Citizens National Bank of Wills Point in Wills Point, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

Citizens National Bank of Wills Point - Overview

  • General
  • FDIC Certificate #: 23450
    Status: Active
    Federal Reserve ID: 302665
    Bank Holding Company (Regulatory Top Holder): Wills Point Financial Corporation (RSSDID: 2622086, Location: Wills Point, TX)
    Date Established: May 18, 1981
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 16433
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: May 18, 1981
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 500 North Fourth Street, Wills Point, TX 75169
    County: Van Zandt
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Dallas
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $97.5 mil
    Equity capital: $11.7 mil
    Deposits held in domestic offices: $85.4 mil
    Return on assets (ROA): 2.03% ($2.0 mil)
    Quarterly return on assets: 1.77% ($1.7 mil)
    Return on Equity (ROE): 17.96% ($2.2 mil)
    Quarterly return on equity: 15.11% ($1.8 mil)
    Net income: $1.9 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 2.03% ($1,978.4 mil)
    Quarterly Pretax return on assets: 1.77% ($1,725.0 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 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, 2011)

  • Dollar figures in thousands
  • 23Total employees (full-time equivalent)
  • $97,458Total assets
  • $15,925Cash and due from depository institutions
  • $11,129Interest-bearing balances
  • $23,616Securities
  • $770Federal funds sold & reverse repurchase agreements
  • $54,450Net loans & leases
  • $747Loan loss allowance
  • $0Trading account assets
  • $808Bank premises and fixed assets
  • $45Other real estate owned
  • $0Goodwill and other intangibles
  • $97,458Life insurance assets
  • $1,844All other assets
  • $85,772Total liabilities and capital
  • $85,394Total liabilities
  • $69,755Total deposits
  • $85,394Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $378Subordinated debt
  • $11,686All other liabilities
  • $11,686Total equity capital
  • $11,686Total bank equity capital
  • $0Perpetual preferred stock
  • $625Common stock
  • $2,581Surplus
  • $8,480Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $571Long-term assets (5+ years)
  • $89,965Average Assets, year-to-date
  • $18,180Average Assets, quarterly
  • $94,977Volatile liabilities
  • $97,852Insider loans
  • $56,294FHLB advances
  • $98,407Loans and leases held for sale
  • $951Unused loan commitments
  • $951Tier 1 (core) risk-based capital
  • $10,923Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,976Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,304Total interest income
  • $568Total interest expense
  • $3,736Net interest income
  • $70Provision for loan and lease losses
  • $718Total noninterest income
  • $0Fiduciary activities
  • $570Service charges on deposit accounts
  • $0Trading account gains & fees
  • $148Additional noninterest income
  • $2,452Total noninterest expense
  • $1,178Salaries and employee benefits
  • $261Premises and equipment expense
  • $1,013Additional noninterest expense
  • $1,932Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,932Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,932Net income attributable to bank
  • $0Net charge-offs
  • $1,932Cash dividends
  • $14Sale, conversion, retirement of capital stock, net
  • $1,212Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.93%Yield on earning assets
  • 0.65%Cost of funding earning assets
  • 4.28%Net interest margin
  • 0.82%Noninterest income to earning assets
  • 2.81%Noninterest expense to earning assets
  • 2.03%Net operating income to assets
  • 2.03%Return on assets (ROA)
  • 2.03%Pretax return on assets
  • 17.96%Return on equity (ROE)
  • 6.69%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 500.00%Credit loss provision to net charge-offs
  • 143.00%Efficiency ratio
  • 55,052Assets per employee
  • 4.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 62.73%Loss allowance to loans
  • 1.35%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.05%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 63.76%Net loans and leases to core deposits
  • 70.62%Equity capital to assets
  • 11.99%Core capital (leverage) ratio
  • 11.10%Tier 1 risk-based capital ratio
  • 19.40%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $94,977Average earning assets
  • $10,755Average equity
  • $87,377Average loans

List of branches

  • 2 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016433Citizens National Bank Of Wills Poin500 North Fourth Street, Wills Point, TX 75169May 18, 1981Full Service Brick and Mortar
    1256342Grand Saline BranchFrank Street And Naiad Street, Grand Saline, TX 75140May 05, 1994Full Service Brick and Mortar

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