West Texas State Bank in Odessa, Texas (TX)



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West Texas State Bank routing number info

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West Texas State Bank
GeneralFDIC Certificate #: 15466
Status: Active
Federal Reserve ID: 167864
Bank Holding Company (Regulatory Top Holder): West Texas Bancshares, Inc. (RSSDID: 1107997, Location: Kermit, TX)
Date Established: March 03, 1937
WWW: http://www.wtstatebk.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Domestic: 7, Interstate: No)
FDIC's unique #: 9774
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: March 03, 1937
Last Structure Change Effective Date: January 13, 2012
Last Structure Change Process Date: January 31, 2012
Last Data Update: January 31, 2012
Data Source Date: April 05, 2012
LocationAddress: 1501 West University Boulevard, Odessa, TX 79764
County: Ector
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): Odessa, TX (#36220)
CBSA Metro Statistical Area: Odessa, TX (#36220)
History of ChangesOffice Purchased
Financial SummaryTotal assets: $341.4 mil
Equity capital: $30.3 mil
Deposits held in domestic offices: $310.7 mil
Return on assets (ROA): 1.56% ($5.3 mil)
Quarterly return on assets: -0.49% (-$1.7 mil)
Return on Equity (ROE): 15.05% ($4.5 mil)
Quarterly return on equity: -5.11% (-$1.5 mil)
Net income: $4.7 mil
Quarterly Net income: -$0.4 mil
Pretax return on assets: 1.56% ($5,325.4 mil)
Quarterly Pretax return on assets: -0.49% (-$1,672.7 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)71
Total assets$341,369
Cash and due from depository institutions$23,665
Interest-bearing balances$15,171
Securities$78,933
Federal funds sold & reverse repurchase agreements$60,000
Net loans & leases$172,155
Loan loss allowance $3,188
Trading account assets$0
Bank premises and fixed assets$2,128
Other real estate owned$1,886
Goodwill and other intangibles$0
All other assets$2,602
Life insurance assets$341,369
Total liabilities and capital$311,102
Total liabilities$310,721
Total deposits$157,110
Interest-bearing deposits$310,721
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 $381
All other liabilities $30,267
Total equity capital$30,267
Total bank equity capital$30,267
Perpetual preferred stock$0
Common stock$1,000
Surplus$15,000
Undivided profits $14,267
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 $7,634
Earning assets $0
Long-term assets (5+ years) $1,266
Average Assets, year-to-date $326,259
Average Assets, quarterly $48,767
Volatile liabilities $302,386
Insider loans $327,098
FHLB advances $229,842
Loans and leases held for sale $320,265
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $30,341
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $39,328
Derivatives$14,129
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,914
Total interest expense $707
Net interest income $10,207
Provision for loan and lease losses $1,710
Total noninterest income $882
Fiduciary activities $0
Service charges on deposit accounts $505
Trading account gains & fees $0
Additional noninterest income $377
Total noninterest expense $6,495
Salaries and employee benefits $3,548
Premises and equipment expense $960
Additional noninterest expense $1,987
Pre-tax net operating income $2,884
Securities gains (losses) $1,832
Applicable income taxes $0
Income before extraordinary items $4,716
Extraordinary gains - net $0
Net income attributable to bank $4,716
Net charge-offs $0
Cash dividends $4,716
Sale, conversion, retirement of capital stock, net $1,190
Net operating income $4,537
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.78%
Cost of funding earning assets 0.25%
Net interest margin 3.54%
Noninterest income to earning assets 0.31%
Noninterest expense to earning assets 2.25%
Net operating income to assets 0.95%
Return on assets (ROA) 1.56%
Pretax return on assets 1.56%
Return on equity (ROE) 15.05%
Retained earnings to average equity (YTD only) 0.57%
Net charge-offs to loans 0.67%
Credit loss provision to net charge-offs 143.70%
Efficiency ratio3.86%
Assets per employee$58,572
Cash dividends to net income (YTD only)4.81%
Condition Ratios (%)
Loss allowance to loans 96.20%
Loss allowance to noncurrent loans 1.82%
Noncurrent assets plus other real estate owned to assets 41.76%
Noncurrent loans to loans 2.79%
Net loans and leases to deposits4.35%
Net loans and leases to core deposits 55.41%
Equity capital to assets 58.80%
Core capital (leverage) ratio 8.87%
Tier 1 risk-based capital ratio 9.47%
Total risk-based capital ratio 13.20%
Memoranda
Average assets$14
Average earning assets$302,386
Average equity $31,333
Average loans $288,349
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Total Fiduciary and Related Assets (December 31, 2007)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$7,157
Number of Accounts1
Personal trust and agency accounts$7,157
Employee benefit-defined contribution accounts$6,092
Employee benefit-defined benefit accounts$352
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$713
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts21
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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8 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
09774West Texas State Bank1501 West University Boulevard, Odessa, TX 79764March 03, 1937Full Service Brick and Mortar
1234041Detached Facility205 South Allen, Monahans, TX 79756Febuary 18, 1983Limited Service Facility
2237522Detached Facility210 North Oak Street, Kermit, TX 79745September 02, 1980Limited Service Facility
3359145Kermit State Bank Branch100 West Austin Street, Kermit, TX 79745December 08, 2000Full Service Brick and Mortar
5257182North Grandview Branch2426 North Grandview Avenue, Odessa, TX 79761May 05, 1997Full Service Brick and Mortar
6362190Monahans Branch214 South Main, Monahans, TX 79756December 11, 2000Full Service Brick and Mortar
7429573Midland Branch400 W. Illinois, Suite 100, Midland, TX 79701September 02, 2003Full Service Brick and Mortar
8430049Ft. Stockton Branch809 W. Dickinson Blvd., Fort Stockton, TX 79735December 01, 2000Full Service Brick and Mortar
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