First National Bank in Wheeler in Wheeler, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 30, 1994

  • First National Bank in Wheeler in Wheeler, Texas (TX)
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First National Bank in Wheeler - Overview

  • General
  • FDIC Certificate #: 16901
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wellington State Bank (#1219)
    Federal Reserve ID: 295066
    Date Established: January 01, 1908
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 10988
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: April 12, 1950
    Last Structure Change Effective Date: July 30, 1994
    Last Structure Change Process Date: August 16, 1994
    Last Data Update: August 16, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 405 Alan L. Bean Boulevard, Wheeler, TX 79096
    County: Wheeler
    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
  • Financial Summary
  • Total assets: $33.9 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $14Total assets
  • $35,836Cash and due from depository institutions
  • $1,437Interest-bearing balances
  • $0Securities
  • $20,424Federal funds sold & reverse repurchase agreements
  • $4,555Net loans & leases
  • $8,690Loan loss allowance
  • $250Trading account assets
  • $0Bank premises and fixed assets
  • $283Other real estate owned
  • $0Goodwill and other intangibles
  • $447Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $35,836Total liabilities
  • $31,093Total deposits
  • $30,978Interest-bearing deposits
  • $27,700Deposits held in domestic offices
  • 30978.00%% insured (estimated)
  • $83Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $115Total equity capital
  • $115Total bank equity capital
  • $4,743Perpetual preferred stock
  • $0Common stock
  • $114Surplus
  • $368Undivided profits
  • Memoranda
  • $4,261Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $942Income earned, not collected on loans
  • $73Earning assets
  • $33,669Long-term assets (5+ years)
  • $7,557Average Assets, year-to-date
  • $35,132Average Assets, quarterly
  • $35,041Volatile liabilities
  • $3,995Insider loans
  • $2,372FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2,384Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,743Total risk weighted assets
  • $13,950Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,311Total interest expense
  • $864Net interest income
  • $1,447Provision for loan and lease losses
  • $7Total noninterest income
  • $87Fiduciary activities
  • $0Service charges on deposit accounts
  • $75Trading account gains & fees
  • $0Additional noninterest income
  • $12Total noninterest expense
  • $940Salaries and employee benefits
  • $518Premises and equipment expense
  • $104Additional noninterest expense
  • $318Pre-tax net operating income
  • $587Securities gains (losses)
  • $11Applicable income taxes
  • $123Income before extraordinary items
  • $475Extraordinary gains - net
  • $0Net income attributable to bank
  • $475Net charge-offs
  • $91Cash dividends
  • $100Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.96%Cost of funding earning assets
  • 2.60%Net interest margin
  • 4.36%Noninterest income to earning assets
  • 0.26%Noninterest expense to earning assets
  • 2.83%Net operating income to assets
  • 1.33%Return on assets (ROA)
  • 1.35%Pretax return on assets
  • 1.70%Return on equity (ROE)
  • 10.35%Retained earnings to average equity (YTD only)
  • 8.17%Net charge-offs to loans
  • 0.97%Credit loss provision to net charge-offs
  • 7.69%Efficiency ratio
  • 61,278Assets per employee
  • 2.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 21.05%Loss allowance to loans
  • 2.80%Loss allowance to noncurrent loans
  • 26.54%Noncurrent assets plus other real estate owned to assets
  • 2.63%Noncurrent loans to loans
  • 10.54%Net loans and leases to deposits
  • 28.05%Net loans and leases to core deposits
  • 32.21%Equity capital to assets
  • 13.24%Core capital (leverage) ratio
  • 13.24%Tier 1 risk-based capital ratio
  • 34.00%Total risk-based capital ratio
  • Memoranda
  • $35Average assets
  • $35,132Average earning assets
  • $4,591Average equity
  • $33,225Average loans

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