Charter Alliance Bank in Corpus Christi, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 01, 2011

  • Charter Alliance Bank in Corpus Christi, Texas (TX)
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Charter Alliance Bank - Overview

  • General
  • FDIC Certificate #: 58751
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Charter Bank (#18660)
    Federal Reserve ID: 3595785
    Date Established: Febuary 17, 2009
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 466531
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 17, 2009
    Last Structure Change Effective Date: Febuary 01, 2011
    Last Structure Change Process Date: Febuary 03, 2011
    Last Data Update: Febuary 03, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 3701 Saratoga Boulevard, Corpus Christi, TX 78415
    County: Nueces
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Houston
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Corpus Christi, TX (#1880)
    Combined Statistical Area (CSA): Corpus Christi-Kingsville, TX (#204)
    Core Based Statistical Area (CBSA): Corpus Christi, TX (#18580)
    CBSA Metro Statistical Area: Corpus Christi, TX (#18580)
  • Financial Summary
  • Total assets: $18.0 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, 2010)

  • Dollar figures in thousands
  • 7Total employees (full-time equivalent)
  • $17,996Total assets
  • $1,972Cash and due from depository institutions
  • $1,442Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $13,962Net loans & leases
  • $254Loan loss allowance
  • $0Trading account assets
  • $1,844Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $218All other assets
  • $17,996Total liabilities and capital
  • $13,084Total liabilities
  • $12,955Total deposits
  • $11,352Interest-bearing deposits
  • $12,955Deposits held in domestic offices
  • 92.63%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $129All other liabilities
  • $4,912Total equity capital
  • $4,912Total bank equity capital
  • $4,912Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $4,900Undivided profits
  • Memoranda
  • $-88Noncurrent loans and leases
  • $3,692Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $71Average Assets, year-to-date
  • $15,404Average Assets, quarterly
  • $1,082Volatile liabilities
  • $19,965Insider loans
  • $19,630FHLB advances
  • $7,712Loans and leases held for sale
  • $1,233Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,692Total unused commitments
  • $0Restructured Loans and leases
  • $193Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $1,220Total interest income
  • $248Total interest expense
  • $972Net interest income
  • $101Provision for loan and lease losses
  • $77Total noninterest income
  • $0Fiduciary activities
  • $44Service charges on deposit accounts
  • $0Trading account gains & fees
  • $33Additional noninterest income
  • $799Total noninterest expense
  • $357Salaries and employee benefits
  • $178Premises and equipment expense
  • $264Additional noninterest expense
  • $149Pre-tax net operating income
  • $0Securities gains (losses)
  • $54Applicable income taxes
  • $95Income before extraordinary items
  • $0Extraordinary gains - net
  • $95Net income attributable to bank
  • $0Net charge-offs
  • $95Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.03%Yield on earning assets
  • 1.43%Cost of funding earning assets
  • 5.60%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 4.61%Noninterest expense to earning assets
  • 0.48%Net operating income to assets
  • 0.48%Return on assets (ROA)
  • 0.75%Pretax return on assets
  • 1.96%Return on equity (ROE)
  • 1.96%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 76,168Assets per employee
  • 2.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.79%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 107.77%Net loans and leases to core deposits
  • 266.30%Equity capital to assets
  • 27.29%Core capital (leverage) ratio
  • 24.21%Tier 1 risk-based capital ratio
  • 31.25%Total risk-based capital ratio
  • Memoranda
  • $32Average assets
  • $19,965Average earning assets
  • $4,850Average equity
  • $17,347Average loans

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