West Alabama Bank is headquartered in Reform and is the 19th largest bank in the state of Alabama. It is also the 1,199th largest bank in the nation. It was established in 1944 and as of December of 2020, it had grown to 157 employees at 15 locations. West Alabama Bank has an A+ health rating.
Great Service And Personnel !
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 Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 16175 |
| Year Established | 1944 |
| Employees | 157 |
| Primary Regulator | FDIC |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.86% |
| Return on Equity - YTD | 6.37% |
| Annual Interest Income | $25.5MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $735.6MM$644.1MM |
| Loans | Q4 2020vs Q4 2019 | $386.9MM$392.3MM |
| Deposits | Q4 2020vs Q4 2019 | $615.2MM$525.4MM |
| Equity Capital | Q4 2020vs Q4 2019 | $95.3MM$89.8MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $4.8MM$4.2MM |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $2.2MM$1.1MM |
| Real Estate Owned | Q4 2020vs Q4 2019 | $125.00K$0 |
