West Alabama Bank


Overview / Commentary
205-375-6261
509 1st Avenue West
Reform, AL 35481

West Alabama Bank is headquartered in Reform and is the 20th largest bank in the state of Alabama. It is also the 1,238th largest bank in the nation. It was established in 1944 and as of June of 2022, it had grown to 153 employees at 15 locations. West Alabama Bank has an A health rating.

Reviews (1)

Great Service And Personnel !

Posted by: |

3 years ago, I built a new home... I sold my  pervious home, and deposited the cash from that sale into my checking account.  I would draw from that as the new home was being built.  At one point, I was nervous that I'd run out of money, so I went to the Northport branch, walked in, and in less than 5 minutes, I had an unsecured loan deposited into my checking account!  No questions asked, no red tape.  As it turned out, I didn't need the money, and returned it several weeks later to the bank.  I could NOT be happier with the way I was treated, nor the concern of the loan officer.  

My only negative comment is there are only TWO branches in Tuscaloosa... We need MORE and closer to the east part of Tuscaloosa.   Thanks!  John E.   Easton Place



Health

Health Grade Components

Overall
FDIC Certificate #16175
Year Established1944
Employees153
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.08%
Return on Equity - YTD10.14%
Annual Interest Income$12.6MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$757.5MM$782.9MM
LoansQ2 2022vs Q2 2021$398.2MM$382.6MM
DepositsQ2 2022vs Q2 2021$685.9MM$664.6MM
Equity CapitalQ2 2022vs Q2 2021$67.7MM$94.5MM
Loan Loss AllowanceQ2 2022vs Q2 2021$4.3MM$4.0MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$1.9MM$1.3MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

Sorry, we do not have rate data for West Alabama Bank.

Locations

Availability



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