Westbound Bank in Katy, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches


Westbound Bank - Overview

  • General
  • FDIC Certificate #: 58417
    Status: Active
    Federal Reserve ID: 3447893
    Date Established: January 08, 2007
    WWW: http://www.westboundbank.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 #: 451207
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 08, 2007
    Last Structure Change Effective Date: April 07, 2011
    Last Structure Change Process Date: December 07, 2011
    Last Data Update: December 07, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 655 West Grand Parkway South, Katy, TX 77494
    County: Harris
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Houston
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Houston, TX (#3360)
    Consolidated Metropolitan Statistical Area (CMSA): Houston-Galveston-Brazoria, TX (#42)
    Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288)
    Core Based Statistical Area (CBSA): Houston-Sugar Land-Baytown, TX (#26420)
    CBSA Metro Statistical Area: Houston-Sugar Land-Baytown, TX (#26420)
  • Financial Summary
  • Total assets: $152.1 mil
    Equity capital: $18.9 mil
    Deposits held in domestic offices: $124.2 mil
    Return on assets (ROA): -0.93% (-$1.4 mil)
    Quarterly return on assets: -0.17% (-$0.3 mil)
    Return on Equity (ROE): -7.20% (-$1.4 mil)
    Quarterly return on equity: -1.35% (-$0.3 mil)
    Net income: -$1.4 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -0.93% (-$1,414.5 mil)
    Quarterly Pretax return on assets: -0.17% (-$258.6 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
  • 36Total employees (full-time equivalent)
  • $152,093Total assets
  • $24,067Cash and due from depository institutions
  • $18,760Interest-bearing balances
  • $23,438Securities
  • $40Federal funds sold & reverse repurchase agreements
  • $84,462Net loans & leases
  • $2,697Loan loss allowance
  • $0Trading account assets
  • $4,651Bank premises and fixed assets
  • $8,390Other real estate owned
  • $845Goodwill and other intangibles
  • $152,093Life insurance assets
  • $6,200All other assets
  • $133,170Total liabilities and capital
  • $124,208Total liabilities
  • $100,424Total deposits
  • $124,208Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,000Trading liabilities
  • $0Other borrowed funds
  • $1,962Subordinated debt
  • $18,923All other liabilities
  • $18,923Total equity capital
  • $18,923Total bank equity capital
  • $1,765Perpetual preferred stock
  • $10,670Common stock
  • $12,796Surplus
  • $-6,308Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,802Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,328Income earned, not collected on loans
  • $0Earning assets
  • $385Long-term assets (5+ years)
  • $126,700Average Assets, year-to-date
  • $13,389Average Assets, quarterly
  • $149,966Volatile liabilities
  • $148,099Insider loans
  • $108,916FHLB advances
  • $148,578Loans and leases held for sale
  • $4,791Unused loan commitments
  • $4,791Tier 1 (core) risk-based capital
  • $18,814Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,874Restructured Loans and leases
  • $9Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,051Total interest income
  • $1,404Total interest expense
  • $4,647Net interest income
  • $1,649Provision for loan and lease losses
  • $2,043Total noninterest income
  • $0Fiduciary activities
  • $226Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,817Additional noninterest income
  • $6,460Total noninterest expense
  • $3,576Salaries and employee benefits
  • $460Premises and equipment expense
  • $2,424Additional noninterest expense
  • -$1,419Pre-tax net operating income
  • $19Securities gains (losses)
  • $0Applicable income taxes
  • -$1,400Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,400Net income attributable to bank
  • $0Net charge-offs
  • -$1,400Cash dividends
  • $964Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.84%Yield on earning assets
  • 1.12%Cost of funding earning assets
  • 3.71%Net interest margin
  • 1.63%Noninterest income to earning assets
  • 5.16%Noninterest expense to earning assets
  • -0.95%Net operating income to assets
  • -0.93%Return on assets (ROA)
  • -0.93%Pretax return on assets
  • -7.20%Return on equity (ROE)
  • -7.20%Retained earnings to average equity (YTD only)
  • 1.01%Net charge-offs to loans
  • 171.06%Credit loss provision to net charge-offs
  • 0.24%Efficiency ratio
  • 96,562Assets per employee
  • 4.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.09%Loss allowance to noncurrent loans
  • 62.32%Noncurrent assets plus other real estate owned to assets
  • 8.36%Noncurrent loans to loans
  • 4.97%Net loans and leases to deposits
  • 68.00%Net loans and leases to core deposits
  • 71.15%Equity capital to assets
  • 12.44%Core capital (leverage) ratio
  • 12.66%Tier 1 risk-based capital ratio
  • 17.27%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $149,966Average earning assets
  • $19,439Average equity
  • $125,110Average loans

List of branches

  • 3 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0451207Westbound Bank655 West Grand Parkway South, Katy, TX 77494January 08, 2007Full Service Brick and Mortar
    1480908Bellaire Office Branch5231 Bellaire Blvd., Bellaire, TX 77401July 31, 2007Full Service Brick and Mortar
    2492798Northwest Branch13225 Fm 529, Suite 107, Houston, TX 77041April 01, 2009Full Service Brick and Mortar

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