Western National Bank in Odessa, Texas (TX)

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Western National Bank
GeneralFDIC Certificate #: 22482
Status: Active
Federal Reserve ID: 778466
Bank Holding Company (Regulatory Top Holder): Wnb Bancshares, Inc. (RSSDID: 1399671, Location: Odessa, TX)
Date Established: June 15, 1977
WWW: http://www.wnbonline.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 8 (Domestic: 8, Interstate: No)
OTS Docket #: 10189
FDIC's unique #: 15676
Numeric code: 3
Regulator: OCC
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: No
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: June 15, 1977
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 2700 West County Road, Odessa, TX 79764
County: Ector
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
Metropolitan Statistical Area (MSA): Odessa-Midland, TX (#5800)
Combined Statistical Area (CSA): Midland-Odessa, TX (#372)
Core Based Statistical Area (CBSA): Odessa, TX (#36220)
CBSA Metro Statistical Area: Odessa, TX (#36220)
History of ChangesChange in Geographic Region/Area/Territory/Field Office
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $1,198.1 mil
Equity capital: $107.9 mil
Deposits held in domestic offices: $1,051.9 mil
Return on assets (ROA): 2.01% ($24.1 mil)
Quarterly return on assets: 1.99% ($23.8 mil)
Return on Equity (ROE): 23.73% ($25.6 mil)
Quarterly return on equity: 22.87% ($24.7 mil)
Net income: $23.2 mil
Quarterly Net income: $6.1 mil
Pretax return on assets: 2.01% ($24,081.5 mil)
Quarterly Pretax return on assets: 1.99% ($23,841.9 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)171
Total assets$1,198,085
Cash and due from depository institutions$50,703
Interest-bearing balances$17,030
Federal funds sold & reverse repurchase agreements$5,000
Net loans & leases$591,029
Loan loss allowance $9,740
Trading account assets$0
Bank premises and fixed assets$16,672
Other real estate owned$6,050
Goodwill and other intangibles$0
All other assets$33,901
Life insurance assets$1,198,085
Total liabilities and capital$1,088,735
Total liabilities$1,051,871
Total deposits$549,673
Interest-bearing deposits$1,051,871
Deposits held in domestic offices$50
% insured (estimated)29771.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,000
Other borrowed funds $0
Subordinated debt $2,093
All other liabilities $109,350
Total equity capital$107,925
Total bank equity capital$107,925
Perpetual preferred stock$0
Common stock$1,000
Undivided profits $75,408
Noncurrent loans and leases $1,425
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $15,770
Earning assets $0
Long-term assets (5+ years) $4,161
Average Assets, year-to-date $1,107,789
Average Assets, quarterly $435,425
Volatile liabilities $1,158,023
Insider loans $1,220,692
FHLB advances $760,932
Loans and leases held for sale $1,191,563
Unused loan commitments $22,903
Tier 1 (core) risk-based capital $13,085
Tier 2 risk-based capital $100,600
Total risk weighted assets $2,353
Total unused commitments $7,465
Restructured Loans and leases $282,357
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $43,776
Total interest expense $4,802
Net interest income $38,974
Provision for loan and lease losses -$488
Total noninterest income $4,644
Fiduciary activities $0
Service charges on deposit accounts $1,729
Trading account gains & fees $0
Additional noninterest income $2,915
Total noninterest expense $21,105
Salaries and employee benefits $11,616
Premises and equipment expense $3,038
Additional noninterest expense $6,451
Pre-tax net operating income $23,001
Securities gains (losses) $936
Applicable income taxes $0
Income before extraordinary items $23,937
Extraordinary gains - net $0
Net income attributable to bank $23,239
Net charge-offs $698
Cash dividends $23,937
Sale, conversion, retirement of capital stock, net -$747
Net operating income $13,346
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.07%
Cost of funding earning assets 0.45%
Net interest margin 3.63%
Noninterest income to earning assets 0.43%
Noninterest expense to earning assets 1.96%
Net operating income to assets 1.99%
Return on assets (ROA) 2.01%
Pretax return on assets 2.01%
Return on equity (ROE) 23.73%
Retained earnings to average equity (YTD only) 10.10%
Net charge-offs to loans -0.13%
Credit loss provision to net charge-offs 65.33%
Efficiency ratio0.00%
Assets per employee$48,386
Cash dividends to net income (YTD only)7.01%
Condition Ratios (%)
Loss allowance to loans 57.43%
Loss allowance to noncurrent loans 1.62%
Noncurrent assets plus other real estate owned to assets 61.76%
Noncurrent loans to loans 1.82%
Net loans and leases to deposits2.62%
Net loans and leases to core deposits 56.19%
Equity capital to assets 67.74%
Core capital (leverage) ratio 9.01%
Tier 1 risk-based capital ratio 8.44%
Total risk-based capital ratio 13.22%
Average assets$14
Average earning assets$1,158,023
Average equity $97,951
Average loans $1,074,322
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8 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
015676Western National Bank2700 West County Road, Odessa, TX 79764June 15, 1977Full Service Brick and Mortar
1254674Grandview Branch2710 North Grandview Avenue, Odessa, TX 79762May 04, 1987Full Service Brick and Mortar
4254675Downtown Branch801 North Texas Street, Odessa, TX 79761October 28, 1990Full Service Brick and Mortar
5254676Midland Branch508 West Wall Street, Suite 1000, Midland, TX 79701March 01, 1995Full Service Brick and Mortar
6357047Midland Drive Branch4101 North Midland Drive, Midland, TX 79707June 15, 2000Full Service Brick and Mortar
9466152San Pedro Branch12800 San Pedro, San Antonio, TX 78216January 24, 2007Full Service Brick and Mortar
11492706A & Wadley Branch800 W Wadley, Midland, TX 79705October 23, 2008Full Service Brick and Mortar
12527926Fraudree Rd. Branch3501 Faudree Rd., Odessa, TX 79765December 29, 2011Full Service Brick and Mortar
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