Wellington State Bank in Wellington, Texas (TX)



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Wellington State Bank routing number info

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Wellington State Bank
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Geographic Region/Area/Territory/Field Office
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)56
Total assets$208,132
Cash and due from depository institutions$13,398
Interest-bearing balances$114
Securities$56,359
Federal funds sold & reverse repurchase agreements$40,977
Net loans & leases$84,651
Loan loss allowance $1,193
Trading account assets$0
Bank premises and fixed assets$4,671
Other real estate owned$40
Goodwill and other intangibles$356
All other assets$7,680
Life insurance assets$208,132
Total liabilities and capital$191,275
Total liabilities$189,457
Total deposits$141,343
Interest-bearing deposits$189,457
Deposits held in domestic offices$81
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,818
All other liabilities $16,857
Total equity capital$16,857
Total bank equity capital$16,857
Perpetual preferred stock$0
Common stock$200
Surplus$7,389
Undivided profits $9,268
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 $167
Earning assets $0
Long-term assets (5+ years) $1,489
Average Assets, year-to-date $182,101
Average Assets, quarterly $24,241
Volatile liabilities $186,660
Insider loans $199,751
FHLB advances $115,153
Loans and leases held for sale $199,900
Unused loan commitments $4,457
Tier 1 (core) risk-based capital $4,457
Tier 2 risk-based capital $14,982
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $13,271
Derivatives$1,475
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,796
Total interest expense $893
Net interest income $5,903
Provision for loan and lease losses $244
Total noninterest income $1,212
Fiduciary activities $0
Service charges on deposit accounts $710
Trading account gains & fees $0
Additional noninterest income $502
Total noninterest expense $5,337
Salaries and employee benefits $2,936
Premises and equipment expense $939
Additional noninterest expense $1,462
Pre-tax net operating income $1,534
Securities gains (losses) $120
Applicable income taxes $0
Income before extraordinary items $1,654
Extraordinary gains - net $0
Net income attributable to bank $1,654
Net charge-offs $0
Cash dividends $1,654
Sale, conversion, retirement of capital stock, net $176
Net operating income $650
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.17%
Cost of funding earning assets 0.55%
Net interest margin 3.62%
Noninterest income to earning assets 0.74%
Noninterest expense to earning assets 3.27%
Net operating income to assets 0.82%
Return on assets (ROA) 0.89%
Pretax return on assets 0.89%
Return on equity (ROE) 10.40%
Retained earnings to average equity (YTD only) 6.31%
Net charge-offs to loans 0.20%
Credit loss provision to net charge-offs 138.64%
Efficiency ratio10.10%
Assets per employee$75,011
Cash dividends to net income (YTD only)3.72%
Condition Ratios (%)
Loss allowance to loans 39.30%
Loss allowance to noncurrent loans 1.39%
Noncurrent assets plus other real estate owned to assets 714.37%
Noncurrent loans to loans 0.10%
Net loans and leases to deposits0.19%
Net loans and leases to core deposits 44.68%
Equity capital to assets 46.22%
Core capital (leverage) ratio 8.10%
Tier 1 risk-based capital ratio 7.49%
Total risk-based capital ratio 13.01%
Memoranda
Average assets$14
Average earning assets$186,660
Average equity $15,901
Average loans $163,100
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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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