Waggoner Bank

Waggoner Bank is headquartered in Vernon and is the 205^th largest bank in the state of Texas. It is also the 2,599^th largest bank in the nation. It was established in 1899 and as of March of 2012, it had grown to 60 employees at 2 locations. Waggoner Bank has a 5-star health rating.

Waggoner Bank Checking Account Rates

Data for Q1 2012

Institution Statistics The Waggoner National Bank of Vernon FDIC Certificate # 5569 BankRate Report View Year Established 1899 Employees 60 Primary Regulator OCC Assets and Liabilities Assets $246.99 million Loans $141.65 million Deposits $205.95 million Equity Capital $34.68 million Loan Loss Allowance $4.44 million Unbacked Noncurrent Loans $1.02 million Real Estate Owned $140,000 Historic Data - March 2011 Assets $236.87 million Equity Capital $31.29 million Loan Loss Allowance $3.65 million Unbacked Noncurrent Loans $2.08 million Real Estate Owned $58,000 Profit Margin - Quarterly Net Interest Margin 4.41% Return on Assets 2.79% Return on Equity 20.01% Interest Income $2.80 million

Institution Health Overall Score: 5 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Waggoner Bank had $1.16 million in non-current loans and owned real-estate with $39.13 million in equity and loan loss allowances on hand to cover it. This gives Waggoner Bank a Texas Ratio of 2.97% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Waggoner Bank decreased significantly from 6.13% as of March 31, 2011 to 2.97% as of March 31, 2012, resulting in a positive change of 51.58%.This indicates that the balance sheet and financial strength for Waggoner Bank has improved significantly in recent periods. Deposit Growth In the past year, Waggoner Bank has increased its total deposits by $1.67 million, resulting in 0.82% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Waggoner Bank has shown is average. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Waggoner Bank has $246.99 million in assets with $39.13 million in equity, resulting in a capitalization level of 15.84%, which is excellent.

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