FDIC Certificate #: 25066 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:West Texas National Bank (#16896) Federal Reserve ID: 401960 Date Established: March 16, 1984 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) FDIC's unique #: 17352 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: March 16, 1984 Last Structure Change Effective Date: October 02, 2000 Last Structure Change Process Date: November 30, 2000 Last Data Update: November 30, 2000 Data Source Date: April 05, 2012
Location
Address: 200 Southeast Avenue B, Seminole, TX 79360 County: Gaines 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: $69.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
35Total employees (full-time equivalent)
$71,673Total assets
$5,492Cash and due from depository institutions
$99Interest-bearing balances
$28,981Securities
$6,400Federal funds sold & reverse repurchase agreements
$27,284Net loans & leases
$693Loan loss allowance
$0Trading account assets
$1,830Bank premises and fixed assets
$0Other real estate owned
$570Goodwill and other intangibles
$0Life insurance assets
$1,116All other assets
$71,673Total liabilities and capital
$66,981Total liabilities
$66,772Total deposits
$49,227Interest-bearing deposits
$66,772Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$209All other liabilities
$4,692Total equity capital
$4,692Total bank equity capital
$4,692Perpetual preferred stock
$0Common stock
$1,350Surplus
$1,350Undivided profits
Memoranda
$1,992Noncurrent loans and leases
$7,466Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$239Earning assets
$0Long-term assets (5+ years)
$706Average Assets, year-to-date
$62,764Average Assets, quarterly
$12,391Volatile liabilities
$69,678Insider loans
$69,724FHLB advances
$9,063Loans and leases held for sale
$1,733Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,466Total unused commitments
$312Restructured Loans and leases
$470Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$4,684Total interest income
$2,025Total interest expense
$2,659Net interest income
$75Provision for loan and lease losses
$401Total noninterest income
$0Fiduciary activities
$359Service charges on deposit accounts
$0Trading account gains & fees
$42Additional noninterest income
$1,998Total noninterest expense
$969Salaries and employee benefits
$439Premises and equipment expense
$590Additional noninterest expense
$987Pre-tax net operating income
$2Securities gains (losses)
$10Applicable income taxes
$979Income before extraordinary items
$0Extraordinary gains - net
$979Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$20Sale, conversion, retirement of capital stock, net
$796Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.48%Yield on earning assets
3.23%Cost of funding earning assets
4.25%Net interest margin
0.64%Noninterest income to earning assets
3.19%Noninterest expense to earning assets
1.40%Net operating income to assets
1.41%Return on assets (ROA)
1.42%Pretax return on assets
19.79%Return on equity (ROE)
3.70%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
375.00%Credit loss provision to net charge-offs
53.10%Efficiency ratio
64,575Assets per employee
2.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
81.31%Loss allowance to loans
2.48%Loss allowance to noncurrent loans
289.96%Noncurrent assets plus other real estate owned to assets
0.33%Noncurrent loans to loans
0.85%Net loans and leases to deposits
40.86%Net loans and leases to core deposits
47.28%Equity capital to assets
6.55%Core capital (leverage) ratio
7.03%Tier 1 risk-based capital ratio
13.01%Total risk-based capital ratio
Memoranda
$14Average assets
$69,678Average earning assets
$4,946Average equity
$62,612Average loans
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