The Waggoner National Bank of Vernon in Vernon, Texas (TX)



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The Waggoner National Bank of Vernon routing number info

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The Waggoner National Bank of Vernon
GeneralFDIC 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
WWW: http://www.wnbvernon.com
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)60
Total assets$244,209
Cash and due from depository institutions$7,839
Interest-bearing balances$2,173
Securities$76,063
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$143,903
Loan loss allowance $4,358
Trading account assets$0
Bank premises and fixed assets$2,293
Other real estate owned$46
Goodwill and other intangibles$0
All other assets$14,065
Life insurance assets$244,209
Total liabilities and capital$210,332
Total liabilities$208,942
Total deposits$183,709
Interest-bearing deposits$208,942
Deposits held in domestic offices$73
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,390
All other liabilities $33,877
Total equity capital$33,877
Total bank equity capital$33,877
Perpetual preferred stock$0
Common stock$1,060
Surplus$10,060
Undivided profits $22,757
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 $1,210
Earning assets $0
Long-term assets (5+ years) $1,656
Average Assets, year-to-date $222,139
Average Assets, quarterly $95,165
Volatile liabilities $239,076
Insider loans $246,248
FHLB advances $167,358
Loans and leases held for sale $250,389
Unused loan commitments $8,263
Tier 1 (core) risk-based capital $8,263
Tier 2 risk-based capital $32,133
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $14,691
Derivatives$2,213
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $11,206
Total interest expense $1,721
Net interest income $9,485
Provision for loan and lease losses $1,800
Total noninterest income $2,690
Fiduciary activities $826
Service charges on deposit accounts $1,130
Trading account gains & fees $0
Additional noninterest income $734
Total noninterest expense $5,665
Salaries and employee benefits $3,334
Premises and equipment expense $598
Additional noninterest expense $1,733
Pre-tax net operating income $4,710
Securities gains (losses) $306
Applicable income taxes $0
Income before extraordinary items $5,016
Extraordinary gains - net $0
Net income attributable to bank $5,016
Net charge-offs $0
Cash dividends $5,016
Sale, conversion, retirement of capital stock, net $1,877
Net operating income $4,104
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.22%
Cost of funding earning assets 0.80%
Net interest margin 4.42%
Noninterest income to earning assets 1.25%
Noninterest expense to earning assets 2.64%
Net operating income to assets 1.97%
Return on assets (ROA) 2.10%
Pretax return on assets 2.10%
Return on equity (ROE) 15.50%
Retained earnings to average equity (YTD only) 2.82%
Net charge-offs to loans 1.27%
Credit loss provision to net charge-offs 95.90%
Efficiency ratio3.47%
Assets per employee$46,530
Cash dividends to net income (YTD only)4.07%
Condition Ratios (%)
Loss allowance to loans 81.82%
Loss allowance to noncurrent loans 2.94%
Noncurrent assets plus other real estate owned to assets 360.17%
Noncurrent loans to loans 0.51%
Net loans and leases to deposits0.82%
Net loans and leases to core deposits 68.87%
Equity capital to assets 79.76%
Core capital (leverage) ratio 13.87%
Tier 1 risk-based capital ratio 12.83%
Total risk-based capital ratio 19.20%
Memoranda
Average assets$20
Average earning assets$239,076
Average equity $32,369
Average loans $214,629
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$143,610
Number of Accounts1
Personal trust and agency accounts$134,446
Employee benefit-defined contribution accounts$104,513
Employee benefit-defined benefit accounts$202
Other retirement accounts$6,172
Corporate trust and agency accounts$1,932
Investment management agency accounts$0
Other fiduciary accounts$17,283
Fiduciary accounts held in foreign offices$543
Non-managed Assets$3,801
Number of Accounts160
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$1,932
Employee benefit-defined benefit accounts$0
Other retirement accounts$9,164
Corporate trust and agency accounts$838
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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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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