WestStar Bank in El Paso, Texas (TX)

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WestStar Bank
GeneralFDIC Certificate #: 32941
Status: Active
Federal Reserve ID: 1447639
Bank Holding Company (Regulatory Top Holder): Weststar Bank Holding Company, Inc. (RSSDID: 3122051, Location: El Paso, TX)
Date Established: May 01, 1990
WWW: http://www.botw-ep.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 9 (Domestic: 9, Interstate: No)
OTS Docket #: 9590
FDIC's unique #: 46117
Numeric code: 13
Regulator: FED
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: May 01, 1990
Last Structure Change Effective Date: Febuary 21, 2012
Last Structure Change Process Date: Febuary 24, 2012
Last Data Update: Febuary 24, 2012
Data Source Date: April 05, 2012
LocationAddress: 500 North Mesa Street, El Paso, TX 79901
County: El Paso
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Albuquerque
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): El Paso, TX (#2320)
Core Based Statistical Area (CBSA): El Paso, TX (#21340)
CBSA Metro Statistical Area: El Paso, TX (#21340)
History of ChangesName Change
Financial SummaryTotal assets: $986.4 mil
Equity capital: $84.5 mil
Deposits held in domestic offices: $895.1 mil
Return on assets (ROA): 2.52% ($24.8 mil)
Quarterly return on assets: 2.38% ($23.5 mil)
Return on Equity (ROE): 29.87% ($25.1 mil)
Quarterly return on equity: 27.85% ($23.4 mil)
Net income: $23.5 mil
Quarterly Net income: $5.8 mil
Pretax return on assets: 2.52% ($24,858.1 mil)
Quarterly Pretax return on assets: 2.38% ($23,477.1 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)198
Total assets$986,432
Cash and due from depository institutions$54,082
Interest-bearing balances$37,287
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$615,700
Loan loss allowance $8,451
Trading account assets$0
Bank premises and fixed assets$13,618
Other real estate owned$985
Goodwill and other intangibles$382
All other assets$8,591
Life insurance assets$986,432
Total liabilities and capital$901,956
Total liabilities$895,052
Total deposits$669,602
Interest-bearing deposits$895,052
Deposits held in domestic offices$71
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$890
Other borrowed funds $0
Subordinated debt $6,014
All other liabilities $84,476
Total equity capital$84,476
Total bank equity capital$84,476
Perpetual preferred stock$0
Common stock$7,110
Undivided profits $40,476
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 $5,404
Earning assets $376
Long-term assets (5+ years) $2,958
Average Assets, year-to-date $946,061
Average Assets, quarterly $483,791
Volatile liabilities $934,618
Insider loans $979,218
FHLB advances $667,521
Loans and leases held for sale $972,431
Unused loan commitments $682
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $77,803
Total risk weighted assets $682
Total unused commitments $0
Restructured Loans and leases $149,400
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $46,158
Total interest expense $5,295
Net interest income $40,863
Provision for loan and lease losses $225
Total noninterest income $5,759
Fiduciary activities $1,760
Service charges on deposit accounts $2,568
Trading account gains & fees $0
Additional noninterest income $1,431
Total noninterest expense $22,854
Salaries and employee benefits $12,773
Premises and equipment expense $2,389
Additional noninterest expense $7,692
Pre-tax net operating income $23,543
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $23,543
Extraordinary gains - net $0
Net income attributable to bank $23,543
Net charge-offs $0
Cash dividends $23,543
Sale, conversion, retirement of capital stock, net $603
Net operating income $16,308
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.15%
Cost of funding earning assets 0.59%
Net interest margin 4.56%
Noninterest income to earning assets 0.64%
Noninterest expense to earning assets 2.55%
Net operating income to assets 2.52%
Return on assets (ROA) 2.52%
Pretax return on assets 2.52%
Return on equity (ROE) 29.87%
Retained earnings to average equity (YTD only) 9.18%
Net charge-offs to loans 0.10%
Credit loss provision to net charge-offs 37.31%
Efficiency ratio39.42%
Assets per employee$48,001
Cash dividends to net income (YTD only)4.98%
Condition Ratios (%)
Loss allowance to loans 69.27%
Loss allowance to noncurrent loans 1.35%
Noncurrent assets plus other real estate owned to assets 156.38%
Noncurrent loans to loans 0.65%
Net loans and leases to deposits0.87%
Net loans and leases to core deposits 68.79%
Equity capital to assets 77.74%
Core capital (leverage) ratio 8.56%
Tier 1 risk-based capital ratio 8.00%
Total risk-based capital ratio 11.66%
Average assets$13
Average earning assets$934,618
Average equity $78,831
Average loans $896,605
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Total Fiduciary and Related Assets (December 31, 2011)
(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$239,557
Number of Accounts1
Personal trust and agency accounts$236,586
Employee benefit-defined contribution accounts$169,756
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$2,939
Investment management agency accounts$0
Other fiduciary accounts$63,891
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts165
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$2,939
Employee benefit-defined benefit accounts$0
Other retirement accounts$2,971
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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9 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
046117Weststar Bank500 North Mesa Street, El Paso, TX 79901May 01, 1990Full Service Brick and Mortar
1289093Westside Branch6700 North Mesa, El Paso, TX 79912August 24, 1992Full Service Brick and Mortar
2289094Eastside Branch8340 Gateway East, El Paso, TX 79907October 14, 1992Full Service Brick and Mortar
3288399Montwood Branch10400 Montwood Drive, El Paso, TX 79935June 30, 1989Full Service Brick and Mortar
4289095Zaragosa Branch12101 Montwood Drive, El Paso, TX 79936March 02, 1998Full Service Brick and Mortar
5361210Viscount/Golden Key Branch8865 Viscount Blvd, El Paso, TX 79925June 14, 2001Full Service Brick and Mortar
6478985Hondo Pass Branch4721 Hondo Pass, El Paso, TX 79904September 19, 2007Full Service Brick and Mortar
7493590Redd Road Branch425 East Redd Road, El Paso, TX 79912July 22, 2009Full Service Brick and Mortar
8527457Paisano Branch5604 East Paisano Drive, El Paso, TX 79925November 30, 2011Full Service Brick and Mortar
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