First State Bank of Ben Wheeler, Texas

Headquarters

14269 State Highway 64
Ben Wheeler, TX 75754
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD N.A. 1.01% →
2-Year CD N.A. 0.95% →
5-Year CD N.A. 2.25% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

First State Bank of Ben Wheeler, Texas is an FDIC insured institution located in Ben Wheeler, TX. It was founded in 1911 and has approximately $0.16 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 11904
Date Established 1911
Assets $ 158.20 million
Loans $ 77.46 million
Deposits $ 136.21 million
Capital $ 21.76 million
 

For a more detailed analysis of First State Bank of Ben Wheeler, Texas's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828


Loan Rates - October 22, 2020

Your Current Location: Connecticut, CT 06828

There are currently no loan rates available for First State Bank of Ben Wheeler, Texas

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




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Note to First State Bank of Ben Wheeler, Texas
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Branches

First State Bank of Ben Wheeler, Texas branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Fairfield,Connecticut


First State Bank of Ben Wheeler, Texas Locations


Financial Details

First State Bank of Ben Wheeler, Texas Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First State Bank of Ben Wheeler, Texas. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
First State Bank of Ben Wheeler, Texas U.S. Bank Average
0.16% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, First State Bank of Ben Wheeler, Texas had $37,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $21,756,000 in equity and $876,000 in loans loss reserves. That gives it a Texas Ratio of 0.16%.

Return on Equity
First State Bank of Ben Wheeler, Texas U.S. Bank Average
15.52% 7.80%

First State Bank of Ben Wheeler, Texas has a Return on Equity of 15.52% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
First State Bank of Ben Wheeler, Texas U.S. Bank Average
13.75% 12.68%

First State Bank of Ben Wheeler, Texas has a Capitalization of 13.75% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

First State Bank of Ben Wheeler, Texas Balance Sheet Analysis

As of March 31, 2020, First State Bank of Ben Wheeler, Texas had assets of $158,203,000, loans of $77,461,000, and deposits of $136,213,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 2.52 million
Interest-bearing balances N.A.
Total securities $ 71.44 million
Federal funds sold and reverse repurchase $ 0.48 million
Net loans and leases $ 77.46 million
Loan loss allowance $ 0.88 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 4.96 million
     Total Assets $ 136.45 million
LIABILITIES
Total deposits $ 136.21 million
      Interest-bearing deposits $ 103.24 million
      Deposits held in domestic offices $ 136.21 million
      % insured (estimated) 83.53%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.23 million
      Total Liabilities $ 136.45 million
      Shareholders’ Equity $ 21.76 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 1.52 million
Total Interest Expense $ 0.27 million
Net interest income $ 1.24 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.40 million
Total non interest expense $ 0.82 million
Pre-tax Net Operating Income $ 0.83 million

Bank Loan Profile?

The top three loan types in First State Bank of Ben Wheeler, Texas’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks, First State Bank of Ben Wheeler, Texas’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 40.48
Multifamily
Mortgages
0.00
Credit Card Loans 0.00
Consumer Auto Loans 3.59
Small Business Loans 0.00
Construction and Development Loans 7.91
Commercial Real Estate 8.80
Commercial and Industrial Loans 14.18
Farm Loans 6.46

Frequently Asked Questions About First State Bank Of Ben Wheeler, Texas

Branches and Savings

Is First State Bank Of Ben Wheeler, Texas FDIC insured?

Yes. It is covered under FDIC Certificate #11904.

Why does First State Bank Of Ben Wheeler, Texas pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First State Bank Of Ben Wheeler, Texas CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First State Bank Of Ben Wheeler, Texas a commercial bank?

Yes

Where are First State Bank Of Ben Wheeler, Texas locations?

See branch locations nearby.

Is First State Bank Of Ben Wheeler, Texas open on Saturdays?

Is First State Bank Of Ben Wheeler, Texas open on Sundays?

What time does First State Bank Of Ben Wheeler, Texas open?

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Are First State Bank Of Ben Wheeler, Texas ATMs Open 24/7?

Do First State Bank Of Ben Wheeler, Texas ATMs accept cash deposits?

Can First State Bank Of Ben Wheeler, Texas customers use other ATMs?

Do First State Bank Of Ben Wheeler, Texas branches have notaries?

Will First State Bank Of Ben Wheeler, Texas notarize my document?

What address for First State Bank Of Ben Wheeler, Texas should I put for incoming ACH transfers?

Will the First State Bank Of Ben Wheeler, Texas branch print checks?

Do First State Bank Of Ben Wheeler, Texas checks expire?

Does First State Bank Of Ben Wheeler, Texas require US citizenship to open account?

Can First State Bank Of Ben Wheeler, Texas close my account?

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Does First State Bank Of Ben Wheeler, Texas Use Equifax?

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What is First State Bank Of Ben Wheeler, Texas's SWIFT code?

Products

Does First State Bank Of Ben Wheeler, Texas offer mortgages?

Compare mortgage rates here.

Does First State Bank Of Ben Wheeler, Texas offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First State Bank Of Ben Wheeler, Texas offer personal loans?

Compare personal loan rates here.

Does First State Bank Of Ben Wheeler, Texas offer student loans?

Will First State Bank Of Ben Wheeler, Texas cash a check?

Will First State Bank Of Ben Wheeler, Texas redeem a savings bond?

Does First State Bank Of Ben Wheeler, Texas cash savings bonds?

Will First State Bank Of Ben Wheeler, Texas cash money orders?

Can First State Bank Of Ben Wheeler, Texas issue a money order?

Does First State Bank Of Ben Wheeler, Texas do currency exchange?

Background on The Bank

Who owns First State Bank Of Ben Wheeler, Texas?

How long has First State Bank Of Ben Wheeler, Texas been around?

Can First State Bank Of Ben Wheeler, Texas transfer to other banks?

Does First State Bank Of Ben Wheeler, Texas have quick pay?

Does First State Bank Of Ben Wheeler, Texas accept rolled coins?

Will First State Bank Of Ben Wheeler, Texas accept loose change?

Where is First State Bank Of Ben Wheeler, Texas headquarters?

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