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

West Texas State Bank - Overview

  • General
  • FDIC Certificate #: 16866
    Status: Active
    Federal Reserve ID: 406666
    Bank Holding Company (Regulatory Top Holder): Wtsb Bancorp, Inc. (RSSDID: 2692548, Location: Snyder, TX)
    Date Established: January 14, 1950
    WWW: http://www.ebanktexas.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 10962
    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: January 14, 1950
    Last Structure Change Effective Date: December 07, 2009
    Last Structure Change Process Date: December 07, 2009
    Last Data Update: December 07, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 1901 26th Street, Snyder, TX 79549
    County: Scurry
    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
    Core Based Statistical Area (CBSA): Snyder, TX (#43660)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $144.7 mil
    Equity capital: $14.6 mil
    Deposits held in domestic offices: $129.9 mil
    Return on assets (ROA): 1.60% ($2.3 mil)
    Quarterly return on assets: 1.10% ($1.6 mil)
    Return on Equity (ROE): 16.20% ($2.4 mil)
    Quarterly return on equity: 10.86% ($1.6 mil)
    Net income: $2.2 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.60% ($2,315.2 mil)
    Quarterly Pretax return on assets: 1.10% ($1,591.7 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
  • 32Total employees (full-time equivalent)
  • $144,700Total assets
  • $11,029Cash and due from depository institutions
  • $6,065Interest-bearing balances
  • $45,582Securities
  • $500Federal funds sold & reverse repurchase agreements
  • $85,024Net loans & leases
  • $1,457Loan loss allowance
  • $0Trading account assets
  • $1,009Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $144,700Life insurance assets
  • $1,556All other assets
  • $130,127Total liabilities and capital
  • $129,941Total liabilities
  • $80,709Total deposits
  • $129,941Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $186Subordinated debt
  • $14,573All other liabilities
  • $14,573Total equity capital
  • $14,573Total bank equity capital
  • $0Perpetual preferred stock
  • $2,400Common stock
  • $4,400Surplus
  • $7,773Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,153Income earned, not collected on loans
  • $0Earning assets
  • $960Long-term assets (5+ years)
  • $137,171Average Assets, year-to-date
  • $68,534Average Assets, quarterly
  • $137,994Volatile liabilities
  • $141,923Insider loans
  • $105,923FHLB advances
  • $144,062Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,784Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,983Restructured Loans and leases
  • $275Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,755Total interest income
  • $668Total interest expense
  • $5,087Net interest income
  • $150Provision for loan and lease losses
  • $605Total noninterest income
  • $0Fiduciary activities
  • $386Service charges on deposit accounts
  • $0Trading account gains & fees
  • $219Additional noninterest income
  • $3,362Total noninterest expense
  • $1,837Salaries and employee benefits
  • $329Premises and equipment expense
  • $1,196Additional noninterest expense
  • $2,180Pre-tax net operating income
  • $24Securities gains (losses)
  • $0Applicable income taxes
  • $2,204Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,204Net income attributable to bank
  • $0Net charge-offs
  • $2,204Cash dividends
  • -$9Sale, conversion, retirement of capital stock, net
  • $1,114Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.41%Yield on earning assets
  • 0.51%Cost of funding earning assets
  • 3.89%Net interest margin
  • 0.46%Noninterest income to earning assets
  • 2.57%Noninterest expense to earning assets
  • 1.58%Net operating income to assets
  • 1.60%Return on assets (ROA)
  • 1.60%Pretax return on assets
  • 16.20%Return on equity (ROE)
  • 8.01%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -1666.67%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 59,065Assets per employee
  • 4.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 50.54%Loss allowance to loans
  • 1.68%Loss allowance to noncurrent loans
  • 46.21%Noncurrent assets plus other real estate owned to assets
  • 2.18%Noncurrent loans to loans
  • 3.65%Net loans and leases to deposits
  • 65.43%Net loans and leases to core deposits
  • 66.82%Equity capital to assets
  • 10.07%Core capital (leverage) ratio
  • 9.57%Tier 1 risk-based capital ratio
  • 13.01%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $137,994Average earning assets
  • $13,608Average equity
  • $130,623Average loans

List of branches

  • 3 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010962West Texas State Bank1901 26th Street, Snyder, TX 79549January 14, 1950Full Service Brick and Mortar
    1239180West Texas State Bank Drive-In1901 26th Street, Snyder, TX 79549August 26, 1966Limited Service Facility
    23732Edwards Street BranchEdwards Street, Rowena, TX 76875January 01, 1908Full Service Brick and Mortar

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