The Waggoner National Bank of Vernon in Vernon, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Waggoner National Bank of Vernon - Overview

  • General
  • FDIC Certificate #: 5569
    Status: Active
    Federal Reserve ID: 548267
    Bank Holding Company (Regulatory Top Holder): Waggoner National Bancshares, Inc. (RSSDID: 3386321, Location: Vernon, TX)
    Date Established: July 03, 1899
    Trust Powers Granted: Yes
    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 #: 3789
    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: Commercial 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: 1818 Texas Street, Vernon, TX 76384
    County: Wilbarger
    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
    Core Based Statistical Area (CBSA): Vernon, TX (#46900)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $244.2 mil
    Equity capital: $33.9 mil
    Deposits held in domestic offices: $208.9 mil
    Return on assets (ROA): 2.10% ($5.1 mil)
    Quarterly return on assets: 1.87% ($4.6 mil)
    Return on Equity (ROE): 15.50% ($5.3 mil)
    Quarterly return on equity: 13.59% ($4.6 mil)
    Net income: $5.0 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 2.10% ($5,128.4 mil)
    Quarterly Pretax return on assets: 1.87% ($4,566.7 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
  • 60Total employees (full-time equivalent)
  • $244,209Total assets
  • $7,839Cash and due from depository institutions
  • $2,173Interest-bearing balances
  • $76,063Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $143,903Net loans & leases
  • $4,358Loan loss allowance
  • $0Trading account assets
  • $2,293Bank premises and fixed assets
  • $46Other real estate owned
  • $0Goodwill and other intangibles
  • $244,209Life insurance assets
  • $14,065All other assets
  • $210,332Total liabilities and capital
  • $208,942Total liabilities
  • $183,709Total deposits
  • $208,942Interest-bearing deposits
  • $73Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,390Subordinated debt
  • $33,877All other liabilities
  • $33,877Total equity capital
  • $33,877Total bank equity capital
  • $0Perpetual preferred stock
  • $1,060Common stock
  • $10,060Surplus
  • $22,757Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,210Income earned, not collected on loans
  • $0Earning assets
  • $1,656Long-term assets (5+ years)
  • $222,139Average Assets, year-to-date
  • $95,165Average Assets, quarterly
  • $239,076Volatile liabilities
  • $246,248Insider loans
  • $167,358FHLB advances
  • $250,389Loans and leases held for sale
  • $8,263Unused loan commitments
  • $8,263Tier 1 (core) risk-based capital
  • $32,133Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,691Restructured Loans and leases
  • $2,213Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,206Total interest income
  • $1,721Total interest expense
  • $9,485Net interest income
  • $1,800Provision for loan and lease losses
  • $2,690Total noninterest income
  • $826Fiduciary activities
  • $1,130Service charges on deposit accounts
  • $0Trading account gains & fees
  • $734Additional noninterest income
  • $5,665Total noninterest expense
  • $3,334Salaries and employee benefits
  • $598Premises and equipment expense
  • $1,733Additional noninterest expense
  • $4,710Pre-tax net operating income
  • $306Securities gains (losses)
  • $0Applicable income taxes
  • $5,016Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,016Net income attributable to bank
  • $0Net charge-offs
  • $5,016Cash dividends
  • $1,877Sale, conversion, retirement of capital stock, net
  • $4,104Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.22%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 4.42%Net interest margin
  • 1.25%Noninterest income to earning assets
  • 2.64%Noninterest expense to earning assets
  • 1.97%Net operating income to assets
  • 2.10%Return on assets (ROA)
  • 2.10%Pretax return on assets
  • 15.50%Return on equity (ROE)
  • 2.82%Retained earnings to average equity (YTD only)
  • 1.27%Net charge-offs to loans
  • 95.90%Credit loss provision to net charge-offs
  • 3.47%Efficiency ratio
  • 46,530Assets per employee
  • 4.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 81.82%Loss allowance to loans
  • 2.94%Loss allowance to noncurrent loans
  • 360.17%Noncurrent assets plus other real estate owned to assets
  • 0.51%Noncurrent loans to loans
  • 0.82%Net loans and leases to deposits
  • 68.87%Net loans and leases to core deposits
  • 79.76%Equity capital to assets
  • 13.87%Core capital (leverage) ratio
  • 12.83%Tier 1 risk-based capital ratio
  • 19.20%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $239,076Average earning assets
  • $32,369Average equity
  • $214,629Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $143,610Managed Assets
  • 1Number of Accounts
  • $134,446Personal trust and agency accounts
  • $104,513Employee benefit-defined contribution accounts
  • $202Employee benefit-defined benefit accounts
  • $6,172Other retirement accounts
  • $1,932Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $17,283Other fiduciary accounts
  • $543Fiduciary accounts held in foreign offices
  • $3,801Non-managed Assets
  • 160Number of Accounts
  • $0Personal trust and agency accounts
  • $1,932Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $9,164Other retirement accounts
  • $838Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 2 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03789The Waggoner National Bank Of Vernon1818 Texas Street, Vernon, TX 76384July 03, 1899Full Service Brick and Mortar
    1207836Electra Branch401 West Front Street, Electra, TX 76360November 16, 1999Full Service Brick and Mortar

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