Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 401 Fair Meadow Drive, P.O. Box 638 WEBSTER CITY IA 50595 |
Tel: | N/A |
Website: | https://www.wcfbank.com |
IR: | See website |
Key People | ||
N/A |
Business Overview |
WCF Bancorp, Inc. is a holding company for WCF Financial Bank (the Bank). The Bank is a state-chartered non-member bank and regulated by the Federal Deposit Insurance Corporation (FDIC) and the Iowa Division of Banking and has deposit insurance through the FDIC. The Bank has full-service offices in Webster City, Independence and Tama, Iowa. The Bank provides banking services to its local respective markets. The Bank's personal banking services include checking, including Kasasa Cash and Kasasa Cash Back; Money Market Accounts; Savings and certificate of deposits (CDs), including Kasasa Saver and Christmas Club; debit/automated teller machine (ATM) cards, credit cards, and loans. The Bank's business banking services include business checking, business savings, business credit cards and business loans. Its agricultural banking includes agricultural checking, agricultural savings, agricultural credit cards and agricultural loans. |
Financial Overview |
For the three months ended 31 March 2019, WCF Bancorp Inc interest income increased 9% to $1.1M. Net interest income after loan loss provision decreased 1% to $727K. Net loss totaled $15K vs. income of $285K. Net interest income after loan loss provision reflects Investment securities - tax exempt decrease of 15% to $53K. Net loss reflects Deposits increase of 35% to $223K (expense), Accounting. |
Employees: | 24 as of Dec 31, 2003 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $9.76M as of Mar 31, 2019 |
Annual revenue (TTM): | $4.17M as of Mar 31, 2019 |
EBITDA (TTM): | $0.87M as of Mar 31, 2019 |
Net annual income (TTM): | -$0.07M as of Mar 31, 2019 |
Free cash flow (TTM): | $0.09M as of Mar 31, 2019 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 2,561,542 as of May 14, 2019 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |