American State Bank in Lubbock, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • American State Bank in Lubbock, Texas (TX)
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American State Bank - Overview

  • General
  • FDIC Certificate #: 16701
    Status: Active
    Federal Reserve ID: 822154
    Bank Holding Company (Regulatory Top Holder): American State Financial Corporation (RSSDID: 1103177, Location: Lubbock, TX)
    Date Established: January 01, 1948
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 46 (Domestic: 46, Interstate: No)
    OTS Docket #: 14039
    FDIC's unique #: 10824
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 20, 1948
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1401 Avenue Q, Lubbock, TX 79401
    County: Lubbock
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Lubbock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Lubbock, TX (#4600)
    Combined Statistical Area (CSA): Lubbock-Levelland, TX (#352)
    Core Based Statistical Area (CBSA): Lubbock, TX (#31180)
    CBSA Metro Statistical Area: Lubbock, TX (#31180)
  • History of Changes
  • Corrections
    Change in Geographic Region/Area/Territory/Field Office
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $3,079.1 mil
    Equity capital: $276.1 mil
    Deposits held in domestic offices: $2,459.5 mil
    Return on assets (ROA): 1.48% ($45.6 mil)
    Quarterly return on assets: 0.99% ($30.5 mil)
    Return on Equity (ROE): 15.77% ($43.5 mil)
    Quarterly return on equity: 10.57% ($29.2 mil)
    Net income: $42.1 mil
    Quarterly Net income: $7.4 mil
    Pretax return on assets: 2.07% ($63,736.6 mil)
    Quarterly Pretax return on assets: 1.33% ($40,951.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 584Total employees (full-time equivalent)
  • $3,079,063Total assets
  • $169,821Cash and due from depository institutions
  • $82,418Interest-bearing balances
  • $1,587,810Securities
  • $250Federal funds sold & reverse repurchase agreements
  • $1,184,778Net loans & leases
  • $24,500Loan loss allowance
  • $0Trading account assets
  • $27,546Bank premises and fixed assets
  • $292Other real estate owned
  • $23,294Goodwill and other intangibles
  • $3,079,063Life insurance assets
  • $85,272All other assets
  • $2,803,008Total liabilities and capital
  • $2,459,529Total liabilities
  • $2,243,949Total deposits
  • $2,459,529Interest-bearing deposits
  • $51Deposits held in domestic offices
  • 324726.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $18,753Subordinated debt
  • $276,055All other liabilities
  • $276,055Total equity capital
  • $276,055Total bank equity capital
  • $0Perpetual preferred stock
  • $10,000Common stock
  • $50,000Surplus
  • $216,055Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $13,130Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,843Income earned, not collected on loans
  • $1,728Earning assets
  • $17,337Long-term assets (5+ years)
  • $2,855,256Average Assets, year-to-date
  • $1,304,312Average Assets, quarterly
  • $2,844,258Volatile liabilities
  • $3,008,657Insider loans
  • $1,625,093FHLB advances
  • $3,000,276Loans and leases held for sale
  • $53,315Unused loan commitments
  • $13,590Tier 1 (core) risk-based capital
  • $241,042Tier 2 risk-based capital
  • $30,901Total risk weighted assets
  • $8,824Total unused commitments
  • $345,545Restructured Loans and leases
  • $592Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $109,952Total interest income
  • $14,102Total interest expense
  • $95,850Net interest income
  • $6,213Provision for loan and lease losses
  • $39,399Total noninterest income
  • $3,544Fiduciary activities
  • $19,553Service charges on deposit accounts
  • $0Trading account gains & fees
  • $16,302Additional noninterest income
  • $71,890Total noninterest expense
  • $39,300Salaries and employee benefits
  • $15,353Premises and equipment expense
  • $17,237Additional noninterest expense
  • $57,146Pre-tax net operating income
  • $1,709Securities gains (losses)
  • $16,748Applicable income taxes
  • $42,107Income before extraordinary items
  • $0Extraordinary gains - net
  • $42,107Net income attributable to bank
  • $0Net charge-offs
  • $42,107Cash dividends
  • $163Sale, conversion, retirement of capital stock, net
  • $20,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.17%Yield on earning assets
  • 0.53%Cost of funding earning assets
  • 3.63%Net interest margin
  • 1.49%Noninterest income to earning assets
  • 2.72%Noninterest expense to earning assets
  • 1.44%Net operating income to assets
  • 1.48%Return on assets (ROA)
  • 2.07%Pretax return on assets
  • 15.77%Return on equity (ROE)
  • 8.28%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 3811.66%Credit loss provision to net charge-offs
  • 388.71%Efficiency ratio
  • 53,118Assets per employee
  • 5.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 47.50%Loss allowance to loans
  • 2.03%Loss allowance to noncurrent loans
  • 248.91%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.81%Net loans and leases to deposits
  • 48.17%Net loans and leases to core deposits
  • 53.45%Equity capital to assets
  • 8.97%Core capital (leverage) ratio
  • 8.03%Tier 1 risk-based capital ratio
  • 14.83%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $2,844,258Average earning assets
  • $266,944Average equity
  • $2,638,829Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $818,299Managed Assets
  • 1Number of Accounts
  • $785,092Personal trust and agency accounts
  • $372,545Employee benefit-defined contribution accounts
  • $34,062Employee benefit-defined benefit accounts
  • $54,409Other retirement accounts
  • $36,755Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $228,277Other fiduciary accounts
  • $59,044Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 831Number of Accounts
  • $0Personal trust and agency accounts
  • $36,523Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $33,207Other retirement accounts
  • $3,913Corporate trust and agency accounts
  • $924Other fiduciary accounts
  • $4,870Fiduciary accounts held in foreign offices

List of branches

  • 46 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010824American State Bank1401 Avenue Q, Lubbock, TX 79401January 01, 1948Full Service Brick and Mortar
    1238577Plainview Branch3301 Olton Road, Plainview, TX 79073March 01, 1990Full Service Brick and Mortar
    217384Snyder Branch3610 College Avenue, Snyder, TX 79549May 04, 1984Full Service Brick and Mortar
    3238578Levelland Branch311 College Avenue, Levelland, TX 79336January 07, 1991Full Service Brick and Mortar
    41597666th Street Branch6500 Indiana Avenue, Lubbock, TX 79413May 21, 1979Full Service Brick and Mortar
    525547882nd Street Branch5120 82nd Street, Lubbock, TX 79424September 04, 1984Full Service Brick and Mortar
    617307Brownfield Branch1323 Tahoka Road, Brownfield, TX 79316Febuary 17, 1984Full Service Brick and Mortar
    7238579Cornerstone Court Limited Branch2101 Avenue Q, Lubbock, TX 79411Febuary 15, 1995Limited Service Mobile
    8238580Grand Court Limited Branch4601 71st Street, Lubbock, TX 79424Febuary 15, 1995Limited Service Mobile
    9238581Atria Cottage Village Limited Branch110 Frankford Ave, Lubbock, TX 79416Febuary 15, 1995Limited Service Mobile
    10238582Parkview Place Limited Branch6402 Hartford Avenue, Lubbock, TX 79413Febuary 15, 1995Limited Service Mobile
    13238585Sherick Memorial Limited Branch2502 Utica Avenue, Lubbock, TX 79407March 31, 1995Limited Service Mobile
    15285478Floydada Branch217 West California, Floydada, TX 79235January 01, 1972Full Service Brick and Mortar
    17288421Littlefield Branch1601 South Phelps, Littlefield, TX 79339August 19, 1988Full Service Brick and Mortar
    182385874th Street Branch4827 4th Street, Lubbock, TX 79416Febuary 20, 1996Full Service Brick and Mortar
    20238589Elmbrook Estates Branch5301 66th Street, Lubbock, TX 79424July 09, 1997Limited Service Mobile
    21238590Texas Tech University Center Branch15th And Akron Street, Lubbock, TX 79406September 06, 1996Full Service Retail
    22238591Slaton Branch1800 West Division Street, Slaton, TX 79364November 03, 1997Full Service Brick and Mortar
    24238593Ventura Place Retirement Residence3022 54th Street, Lubbock, TX 79413April 01, 1998Limited Service Mobile
    2615623Cypress Street Branch402 Cypress Street, Abilene, TX 79601Febuary 28, 1977Full Service Brick and Mortar
    27254560Antilley Road Branch2001 Antilley Road, Abilene, TX 79606April 16, 1990Full Service Brick and Mortar
    2825456112th Street Branch3002 North 12th Street, Abilene, TX 79603October 07, 1991Full Service Brick and Mortar
    292160Merkel Branch111 Edwards Street, Merkel, TX 79536November 18, 1904Full Service Brick and Mortar
    30254562Comanche Branch101 North Pearl Street, Comanche, TX 76442August 16, 1993Full Service Brick and Mortar
    31254563Judge Ely Branch815 North Judge Ely Boulevard, Abilene, TX 79601November 01, 1993Full Service Brick and Mortar
    3235294Gorman Branch115 South Fisher, Gorman, TX 76454Febuary 27, 1986Full Service Brick and Mortar
    3311598Big Spring Branch1411 Gregg Street, Big Spring, TX 79720July 14, 1956Full Service Brick and Mortar
    34267469Early Branch305 Early Boulevard, Early, TX 76802January 01, 1922Full Service Brick and Mortar
    35360906Abilene Seasonal Branch1600 Campus Court, Abilene, TX 79601September 15, 2000Limited Service Mobile
    36361811Odessa Parkway Branch4281 John Ben Shepard Parkway, Odessa, TX 79762September 10, 2001Full Service Brick and Mortar
    3711540Odessa Grant Branch620 North Grant Street, Odessa, TX 79761March 16, 1956Full Service Brick and Mortar
    38242233Drive-In Facility132 W 7th St, Odessa, TX 79761September 17, 1974Limited Service Facility
    3936391486th & University Branch8232 University Avenue, Lubbock, TX 79423Febuary 28, 2002Full Service Brick and Mortar
    40363919Midland Wall St Branch509 West Wall, Street, Midland, TX 79701May 01, 2002Full Service Brick and Mortar
    41429627Barrow Street Branch1502 Barrow St, Abilene, TX 79605October 06, 2003Full Service Brick and Mortar
    42431733American State Bank Limited Service1401 Ave. Q, Lubbock, TX 79401May 17, 2004Limited Service Messenger
    43433910Midland Wadley Street Branch4200 West Wadley Street, Midland, TX 79707January 18, 2005Full Service Brick and Mortar
    44444955Weatherford Branch1300 Santa Fe Drive, Weatherford, TX 76086September 26, 2005Full Service Brick and Mortar
    452008Cisco Branch418 Avenue D, Cisco, TX 76437January 01, 1917Full Service Brick and Mortar
    46447952North University Branch114 University Ave, Lubbock, TX 79415January 30, 2006Full Service Retail
    47450569Kermit Hwy Branch3000 Kermit Hwy, Odessa, TX 79764March 20, 2006Full Service Brick and Mortar
    4845705198th And Quaker Branch4505 98th Street, Lubbock, TX 79424November 01, 2006Full Service Brick and Mortar
    49505430San Angelo Branch4109 College Hills Blvd., San Angelo, TX 76904Febuary 22, 2010Full Service Brick and Mortar
    50505431North Grandview Ave. Branch2703 North Grandview Ave., Odessa, TX 79762Febuary 08, 2010Full Service Brick and Mortar
    51510539Glen Rose Branch711 N.E. Big Bend Trail, Glen Rose, TX 76043November 12, 2009Full Service Brick and Mortar
    52522134Brownwood Branch1221 Austin Ave., Brownwood, TX 76801July 25, 2011Full Service Brick and Mortar

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