77 million|
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|0.40%||$10k||-||Health Savings Account|
|0.20%||$50k||-||Money Market Deposit Account|
|0.75%||-||$30k||Senior Advantage Green Relationship Checking|
|0.75%||$25||$30k||Green Advantage - Qualifying|
|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|
|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 Branch||2073-A Washington Crossing||Washington, MO 63090|
|East Fifth Street Branch||2629 East Fifth Street||Washington, MO 63090|
|Gray Summit Branch||2687 Highway 100||Gray Summit, MO 63039|
|Villa Ridge Branch||3333 Hwy 100||Villa Ridge, MO 63089|
|Detached Facility||Fourteenth and Jefferson Streets||Washington, MO 63090|
|Bank Of Washington||Main and Oak Streets||Washington, MO 63090|