West Side Bank and Trust in Fort Worth, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • West Side Bank and Trust in Fort Worth, Texas (TX)
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West Side Bank and Trust - Overview

  • General
  • FDIC Certificate #: 18915
    Status: Active
    Federal Reserve ID: 827953
    Bank Holding Company (Regulatory Top Holder): First Graham Bancorp, Inc. (RSSDID: 1107700, Location: Graham, TX)
    Date Established: October 18, 1963
    WWW: http://www.westsidebankandtrust.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 12762
    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 18, 1963
    Last Structure Change Effective Date: September 20, 2011
    Last Structure Change Process Date: September 20, 2011
    Last Data Update: September 20, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1501 Summit Avenue, Fort Worth, TX 76102
    County: Tarrant
    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
    Metropolitan Statistical Area (MSA): Fort Worth-Arlington, TX (#2800)
    Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31)
    Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
    Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100)
    CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100)
    Core Based Statistical Division: Fort Worth-Arlington, TX (#23104)
  • Financial Summary
  • Total assets: $52.5 mil
    Equity capital: $8.2 mil
    Deposits held in domestic offices: $44.2 mil
    Return on assets (ROA): -2.21% (-$1.1 mil)
    Quarterly return on assets: -1.21% (-$0.6 mil)
    Return on Equity (ROE): -13.98% (-$1.1 mil)
    Quarterly return on equity: -7.78% (-$0.6 mil)
    Net income: -$1.2 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -2.21% (-$1,159.4 mil)
    Quarterly Pretax return on assets: -1.21% (-$634.8 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
  • 13Total employees (full-time equivalent)
  • $52,463Total assets
  • $8,124Cash and due from depository institutions
  • $6,759Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $38,862Net loans & leases
  • $829Loan loss allowance
  • $0Trading account assets
  • $1,879Bank premises and fixed assets
  • $0Other real estate owned
  • $2,988Goodwill and other intangibles
  • $52,462Life insurance assets
  • $610All other assets
  • $44,213Total liabilities and capital
  • $44,177Total liabilities
  • $37,565Total deposits
  • $44,177Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $36Subordinated debt
  • $8,249All other liabilities
  • $8,249Total equity capital
  • $8,249Total bank equity capital
  • $0Perpetual preferred stock
  • $3,374Common stock
  • $6,650Surplus
  • $-1,775Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,902Income earned, not collected on loans
  • $50Earning assets
  • $114Long-term assets (5+ years)
  • $45,621Average Assets, year-to-date
  • $12,640Average Assets, quarterly
  • $53,057Volatile liabilities
  • $53,677Insider loans
  • $39,527FHLB advances
  • $51,173Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,261Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,189Restructured Loans and leases
  • $1,258Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,308Total interest income
  • $519Total interest expense
  • $1,789Net interest income
  • $1,030Provision for loan and lease losses
  • $154Total noninterest income
  • $0Fiduciary activities
  • $82Service charges on deposit accounts
  • $0Trading account gains & fees
  • $72Additional noninterest income
  • $2,088Total noninterest expense
  • $920Salaries and employee benefits
  • $198Premises and equipment expense
  • $970Additional noninterest expense
  • -$1,175Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$1,175Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,175Net income attributable to bank
  • $0Net charge-offs
  • -$1,175Cash dividends
  • $844Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.19%Yield on earning assets
  • 1.17%Cost of funding earning assets
  • 4.02%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 4.69%Noninterest expense to earning assets
  • -2.21%Net operating income to assets
  • -2.21%Return on assets (ROA)
  • -2.21%Pretax return on assets
  • -13.98%Return on equity (ROE)
  • -13.98%Retained earnings to average equity (YTD only)
  • 2.23%Net charge-offs to loans
  • 122.04%Credit loss provision to net charge-offs
  • -0.17%Efficiency ratio
  • 105,713Assets per employee
  • 4.04%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.09%Loss allowance to noncurrent loans
  • 28.57%Noncurrent assets plus other real estate owned to assets
  • 5.53%Noncurrent loans to loans
  • 7.31%Net loans and leases to deposits
  • 87.97%Net loans and leases to core deposits
  • 90.11%Equity capital to assets
  • 15.72%Core capital (leverage) ratio
  • 10.28%Tier 1 risk-based capital ratio
  • 13.31%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $53,057Average earning assets
  • $8,407Average equity
  • $44,492Average loans

List of branches

  • 1 Texas Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012762West Side Bank And Trust1501 Summit Avenue, Fort Worth, TX 76102October 18, 1963Full Service Brick and Mortar

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