American State Bank in Arp, Texas (TX)



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American State Bank
GeneralFDIC Certificate #: 9967
Status: Active
Federal Reserve ID: 262358
Bank Holding Company (Regulatory Top Holder): Steele Holdings, Inc. (RSSDID: 4136046, Location: Tyler, TX)
Date Established: August 01, 1911
WWW: http://www.asbtx.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
FDIC's unique #: 6370
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: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 29, 2011
Last Structure Change Process Date: September 26, 2011
Last Data Update: September 26, 2011
Data Source Date: April 05, 2012
LocationAddress: 102 W Front, Arp, TX 75750
County: Smith
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Dallas
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Tyler, TX (#8640)
Combined Statistical Area (CSA): Tyler-Jacksonville, TX (#540)
Core Based Statistical Area (CBSA): Tyler, TX (#46340)
CBSA Metro Statistical Area: Tyler, TX (#46340)
History of ChangesName Change
Financial SummaryTotal assets: $207.5 mil
Equity capital: $38.0 mil
Deposits held in domestic offices: $157.3 mil
Return on assets (ROA): 1.74% ($3.6 mil)
Quarterly return on assets: 0.74% ($1.5 mil)
Return on Equity (ROE): 12.34% ($4.7 mil)
Quarterly return on equity: 3.96% ($1.5 mil)
Net income: $4.0 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 1.74% ($3,610.4 mil)
Quarterly Pretax return on assets: 0.74% ($1,535.5 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)
Total employees (full-time equivalent)53
Total assets$207,494
Cash and due from depository institutions$16,399
Interest-bearing balances$8,911
Securities$26,484
Federal funds sold & reverse repurchase agreements$19,108
Net loans & leases$120,845
Loan loss allowance $1,369
Trading account assets$0
Bank premises and fixed assets$10,962
Other real estate owned$3,420
Goodwill and other intangibles$4,921
All other assets$5,355
Life insurance assets$207,494
Total liabilities and capital$169,456
Total liabilities$157,314
Total deposits$126,618
Interest-bearing deposits$157,314
Deposits held in domestic offices$79
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$12,000
Other borrowed funds $0
Subordinated debt $142
All other liabilities $38,038
Total equity capital$38,038
Total bank equity capital$38,038
Perpetual preferred stock$0
Common stock$400
Surplus$27,881
Undivided profits $9,757
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $421
Income earned, not collected on loans $2,534
Earning assets $0
Long-term assets (5+ years) $967
Average Assets, year-to-date $175,348
Average Assets, quarterly $43,036
Volatile liabilities $227,780
Insider loans $207,662
FHLB advances $142,248
Loans and leases held for sale $202,234
Unused loan commitments $1,767
Tier 1 (core) risk-based capital $1,767
Tier 2 risk-based capital $32,996
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,724
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,671
Total interest expense $1,769
Net interest income $6,902
Provision for loan and lease losses $160
Total noninterest income $4,498
Fiduciary activities $0
Service charges on deposit accounts $788
Trading account gains & fees $0
Additional noninterest income $3,710
Total noninterest expense $7,279
Salaries and employee benefits $3,981
Premises and equipment expense $804
Additional noninterest expense $2,494
Pre-tax net operating income $3,961
Securities gains (losses) $3
Applicable income taxes $0
Income before extraordinary items $3,964
Extraordinary gains - net $0
Net income attributable to bank $3,964
Net charge-offs $0
Cash dividends $3,964
Sale, conversion, retirement of capital stock, net $88
Net operating income $2,372
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.33%
Cost of funding earning assets 0.88%
Net interest margin 3.45%
Noninterest income to earning assets 2.25%
Noninterest expense to earning assets 3.64%
Net operating income to assets 1.74%
Return on assets (ROA) 1.74%
Pretax return on assets 1.74%
Return on equity (ROE) 12.34%
Retained earnings to average equity (YTD only) 4.96%
Net charge-offs to loans 0.06%
Credit loss provision to net charge-offs 181.82%
Efficiency ratio46.83%
Assets per employee$63,851
Cash dividends to net income (YTD only)3.91%
Condition Ratios (%)
Loss allowance to loans 59.84%
Loss allowance to noncurrent loans 1.12%
Noncurrent assets plus other real estate owned to assets 54.03%
Noncurrent loans to loans 2.87%
Net loans and leases to deposits2.07%
Net loans and leases to core deposits 76.82%
Equity capital to assets 83.28%
Core capital (leverage) ratio 18.33%
Tier 1 risk-based capital ratio 16.32%
Total risk-based capital ratio 23.20%
Memoranda
Average assets$24
Average earning assets$227,780
Average equity $32,128
Average loans $200,087
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4 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
06370American State Bank102 W Front, Arp, TX 75750August 01, 1911Full Service Brick and Mortar
1221629Chapel Hill Branch12300 State Highway 64 East, Tyler, TX 75707August 08, 1988Full Service Brick and Mortar
2221630South Fleishel Branch734 South Fleishel, Tyler, TX 75701November 09, 1998Full Service Brick and Mortar
4492555South Tyler Branch5202 Old Jacksonville Highway, Tyler, TX 75703March 02, 2009Full Service Brick and Mortar
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