CHARTER WEST NATIONAL BANK

CHARTER WEST NATIONAL BANK is headquartered in West Point and is the 56^th largest bank in the state of Nebraska. It is also the 3,253^rd largest bank in the nation. It was established in 1985 and as of March of 2012, it had grown to 70 employees at 5 locations. CHARTER WEST NATIONAL BANK has a 4-star health rating.

Data for Q1 2012

Institution Statistics CHARTER WEST NATIONAL BANK FDIC Certificate # 26185 BankRate Report View Year Established 1985 Employees 70 Primary Regulator OCC Assets and Liabilities Assets $189.78 million Loans $126.89 million Deposits $162.37 million Equity Capital $18.48 million Loan Loss Allowance $1.93 million Unbacked Noncurrent Loans $2.33 million Real Estate Owned $3.31 million Historic Data - March 2011 Assets $179.93 million Equity Capital $17.64 million Loan Loss Allowance $1.93 million Unbacked Noncurrent Loans $574,000 Real Estate Owned $2.68 million Profit Margin - Quarterly Net Interest Margin 4.13% Return on Assets 2.05% Return on Equity 21.12% Interest Income $2.02 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 CHARTER WEST NATIONAL BANK had $5.64 million in non-current loans and owned real-estate with $20.41 million in equity and loan loss allowances on hand to cover it. This gives CHARTER WEST NATIONAL BANK a Texas Ratio of 27.62% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for CHARTER WEST NATIONAL BANK increased slightly from 16.62% as of March 31, 2011 to 27.62% as of March 31, 2012, resulting in a negative change of 66.12%. This indicates that the balance sheet and financial strength for CHARTER WEST NATIONAL BANK has declined slightly in recent periods. Deposit Growth In the past year, CHARTER WEST NATIONAL BANK has increased its total deposits by $10.14 million, resulting in 6.66% 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 CHARTER WEST NATIONAL BANK has shown is excellent. Capitalization 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. CHARTER WEST NATIONAL BANK has $189.78 million in assets with $20.41 million in equity, resulting in a capitalization level of 10.76%, which is above average.

No reviews have been left for this bank yet. Be the first to review.