Institution Statistics
| WESTMORELAND WATER | | NCUA # | 9042 | | BankRate Report | View | | Year Chartered | 1953 | | Employees | 3 | | Primary Regulator | |
Assets and Liabilities | | Assets | $16.19 million | | Loans | $5.72 million | | Deposits | $14.24 million | | Equity Capital | $1.94 million | | Loan Loss Allowance | $27,000 |
Historic Data - December 2010 | | Assets | $14.45 million | | Equity Capital | $1.90 million | | Loan Loss Allowance | $35,000 | | Unbacked Noncurrent Loans | $11,000 |
Profit Margin - Quarterly | | Net Interest Margin | 5.13% | | Return on Assets | 0.2% | | Return on Equity | 1.65% | | Interest Income | $410,000 | | Non-Interest Income | $54,000 |
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Institution Health
Overall Score:
5 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 December 31, 2011 Westmoreland Water Credit Union had $0 in non-current loans and owned real-estate with $1.96 million in equity and loan loss allowances on hand to cover it. This gives Westmoreland Water Credit Union a Texas Ratio of 0.00% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. | | Deposit Growth | | | In the past year, Westmoreland Water Credit Union has increased its total deposits by $1.7 million, resulting in 13.6% 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 Westmoreland Water Credit Union 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. Westmoreland Water Credit Union has $16.19 million in assets with $1.96 million in equity, resulting in a capitalization level of 12.14%, which is excellent. |
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