First State Bank of Mineral Wells

Headquarters

101 Se 1st Street
Mineral Wells, TX 76067
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.80% →
2-Year CD N.A. 0.80% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

First State Bank of Mineral Wells is an FDIC insured institution located in Mineral Wells, TX. It was founded in 1987 and has approximately $0.13 billion in assets.

FDIC Insured Yes
FDIC Certificate # 26929
Date Established 1987
Assets $ 127.99 million
Loans $ 59.15 million
Deposits $ 114.55 million
Capital $ 12.77 million
 

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

Deposit Rates - September 23, 2021

Your Current Location: California, CA 92111

 

Loan Rates - September 23, 2021

Your Current Location: California, CA 92111

There are currently no loan rates available for First State Bank of Mineral Wells

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




Featured - California 30 Year Fixed Mortgage Rates 2021

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NMLS ID: 1168
2.826% 2.750%
1.00 points
$2,478 fees
$1,021 Learn More

Featured - California Home Equity Line Of Credit Rates 2021

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BMO Harris Bank
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Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
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Third Federal Savings and Loan
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2.240 %
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Note to First State Bank of Mineral Wells
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Branches

First State Bank of Mineral Wells 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:
San Diego,California


First State Bank of Mineral Wells Locations


Financial Details

First State Bank of Mineral Wells Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First State Bank of Mineral Wells. 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 Mineral Wells U.S. Bank Average
0.74% 5.29%

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, 2021, First State Bank of Mineral Wells had $70,000 in non-current loans and $30,000 in owned real estate. To cover these potential losses it had $12,771,000 in equity and $690,000 in loans loss reserves. That gives it a Texas Ratio of 0.74%.

Return on Equity
First State Bank of Mineral Wells U.S. Bank Average
10.14% 11.43%

First State Bank of Mineral Wells has a Return on Equity of 10.14% versus the BestCashCow average of 11.43%. 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 Mineral Wells U.S. Bank Average
9.98% 11.51%

First State Bank of Mineral Wells has a Capitalization of 9.98% versus the BestCashCow average of 11.51. 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 Mineral Wells Balance Sheet Analysis

As of June 30, 2013, First State Bank of Mineral Wells had assets of $127,990,000, loans of $59,152,000, and deposits of $114,547,000. 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, 2021
ASSETS
Cash & Balances due from depository institutions N.A.
Interest-bearing balances N.A.
Total securities N.A.
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 59.15 million
Loan loss allowance $ 0.69 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.03 million
Goodwill and other intangibles N.A.
All other assets N.A.
     Total Assets N.A.
LIABILITIES
Total deposits $ 114.55 million
      Interest-bearing deposits N.A.
      Deposits held in domestic offices N.A.
      % insured (estimated) 0.00%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities N.A.
      Total Liabilities N.A.
      Shareholders’ Equity $ 127.99 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income N.A.
Total Interest Expense N.A.
Net interest income N.A.
Provision for loan and lease losses N.A.
Total non interest income N.A.
Total non interest expense N.A.
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in First State Bank of Mineral Wells’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Small Business Loans.

Compared to other banks in Texas, First State Bank of Mineral Wells has a significantly higher percent of Small Business Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

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 28.94
Multifamily
Mortgages
0.74
Credit Card Loans 0.00
Consumer Auto Loans 1.39
Small Business Loans 18.11
Construction and Development Loans 10.09
Commercial Real Estate 44.18
Commercial and Industrial Loans 10.64
Farm Loans 1.08

Frequently Asked Questions About First State Bank Of Mineral Wells

Branches and Savings

Is First State Bank Of Mineral Wells FDIC insured?

Yes. It is covered under FDIC Certificate #26929.

Why does First State Bank Of Mineral Wells 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 Mineral Wells CD rates not competitive?

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

Is First State Bank Of Mineral Wells a commercial bank?

Yes

Where are First State Bank Of Mineral Wells locations?

See branch locations nearby.

Is First State Bank Of Mineral Wells open on Saturdays?

Is First State Bank Of Mineral Wells open on Sundays?

What time does First State Bank Of Mineral Wells open?

What time does First State Bank Of Mineral Wells close?

Are First State Bank Of Mineral Wells ATMs Open 24/7?

Do First State Bank Of Mineral Wells ATMs accept cash deposits?

Can First State Bank Of Mineral Wells customers use other ATMs?

Do First State Bank Of Mineral Wells branches have notaries?

Will First State Bank Of Mineral Wells notarize my document?

What address for First State Bank Of Mineral Wells should I put for incoming ACH transfers?

Will the First State Bank Of Mineral Wells branch print checks?

Do First State Bank Of Mineral Wells checks expire?

Does First State Bank Of Mineral Wells require US citizenship to open account?

Can First State Bank Of Mineral Wells close my account?

Does First State Bank Of Mineral Wells Report to credit bureaus?

Does First State Bank Of Mineral Wells Use Equifax?

What is First State Bank Of Mineral Wells's ACH Routing Number?

What is First State Bank Of Mineral Wells's SWIFT code?

Products

Does First State Bank Of Mineral Wells offer mortgages?

Compare mortgage rates here.

Does First State Bank Of Mineral Wells offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First State Bank Of Mineral Wells offer personal loans?

Compare personal loan rates here.

Does First State Bank Of Mineral Wells offer student loans?

Will First State Bank Of Mineral Wells cash a check?

Will First State Bank Of Mineral Wells redeem a savings bond?

Does First State Bank Of Mineral Wells cash savings bonds?

Will First State Bank Of Mineral Wells cash money orders?

Can First State Bank Of Mineral Wells issue a money order?

Does First State Bank Of Mineral Wells do currency exchange?

Background on The Bank

Who owns First State Bank Of Mineral Wells?

How long has First State Bank Of Mineral Wells been around?

Can First State Bank Of Mineral Wells transfer to other banks?

Does First State Bank Of Mineral Wells have quick pay?

Does First State Bank Of Mineral Wells accept rolled coins?

Will First State Bank Of Mineral Wells accept loose change?

Where is First State Bank Of Mineral Wells headquarters?

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