West Texas State Bank in Odessa, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches


West Texas State Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Office Purchased
  • Financial Summary
  • Total 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
  • 71Total employees (full-time equivalent)
  • $341,369Total assets
  • $23,665Cash and due from depository institutions
  • $15,171Interest-bearing balances
  • $78,933Securities
  • $60,000Federal funds sold & reverse repurchase agreements
  • $172,155Net loans & leases
  • $3,188Loan loss allowance
  • $0Trading account assets
  • $2,128Bank premises and fixed assets
  • $1,886Other real estate owned
  • $0Goodwill and other intangibles
  • $341,369Life insurance assets
  • $2,602All other assets
  • $311,102Total liabilities and capital
  • $310,721Total liabilities
  • $157,110Total deposits
  • $310,721Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $381Subordinated debt
  • $30,267All other liabilities
  • $30,267Total equity capital
  • $30,267Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $15,000Surplus
  • $14,267Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,634Income earned, not collected on loans
  • $0Earning assets
  • $1,266Long-term assets (5+ years)
  • $326,259Average Assets, year-to-date
  • $48,767Average Assets, quarterly
  • $302,386Volatile liabilities
  • $327,098Insider loans
  • $229,842FHLB advances
  • $320,265Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $30,341Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $39,328Restructured Loans and leases
  • $14,129Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,914Total interest income
  • $707Total interest expense
  • $10,207Net interest income
  • $1,710Provision for loan and lease losses
  • $882Total noninterest income
  • $0Fiduciary activities
  • $505Service charges on deposit accounts
  • $0Trading account gains & fees
  • $377Additional noninterest income
  • $6,495Total noninterest expense
  • $3,548Salaries and employee benefits
  • $960Premises and equipment expense
  • $1,987Additional noninterest expense
  • $2,884Pre-tax net operating income
  • $1,832Securities gains (losses)
  • $0Applicable income taxes
  • $4,716Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,716Net income attributable to bank
  • $0Net charge-offs
  • $4,716Cash dividends
  • $1,190Sale, conversion, retirement of capital stock, net
  • $4,537Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.78%Yield on earning assets
  • 0.25%Cost of funding earning assets
  • 3.54%Net interest margin
  • 0.31%Noninterest income to earning assets
  • 2.25%Noninterest expense to earning assets
  • 0.95%Net operating income to assets
  • 1.56%Return on assets (ROA)
  • 1.56%Pretax return on assets
  • 15.05%Return on equity (ROE)
  • 0.57%Retained earnings to average equity (YTD only)
  • 0.67%Net charge-offs to loans
  • 143.70%Credit loss provision to net charge-offs
  • 3.86%Efficiency ratio
  • 58,572Assets per employee
  • 4.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 96.20%Loss allowance to loans
  • 1.82%Loss allowance to noncurrent loans
  • 41.76%Noncurrent assets plus other real estate owned to assets
  • 2.79%Noncurrent loans to loans
  • 4.35%Net loans and leases to deposits
  • 55.41%Net loans and leases to core deposits
  • 58.80%Equity capital to assets
  • 8.87%Core capital (leverage) ratio
  • 9.47%Tier 1 risk-based capital ratio
  • 13.20%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $302,386Average earning assets
  • $31,333Average equity
  • $288,349Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $7,157Managed Assets
  • 1Number of Accounts
  • $7,157Personal trust and agency accounts
  • $6,092Employee benefit-defined contribution accounts
  • $352Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $713Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 21Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 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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