Citizens National Bank of Wills Point in Wills Point, Texas (TX)



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Citizens National Bank of Wills Point routing number info

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Citizens National Bank of Wills Point
GeneralFDIC 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
WWW: http://www.citizensnational.org
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)23
Total assets$97,458
Cash and due from depository institutions$15,925
Interest-bearing balances$11,129
Securities$23,616
Federal funds sold & reverse repurchase agreements$770
Net loans & leases$54,450
Loan loss allowance $747
Trading account assets$0
Bank premises and fixed assets$808
Other real estate owned$45
Goodwill and other intangibles$0
All other assets$1,844
Life insurance assets$97,458
Total liabilities and capital$85,772
Total liabilities$85,394
Total deposits$69,755
Interest-bearing deposits$85,394
Deposits held in domestic offices$86
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $378
All other liabilities $11,686
Total equity capital$11,686
Total bank equity capital$11,686
Perpetual preferred stock$0
Common stock$625
Surplus$2,581
Undivided profits $8,480
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $0
Long-term assets (5+ years) $571
Average Assets, year-to-date $89,965
Average Assets, quarterly $18,180
Volatile liabilities $94,977
Insider loans $97,852
FHLB advances $56,294
Loans and leases held for sale $98,407
Unused loan commitments $951
Tier 1 (core) risk-based capital $951
Tier 2 risk-based capital $10,923
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,976
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,304
Total interest expense $568
Net interest income $3,736
Provision for loan and lease losses $70
Total noninterest income $718
Fiduciary activities $0
Service charges on deposit accounts $570
Trading account gains & fees $0
Additional noninterest income $148
Total noninterest expense $2,452
Salaries and employee benefits $1,178
Premises and equipment expense $261
Additional noninterest expense $1,013
Pre-tax net operating income $1,932
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $1,932
Extraordinary gains - net $0
Net income attributable to bank $1,932
Net charge-offs $0
Cash dividends $1,932
Sale, conversion, retirement of capital stock, net $14
Net operating income $1,212
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.93%
Cost of funding earning assets 0.65%
Net interest margin 4.28%
Noninterest income to earning assets 0.82%
Noninterest expense to earning assets 2.81%
Net operating income to assets 2.03%
Return on assets (ROA) 2.03%
Pretax return on assets 2.03%
Return on equity (ROE) 17.96%
Retained earnings to average equity (YTD only) 6.69%
Net charge-offs to loans 0.03%
Credit loss provision to net charge-offs 500.00%
Efficiency ratio143.00%
Assets per employee$55,052
Cash dividends to net income (YTD only)4.24%
Condition Ratios (%)
Loss allowance to loans 62.73%
Loss allowance to noncurrent loans 1.35%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.05%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 63.76%
Equity capital to assets 70.62%
Core capital (leverage) ratio 11.99%
Tier 1 risk-based capital ratio 11.10%
Total risk-based capital ratio 19.40%
Memoranda
Average assets$21
Average earning assets$94,977
Average equity $10,755
Average loans $87,377
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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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