Westbound Bank is headquartered in Katy and is the 306th largest bank in the state of Texas. It is also the 3,940th largest bank in the nation. It was established in 2007 and as of September of 2013, it had grown to 33 employees at 3 locations. Westbound Bank has a A+ health rating.
Opened both a personal and commercial account.
Easy and friendly staff, felt like they really care about my relationship. They now know my name, whenever I do walk into the branch, which is not often.
They have all the latest electronic banking, including Remote Deposit banking.
I think they call it Remote Deposit Capture, which allows a business, such as mine, to make deposits of Checks from my office using a computer and a simple scanner. The deposits show up in my account the same day. This sames me time (which means money) for a small fee. Also, I don't have to send an employee to the bank.
They have some of the best rates in town on loans and deposits.
They also offer Small Business Administration loans, which I am applying for in the Houston area.
I wish my former "BIG" Bank would catch a clue from these local community banker guys.
I don't need a bank branch on every corner or even near me, as the remote deposit allows me to conduct all my banking business thru it or online. Since I rarely need cash in my business, this is a great option.
I hated waiting in those long lines at Big Bank to make a simple check deposit.
The only minor drawback is that they always ask for identification when I conduct large transactions, but I guess that is for my safety and all the governmental regulations.
Thanks Westbound Bank!
You got me Caught me looking Westbound Business Advantage and the Classic Money Market one could only wish
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 September 30, 2013 Westbound Bank had $1.36 million in non-current loans and owned real-estate with $22.36 million in equity and loan loss allowances on hand to cover it. This gives Westbound Bank a Texas Ratio of 6.09% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Westbound Bank decreased dramatically from 47.24% as of September 30, 2012 to 6.09% as of September 30, 2013, resulting in a positive change of 87.11%.This indicates that the balance sheet and financial strength for Westbound Bank has improved dramatically in recent periods.
In the past year, Westbound Bank has increased its total deposits by $1.82 million, resulting in 1.59% 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 Westbound Bank has shown is above average.
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. Westbound Bank has $138.13 million in assets with $22.36 million in equity, resulting in a capitalization level of 16.18%, which is excellent.
|FDIC Certificate #||58417|
|Assets and Liabilities|
|Equity Capital||$20.93 million|
|Loan Loss Allowance||$1.42 million|
|Real Estate Owned||$1.36 million|
|Historic Data - September 2012|
|Equity Capital||$20.38 million|
|Loan Loss Allowance||$1.61 million|
|Unbacked Noncurrent Loans||$0|
|Real Estate Owned||$8.55 million|
|Profit Margin - Quarterly|
|Net Interest Margin||4.01%|
|Return on Assets||0.89%|
|Return on Equity||5.77%|
|Interest Income||$4.07 million|
Always verify rates and promotions with the bank or credit union. We are not Westbound Bank, we are a rate comparison website and can not provide official rates or promotions.
|0.45%||$95k||-||Classic Money Market|
|0.45%||$95k||-||Westbound Business Advantage|
|0.10%||$1,500||-||Performance Interest Checking|
|0.10%||$2k||-||Business IOLTA Account|
|0.10%||-||-||Business Interest Checking|
|0.05%||$2k||-||50+ FREE Interest Checking|
|0.05%||-||-||Direct Free Checking|
|1.26%||$1k||-||60 Month CD|
|1.26%||$1k||-||60 Month Business CD|
|1.16%||$1k||-||48 Month CD|
|1.16%||$1k||-||48 Month Business CD|
|1.05%||$1k||-||36 Month CD|
|1.05%||$1k||-||36 Month Business CD|
|1.00%||$1k||-||30 Month CD|
|1.00%||$1k||-||30 Month Business CD|
|0.80%||$1k||-||24 Month CD|
|0.80%||$1k||-||24 Month Business CD|
|0.70%||$1k||-||18 Month CD|
|0.70%||$1k||-||18 Month Business CD|
|0.55%||$1k||-||12 Month CD|
|0.55%||$1k||-||12 Month Business CD|
|0.15%||$1k||-||180 Day CD|
|0.15%||$1k||-||180 Day Business CD|
|0.10%||$1k||-||90 Day CD|
|0.10%||$1k||-||90 Day Business CD|
|0.05%||$1k||-||30 Day CD|
|0.05%||$1k||-||60 Day CD|
|0.05%||$1k||-||30 Day Business CD|
|0.05%||$1k||-||60 Day Business CD|
|1.26%||$500||-||60 Month IRA|
|1.26%||$500||-||60 Month Roth IRA|
|1.16%||$500||-||48 Month IRA|
|1.16%||$500||-||48 Month Roth IRA|
|1.05%||$500||-||36 Month IRA|
|1.05%||$500||-||36 Month Roth IRA|
|0.80%||$500||-||24 Month IRA|
|0.80%||$500||-||24 Month Roth IRA|
|0.55%||$500||-||12 Month IRA|
|0.55%||$500||-||12 Month Roth IRA|
|Westbound Bank Locations|
|Northwest Branch||13225 Fm 529, Suite 107||Houston, TX 77041|
|Bellaire Office Branch||5231 Bellaire Blvd.||Bellaire, TX 77401|
|Westbound Bank||655 West Grand Parkway South||Katy, TX 77494|