First State Bank of Ben Wheeler, Texas in Ben Wheeler, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

First State Bank of Ben Wheeler, Texas - Overview

  • General
  • FDIC Certificate #: 11904
    Status: Active
    Federal Reserve ID: 31657
    Date Established: Febuary 17, 1911
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 7602
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    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: 14269 State Highway 64, Ben Wheeler, TX 75754
    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: $113.7 mil
    Equity capital: $11.9 mil
    Deposits held in domestic offices: $100.9 mil
    Return on assets (ROA): 1.78% ($2.0 mil)
    Quarterly return on assets: 1.35% ($1.5 mil)
    Return on Equity (ROE): 17.15% ($2.1 mil)
    Quarterly return on equity: 13.07% ($1.6 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.78% ($2,023.8 mil)
    Quarterly Pretax return on assets: 1.35% ($1,534.9 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
  • 31Total employees (full-time equivalent)
  • $113,698Total assets
  • $2,403Cash and due from depository institutions
  • $0Interest-bearing balances
  • $64,617Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $41,560Net loans & leases
  • $474Loan loss allowance
  • $0Trading account assets
  • $1,648Bank premises and fixed assets
  • $243Other real estate owned
  • $0Goodwill and other intangibles
  • $113,698Life insurance assets
  • $3,227All other assets
  • $101,847Total liabilities and capital
  • $100,857Total liabilities
  • $83,637Total deposits
  • $100,857Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 805.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $185Subordinated debt
  • $11,851All other liabilities
  • $11,851Total equity capital
  • $11,851Total bank equity capital
  • $0Perpetual preferred stock
  • $60Common stock
  • $2,210Surplus
  • $9,581Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $307Income earned, not collected on loans
  • $0Earning assets
  • $568Long-term assets (5+ years)
  • $106,177Average Assets, year-to-date
  • $70,052Average Assets, quarterly
  • $109,498Volatile liabilities
  • $112,872Insider loans
  • $51,479FHLB advances
  • $112,522Loans and leases held for sale
  • $2,221Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,851Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,221Total unused commitments
  • $3,916Restructured Loans and leases
  • $375Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,972Total interest income
  • $829Total interest expense
  • $4,143Net interest income
  • $150Provision for loan and lease losses
  • $693Total noninterest income
  • $0Fiduciary activities
  • $501Service charges on deposit accounts
  • $0Trading account gains & fees
  • $192Additional noninterest income
  • $2,736Total noninterest expense
  • $1,257Salaries and employee benefits
  • $350Premises and equipment expense
  • $1,129Additional noninterest expense
  • $1,950Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,950Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,950Net income attributable to bank
  • $0Net charge-offs
  • $1,950Cash dividends
  • $224Sale, conversion, retirement of capital stock, net
  • $1,015Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.89%Yield on earning assets
  • 0.82%Cost of funding earning assets
  • 4.08%Net interest margin
  • 0.68%Noninterest income to earning assets
  • 2.69%Noninterest expense to earning assets
  • 1.78%Net operating income to assets
  • 1.78%Return on assets (ROA)
  • 1.78%Pretax return on assets
  • 17.15%Return on equity (ROE)
  • 8.22%Retained earnings to average equity (YTD only)
  • 0.54%Net charge-offs to loans
  • 66.96%Credit loss provision to net charge-offs
  • 9.38%Efficiency ratio
  • 56,576Assets per employee
  • 3.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.05%Loss allowance to loans
  • 1.13%Loss allowance to noncurrent loans
  • 154.40%Noncurrent assets plus other real estate owned to assets
  • 0.48%Noncurrent loans to loans
  • 0.73%Net loans and leases to deposits
  • 41.21%Net loans and leases to core deposits
  • 46.76%Equity capital to assets
  • 10.42%Core capital (leverage) ratio
  • 10.53%Tier 1 risk-based capital ratio
  • 23.02%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $109,498Average earning assets
  • $11,370Average equity
  • $101,626Average loans

List of branches

  • 4 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07602First State Bank Of Ben Wheeler, Texas14269 State Highway 64, Ben Wheeler, TX 75754Febuary 17, 1911Full Service Brick and Mortar
    1225993Edom Branch8159 Fm Road 279, Ben Wheeler, TX 75754November 09, 1987Full Service Brick and Mortar
    2360544Canton BranchHighway 19 And Fm 2909, Canton, TX 75103July 05, 2001Full Service Brick and Mortar
    3493773Edgewood Branch404 Hwy 80 W, Edgewood, TX 75117April 06, 2009Full Service Brick and Mortar

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