West Texas National Bank in Midland, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

West Texas National Bank - Overview

  • General
  • FDIC Certificate #: 22957
    Status: Active
    Federal Reserve ID: 237066
    Bank Holding Company (Regulatory Top Holder): First-West Texas Bancshares, Inc. (RSSDID: 1109834, Location: Midland, TX)
    Date Established: September 24, 1979
    WWW: http://www.wtnb.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 11 (Domestic: 11, Interstate: No)
    FDIC's unique #: 16062
    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: September 24, 1979
    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: #6 Desta Drive, Midland, TX 79705
    County: Midland
    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
    Metropolitan Statistical Area (MSA): Odessa-Midland, TX (#5800)
    Combined Statistical Area (CSA): Midland-Odessa, TX (#372)
    Core Based Statistical Area (CBSA): Midland, TX (#33260)
    CBSA Metro Statistical Area: Midland, TX (#33260)
  • History of Changes
  • Change in Location
    Change in Geographic Region/Area/Territory/Field Office
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $708.6 mil
    Equity capital: $75.0 mil
    Deposits held in domestic offices: $630.4 mil
    Return on assets (ROA): 0.31% ($2.2 mil)
    Quarterly return on assets: 1.32% ($9.4 mil)
    Return on Equity (ROE): 2.90% ($2.2 mil)
    Quarterly return on equity: 12.33% ($9.2 mil)
    Net income: $2.0 mil
    Quarterly Net income: $2.3 mil
    Pretax return on assets: 0.31% ($2,196.7 mil)
    Quarterly Pretax return on assets: 1.32% ($9,353.6 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
  • 137Total employees (full-time equivalent)
  • $708,604Total assets
  • $172,194Cash and due from depository institutions
  • $151,579Interest-bearing balances
  • $192,179Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $302,136Net loans & leases
  • $5,505Loan loss allowance
  • $0Trading account assets
  • $11,321Bank premises and fixed assets
  • $0Other real estate owned
  • $8,842Goodwill and other intangibles
  • $708,604Life insurance assets
  • $21,932All other assets
  • $633,648Total liabilities and capital
  • $630,420Total liabilities
  • $326,821Total deposits
  • $630,420Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,228Subordinated debt
  • $74,956All other liabilities
  • $74,956Total equity capital
  • $74,956Total bank equity capital
  • $0Perpetual preferred stock
  • $7,500Common stock
  • $66,647Surplus
  • $809Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,362Income earned, not collected on loans
  • $0Earning assets
  • $3,404Long-term assets (5+ years)
  • $645,894Average Assets, year-to-date
  • $151,266Average Assets, quarterly
  • $649,365Volatile liabilities
  • $689,786Insider loans
  • $416,552FHLB advances
  • $694,897Loans and leases held for sale
  • $12,975Unused loan commitments
  • $12,975Tier 1 (core) risk-based capital
  • $62,551Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $122,666Restructured Loans and leases
  • $256Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $23,336Total interest income
  • $1,615Total interest expense
  • $21,721Net interest income
  • $1,642Provision for loan and lease losses
  • $4,594Total noninterest income
  • $0Fiduciary activities
  • $2,447Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,147Additional noninterest income
  • $16,782Total noninterest expense
  • $7,526Salaries and employee benefits
  • $2,511Premises and equipment expense
  • $6,745Additional noninterest expense
  • $7,891Pre-tax net operating income
  • -$5,877Securities gains (losses)
  • $0Applicable income taxes
  • $2,014Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,014Net income attributable to bank
  • $0Net charge-offs
  • $2,014Cash dividends
  • $826Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.96%Yield on earning assets
  • 0.27%Cost of funding earning assets
  • 3.69%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 2.85%Noninterest expense to earning assets
  • 1.22%Net operating income to assets
  • 0.31%Return on assets (ROA)
  • 0.31%Pretax return on assets
  • 2.90%Return on equity (ROE)
  • 2.90%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 198.79%Credit loss provision to net charge-offs
  • 11.54%Efficiency ratio
  • 63,774Assets per employee
  • 5.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.79%Loss allowance to noncurrent loans
  • 102.67%Noncurrent assets plus other real estate owned to assets
  • 0.76%Noncurrent loans to loans
  • 1.74%Net loans and leases to deposits
  • 47.93%Net loans and leases to core deposits
  • 50.36%Equity capital to assets
  • 10.58%Core capital (leverage) ratio
  • 9.00%Tier 1 risk-based capital ratio
  • 15.02%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $649,365Average earning assets
  • $69,472Average equity
  • $589,195Average loans

List of branches

  • 11 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016062West Texas National Bank#6 Desta Drive, Midland, TX 79705September 24, 1979Full Service Brick and Mortar
    3239504The Quicksilver BranchHighway 118 And 170, Terlingua, TX 79852October 17, 1996Full Service Brick and Mortar
    417352Seminole Branch200 Southeast Avenue B, Seminole, TX 79360March 16, 1984Full Service Brick and Mortar
    5256876Denver City Branch810 East Broadway, Denver City, TX 79323January 02, 1998Full Service Brick and Mortar
    62201Pecos Branch112 East Sixth Street, Pecos, TX 79772June 28, 1907Full Service Brick and Mortar
    712001Kermit Branch101 East Avenue, Kermit, TX 79745September 11, 1959Full Service Brick and Mortar
    810816Crane Branch720 South Gaston Street, Crane, TX 79731April 23, 1948Full Service Brick and Mortar
    9360992Alpine Branch101 E Avenue E, Alpine, TX 79830June 29, 2001Full Service Brick and Mortar
    10363312Marienfeld Branch300 N. Marienfeld, Midland, TX 79701Febuary 21, 2002Full Service Brick and Mortar
    11465556Rankin Hwy Branch2411 Rankin Hwy. - Suite A, Midland, TX 79701June 25, 2007Full Service Brick and Mortar
    12493128Wadley Branch5401 W Wadley, Midland, TX 79707Febuary 09, 2009Full Service Brick and Mortar

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