Austin Bank, Big Sandy, Texas in Big Sandy, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 12, 1999

Austin Bank, Big Sandy, Texas in Big Sandy, Texas (TX)
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Austin Bank, Big Sandy, Texas - Overview

General
FDIC Certificate #: 17270
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Austin Bank, Texas National Association (#3276)
Federal Reserve ID: 95958
Date Established: October 06, 1947
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 11292
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: November 05, 1953
Last Structure Change Effective Date: April 12, 1999
Last Structure Change Process Date: April 22, 1999
Last Data Update: April 22, 1999
Data Source Date: April 05, 2012
Location
Address: Highway 80, Big Sandy, TX 75755
County: Upshur
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): Longview-Marshall, TX (#4420)
Combined Statistical Area (CSA): Longview-Marshall, TX (#346)
Core Based Statistical Area (CBSA): Longview, TX (#30980)
CBSA Metro Statistical Area: Longview, TX (#30980)
Financial Summary
Total assets: $23.3 mil

1992 - 1999 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, 1998)

Dollar figures in thousands
12Total employees (full-time equivalent)
$22,922Total assets
$1,721Cash and due from depository institutions
$0Interest-bearing balances
$10,581Securities
$350Federal funds sold & reverse repurchase agreements
$9,530Net loans & leases
$268Loan loss allowance
$0Trading account assets
$320Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$420All other assets
$22,922Total liabilities and capital
$19,071Total liabilities
$18,913Total deposits
$14,826Interest-bearing deposits
$18,913Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$158All other liabilities
$3,851Total equity capital
$3,851Total bank equity capital
$3,851Perpetual preferred stock
$0Common stock
$400Surplus
$1,000Undivided profits
Memoranda
$2,451Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$70Earning assets
$0Long-term assets (5+ years)
$84Average Assets, year-to-date
$20,461Average Assets, quarterly
$1,910Volatile liabilities
$22,048Insider loans
$22,580FHLB advances
$2,909Loans and leases held for sale
$69Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$625Total unused commitments
$0Restructured Loans and leases
$12,932Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$1,739Total interest income
$572Total interest expense
$1,167Net interest income
$13Provision for loan and lease losses
$371Total noninterest income
$0Fiduciary activities
$318Service charges on deposit accounts
$0Trading account gains & fees
$53Additional noninterest income
$1,027Total noninterest expense
$611Salaries and employee benefits
$94Premises and equipment expense
$322Additional noninterest expense
$498Pre-tax net operating income
$6Securities gains (losses)
$158Applicable income taxes
$346Income before extraordinary items
$0Extraordinary gains - net
$346Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$13Sale, conversion, retirement of capital stock, net
$197Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.62%Yield on earning assets
2.84%Cost of funding earning assets
5.79%Net interest margin
1.84%Noninterest income to earning assets
5.09%Noninterest expense to earning assets
1.55%Net operating income to assets
1.57%Return on assets (ROA)
2.29%Pretax return on assets
9.21%Return on equity (ROE)
3.97%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
100.00%Credit loss provision to net charge-offs
39.31%Efficiency ratio
66,775Assets per employee
1.91%Cash dividends to net income (YTD only)
Condition Ratios (%)
56.94%Loss allowance to loans
2.74%Loss allowance to noncurrent loans
382.86%Noncurrent assets plus other real estate owned to assets
0.31%Noncurrent loans to loans
0.71%Net loans and leases to deposits
50.39%Net loans and leases to core deposits
59.55%Equity capital to assets
16.80%Core capital (leverage) ratio
16.75%Tier 1 risk-based capital ratio
28.95%Total risk-based capital ratio
Memoranda
$30Average assets
$22,048Average earning assets
$3,756Average equity
$20,172Average loans

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