Westamerica Bank

Headquarters

1108 5th Ave
San Rafael, CA 94901
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 5.50% →
1-Year CD N.A. 4.80% →
2-Year CD N.A. 4.25% →
5-Year CD N.A. 4.00% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Bank Information

Westamerica Bank is an FDIC insured institution located in San Rafael, CA. It was founded in 1884 and has approximately $6.27 billion in assets. Customers can open an account at one of its 92 branches.

FDIC Insured Yes
FDIC Certificate # 3430
Date Established 1884
Assets $ 6.27 billion
Loans $ 815.89 million
Deposits $ 5.13 billion
Capital $ 572.84 million
 

For a more detailed analysis of Westamerica Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - November 4, 2024

Your Current Location: Ohio, OH 43085


Loan Rates - November 4, 2024

Your Current Location: Ohio, OH 43085

There are currently no loan rates available for Westamerica Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - Ohio 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Monthly
Payment
Learn More
PenFed Credit Union
NMLS ID: 401822
6.818% 6.625%
1.00 points
$6,400 fees
$2,049 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.984% 6.875%
0.88 points
$3,545 fees
$2,103 Learn More
Rocket Mortgage
NMLS ID: 3030
7.200% 7.125%
0.75 points
$2,400 fees
$2,156 Learn More
FHAloans.com
NMLS ID: Not a Lender

points
fees
Learn More

Featured - Ohio Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
Intro APR 7.490 %
After Intro: 7.490 %
$0 Learn More
More Info

Note to Westamerica Bank
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Branches

Westamerica Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Columbus,Ohio



Climate Policy and Initiatives

Westamerica Bank is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.


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Financial Details

Westamerica Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Westamerica Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Westamerica Bank U.S. Bank Average
0.26% 4.48%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2024, Westamerica Bank had $1,551,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $572,838,000 in equity and $15,952,000 in loans loss reserves. That gives it a Texas Ratio of 0.26%.

Return on Equity
Westamerica Bank U.S. Bank Average
24.66% 10.46%

Westamerica Bank has a Return on Equity of 24.66% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Westamerica Bank U.S. Bank Average
9.14% 10.84%

Westamerica Bank has a Capitalization of 9.14% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Westamerica Bank Balance Sheet Analysis

As of June 30, 2024, Westamerica Bank had assets of $6,267,282,000, loans of $815,890,000, and deposits of $5,134,386,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2024
ASSETS
Cash & Balances due from depository institutions $ 486.78 million
Interest-bearing balances $ 394.40 million
Total securities $ 4.56 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 815.89 million
Loan loss allowance $ 15.95 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 121.91 million
All other assets $ 239.85 million
     Total Assets $ 5.69 billion
LIABILITIES
Total deposits $ 5.13 billion
      Interest-bearing deposits $ 2.67 billion
      Deposits held in domestic offices $ 5.13 billion
      % insured (estimated) 52.57%
Federal funds purchased and repurchase agreements $ 300.21 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 66.81 million
      Total Liabilities $ 5.69 billion
      Shareholders’ Equity $ 572.84 million

Summary Income Statement

June 30, 2024
INCOME AND EXPENSES
Total Interest Income $ 137.47 million
Total Interest Expense $ 8.36 million
Net interest income $ 129.11 million
Provision for loan and lease losses $ 0.30 million
Total non interest income $ 21.19 million
Total non interest expense $ 53.88 million
Pre-tax Net Operating Income $ 62.88 million

Bank Loan Profile?

The top three loan types in Westamerica Bank’s loan portfolio are Commercial Real Estate, Consumer Auto Loans, and Small Business Loans.

Compared to other banks in California, Westamerica Bank has a significantly higher percent of Consumer Auto Loans, Small Business Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 3.63
Multifamily
Mortgages
1.16
Credit Card Loans 0.00
Consumer Auto Loans 32.40
Small Business Loans 18.94
Construction and Development Loans 0.24
Commercial Real Estate 58.55
Commercial and Industrial Loans 16.42
Farm Loans 0.91

Customer Reviews for Westamerica Bank


  • March 9, 2021

    the worst bank I've ever dealt with in my 72 years

  • July 22, 2015

    I'm trying to find the interest paid on savings accounts but to no avail.here is this information posted? xzimppledink@hotmail.com


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