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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