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


Wellington State Bank - Overview

  • General
  • FDIC Certificate #: 1219
    Status: Active
    Federal Reserve ID: 371362
    Bank Holding Company (Regulatory Top Holder): Wsb Bancshares, Inc. (RSSDID: 2007218, Location: Wellington, TX)
    Date Established: January 01, 1906
    WWW: http://www.wellingtonsb.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 837
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural 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: 1000 Eighth Street, Wellington, TX 79095
    County: Collingsworth
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Lubbock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $208.1 mil
    Equity capital: $16.9 mil
    Deposits held in domestic offices: $189.5 mil
    Return on assets (ROA): 0.89% ($1.9 mil)
    Quarterly return on assets: 0.49% ($1.0 mil)
    Return on Equity (ROE): 10.40% ($1.8 mil)
    Quarterly return on equity: 5.89% ($1.0 mil)
    Net income: $1.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.89% ($1,852.4 mil)
    Quarterly Pretax return on assets: 0.49% ($1,019.8 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
  • 56Total employees (full-time equivalent)
  • $208,132Total assets
  • $13,398Cash and due from depository institutions
  • $114Interest-bearing balances
  • $56,359Securities
  • $40,977Federal funds sold & reverse repurchase agreements
  • $84,651Net loans & leases
  • $1,193Loan loss allowance
  • $0Trading account assets
  • $4,671Bank premises and fixed assets
  • $40Other real estate owned
  • $356Goodwill and other intangibles
  • $208,132Life insurance assets
  • $7,680All other assets
  • $191,275Total liabilities and capital
  • $189,457Total liabilities
  • $141,343Total deposits
  • $189,457Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,818Subordinated debt
  • $16,857All other liabilities
  • $16,857Total equity capital
  • $16,857Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $7,389Surplus
  • $9,268Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $167Income earned, not collected on loans
  • $0Earning assets
  • $1,489Long-term assets (5+ years)
  • $182,101Average Assets, year-to-date
  • $24,241Average Assets, quarterly
  • $186,660Volatile liabilities
  • $199,751Insider loans
  • $115,153FHLB advances
  • $199,900Loans and leases held for sale
  • $4,457Unused loan commitments
  • $4,457Tier 1 (core) risk-based capital
  • $14,982Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,271Restructured Loans and leases
  • $1,475Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,796Total interest income
  • $893Total interest expense
  • $5,903Net interest income
  • $244Provision for loan and lease losses
  • $1,212Total noninterest income
  • $0Fiduciary activities
  • $710Service charges on deposit accounts
  • $0Trading account gains & fees
  • $502Additional noninterest income
  • $5,337Total noninterest expense
  • $2,936Salaries and employee benefits
  • $939Premises and equipment expense
  • $1,462Additional noninterest expense
  • $1,534Pre-tax net operating income
  • $120Securities gains (losses)
  • $0Applicable income taxes
  • $1,654Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,654Net income attributable to bank
  • $0Net charge-offs
  • $1,654Cash dividends
  • $176Sale, conversion, retirement of capital stock, net
  • $650Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.17%Yield on earning assets
  • 0.55%Cost of funding earning assets
  • 3.62%Net interest margin
  • 0.74%Noninterest income to earning assets
  • 3.27%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.89%Return on assets (ROA)
  • 0.89%Pretax return on assets
  • 10.40%Return on equity (ROE)
  • 6.31%Retained earnings to average equity (YTD only)
  • 0.20%Net charge-offs to loans
  • 138.64%Credit loss provision to net charge-offs
  • 10.10%Efficiency ratio
  • 75,011Assets per employee
  • 3.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.30%Loss allowance to loans
  • 1.39%Loss allowance to noncurrent loans
  • 714.37%Noncurrent assets plus other real estate owned to assets
  • 0.10%Noncurrent loans to loans
  • 0.19%Net loans and leases to deposits
  • 44.68%Net loans and leases to core deposits
  • 46.22%Equity capital to assets
  • 8.10%Core capital (leverage) ratio
  • 7.49%Tier 1 risk-based capital ratio
  • 13.01%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $186,660Average earning assets
  • $15,901Average equity
  • $163,100Average loans

List of branches

  • 5 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0837Wellington State Bank1000 Eighth Street, Wellington, TX 79095January 01, 1906Full Service Brick and Mortar
    110988Wheeler Branch405 Alan L. Bean Boulevard, Wheeler, TX 79096January 01, 1908Full Service Brick and Mortar
    2288333Memphis Branch119 South 6th Street, Memphis, TX 79245November 19, 1987Full Service Brick and Mortar
    3288334Childress Branch2003 Avenue F Northwest, Childress, TX 79201November 19, 1987Full Service Brick and Mortar
    4188008Canadian Branch105 N 5th, Canadian, TX 79014Febuary 03, 1997Full Service Brick and Mortar

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