Wyoming Community Bank: Overview of the bank

Wyoming Community Bank was established in the year 1999. The bank’s main office is located in Wyoming state in the city of Riverton. The Federal Deposit Insurance Corporation has provided insurance to the bank since 1999. The FDIC is one of two governmental agencies that supplies deposit insurance to American depositary institutions. The other is the NCUA.  Mainly because of its relative size and presence, the bank is considered to be a community bank, instead of a national bank. Based on our estimates, we believe its asset base of $212 million ranks it in the 40th percentile of banks in the United States. Wyoming Community Bank is essentially a purely domestic bank from an operational standpoint. This is because the bank does not have offices outside of the United States. Within the U.S. the bank currently has 3 offices, all of which are located in the state of Wyoming. As of this writing, the bank employed a total of 35 people.

Discussion of the key components of the Bank’s Balance Sheet

As previously indicated, the bank currently has total assets of $212 million, which makes it a relatively small bank in the United States. The bank also has net loans outstanding to customers of $116 million and a deposit base of $178 million. Domestic deposits currently represent (in terms of total size), 84% of the bank’s total assets, and 100% of the bank’s total deposits outstanding. Within these deposits 78% are insured based on the latest available information. Moving on to the bank’s assets, based on the latest information, loans to customers makes up 56% of the banks assets. Of this amount, loans related to real estate comprised 60% of gross loans outstanding. Wyoming Community Bank has $18 million of outstanding 1-4 family residential loans (mortgages), which in total represents 15% of its loans outstanding. Loans to individuals and loans to commercial and industrial interests represent 7% and 17% of loans outstanding, respectively. Loans to farmland and farms represents 25% of loans outstanding.

Contact Information For Wyoming Community Bank

Main Office Address: 1700 N. Fedl Blvd., Riverton, WY 82501

Website: http://www.wyocb.com

Other Facts About The Bank

The information below details additional data points on the bank.

  • Total Number of Branches: 3
  • Total Number of International Branches: None
  • Number of Employees: 35
  • FDIC Certificate Number: 35220
  • FDIC Community Bank: Yes
  • FDIC Field Office: Billings
  • Independent or Subsidiary Bank: Independent
  • Federal Reserve ID Number: 2806840
  • Bank Charter Class: SM
  • Primary Regulator: FED

Financial Overview

wyoming community bank-financial-metrics-sept-21

The bank had total assets of $212 million based on the latest available information. Its total assets have increased substantially over the past year, with an increase of 17.8% . Moving to the bank’s loan portfolio, the bank has net loans outstanding of $116 million based on the latest available information. Its net loans outstanding have increased substantially over the past year, with an increase of 16.3% . Within the loan portfolio, residential mortgages make up 15% of the outstanding loans of the bank, and over the past year have registered an increase of 2.0%. In addition, the bank provides loans to commercial and industrial businesses, which represents 16.9% of its total lending and stood at $20 million based on the latest available information. The bank also provides loans for farm-related activities, which currently amounts to 24.7% of its total loan portfolio. Finally, the bank also engages in the provision of auto loans. These are loans provided to customers to help finance vehicle purchases. Auto loans represent 4.9% of the bank’s total lending.

Bank Liquidity and Funding

While most banks are insured by the FDIC, the insurance coverage does not always provide full protection. Therefore understanding a banks liquidity and funding is important to help assess the riskiness of a banks balance sheet. Customer deposits is usually one of the cheapest ways to finance a bank. This is especially the case for accounts that don’t pay interest, such as checking accounts. Wyoming Community Bank has total customer deposits of $178 million. Looking over the past year, its deposit base has increased substantially with a growth rate of 15.6%. In addition, the bank has a loan to deposit ratio of 65%, which is well below the average of banks in the United States. The average in the United States is approximately 82% and as a reminder, a lower ratio indicates greater liquidity. The entirety of the bank’s deposit base stems from domestic depositors.

Bank Performance and Capital Metrics

wyoming community bank-performance-metrics-sept-21

Above we have shown a summary of some of the performance metrics for Wyoming Community Bank compared with the average U.S. bank. When it comes to the bank’s return on assets, over the past year it has improved. Importantly, on this metric we can also see that the bank is below the average bank. Return on assets tells us how productive a bank is being with its asset base. Moving on to the bank’s return on equity, which tells us how much of a return the bank has generated for its owners, over the past year it has improved. In addition, we can also see that the bank is above the average bank on this metric. The bank’s total leverage ratio has been relatively stable over the past year and is currently below the national average. Finally, we could not find Wyoming Community Bank’s risk-weighted asset information for this period and therefore had to make some assumptions and estimates. We estimate that the bank had a tier 1 capital ratio of 14.2% which is below the average U.S. bank.

Conclusion: Wyoming Community Bank

After factoring in all the relevant information and data, our final rating for Wyoming Community Bank is 3.4 out of 5.0, which is very good. Specifically, an area of strength for the bank would be its cost of funds which is above the national average. Conversely the bank’s tier 1 capital is one of the primary drawbacks on its rating as on this metric, the bank is below average. Finally, please note that the rating information is based on our proprietary scoring system. This system was developed by us and leverages data from a nationwide bank study. Importantly, keep in mind that none of the work presented is intended to be investment advice or advice of any sort and is presented purely for informational purposes.