Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts
Overview / Commentary
655 West Grand Parkway South
Katy, TX 77494

Westbound Bank is headquartered in Katy and is the 303rd largest bank in the state of Texas. It is also the 3,855th largest bank in the nation. It was established in 2007 and as of March of 2014, it had grown to 34 employees at 3 locations. Westbound Bank has a A+ health rating.

Related Posts

Reviews (2)

Great Friendly Customer Oriented Bank

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

You got me Caught me looking Westbound Business Advantage and the Classic Money Market one could only wish


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 Westbound Bank had $883,000 in non-current loans and owned real-estate with $23.59 million in equity and loan loss allowances on hand to cover it. This gives Westbound Bank a Texas Ratio of 3.74% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Westbound Bank decreased dramatically from 17.39% as of March 31, 2013 to 3.74% as of March 31, 2014, resulting in a positive change of 78.47%.This indicates that the balance sheet and financial strength for Westbound Bank has improved dramatically in recent periods.

Deposit Growth


In the past year, Westbound Bank has increased its total deposits by $7.4 million, resulting in 6.64% 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 excellent.



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 $141.96 million in assets with $23.59 million in equity, resulting in a capitalization level of 16.62%, which is excellent.

Institution Statistics

FDIC Certificate #58417
Year Established2007
Primary RegulatorFDIC
Assets and Liabilities
Assets$141.96 million
Loans$65.12 million
Deposits$118.72 million
Equity Capital$22.33 million
Loan Loss Allowance$1.26 million
Real Estate Owned$883,000
Historic Data - March 2013
Assets$133.36 million
Equity Capital$21.16 million
Loan Loss Allowance$1.48 million
Unbacked Noncurrent Loans$0
Real Estate Owned$3.41 million
Profit Margin - Quarterly
Net Interest Margin3.1%
Return on Assets2.45%
Return on Equity15.61%
Interest Income$1.12 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.

Westbound Bank Savings Account Rates

0.10%$300-Classic Savings

Westbound Bank Money Market Rates

0.45%$95k-Classic Money Market
0.45%$95k-Westbound Business Advantage

Westbound Bank Checking Account Rates

0.10%$1,500-Performance Interest Checking
0.10%$2k-Business IOLTA Account
0.10%--Business Interest Checking
0.05%$2k-Interest Free Checking

Westbound Bank CD Rates

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
0.90%$1k-30 Month CD
0.90%$1k-30 Month Business CD
0.80%$1k-24 Month CD
0.80%$1k-24 Month Business CD
0.66%$1k-18 Month CD
0.66%$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

Westbound Bank IRA Rates

1.26%$500-60 Month IRA
1.16%$500-48 Month IRA
1.05%$500-36 Month IRA
0.80%$500-24 Month IRA
0.55%$500-12 Month IRA

Westbound Bank Locations
Northwest Branch13225 Fm 529, Suite 107Houston, TX 77041
Bellaire Office Branch5231 Bellaire Blvd.Bellaire, TX 77401
Westbound Bank655 West Grand Parkway SouthKaty, TX 77494