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

Charter Bank - Overview

  • General
  • FDIC Certificate #: 18660
    Status: Active
    Federal Reserve ID: 814458
    Bank Holding Company (Regulatory Top Holder): Charter Bancshares, Inc. (RSSDID: 2963556, Location: Corpus Christi, TX)
    Date Established: December 14, 1962
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 14661
    FDIC's unique #: 12539
    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: December 14, 1962
    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: 10502 Leopard Street, Corpus Christi, TX 78410
    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)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $207.6 mil
    Equity capital: $17.6 mil
    Deposits held in domestic offices: $187.3 mil
    Return on assets (ROA): 2.87% ($6.0 mil)
    Quarterly return on assets: 3.44% ($7.2 mil)
    Return on Equity (ROE): 33.90% ($6.1 mil)
    Quarterly return on equity: 41.34% ($7.4 mil)
    Net income: $5.5 mil
    Quarterly Net income: $1.8 mil
    Pretax return on assets: 2.87% ($5,959.2 mil)
    Quarterly Pretax return on assets: 3.44% ($7,142.7 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
  • 52Total employees (full-time equivalent)
  • $207,637Total assets
  • $9,698Cash and due from depository institutions
  • $2,609Interest-bearing balances
  • $79,259Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $112,540Net loans & leases
  • $1,800Loan loss allowance
  • $0Trading account assets
  • $4,483Bank premises and fixed assets
  • $228Other real estate owned
  • $0Goodwill and other intangibles
  • $207,637Life insurance assets
  • $1,429All other assets
  • $190,087Total liabilities and capital
  • $187,322Total liabilities
  • $106,120Total deposits
  • $187,322Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $42Trading liabilities
  • $0Other borrowed funds
  • $2,723Subordinated debt
  • $17,550All other liabilities
  • $17,550Total equity capital
  • $17,550Total bank equity capital
  • $0Perpetual preferred stock
  • $1,232Common stock
  • $10,598Surplus
  • $5,720Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $896Income earned, not collected on loans
  • $0Earning assets
  • $634Long-term assets (5+ years)
  • $194,408Average Assets, year-to-date
  • $47,866Average Assets, quarterly
  • $190,327Volatile liabilities
  • $204,099Insider loans
  • $123,623FHLB advances
  • $206,797Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,611Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $23,736Restructured Loans and leases
  • $5,222Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,273Total interest income
  • $575Total interest expense
  • $11,698Net interest income
  • $395Provision for loan and lease losses
  • $1,461Total noninterest income
  • $0Fiduciary activities
  • $951Service charges on deposit accounts
  • $0Trading account gains & fees
  • $510Additional noninterest income
  • $7,310Total noninterest expense
  • $4,936Salaries and employee benefits
  • $633Premises and equipment expense
  • $1,741Additional noninterest expense
  • $5,454Pre-tax net operating income
  • $5Securities gains (losses)
  • $0Applicable income taxes
  • $5,459Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,459Net income attributable to bank
  • $0Net charge-offs
  • $5,459Cash dividends
  • $432Sale, conversion, retirement of capital stock, net
  • $5,375Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.90%Yield on earning assets
  • 0.32%Cost of funding earning assets
  • 6.57%Net interest margin
  • 0.82%Noninterest income to earning assets
  • 4.11%Noninterest expense to earning assets
  • 2.87%Net operating income to assets
  • 2.87%Return on assets (ROA)
  • 2.87%Pretax return on assets
  • 33.90%Return on equity (ROE)
  • 0.52%Retained earnings to average equity (YTD only)
  • 0.39%Net charge-offs to loans
  • 91.44%Credit loss provision to net charge-offs
  • 13.54%Efficiency ratio
  • 54,981Assets per employee
  • 3.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 98.46%Loss allowance to loans
  • 1.57%Loss allowance to noncurrent loans
  • 200.89%Noncurrent assets plus other real estate owned to assets
  • 0.54%Noncurrent loans to loans
  • 0.78%Net loans and leases to deposits
  • 60.08%Net loans and leases to core deposits
  • 66.22%Equity capital to assets
  • 8.45%Core capital (leverage) ratio
  • 6.58%Tier 1 risk-based capital ratio
  • 11.01%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $190,327Average earning assets
  • $16,104Average equity
  • $177,954Average loans

List of branches

  • 4 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012539Charter Bank10502 Leopard Street, Corpus Christi, TX 78410December 14, 1962Full Service Brick and Mortar
    2246000Navigation Branch801 West Navigation, Corpus Christi, TX 78402July 19, 1999Full Service Brick and Mortar
    3361951CharterbankHighway 35 North And Orleans Street, Rockport, TX 78382September 04, 2001Full Service Brick and Mortar
    4466531Charter Alliance Bank Branch3701 Saratoga Boulevard, Corpus Christi, TX 78415Febuary 17, 2009Full Service Brick and Mortar

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