First Westroads Bank, Inc. in city_name, state_name - Detailed Financial Reports, Location

First Westroads Bank, Inc. in Omaha, Nebraska (NE)
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First Westroads Bank, Inc. routing number info

First Westroads Bank, Inc. - Overview

General
FDIC Certificate #: 19742
Status: Active
Federal Reserve ID: 222754
Bank Holding Company (Regulatory Top Holder): Ameriwest Corporation (RSSDID: 1840687, Location: Omaha, NE)
Date Established: August 15, 1967
WWW: http://www.fwbk.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 12727
FDIC's unique #: 13538
Numeric code: 13
Regulator: FED
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: Commercial Lending Specialization
Date of Deposit Insurance: August 15, 1967
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: June 21, 2010
Last Data Update: June 21, 2010
Data Source Date: April 05, 2012
Location
Address: 15750 W Dodge Rd, Omaha, NE 68118
County: Douglas
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: Omaha
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Omaha, NE-IA (#5920)
Combined Statistical Area (CSA): Omaha-Council Bluffs-Fremont, NE-IA (#420)
Core Based Statistical Area (CBSA): Omaha-Council Bluffs, NE-IA (#36540)
CBSA Metro Statistical Area: Omaha-Council Bluffs, NE-IA (#36540)
History of Changes
Change in Location
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $205.1 mil
Equity capital: $23.5 mil
Deposits held in domestic offices: $164.3 mil
Return on assets (ROA): 1.82% ($3.7 mil)
Quarterly return on assets: 1.79% ($3.7 mil)
Return on Equity (ROE): 15.92% ($3.8 mil)
Quarterly return on equity: 15.44% ($3.7 mil)
Net income: $3.6 mil
Quarterly Net income: $0.9 mil
Pretax return on assets: 1.82% ($3,733.4 mil)
Quarterly Pretax return on assets: 1.79% ($3,671.9 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
48Total employees (full-time equivalent)
$205,132Total assets
$4,902Cash and due from depository institutions
$261Interest-bearing balances
$35,560Securities
$0Federal funds sold & reverse repurchase agreements
$159,329Net loans & leases
$2,169Loan loss allowance
$0Trading account assets
$820Bank premises and fixed assets
$908Other real estate owned
$377Goodwill and other intangibles
$205,132Life insurance assets
$3,236All other assets
$181,602Total liabilities and capital
$164,341Total liabilities
$118,009Total deposits
$164,341Interest-bearing deposits
$82Deposits held in domestic offices
910.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$15,532Trading liabilities
$0Other borrowed funds
$819Subordinated debt
$23,530All other liabilities
$23,530Total equity capital
$23,530Total bank equity capital
$0Perpetual preferred stock
$900Common stock
$13,100Surplus
$9,530Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$844Income earned, not collected on loans
$0Earning assets
$883Long-term assets (5+ years)
$195,150Average Assets, year-to-date
$24,712Average Assets, quarterly
$196,241Volatile liabilities
$202,193Insider loans
$162,885FHLB advances
$201,205Loans and leases held for sale
$144Unused loan commitments
$144Tier 1 (core) risk-based capital
$22,877Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$31,506Restructured Loans and leases
$1,407Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$10,126Total interest income
$1,214Total interest expense
$8,912Net interest income
$810Provision for loan and lease losses
$1,260Total noninterest income
$0Fiduciary activities
$372Service charges on deposit accounts
$0Trading account gains & fees
$888Additional noninterest income
$5,889Total noninterest expense
$3,356Salaries and employee benefits
$964Premises and equipment expense
$1,569Additional noninterest expense
$3,473Pre-tax net operating income
$105Securities gains (losses)
$0Applicable income taxes
$3,578Income before extraordinary items
$0Extraordinary gains - net
$3,578Net income attributable to bank
$0Net charge-offs
$3,578Cash dividends
$1,037Sale, conversion, retirement of capital stock, net
$1,610Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.42%Yield on earning assets
0.65%Cost of funding earning assets
4.77%Net interest margin
0.68%Noninterest income to earning assets
3.15%Noninterest expense to earning assets
1.77%Net operating income to assets
1.82%Return on assets (ROA)
1.82%Pretax return on assets
15.92%Return on equity (ROE)
8.75%Retained earnings to average equity (YTD only)
0.67%Net charge-offs to loans
78.11%Credit loss provision to net charge-offs
4.13%Efficiency ratio
57,894Assets per employee
4.27%Cash dividends to net income (YTD only)
Condition Ratios (%)
45.00%Loss allowance to loans
1.34%Loss allowance to noncurrent loans
256.99%Noncurrent assets plus other real estate owned to assets
0.86%Noncurrent loans to loans
0.52%Net loans and leases to deposits
96.95%Net loans and leases to core deposits
102.89%Equity capital to assets
11.47%Core capital (leverage) ratio
11.37%Tier 1 risk-based capital ratio
14.04%Total risk-based capital ratio
Memoranda
$15Average assets
$196,241Average earning assets
$22,481Average equity
$186,657Average loans

List of branches

2 Nebraska Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	13538	First Westroads Bank, Inc.	15750 W Dodge Rd, Omaha, NE 68118	August 15, 1967	Full Service Brick and Mortar
2	249394	Westroads Branch	612 N. 98th Street, Omaha, NE 68114	January 03, 1977	Full Service Brick and Mortar

First Westroads Bank, Inc. in Omaha, Nebraska (NE)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Westroads Bank, Inc. - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Westroads Bank, Inc. in Omaha, Nebraska (NE)Overview, Financial Summary, Detailed Financial Reports, Branches

First Westroads Bank, Inc. - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Westroads Bank, Inc. in Omaha, Nebraska (NE)
Overview, Financial Summary, Detailed Financial Reports, Branches