FDIC Certificate #: 25222 Status: Inactive Closing history: Corrections Acquiring institution:U.S. Bank National Association (#6548) Federal Reserve ID: 353069 Date Established: June 18, 1984 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) FDIC's unique #: 17440 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: June 18, 1984 Last Structure Change Effective Date: October 30, 2009 Last Structure Change Process Date: November 03, 2009 Last Data Update: November 03, 2009 Data Source Date: April 05, 2012
Location
Address: 420 Main Street, Teague, TX 75860 County: Freestone Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Chicago FDIC Field Office: Dallas Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $118.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
19Total employees (full-time equivalent)
$112,640Total assets
$1,364Cash and due from depository institutions
$33Interest-bearing balances
$2,726Securities
$9,175Federal funds sold & reverse repurchase agreements
$93,673Net loans & leases
$1,127Loan loss allowance
$0Trading account assets
$663Bank premises and fixed assets
$446Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,593All other assets
$112,640Total liabilities and capital
$103,733Total liabilities
$88,311Total deposits
$78,828Interest-bearing deposits
$88,311Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$15,000Other borrowed funds
$0Subordinated debt
$422All other liabilities
$8,907Total equity capital
$8,907Total bank equity capital
$8,907Perpetual preferred stock
$0Common stock
$750Surplus
$2,150Undivided profits
Memoranda
$6,007Noncurrent loans and leases
$740Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$753Earning assets
$0Long-term assets (5+ years)
$666Average Assets, year-to-date
$105,607Average Assets, quarterly
$44,300Volatile liabilities
$103,306Insider loans
$111,050FHLB advances
$55,336Loans and leases held for sale
$89Unused loan commitments
$15,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$740Total unused commitments
$0Restructured Loans and leases
$1,127Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$7,443Total interest income
$2,347Total interest expense
$5,096Net interest income
$634Provision for loan and lease losses
$468Total noninterest income
$0Fiduciary activities
$178Service charges on deposit accounts
$182Trading account gains & fees
$108Additional noninterest income
$2,021Total noninterest expense
$984Salaries and employee benefits
$215Premises and equipment expense
$822Additional noninterest expense
$2,909Pre-tax net operating income
-$6,186Securities gains (losses)
-$1,148Applicable income taxes
-$2,129Income before extraordinary items
$0Extraordinary gains - net
-$2,129Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$156Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.69%Yield on earning assets
2.42%Cost of funding earning assets
5.27%Net interest margin
0.48%Noninterest income to earning assets
2.09%Noninterest expense to earning assets
1.83%Net operating income to assets
-2.06%Return on assets (ROA)
-3.17%Pretax return on assets
-21.70%Return on equity (ROE)
-21.70%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
406.41%Credit loss provision to net charge-offs
22.71%Efficiency ratio
36,323Assets per employee
5.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.19%Loss allowance to noncurrent loans
149.67%Noncurrent assets plus other real estate owned to assets
1.34%Noncurrent loans to loans
0.79%Net loans and leases to deposits
106.07%Net loans and leases to core deposits
195.25%Equity capital to assets
7.91%Core capital (leverage) ratio
8.32%Tier 1 risk-based capital ratio
9.37%Total risk-based capital ratio
Memoranda
$11Average assets
$103,306Average earning assets
$9,811Average equity
$96,789Average loans
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