Citizens State Bank in Gorman, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 31, 1995

  • Citizens State Bank in Gorman, Texas (TX)
  • Show street view No street view available for this location

Citizens State Bank - Overview

  • General
  • FDIC Certificate #: 26589
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Security State Bank (#22424)
    Federal Reserve ID: 265658
    Date Established: Febuary 27, 1986
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 35294
    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: Febuary 27, 1986
    Last Structure Change Effective Date: March 31, 1995
    Last Structure Change Process Date: April 17, 1995
    Last Data Update: May 08, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 115 South Fisher, Gorman, TX 76454
    County: Eastland
    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
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $15.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $12Total assets
  • $15,936Cash and due from depository institutions
  • $836Interest-bearing balances
  • $3Securities
  • $9,286Federal funds sold & reverse repurchase agreements
  • $800Net loans & leases
  • $4,379Loan loss allowance
  • $203Trading account assets
  • $0Bank premises and fixed assets
  • $228Other real estate owned
  • $149Goodwill and other intangibles
  • $250Life insurance assets
  • $8All other assets
  • $0Total liabilities and capital
  • $15,936Total liabilities
  • $14,454Total deposits
  • $14,371Interest-bearing deposits
  • $12,506Deposits held in domestic offices
  • 14371.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $83Total equity capital
  • $83Total bank equity capital
  • $1,482Perpetual preferred stock
  • $0Common stock
  • $350Surplus
  • $753Undivided profits
  • Memoranda
  • $379Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $198Income earned, not collected on loans
  • $59Earning assets
  • $14,468Long-term assets (5+ years)
  • $4,084Average Assets, year-to-date
  • $16,400Average Assets, quarterly
  • $15,831Volatile liabilities
  • $1,000Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $9Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,514Total risk weighted assets
  • $6,009Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,095Total interest expense
  • $397Net interest income
  • $698Provision for loan and lease losses
  • -$34Total noninterest income
  • $116Fiduciary activities
  • $0Service charges on deposit accounts
  • $67Trading account gains & fees
  • $0Additional noninterest income
  • $49Total noninterest expense
  • $729Salaries and employee benefits
  • $267Premises and equipment expense
  • $67Additional noninterest expense
  • $395Pre-tax net operating income
  • $119Securities gains (losses)
  • $0Applicable income taxes
  • $46Income before extraordinary items
  • $73Extraordinary gains - net
  • $0Net income attributable to bank
  • $73Net charge-offs
  • $71Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.27%Cost of funding earning assets
  • 2.64%Net interest margin
  • 4.64%Noninterest income to earning assets
  • 0.77%Noninterest expense to earning assets
  • 4.84%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.45%Pretax return on assets
  • 0.73%Return on equity (ROE)
  • 4.99%Retained earnings to average equity (YTD only)
  • 4.99%Net charge-offs to loans
  • 1.40%Credit loss provision to net charge-offs
  • -47.89%Efficiency ratio
  • 88,821Assets per employee
  • 1.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.43%Loss allowance to noncurrent loans
  • 102.53%Noncurrent assets plus other real estate owned to assets
  • 2.18%Noncurrent loans to loans
  • 4.32%Net loans and leases to deposits
  • 30.47%Net loans and leases to core deposits
  • 32.75%Equity capital to assets
  • 9.30%Core capital (leverage) ratio
  • 9.55%Tier 1 risk-based capital ratio
  • 25.20%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $16,400Average earning assets
  • $1,462Average equity
  • $15,054Average loans

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