FDIC Certificate #: 24340 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:West Texas State Bank (#15466) Federal Reserve ID: 715760 Date Established: January 21, 1983 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 16933 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 21, 1983 Last Structure Change Effective Date: December 08, 2000 Last Structure Change Process Date: Febuary 09, 2001 Last Data Update: Febuary 09, 2001 Data Source Date: April 05, 2012
Location
Address: 1501 West University Boulevard, Odessa, TX 79760 County: Ector Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Lubbock Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Odessa-Midland, TX (#5800) Combined Statistical Area (CSA): Midland-Odessa, TX (#372) Core Based Statistical Area (CBSA): Odessa, TX (#36220) CBSA Metro Statistical Area: Odessa, TX (#36220)
Financial Summary
Total assets: $27.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
15Total employees (full-time equivalent)
$22,797Total assets
$2,304Cash and due from depository institutions
$600Interest-bearing balances
$3,378Securities
$3,050Federal funds sold & reverse repurchase agreements
$12,451Net loans & leases
$81Loan loss allowance
$0Trading account assets
$1,427Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$187All other assets
$22,797Total liabilities and capital
$20,482Total liabilities
$20,403Total deposits
$9,739Interest-bearing deposits
$20,403Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$79All other liabilities
$2,315Total equity capital
$2,315Total bank equity capital
$2,315Perpetual preferred stock
$0Common stock
$253Surplus
$1,447Undivided profits
Memoranda
$615Noncurrent loans and leases
$1,008Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$14Earning assets
$0Long-term assets (5+ years)
$91Average Assets, year-to-date
$19,479Average Assets, quarterly
$1,119Volatile liabilities
$23,867Insider loans
$23,254FHLB advances
$3,356Loans and leases held for sale
$322Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,008Total unused commitments
$0Restructured Loans and leases
$81Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$1,547Total interest income
$391Total interest expense
$1,156Net interest income
$155Provision for loan and lease losses
$182Total noninterest income
$0Fiduciary activities
$147Service charges on deposit accounts
$0Trading account gains & fees
$35Additional noninterest income
$933Total noninterest expense
$463Salaries and employee benefits
$185Premises and equipment expense
$285Additional noninterest expense
$250Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$250Income before extraordinary items
$0Extraordinary gains - net
$250Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$152Sale, conversion, retirement of capital stock, net
$25Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.70%Yield on earning assets
1.95%Cost of funding earning assets
5.75%Net interest margin
0.91%Noninterest income to earning assets
4.64%Noninterest expense to earning assets
1.05%Net operating income to assets
1.05%Return on assets (ROA)
1.05%Pretax return on assets
10.71%Return on equity (ROE)
9.64%Retained earnings to average equity (YTD only)
1.26%Net charge-offs to loans
101.97%Credit loss provision to net charge-offs
2.66%Efficiency ratio
69,731Assets per employee
1.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
10.00%Loss allowance to loans
0.65%Loss allowance to noncurrent loans
578.57%Noncurrent assets plus other real estate owned to assets
0.06%Noncurrent loans to loans
0.11%Net loans and leases to deposits
61.03%Net loans and leases to core deposits
73.04%Equity capital to assets
10.15%Core capital (leverage) ratio
9.70%Tier 1 risk-based capital ratio
14.08%Total risk-based capital ratio
Memoranda
$15Average assets
$23,867Average earning assets
$2,334Average equity
$20,101Average loans
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