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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 26, 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 $ 972.07 million
Loans $ 585.83 million
Deposits $ 854.03 million
Capital $ 76.65 million

Summary Balance Sheet as of December 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 56.50 million
Interest-bearing balances $ 52.08 million
Total securities $ 233.36 million
Federal funds sold and reverse repurchase $ 30.79 million
Net loans and leases $ 585.83 million
Loan loss allowance $ 6.85 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 1.99 million
Goodwill and other intangibles $ 7.03 million
All other assets $ 37.55 million
     Total Assets $ 895.42 million

LIABILITIES
Total deposits $ 854.03 million
      Interest-bearing deposits $ 589.34 million
      Deposits held in domestic offices $ 854.03 million
      % insured (estimated)" 73.61%
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 $ 895.42 million
      Shareholders’ Equity $ 76.65 million

Summary Income Statement as of December 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 46.49 million
Total Interest Expense $ 20.16 million
Net interest income $ 26.33 million
Provision for loan and lease losses $ 0.95 million
Total non interest income $ 6.69 million
Total non interest expense $ 20.73 million
Pre-tax Net Operating Income $ 5.22 million

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West Alabama Bank & Trust Locations

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