Wheatland Bank

Wheatland Bank Locations
222 N. Wall Street, Suite 100
Spokane, WA 99201
www.wheatlandbank.com

Wheatland Bank is headquartered in Spokane and is the 30th largest bank in the state of Washington. It is also the 2,169th largest bank in the nation. It was established in 1979 and as of March of 2012, it had grown to 80 employees at 13 locations. Wheatland Bank has a 4-star health rating.

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Data for Q1 2012


Institution Statistics


Wheatland Bank
FDIC Certificate #22939
BankRate ReportView
Year Established1979
Employees80
Primary RegulatorFDIC

Assets and Liabilities

Assets$301.70 million
Loans$150.42 million
Deposits$268.17 million
Equity Capital$26.87 million
Loan Loss Allowance$1.64 million
Unbacked Noncurrent Loans$2.21 million
Real Estate Owned$262,000

Historic Data - March 2011

Assets$270.26 million
Equity Capital$25.86 million
Loan Loss Allowance$2.13 million
Unbacked Noncurrent Loans$3.17 million
Real Estate Owned$2.27 million

Profit Margin - Quarterly

Net Interest Margin3.69%
Return on Assets0.43%
Return on Equity4.63%
Interest Income$2.66 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
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 Wheatland Bank had $2.47 million in non-current loans and owned real-estate with $28.51 million in equity and loan loss allowances on hand to cover it. This gives Wheatland Bank a Texas Ratio of 8.66% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for Wheatland Bank decreased significantly from 20.74% as of March 31, 2011 to 8.66% as of March 31, 2012, resulting in a positive change of 58.26%.This indicates that the balance sheet and financial strength for Wheatland Bank has improved significantly in recent periods.
Deposit Growth5
In the past year, Wheatland Bank has increased its total deposits by $36.07 million, resulting in 15.54% 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 Wheatland Bank has shown is excellent.
Capitalization3
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. Wheatland Bank has $301.7 million in assets with $28.51 million in equity, resulting in a capitalization level of 9.45%, which is average.
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