Wood County National Bank in Quitman, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2012

  • Wood County National Bank in Quitman, Texas (TX)
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Wood County National Bank - Overview

  • General
  • FDIC Certificate #: 23739
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The First National Bank of Gilmer (#3218)
    Federal Reserve ID: 796769
    Bank Holding Company (Regulatory Top Holder): First Gilmer Bankshares, Inc. (RSSDID: 1246515, Location: Gilmer, TX)
    Date Established: Febuary 19, 1982
    WWW: http://www.fnbgilmer.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 11016
    FDIC's unique #: 16594
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: Febuary 19, 1982
    Last Structure Change Effective Date: January 01, 2012
    Last Structure Change Process Date: January 04, 2012
    Last Data Update: January 04, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 417 South Main, Quitman, TX 75783
    County: Wood
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Dallas
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
  • Financial Summary
  • Total assets: $64.2 mil
    Equity capital: $8.0 mil
    Deposits held in domestic offices: $55.9 mil
    Return on assets (ROA): 0.06% ($0.0 mil)
    Quarterly return on assets: -1.12% (-$0.7 mil)
    Return on Equity (ROE): 0.51% ($0.0 mil)
    Quarterly return on equity: -9.07% (-$0.7 mil)
    Net income: $0.0 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: 0.06% ($38.5 mil)
    Quarterly Pretax return on assets: -1.12% (-$719.0 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
  • 15Total employees (full-time equivalent)
  • $64,195Total assets
  • $8,065Cash and due from depository institutions
  • $6,655Interest-bearing balances
  • $9,604Securities
  • $365Federal funds sold & reverse repurchase agreements
  • $39,189Net loans & leases
  • $725Loan loss allowance
  • $0Trading account assets
  • $2,410Bank premises and fixed assets
  • $390Other real estate owned
  • $1,518Goodwill and other intangibles
  • $64,195Life insurance assets
  • $2,654All other assets
  • $56,183Total liabilities and capital
  • $55,945Total liabilities
  • $45,857Total deposits
  • $55,945Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $238Subordinated debt
  • $8,012All other liabilities
  • $8,012Total equity capital
  • $8,012Total bank equity capital
  • $0Perpetual preferred stock
  • $339Common stock
  • $5,622Surplus
  • $2,051Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $343Income earned, not collected on loans
  • $0Earning assets
  • $406Long-term assets (5+ years)
  • $55,813Average Assets, year-to-date
  • $11,884Average Assets, quarterly
  • $65,520Volatile liabilities
  • $65,540Insider loans
  • $38,246FHLB advances
  • $64,067Loans and leases held for sale
  • $1,755Unused loan commitments
  • $1,755Tier 1 (core) risk-based capital
  • $6,363Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,541Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,970Total interest income
  • $404Total interest expense
  • $2,566Net interest income
  • $462Provision for loan and lease losses
  • $1,124Total noninterest income
  • $0Fiduciary activities
  • $475Service charges on deposit accounts
  • $0Trading account gains & fees
  • $649Additional noninterest income
  • $3,187Total noninterest expense
  • $1,261Salaries and employee benefits
  • $583Premises and equipment expense
  • $1,343Additional noninterest expense
  • $41Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $41Income before extraordinary items
  • $0Extraordinary gains - net
  • $41Net income attributable to bank
  • $0Net charge-offs
  • $41Cash dividends
  • $205Sale, conversion, retirement of capital stock, net
  • $114Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.31%Yield on earning assets
  • 0.72%Cost of funding earning assets
  • 4.58%Net interest margin
  • 2.01%Noninterest income to earning assets
  • 5.69%Noninterest expense to earning assets
  • 0.06%Net operating income to assets
  • 0.06%Return on assets (ROA)
  • 0.06%Pretax return on assets
  • 0.51%Return on equity (ROE)
  • -0.90%Retained earnings to average equity (YTD only)
  • 0.51%Net charge-offs to loans
  • 225.37%Credit loss provision to net charge-offs
  • 2.45%Efficiency ratio
  • 86,369Assets per employee
  • 4.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 278.05%Loss allowance to loans
  • 1.82%Loss allowance to noncurrent loans
  • 211.37%Noncurrent assets plus other real estate owned to assets
  • 1.14%Noncurrent loans to loans
  • 0.86%Net loans and leases to deposits
  • 70.05%Net loans and leases to core deposits
  • 70.79%Equity capital to assets
  • 12.48%Core capital (leverage) ratio
  • 9.93%Tier 1 risk-based capital ratio
  • 16.64%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $65,520Average earning assets
  • $8,093Average equity
  • $55,967Average loans

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