Waggoner National Bank of Vernon Complete Guide and Review

The Waggoner National Bank of Vernon is a community bank that has been serving the residents of Vernon and surrounding areas for over 100 years. It has a long history of stability and trustworthiness.

With a strong presence in the community, the bank offers a range of personal and business banking services. These services include checking and savings accounts, loans, credit cards, and more.

The bank's commitment to customer service is evident in its convenient online banking platform, which allows customers to manage their accounts, pay bills, and transfer funds from the comfort of their own homes. This is especially useful for those who lead busy lives and need to stay on top of their finances.

One of the bank's most notable features is its dedication to community involvement. The bank actively supports local charities and events, demonstrating its commitment to giving back to the community it serves.

The Waggoner National Bank of Vernon has a rich history, dating back to 1899 when it was founded in Vernon, Texas. It's a testament to the bank's commitment to serving the community for over a century.

The bank operates as a subsidiary of Waggoner National Bancshares, Inc. and is classified as a commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC).

You can find the bank's headquarters at 1818 Texas Street, Vernon, TX 76384. If you need to get in touch, you can visit the official website at https://www.wnbvernon.com.

Here are some key facts about the bank:

The bank's routing number, 111302833, is necessary for processing ACH transfers, wire transactions, direct deposits, bill payments, and other monetary transfers within the US.

The Financial Reports of Waggoner National Bank of Vernon provide a clear picture of the bank's financial health. The bank's income statement shows a net interest income of $7.90 million, which is a significant portion of its total revenue.

Total interest income for the bank is a substantial $12.65 million, dwarfing the total interest expense of $4.74 million. This is a good sign for the bank's profitability.

The bank's non-interest income is $2.52 million, but this is offset by total non-interest expenses of $5.39 million. This means the bank is still generating a profit, albeit a smaller one.

Pre-tax Net Operating Income is $4.19 million, indicating the bank's ability to operate efficiently. Here's a breakdown of the bank's income and expenses:

Waggoner National Bank of Vernon's performance metrics reveal a strong financial position. The bank's net interest margin is 4.42%, indicating a healthy spread between the income earned on earning assets and the cost of funding those assets.

The bank's return on assets (ROA) is 2.10%, which is a good indicator of its ability to generate profits from its assets. This is also reflected in the bank's pretax return on assets, which is the same at 2.10%.

One notable metric is the bank's yield on earning assets, which is 5.22%. This suggests that the bank is earning a decent return on its earning assets. In contrast, the cost of funding earning assets is relatively low at 0.80%.

Discover more: Bank Return Codes

Here are some key performance metrics for Waggoner National Bank of Vernon:

The bank's efficiency ratio is 3.47%, which indicates that it is able to keep costs low while maintaining a decent level of revenue. This is reflected in the bank's assets per employee, which is a high 46,530.

The bank's return on equity (ROE) is a notable 15.50%, indicating that it is generating significant profits from its equity. This is also reflected in the bank's retained earnings to average equity, which is 2.82%.

The Waggoner National Bank of Vernon has two locations, both in Texas, with the Head Office branch being one of them. The Head Office branch is located at 1818 Texas Street, Vernon, TX 76384.

The branch operates as a full-service, brick and mortar office, serving customers since 1899. It's a great place to open checking and savings accounts, apply for loans, and manage financial transactions.

The routing number for the Head Office branch is 111302833, which is valid for Automated Clearing House ACH transactions and wire transfers. Make sure to verify this information with the branch before proceeding with any transactions.

The branch is open during regular business hours, and you can visit the official website at www.wnbvernon.com for lobby hours, drive-up hours, and online banking services.

The Waggoner National Bank of Vernon has received customer feedback through reviews and complaints, with an average rating of 3.0 out of 5 stars based on 2 customer votes.

The bank's overall rating is based on feedback from a total of 2 customers who have cast their vote for 2 branches.

Unfortunately, it seems that not many customers have taken the time to share their experiences with the bank, with only 2 customers providing feedback in the last year.

The bank's customer feedback is a valuable resource for potential customers, giving them an idea of what to expect from their banking experience.

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The Waggoner National Bank of Vernon has a diverse loan portfolio, with a focus on Commercial Real Estate loans making up 32.01% of their total loans.

Their top three loan types are Commercial Real Estate, Construction and Development Loans, and 1-4 Family Residential Loans. Commercial Real Estate loans are significantly more prevalent than the other two, indicating a strong presence in the commercial lending market.

Commercial Real Estate loans account for a substantial portion of their portfolio, while Construction and Development Loans and 1-4 Family Residential Loans follow closely behind. This suggests a focus on supporting local businesses and homebuyers.

Here's a breakdown of the top loan types in the bank's portfolio:

The bank's loan portfolio is well-rounded, with a mix of loan types that cater to different customer needs.