Banks | Woodforest National Bank

Woodforest National Bank


Woodforest National Bank is an FDIC insured institution headquartered at 1330 Lake Robbins Dr, The Woodlands, TX 77380.
It was founded in 1980 and has approximately $9 billion in assets. Customers can open an account at one of its 753 branches.

Deposit Rates - January 29, 2023

SAVINGS RATES APY MIN
Savings
0.03% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.05% $10,000 Compare
6 Mo CD
0.05% $100,000 Compare
12 Mo CD
0.15% $10,000 Compare
12 Mo CD
0.15% $100,000 Compare
24 Mo CD
0.20% $10,000 Compare
24 Mo CD
0.20% $100,000 Compare
36 Mo CD
0.25% $10,000 Compare
36 Mo CD
0.25% $100,000 Compare
48 Mo CD
0.35% $10,000 Compare
48 Mo CD
0.35% $100,000 Compare
60 Mo CD
0.45% $10,000 Compare
60 Mo CD
0.45% $100,000 Compare
MM RATES APY MIN
Money Market
0.20% $2,500 Compare
Money Market
0.20% $10,000 Compare
Money Market
0.20% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.10% $1
Int Ckg
0.10% $2,500

Overview 2023

General Bank Information

FDIC Insured Yes
FDIC Certificate # 23220
Date Established 1980
Assets $ 9.24 billion
Loans $ 5.87 billion
Deposits $ 8.35 billion
Capital $ 674.34 million

Summary Balance Sheet

ASSETS
Cash & Balances due from depository institutions $ 740.25 million
Interest-bearing balances $ 507.94 million
Total securities $ 2.15 billion
Federal funds sold and reverse repurchase $ 8.09 million
Net loans and leases $ 5.87 billion
Loan loss allowance $ 86.29 million
Trading account assets $ 2.66 million
Bank premises and fixed assets N.A.
Other real estate owned $ 0.75 million
Goodwill and other intangibles N.A.
All other assets $ 357.89 million
     Total Assets $ 8.57 billion

LIABILITIES
Total deposits $ 8.35 billion
      Interest-bearing deposits $ 4.96 billion
      Deposits held in domestic offices $ 8.35 billion
      % insured (estimated) 66.98%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities $ 2.66 million
Other borrowed funds $ 150.00 million
Subordinated debt N.A.
All other liabilities $ 63.78 millionn
      Total Liabilities $ 8.57 billion
      Shareholders’ Equity $ 674.34 million

Summary Income Statement

INCOME AND EXPENSES
Total Interest Income $ 143.95 million
Total Interest Expense $ 4.55 million
Net interest income $ 139.41 million
Provision for loan and lease losses $ 15.80 million
Total non interest income $ 245.92 million
Total non interest expense $ 269.23 million
Pre-tax Net Operating Income $ 100.29 million

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Woodforest National Bank Locations

Savings Comparison

This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.

PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES

Tax Rate: 30%

All calculations are for demonstration purposes only.

  • 1
    LOCAL CD
    Woodforest National Bank
    Bank
    VIRGINIA
    $50,000
    6 Month
    0.05%
    0.18x (National Avg. - 0.28%)
    $10,000
    -
    SCENARIO
    Year Rate
    0.05%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 25 18
    2 50,025 25 18
    3 50,050 25 18
    4 50,075 25 18
    5 50,100 25 18
    6 50,125 25 18
    7 50,150 25 18
    8 50,175 25 18
    9 50,200 25 18
    10 50,225 25 18
    11 50,251 25 18
    12 50,276 25 18
    13 50,301 25 18
    14 50,326 25 18
    15 50,351 25 18
    16 50,376 25 18
    17 50,402 25 18
    18 50,427 25 18
    19 50,452 25 18
    20 50,477 25 18
    TOTAL $502 $352
  • 2
    LOCAL CD
    Discover Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    12 Month
    4.15%
    9.63x (National Avg. - 0.43%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.15%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,075 1,453
    2 52,075 2,161 1,513
    3 54,236 2,251 1,576
    4 56,487 2,344 1,641
    5 58,831 2,441 1,709
    6 61,273 2,543 1,780
    7 63,815 2,648 1,854
    8 66,464 2,758 1,931
    9 69,222 2,873 2,011
    10 72,095 2,992 2,094
    11 75,087 3,116 2,181
    12 78,203 3,245 2,272
    13 81,448 3,380 2,366
    14 84,828 3,520 2,464
    15 88,349 3,666 2,567
    16 92,015 3,819 2,673
    17 95,834 3,977 2,784
    18 99,811 4,142 2,900
    19 103,953 4,314 3,020
    20 108,267 4,493 3,145
    TOTAL $62,760 $43,932
  • 3
    LOCAL CD
    Discover Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    24 Month
    4.30%
    7.80x (National Avg. - 0.55%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.30%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,150 1,505
    2 52,150 2,242 1,570
    3 54,392 2,339 1,637
    4 56,731 2,439 1,708
    5 59,171 2,544 1,781
    6 61,715 2,654 1,858
    7 64,369 2,768 1,938
    8 67,137 2,887 2,021
    9 70,024 3,011 2,108
    10 73,035 3,140 2,198
    11 76,175 3,276 2,293
    12 79,451 3,416 2,391
    13 82,867 3,563 2,494
    14 86,430 3,717 2,602
    15 90,147 3,876 2,713
    16 94,023 4,043 2,830
    17 98,066 4,217 2,952
    18 102,283 4,398 3,079
    19 106,681 4,587 3,211
    20 111,268 4,785 3,349
    TOTAL $66,053 $46,237
  • 4
    LOCAL CD
    Discover Bank , ★ TOP PICK ★
    Online Bank
    -
    $50,000
    60 Month
    4.40%
    5.45x (National Avg. - 0.81%)
    $2,500
    -
    SCENARIO
    Year Rate
    4.40%    		 Annual
    Interest    		 Annual Interest
    (After Tax)
    1 50,000 2,200 1,540
    2 52,200 2,297 1,608
    3 54,497 2,398 1,679
    4 56,895 2,503 1,752
    5 59,398 2,614 1,829
    6 62,012 2,729 1,910
    7 64,740 2,849 1,994
    8 67,589 2,974 2,082
    9 70,563 3,105 2,173
    10 73,667 3,241 2,269
    11 76,909 3,384 2,369
    12 80,293 3,533 2,473
    13 83,825 3,688 2,582
    14 87,514 3,851 2,695
    15 91,364 4,020 2,814
    16 95,384 4,197 2,938
    17 99,581 4,382 3,067
    18 103,963 4,574 3,202
    19 108,537 4,776 3,343
    20 113,313 4,986 3,490
    TOTAL $68,299 $47,809


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