Woodforest National Bank
The Woodlands, Texas, Montgomery County
$9.0B in total assets, the 186th largest of 4,309 US banks and 14th of 352 headquartered in Texas.
- FDIC certificate
- 23220
- Established
- 1980
- Owned by
- Woodforest Finl Group Employee Stk Ownership Plan With 401 K Provisions Amended&restated Eff 01 01 21
- Primary regulator
- OCC
- Website
- www.woodforest.com
At a glance
Compared with 77 banks headquartered in Texas with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $9.0B | 98% | $2.2B | |
| Loans | $5.9B | 98% | $1.3B | |
| Deposits | $8.1B | 98% | $1.7B | |
| Return on assets | 1.81% | 74% | 1.53% | |
| Net interest margin | 4.41% | 70% | 3.95% | |
| Efficiency ratio | 72.9% | 83% | 57.5% | |
| Equity to assets | 8.78% | 18% | 10.77% | |
| Loans to deposits | 72% | 30% | 80% |
Growth
Total assets grew -1.0% a year over the last 5 years and 6.4% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| May 2011 | Woodforest Bank Refugio, TX, an affiliate under the same holding company | $171M |
| Apr 1999 | Highlands Bank Highlands, TX | $74M |
| Jul 1995 | National Bank of Conroe Conroe, TX | $123M |
| Apr 1986 | Bank of Woodforest Houston, TX | $40M |
Where they operate
742 branches in 409 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Montgomery County, TX | $4.1B | 22.4% | 1 of 36 |
| Harris County, TX | $1.4B | 0.5% | 21 of 87 |
| Bexar County, TX | $79M | 0.0% | 31 of 50 |
| Dallas County, TX | $79M | 0.0% | 82 of 109 |
| Tarrant County, TX | $60M | 0.1% | 57 of 74 |
| Fort Bend County, TX | $54M | 0.3% | 30 of 45 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net loss of 10 branches since 2016 (752 to 742, −1.3%). 91 opened, 0 acquired, 101 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 752 | |||
| 2016 | Closed 7 in 3 states | 0 | 7 | −7 | 745 |
| 2017 | Opened 5 in TexasClosed 5 in Texas | 5 | 5 | 0 | 745 |
| 2018 | Opened 24 in 7 statesClosed 20 in 7 states | 24 | 20 | +4 | 749 |
| 2019 | Opened 33 in 11 statesClosed Dallas | 33 | 1 | +32 | 781 |
| 2020 | Opened 10 in 6 statesClosed 23 in 9 states | 10 | 23 | −13 | 768 |
| 2021 | Opened 3 in 3 statesClosed Columbia and The Woodlands | 3 | 2 | +1 | 769 |
| 2022 | Opened 9 in 2 statesClosed Louisville | 9 | 1 | +8 | 777 |
| 2023 | Opened KatyClosed 8 in 5 states | 1 | 8 | −7 | 770 |
| 2024 | Opened 5 in TexasClosed 31 in 13 states | 5 | 31 | −26 | 744 |
| 2025 | Closed Garland | 0 | 1 | −1 | 743 |
| 2026 through Q2 | Opened The VillagesClosed North Richland Hills and Refugio | 1 | 2 | −1 | 742 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Business (C&I) | 39% | 15% | |
| Commercial real estate | 38% | 38% | |
| Construction and land | 5% | 13% | |
| 1-4 family residential | 3% | 20% | |
| Multifamily | 2% | 4% | |
| Consumer | 1% | 2% | |
| Farmland | 0% | 3% | |
| Agricultural | 0% | 1% | |
| Other | 11% | 4% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 59% | 48% | |
| Noninterest-bearing | 33% | 26% | |
| Time deposits | 7% | 26% |
Brokered deposits are 0.0% of deposits (peers 4.2%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 1.93% | 0.42% |
| Net charge-offs, annualized | 0.26% | 0.04% |
| Reserves to loans | 1.54% | 1.20% |
| Leverage ratio | 9.35% | 10.79% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Texas
Largest competitors in Montgomery County, TX
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/woodforest