West Texas National Bank in Midland, Texas (TX)
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| West Texas National Bank | |
|---|---|
| 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 137 |
| Total assets | $708,604 |
| Cash and due from depository institutions | $172,194 |
| Interest-bearing balances | $151,579 |
| Securities | $192,179 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $302,136 |
| Loan loss allowance | $5,505 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $11,321 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $8,842 |
| All other assets | $21,932 |
| Life insurance assets | $708,604 |
| Total liabilities and capital | $633,648 |
| Total liabilities | $630,420 |
| Total deposits | $326,821 |
| Interest-bearing deposits | $630,420 |
| Deposits held in domestic offices | $83 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $3,228 |
| All other liabilities | $74,956 |
| Total equity capital | $74,956 |
| Total bank equity capital | $74,956 |
| Perpetual preferred stock | $0 |
| Common stock | $7,500 |
| Surplus | $66,647 |
| Undivided profits | $809 |
| 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 | $5,362 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $3,404 |
| Average Assets, year-to-date | $645,894 |
| Average Assets, quarterly | $151,266 |
| Volatile liabilities | $649,365 |
| Insider loans | $689,786 |
| FHLB advances | $416,552 |
| Loans and leases held for sale | $694,897 |
| Unused loan commitments | $12,975 |
| Tier 1 (core) risk-based capital | $12,975 |
| Tier 2 risk-based capital | $62,551 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $122,666 |
| Derivatives | $256 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $23,336 |
| Total interest expense | $1,615 |
| Net interest income | $21,721 |
| Provision for loan and lease losses | $1,642 |
| Total noninterest income | $4,594 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $2,447 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $2,147 |
| Total noninterest expense | $16,782 |
| Salaries and employee benefits | $7,526 |
| Premises and equipment expense | $2,511 |
| Additional noninterest expense | $6,745 |
| Pre-tax net operating income | $7,891 |
| Securities gains (losses) | -$5,877 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $2,014 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,014 |
| Net charge-offs | $0 |
| Cash dividends | $2,014 |
| Sale, conversion, retirement of capital stock, net | $826 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 3.96% |
| Cost of funding earning assets | 0.27% |
| Net interest margin | 3.69% |
| Noninterest income to earning assets | 0.78% |
| Noninterest expense to earning assets | 2.85% |
| Net operating income to assets | 1.22% |
| Return on assets (ROA) | 0.31% |
| Pretax return on assets | 0.31% |
| Return on equity (ROE) | 2.90% |
| Retained earnings to average equity (YTD only) | 2.90% |
| Net charge-offs to loans | 0.27% |
| Credit loss provision to net charge-offs | 198.79% |
| Efficiency ratio | 11.54% |
| Assets per employee | $63,774 |
| Cash dividends to net income (YTD only) | 5.17% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.79% |
| Noncurrent assets plus other real estate owned to assets | 102.67% |
| Noncurrent loans to loans | 0.76% |
| Net loans and leases to deposits | 1.74% |
| Net loans and leases to core deposits | 47.93% |
| Equity capital to assets | 50.36% |
| Core capital (leverage) ratio | 10.58% |
| Tier 1 risk-based capital ratio | 9.00% |
| Total risk-based capital ratio | 15.02% |
| Memoranda | |
| Average assets | $16 |
| Average earning assets | $649,365 |
| Average equity | $69,472 |
| Average loans | $589,195 |
| 11 Texas Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 16062 | West Texas National Bank | #6 Desta Drive, Midland, TX 79705 | September 24, 1979 | Full Service Brick and Mortar |  |
| 3 | 239504 | The Quicksilver Branch | Highway 118 And 170, Terlingua, TX 79852 | October 17, 1996 | Full Service Brick and Mortar |  |
| 4 | 17352 | Seminole Branch | 200 Southeast Avenue B, Seminole, TX 79360 | March 16, 1984 | Full Service Brick and Mortar | |
| 5 | 256876 | Denver City Branch | 810 East Broadway, Denver City, TX 79323 | January 02, 1998 | Full Service Brick and Mortar | |
| 6 | 2201 | Pecos Branch | 112 East Sixth Street, Pecos, TX 79772 | June 28, 1907 | Full Service Brick and Mortar | |
| 7 | 12001 | Kermit Branch | 101 East Avenue, Kermit, TX 79745 | September 11, 1959 | Full Service Brick and Mortar | |
| 8 | 10816 | Crane Branch | 720 South Gaston Street, Crane, TX 79731 | April 23, 1948 | Full Service Brick and Mortar | |
| 9 | 360992 | Alpine Branch | 101 E Avenue E, Alpine, TX 79830 | June 29, 2001 | Full Service Brick and Mortar | |
| 10 | 363312 | Marienfeld Branch | 300 N. Marienfeld, Midland, TX 79701 | Febuary 21, 2002 | Full Service Brick and Mortar | |
| 11 | 465556 | Rankin Hwy Branch | 2411 Rankin Hwy. - Suite A, Midland, TX 79701 | June 25, 2007 | Full Service Brick and Mortar | |
| 12 | 493128 | Wadley Branch | 5401 W Wadley, Midland, TX 79707 | Febuary 09, 2009 | Full Service Brick and Mortar | |
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