Banks | West Alabama Bank & Trust

West Alabama Bank & Trust


West Alabama Bank & Trust is an FDIC insured institution headquartered at 509 1st Ave W, Reform, AL 35481.
It was founded in 1944 and has approximately $1 billion in assets. Customers can open an account at one of its 14 branches.

Deposit Rates - April 02, 2025

SAVINGS RATES APY MIN
Savings
0.05% $250 Compare
CD RATES APY MIN
6 Mo CD
0.25% $1,000 Compare
12 Mo CD
0.50% $1,000 Compare
24 Mo CD
0.60% $1,000 Compare
36 Mo CD
0.75% $1,000 Compare
48 Mo CD
0.75% $1,000 Compare
60 Mo CD
0.75% $1,000 Compare
MM RATES APY MIN
Money Market
0.20% $2,000 Compare
Money Market
0.25% $10,000 Compare
Money Market
0.30% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.05% $1,000

Overview 2025

General Bank Information

FDIC Insured Yes
FDIC Certificate # 16175
Date Established 1944
Assets $ 932.56 million
Loans $ 551.65 million
Deposits $ 786.57 million
Capital $ 84.19 million

Summary Balance Sheet as of September 30, 2024

ASSETS
Cash & Balances due from depository institutions $ 42.37 million
Interest-bearing balances $ 37.95 million
Total securities $ 250.95 million
Federal funds sold and reverse repurchase $ 27.11 million
Net loans and leases $ 551.65 million
Loan loss allowance $ 6.55 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 7.03 million
All other assets $ 37.55 million
     Total Assets $ 848.37 million

LIABILITIES
Total deposits $ 786.57 million
      Interest-bearing deposits $ 585.44 million
      Deposits held in domestic offices $ 786.57 million
      % insured (estimated)" 79.12%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 3.82 millionn
      Total Liabilities $ 848.37 million
      Shareholders’ Equity $ 84.19 million

Summary Income Statement as of September 30, 2024

INCOME AND EXPENSES
Total Interest Income $ 34.57 million
Total Interest Expense $ 15.20 million
Net interest income $ 19.37 million
Provision for loan and lease losses $ 0.33 million
Total non interest income $ 4.41 million
Total non interest expense $ 14.77 million
Pre-tax Net Operating Income $ 5.22 million

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