Colonial Savings, F.A. in Fort Worth, Texas (TX)



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Colonial Savings, F.A.
GeneralFDIC Certificate #: 31361
Status: Active
Federal Reserve ID: 339072
Date Established: January 01, 1962
WWW: http://www.colonialsavings.com
Trust Powers Granted: Yes
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 8 (Domestic: 8, Interstate: No)
OTS Docket #: 6809
FDIC's unique #: 44195
Numeric code: 37
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: June 10, 1963
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 2626c West Freeway, Fort Worth, TX 76102
County: Tarrant
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
Metropolitan Statistical Area (MSA): Fort Worth-Arlington, TX (#2800)
Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31)
Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100)
CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100)
Core Based Statistical Division: Fort Worth-Arlington, TX (#23104)
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $921.1 mil
Equity capital: $145.7 mil
Deposits held in domestic offices: $580.8 mil
Return on assets (ROA): 3.14% ($28.9 mil)
Quarterly return on assets: 3.06% ($28.2 mil)
Return on Equity (ROE): 20.85% ($30.4 mil)
Quarterly return on equity: 19.32% ($28.2 mil)
Net income: $28.9 mil
Quarterly Net income: $7.1 mil
Pretax return on assets: 3.14% ($28,923.7 mil)
Quarterly Pretax return on assets: 3.06% ($28,186.8 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)
Total employees (full-time equivalent)659
Total assets$921,138
Cash and due from depository institutions$15,309
Interest-bearing balances$4,662
Securities$90,037
Federal funds sold & reverse repurchase agreements$6,720
Net loans & leases$627,338
Loan loss allowance $14,240
Trading account assets$0
Bank premises and fixed assets$7,641
Other real estate owned$3,793
Goodwill and other intangibles$106,456
All other assets$63,844
Life insurance assets$921,138
Total liabilities and capital$775,436
Total liabilities$580,752
Total deposits$397,516
Interest-bearing deposits$580,752
Deposits held in domestic offices$93
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$170,500
Other borrowed funds $0
Subordinated debt $24,184
All other liabilities $145,702
Total equity capital$145,702
Total bank equity capital$145,702
Perpetual preferred stock$0
Common stock$1,169
Surplus$17,781
Undivided profits $126,752
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $89,188
Earning assets $81,741
Long-term assets (5+ years) $6,703
Average Assets, year-to-date $728,757
Average Assets, quarterly $0
Volatile liabilities $919,205
Insider loans $929,969
FHLB advances $442,009
Loans and leases held for sale $913,505
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $140,740
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $353,165
Derivatives$27
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $61,648
Total interest expense $6,230
Net interest income $55,418
Provision for loan and lease losses $5,097
Total noninterest income $61,335
Fiduciary activities $0
Service charges on deposit accounts $107
Trading account gains & fees $12,646
Additional noninterest income $48,582
Total noninterest expense $82,776
Salaries and employee benefits $53,652
Premises and equipment expense $9,301
Additional noninterest expense $19,823
Pre-tax net operating income $28,880
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $28,880
Extraordinary gains - net $0
Net income attributable to bank $28,880
Net charge-offs $0
Cash dividends $28,880
Sale, conversion, retirement of capital stock, net $3,907
Net operating income $10,000
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.43%
Cost of funding earning assets 0.85%
Net interest margin 7.57%
Noninterest income to earning assets 8.38%
Noninterest expense to earning assets 11.31%
Net operating income to assets 3.14%
Return on assets (ROA) 3.14%
Pretax return on assets 3.14%
Return on equity (ROE) 20.85%
Retained earnings to average equity (YTD only) 13.63%
Net charge-offs to loans 0.66%
Credit loss provision to net charge-offs 130.46%
Efficiency ratio8.70%
Assets per employee$70,898
Cash dividends to net income (YTD only)1.40%
Condition Ratios (%)
Loss allowance to loans 34.63%
Loss allowance to noncurrent loans 2.22%
Noncurrent assets plus other real estate owned to assets 15.97%
Noncurrent loans to loans 9.84%
Net loans and leases to deposits13.90%
Net loans and leases to core deposits 108.02%
Equity capital to assets 108.77%
Core capital (leverage) ratio 15.82%
Tier 1 risk-based capital ratio 15.41%
Total risk-based capital ratio 31.84%
Memoranda
Average assets$32
Average earning assets$919,205
Average equity $138,489
Average loans $731,710
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8 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
044195Colonial Savings, F.A.2626c West Freeway, Fort Worth, TX 76102January 01, 1962Full Service Brick and Mortar
2284496Lewisville Branch217 South Stemmons, Lewisville, TX 75067January 01, 1962Full Service Brick and Mortar
100284498Garland Branch2006 North Garland Avenue, Garland, TX 75040January 01, 1962Full Service Brick and Mortar
101284499Hurst Branch1500 Norwood, Hurst, TX 76054January 01, 1962Full Service Brick and Mortar
102284500Hulen Branch4972 Overton Ridge Boulevard, Fort Worth, TX 76132January 01, 1962Full Service Brick and Mortar
106284503Arlington Branch1605 South Bowen Road, Arlington, TX 76013June 30, 1985Full Service Brick and Mortar
113175842600 West Freeway Branch2600 W Fwy, Fort Worth, TX 76102September 20, 1984Full Service Brick and Mortar
114464037Cleburne Branch110 N Main St, Cleburne, TX 76033December 11, 2000Full Service Brick and Mortar
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