WEX Bank

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WEX Bank Locations

Deposit Rates - April 20, 2021

Overview 2021

General Bank Information

FDIC Insured Yes
FDIC Certificate # 34697
Date Established 1998
Assets $ 2.11 billion
Loans $ 1,695.67 million
Deposits $ 1,686.13 million
Capital $ 287.58 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 169.60 million
Interest-bearing balances $ 41.97 million
Total securities $ 28.27 million
Federal funds sold and reverse repurchase $ 0.22 million
Net loans and leases $ 1,695.67 million
Loan loss allowance $ 11.57 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 215.63 million
     Total Assets $ 1,821.83 million

LIABILITIES
Total deposits $ 1,686.13 million
      Interest-bearing deposits $ 943.29 million
      Deposits held in domestic offices $ 1,681.17 million
      % insured (estimated) 79.66%
Federal funds purchased and repurchase agreements $ 20.00 million
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 115.71 millionn
      Total Liabilities $ 1,821.83 million
      Shareholders’ Equity $ 287.58 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 491.19 million
Total Interest Expense $ 23.13 million
Net interest income $ 468.06 million
Provision for loan and lease losses $ 24.42 million
Total non interest income $ 403.56 million
Total non interest expense $ 701.38 million
Pre-tax Net Operating Income $ 145.82 million

WEX Bank is an FDIC insured institution headquartered at 7090 South Union Park Avenue, Suite 350, Midvale, UT 84047.
It was founded in 1998 and has approximately $2 billion in assets. Customers can open an account at one of its 1 branches.