West Texas State Bank in Snyder, Texas (TX)



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West Texas State Bank
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)32
Total assets$144,700
Cash and due from depository institutions$11,029
Interest-bearing balances$6,065
Securities$45,582
Federal funds sold & reverse repurchase agreements$500
Net loans & leases$85,024
Loan loss allowance $1,457
Trading account assets$0
Bank premises and fixed assets$1,009
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,556
Life insurance assets$144,700
Total liabilities and capital$130,127
Total liabilities$129,941
Total deposits$80,709
Interest-bearing deposits$129,941
Deposits held in domestic offices$90
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $186
All other liabilities $14,573
Total equity capital$14,573
Total bank equity capital$14,573
Perpetual preferred stock$0
Common stock$2,400
Surplus$4,400
Undivided profits $7,773
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 $3,153
Earning assets $0
Long-term assets (5+ years) $960
Average Assets, year-to-date $137,171
Average Assets, quarterly $68,534
Volatile liabilities $137,994
Insider loans $141,923
FHLB advances $105,923
Loans and leases held for sale $144,062
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $13,784
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $10,983
Derivatives$275
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,755
Total interest expense $668
Net interest income $5,087
Provision for loan and lease losses $150
Total noninterest income $605
Fiduciary activities $0
Service charges on deposit accounts $386
Trading account gains & fees $0
Additional noninterest income $219
Total noninterest expense $3,362
Salaries and employee benefits $1,837
Premises and equipment expense $329
Additional noninterest expense $1,196
Pre-tax net operating income $2,180
Securities gains (losses) $24
Applicable income taxes $0
Income before extraordinary items $2,204
Extraordinary gains - net $0
Net income attributable to bank $2,204
Net charge-offs $0
Cash dividends $2,204
Sale, conversion, retirement of capital stock, net -$9
Net operating income $1,114
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.41%
Cost of funding earning assets 0.51%
Net interest margin 3.89%
Noninterest income to earning assets 0.46%
Noninterest expense to earning assets 2.57%
Net operating income to assets 1.58%
Return on assets (ROA) 1.60%
Pretax return on assets 1.60%
Return on equity (ROE) 16.20%
Retained earnings to average equity (YTD only) 8.01%
Net charge-offs to loans -0.01%
Credit loss provision to net charge-offs -1666.67%
Efficiency ratio0.00%
Assets per employee$59,065
Cash dividends to net income (YTD only)4.52%
Condition Ratios (%)
Loss allowance to loans 50.54%
Loss allowance to noncurrent loans 1.68%
Noncurrent assets plus other real estate owned to assets 46.21%
Noncurrent loans to loans 2.18%
Net loans and leases to deposits3.65%
Net loans and leases to core deposits 65.43%
Equity capital to assets 66.82%
Core capital (leverage) ratio 10.07%
Tier 1 risk-based capital ratio 9.57%
Total risk-based capital ratio 13.01%
Memoranda
Average assets$14
Average earning assets$137,994
Average equity $13,608
Average loans $130,623
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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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