Citizens State Bank of Corpus Christi in Corpus Christi, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 07, 1997

  • Citizens State Bank of Corpus Christi in Corpus Christi, Texas (TX)
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Citizens State Bank of Corpus Christi - Overview

  • General
  • FDIC Certificate #: 16295
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Frost National Bank (#5510)
    Federal Reserve ID: 955557
    Date Established: July 31, 1945
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    OTS Docket #: 11566
    FDIC's unique #: 10483
    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: July 31, 1945
    Last Structure Change Effective Date: March 07, 1997
    Last Structure Change Process Date: March 13, 1997
    Last Data Update: March 15, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 2402 Leopard Street, Corpus Christi, TX 78408
    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: $218.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $123Total assets
  • $218,800Cash and due from depository institutions
  • $12,057Interest-bearing balances
  • $726Securities
  • $68,830Federal funds sold & reverse repurchase agreements
  • $21,200Net loans & leases
  • $107,812Loan loss allowance
  • $2,061Trading account assets
  • $0Bank premises and fixed assets
  • $4,406Other real estate owned
  • $290Goodwill and other intangibles
  • $2,526Life insurance assets
  • $1,679All other assets
  • $0Total liabilities and capital
  • $218,800Total liabilities
  • $201,488Total deposits
  • $191,899Interest-bearing deposits
  • $140,466Deposits held in domestic offices
  • 191899.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $3,398Trading liabilities
  • $0Other borrowed funds
  • $4,878Subordinated debt
  • $0All other liabilities
  • $1,313Total equity capital
  • $1,313Total bank equity capital
  • $17,312Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $5,000Undivided profits
  • Memoranda
  • $10,312Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,731Income earned, not collected on loans
  • $717Earning assets
  • $198,568Long-term assets (5+ years)
  • $28,700Average Assets, year-to-date
  • $220,038Average Assets, quarterly
  • $229,419Volatile liabilities
  • $25,473Insider loans
  • $1,933FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $13,984Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $15,854Total risk weighted assets
  • $128,145Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $14,976Total interest expense
  • $5,780Net interest income
  • $9,196Provision for loan and lease losses
  • $200Total noninterest income
  • $3,200Fiduciary activities
  • $1,121Service charges on deposit accounts
  • $1,156Trading account gains & fees
  • $0Additional noninterest income
  • $923Total noninterest expense
  • $8,461Salaries and employee benefits
  • $4,310Premises and equipment expense
  • $1,626Additional noninterest expense
  • $2,525Pre-tax net operating income
  • $3,735Securities gains (losses)
  • $0Applicable income taxes
  • $1,079Income before extraordinary items
  • $2,656Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,656Net charge-offs
  • $682Cash dividends
  • $1,105Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.61%Cost of funding earning assets
  • 2.94%Net interest margin
  • 4.67%Noninterest income to earning assets
  • 1.63%Noninterest expense to earning assets
  • 4.30%Net operating income to assets
  • 1.21%Return on assets (ROA)
  • 1.21%Pretax return on assets
  • 1.70%Return on equity (ROE)
  • 16.03%Retained earnings to average equity (YTD only)
  • 9.36%Net charge-offs to loans
  • 0.63%Credit loss provision to net charge-offs
  • 29.33%Efficiency ratio
  • 67,272Assets per employee
  • 1.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.60%Loss allowance to loans
  • 1.88%Loss allowance to noncurrent loans
  • 75.47%Noncurrent assets plus other real estate owned to assets
  • 1.38%Noncurrent loans to loans
  • 2.49%Net loans and leases to deposits
  • 56.18%Net loans and leases to core deposits
  • 61.71%Equity capital to assets
  • 7.91%Core capital (leverage) ratio
  • 7.32%Tier 1 risk-based capital ratio
  • 12.37%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $220,038Average earning assets
  • $16,570Average equity
  • $196,883Average loans

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