Wallis State Bank in Wallis, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

Wallis State Bank - Overview

  • General
  • FDIC Certificate #: 20845
    Status: Active
    Federal Reserve ID: 283867
    Bank Holding Company (Regulatory Top Holder): Wallis Bancshares, Inc. (RSSDID: 2693956, Location: Wallis, TX)
    Date Established: October 28, 1972
    WWW: http://www.wallisbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 10009
    FDIC's unique #: 14401
    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: Commercial Lending Specialization
    Date of Deposit Insurance: October 28, 1972
    Last Structure Change Effective Date: March 20, 2009
    Last Structure Change Process Date: March 24, 2009
    Last Data Update: March 24, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 6510 Railroad Street, Wallis, TX 77485
    County: Austin
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Houston
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288)
    Core Based Statistical Area (CBSA): Houston-Sugar Land-Baytown, TX (#26420)
    CBSA Metro Statistical Area: Houston-Sugar Land-Baytown, TX (#26420)
  • Financial Summary
  • Total assets: $352.8 mil
    Equity capital: $33.4 mil
    Deposits held in domestic offices: $284.0 mil
    Return on assets (ROA): 1.64% ($5.8 mil)
    Quarterly return on assets: 1.81% ($6.4 mil)
    Return on Equity (ROE): 17.45% ($5.8 mil)
    Quarterly return on equity: 18.89% ($6.2 mil)
    Net income: $5.6 mil
    Quarterly Net income: $1.6 mil
    Pretax return on assets: 1.64% ($5,785.3 mil)
    Quarterly Pretax return on assets: 1.81% ($6,385.0 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
  • 103Total employees (full-time equivalent)
  • $352,761Total assets
  • $72,360Cash and due from depository institutions
  • $67,159Interest-bearing balances
  • $13,926Securities
  • $661Federal funds sold & reverse repurchase agreements
  • $246,905Net loans & leases
  • $3,362Loan loss allowance
  • $0Trading account assets
  • $7,888Bank premises and fixed assets
  • $3,844Other real estate owned
  • $91Goodwill and other intangibles
  • $352,761Life insurance assets
  • $7,086All other assets
  • $319,368Total liabilities and capital
  • $283,962Total liabilities
  • $215,199Total deposits
  • $283,962Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $34,750Trading liabilities
  • $0Other borrowed funds
  • $656Subordinated debt
  • $33,393All other liabilities
  • $33,393Total equity capital
  • $33,393Total bank equity capital
  • $0Perpetual preferred stock
  • $1,500Common stock
  • $18,500Surplus
  • $13,393Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,630Income earned, not collected on loans
  • $39Earning assets
  • $846Long-term assets (5+ years)
  • $328,651Average Assets, year-to-date
  • $48,453Average Assets, quarterly
  • $343,080Volatile liabilities
  • $350,671Insider loans
  • $278,889FHLB advances
  • $357,477Loans and leases held for sale
  • $3,652Unused loan commitments
  • $3,652Tier 1 (core) risk-based capital
  • $33,275Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $31,990Restructured Loans and leases
  • $1,970Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,919Total interest income
  • $3,277Total interest expense
  • $14,642Net interest income
  • $900Provision for loan and lease losses
  • $3,164Total noninterest income
  • $0Fiduciary activities
  • $1,356Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,808Additional noninterest income
  • $11,535Total noninterest expense
  • $6,636Salaries and employee benefits
  • $1,514Premises and equipment expense
  • $3,385Additional noninterest expense
  • $5,371Pre-tax net operating income
  • $253Securities gains (losses)
  • $0Applicable income taxes
  • $5,624Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,624Net income attributable to bank
  • $0Net charge-offs
  • $5,624Cash dividends
  • $599Sale, conversion, retirement of capital stock, net
  • $3,175Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.64%Yield on earning assets
  • 1.03%Cost of funding earning assets
  • 4.61%Net interest margin
  • 1.00%Noninterest income to earning assets
  • 3.63%Noninterest expense to earning assets
  • 1.57%Net operating income to assets
  • 1.64%Return on assets (ROA)
  • 1.64%Pretax return on assets
  • 17.45%Return on equity (ROE)
  • 7.60%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 150.25%Credit loss provision to net charge-offs
  • 10.47%Efficiency ratio
  • 64,782Assets per employee
  • 3.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 56.45%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 206.26%Noncurrent assets plus other real estate owned to assets
  • 1.55%Noncurrent loans to loans
  • 0.65%Net loans and leases to deposits
  • 86.95%Net loans and leases to core deposits
  • 96.14%Equity capital to assets
  • 9.47%Core capital (leverage) ratio
  • 9.31%Tier 1 risk-based capital ratio
  • 11.93%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $343,080Average earning assets
  • $32,234Average equity
  • $317,860Average loans

List of branches

  • 10 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014401Wallis State Bank6510 Railroad Street, Wallis, TX 77485October 28, 1972Full Service Brick and Mortar
    1251801Fulshear Branch30506 First Street, Fulshear, TX 77441March 04, 1992Full Service Brick and Mortar
    2251802Houston Branch4100 Westheimer, Suite 100, Houston, TX 77027April 19, 1993Full Service Brick and Mortar
    3288437Eagle Lake Branch111 North Mccarthy, Eagle Lake, TX 77434September 09, 1988Full Service Brick and Mortar
    5251803Meadows Office11311 West Airport Blvd, Stafford, TX 77477December 29, 1997Full Service Brick and Mortar
    6251804Town & Country Lane Branch900 Town & Country Lane, Houston, TX 77024March 15, 1999Full Service Brick and Mortar
    7443194San Antonio Branch10100 Reunion Place Suite 125, San Antonio, TX 78216December 13, 2004Full Service Brick and Mortar
    8479853Wallis State Bank Branch5401 Harrisburg, Houston, TX 77011January 01, 2008Full Service Brick and Mortar
    9506282Wallis State Bank Branch10055 Almeda Genoa Road, Suite 100, Houston, TX 77075March 01, 2010Full Service Brick and Mortar
    10521600Northwest Branch12907 Fm 1960 Road W., Houston, TX 77065March 04, 2011Full Service Brick and Mortar

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