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

This bank is inactive as of June 01, 1993

Citizens State Bank of Frost in Frost, Texas (TX)
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Citizens State Bank of Frost - Overview

General
FDIC Certificate #: 11152
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First State Bank of North Texas (#10360)
Federal Reserve ID: 433653
Date Established: January 01, 1909
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 7118
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: January 01, 1934
Last Structure Change Effective Date: June 01, 1993
Last Structure Change Process Date: July 15, 1993
Last Data Update: July 15, 1993
Data Source Date: April 05, 2012
Location
Address: Main Street, Frost, TX 76641
County: Navarro
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
Core Based Statistical Area (CBSA): Corsicana, TX (#18620)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $11.7 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$5Total assets
$11,952Cash and due from depository institutions
$543Interest-bearing balances
$193Securities
$8,208Federal funds sold & reverse repurchase agreements
$175Net loans & leases
$2,906Loan loss allowance
$105Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$120Life insurance assets
$0All other assets
$0Total liabilities and capital
$11,952Total liabilities
$10,952Total deposits
$10,863Interest-bearing deposits
$9,124Deposits held in domestic offices
10863.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$89Total equity capital
$89Total bank equity capital
$1,000Perpetual preferred stock
$0Common stock
$100Surplus
$400Undivided profits
Memoranda
$500Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$49Income earned, not collected on loans
$49Earning assets
$11,482Long-term assets (5+ years)
$6,146Average Assets, year-to-date
$11,713Average Assets, quarterly
$11,842Volatile liabilities
$1,134Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$485Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,000Total risk weighted assets
$4,138Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$942Total interest expense
$388Net interest income
$554Provision for loan and lease losses
$10Total noninterest income
$77Fiduciary activities
$0Service charges on deposit accounts
$64Trading account gains & fees
$0Additional noninterest income
$13Total noninterest expense
$358Salaries and employee benefits
$195Premises and equipment expense
$31Additional noninterest expense
$132Pre-tax net operating income
$263Securities gains (losses)
$0Applicable income taxes
$89Income before extraordinary items
$174Extraordinary gains - net
$0Net income attributable to bank
$174Net charge-offs
-$7Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.34%Cost of funding earning assets
3.44%Net interest margin
4.91%Noninterest income to earning assets
0.68%Noninterest expense to earning assets
3.17%Net operating income to assets
1.49%Return on assets (ROA)
1.49%Pretax return on assets
2.25%Return on equity (ROE)
19.08%Retained earnings to average equity (YTD only)
19.08%Net charge-offs to loans
-0.22%Credit loss provision to net charge-offs
-142.86%Efficiency ratio
56,735Assets per employee
2.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.49%Loss allowance to noncurrent loans
214.29%Noncurrent assets plus other real estate owned to assets
0.41%Noncurrent loans to loans
1.63%Net loans and leases to deposits
26.75%Net loans and leases to core deposits
29.87%Equity capital to assets
8.37%Core capital (leverage) ratio
8.51%Tier 1 risk-based capital ratio
24.17%Total risk-based capital ratio
Memoranda
$25Average assets
$11,713Average earning assets
$912Average equity
$11,291Average loans

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