WestStar Bank in El Paso, Texas (TX)
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| WestStar Bank | |
|---|---|
| General | FDIC 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 |
| Location | Address: 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 Changes | Name Change |
| Financial Summary | Total 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) |
| 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 |
| Securities | $293,074 |
| 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 |
| Surplus | $36,890 |
| Undivided profits | $40,476 |
| 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 | $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 |
| Derivatives | $37,052 |
| 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 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.15% |
| 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 ratio | 39.42% |
| 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 deposits | 0.87% |
| 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% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $934,618 |
| Average equity | $78,831 |
| Average loans | $896,605 |
| 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 Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $239,557 |
| Number of Accounts | 1 |
| 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 Accounts | 165 |
| 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 |
| 9 Texas Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 46117 | Weststar Bank | 500 North Mesa Street, El Paso, TX 79901 | May 01, 1990 | Full Service Brick and Mortar |  |
| 1 | 289093 | Westside Branch | 6700 North Mesa, El Paso, TX 79912 | August 24, 1992 | Full Service Brick and Mortar |  |
| 2 | 289094 | Eastside Branch | 8340 Gateway East, El Paso, TX 79907 | October 14, 1992 | Full Service Brick and Mortar | |
| 3 | 288399 | Montwood Branch | 10400 Montwood Drive, El Paso, TX 79935 | June 30, 1989 | Full Service Brick and Mortar | |
| 4 | 289095 | Zaragosa Branch | 12101 Montwood Drive, El Paso, TX 79936 | March 02, 1998 | Full Service Brick and Mortar | |
| 5 | 361210 | Viscount/Golden Key Branch | 8865 Viscount Blvd, El Paso, TX 79925 | June 14, 2001 | Full Service Brick and Mortar | |
| 6 | 478985 | Hondo Pass Branch | 4721 Hondo Pass, El Paso, TX 79904 | September 19, 2007 | Full Service Brick and Mortar | |
| 7 | 493590 | Redd Road Branch | 425 East Redd Road, El Paso, TX 79912 | July 22, 2009 | Full Service Brick and Mortar | |
| 8 | 527457 | Paisano Branch | 5604 East Paisano Drive, El Paso, TX 79925 | November 30, 2011 | Full Service Brick and Mortar | |
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