First National Bank in Wheeler in Wheeler, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 30, 1994

First National Bank in Wheeler in Wheeler, Texas (TX)
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First National Bank in Wheeler - Overview

General
FDIC Certificate #: 16901
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wellington State Bank (#1219)
Federal Reserve ID: 295066
Date Established: January 01, 1908
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 10988
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: April 12, 1950
Last Structure Change Effective Date: July 30, 1994
Last Structure Change Process Date: August 16, 1994
Last Data Update: August 16, 1994
Data Source Date: April 05, 2012
Location
Address: 405 Alan L. Bean Boulevard, Wheeler, TX 79096
County: Wheeler
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
Financial Summary
Total assets: $33.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$14Total assets
$35,836Cash and due from depository institutions
$1,437Interest-bearing balances
$0Securities
$20,424Federal funds sold & reverse repurchase agreements
$4,555Net loans & leases
$8,690Loan loss allowance
$250Trading account assets
$0Bank premises and fixed assets
$283Other real estate owned
$0Goodwill and other intangibles
$447Life insurance assets
$0All other assets
$0Total liabilities and capital
$35,836Total liabilities
$31,093Total deposits
$30,978Interest-bearing deposits
$27,700Deposits held in domestic offices
30978.00%% insured (estimated)
$83Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$115Total equity capital
$115Total bank equity capital
$4,743Perpetual preferred stock
$0Common stock
$114Surplus
$368Undivided profits
Memoranda
$4,261Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$942Income earned, not collected on loans
$73Earning assets
$33,669Long-term assets (5+ years)
$7,557Average Assets, year-to-date
$35,132Average Assets, quarterly
$35,041Volatile liabilities
$3,995Insider loans
$2,372FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,384Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,743Total risk weighted assets
$13,950Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$2,311Total interest expense
$864Net interest income
$1,447Provision for loan and lease losses
$7Total noninterest income
$87Fiduciary activities
$0Service charges on deposit accounts
$75Trading account gains & fees
$0Additional noninterest income
$12Total noninterest expense
$940Salaries and employee benefits
$518Premises and equipment expense
$104Additional noninterest expense
$318Pre-tax net operating income
$587Securities gains (losses)
$11Applicable income taxes
$123Income before extraordinary items
$475Extraordinary gains - net
$0Net income attributable to bank
$475Net charge-offs
$91Cash dividends
$100Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.96%Cost of funding earning assets
2.60%Net interest margin
4.36%Noninterest income to earning assets
0.26%Noninterest expense to earning assets
2.83%Net operating income to assets
1.33%Return on assets (ROA)
1.35%Pretax return on assets
1.70%Return on equity (ROE)
10.35%Retained earnings to average equity (YTD only)
8.17%Net charge-offs to loans
0.97%Credit loss provision to net charge-offs
7.69%Efficiency ratio
61,278Assets per employee
2.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
21.05%Loss allowance to loans
2.80%Loss allowance to noncurrent loans
26.54%Noncurrent assets plus other real estate owned to assets
2.63%Noncurrent loans to loans
10.54%Net loans and leases to deposits
28.05%Net loans and leases to core deposits
32.21%Equity capital to assets
13.24%Core capital (leverage) ratio
13.24%Tier 1 risk-based capital ratio
34.00%Total risk-based capital ratio
Memoranda
$35Average assets
$35,132Average earning assets
$4,591Average equity
$33,225Average loans

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