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

This bank is inactive as of March 15, 1999

  • Austin Bank, Rusk, Texas in Rusk, Texas (TX)
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Austin Bank, Rusk, Texas - Overview

  • General
  • FDIC Certificate #: 1214
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Austin Bank, Texas National Association (#3276)
    Federal Reserve ID: 667962
    Date Established: January 01, 1907
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 832
    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: January 01, 1934
    Last Structure Change Effective Date: March 15, 1999
    Last Structure Change Process Date: March 23, 1999
    Last Data Update: March 23, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 401 North Main Street, Rusk, TX 75785
    County: Cherokee
    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
    Combined Statistical Area (CSA): Tyler-Jacksonville, TX (#540)
    Core Based Statistical Area (CBSA): Jacksonville, TX (#27380)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $58.6 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
  • 20Total employees (full-time equivalent)
  • $58,627Total assets
  • $3,508Cash and due from depository institutions
  • $0Interest-bearing balances
  • $16,925Securities
  • $1,900Federal funds sold & reverse repurchase agreements
  • $33,575Net loans & leases
  • $594Loan loss allowance
  • $0Trading account assets
  • $131Bank premises and fixed assets
  • $99Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,489All other assets
  • $58,627Total liabilities and capital
  • $51,952Total liabilities
  • $51,788Total deposits
  • $41,831Interest-bearing deposits
  • $51,788Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $164All other liabilities
  • $6,675Total equity capital
  • $6,675Total bank equity capital
  • $6,675Perpetual preferred stock
  • $0Common stock
  • $400Surplus
  • $3,600Undivided profits
  • Memoranda
  • $2,675Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,021Earning assets
  • $150Long-term assets (5+ years)
  • $368Average Assets, year-to-date
  • $52,400Average Assets, quarterly
  • $14,201Volatile liabilities
  • $57,269Insider loans
  • $57,256FHLB advances
  • $13,888Loans and leases held for sale
  • $144Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,422Total unused commitments
  • $0Restructured Loans and leases
  • $38,707Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $4,834Total interest income
  • $1,875Total interest expense
  • $2,959Net interest income
  • $1,165Provision for loan and lease losses
  • $643Total noninterest income
  • $0Fiduciary activities
  • $528Service charges on deposit accounts
  • $0Trading account gains & fees
  • $115Additional noninterest income
  • $1,904Total noninterest expense
  • $1,165Salaries and employee benefits
  • $107Premises and equipment expense
  • $632Additional noninterest expense
  • $533Pre-tax net operating income
  • $0Securities gains (losses)
  • $183Applicable income taxes
  • $350Income before extraordinary items
  • $0Extraordinary gains - net
  • $350Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,138Sale, conversion, retirement of capital stock, net
  • $356Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.11%Yield on earning assets
  • 3.53%Cost of funding earning assets
  • 5.58%Net interest margin
  • 1.21%Noninterest income to earning assets
  • 3.59%Noninterest expense to earning assets
  • 0.61%Net operating income to assets
  • 0.61%Return on assets (ROA)
  • 0.93%Pretax return on assets
  • 5.18%Return on equity (ROE)
  • -0.09%Retained earnings to average equity (YTD only)
  • 3.50%Net charge-offs to loans
  • 102.37%Credit loss provision to net charge-offs
  • 1.49%Efficiency ratio
  • 52,860Assets per employee
  • 2.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 101.71%Loss allowance to loans
  • 1.74%Loss allowance to noncurrent loans
  • 29.39%Noncurrent assets plus other real estate owned to assets
  • 3.62%Noncurrent loans to loans
  • 5.91%Net loans and leases to deposits
  • 64.83%Net loans and leases to core deposits
  • 88.59%Equity capital to assets
  • 11.39%Core capital (leverage) ratio
  • 11.41%Tier 1 risk-based capital ratio
  • 16.90%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $57,269Average earning assets
  • $6,761Average equity
  • $53,072Average loans

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