Commercial State Bank in Palmer, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

Commercial State Bank - Overview

  • General
  • FDIC Certificate #: 10330
    Status: Active
    Federal Reserve ID: 1017564
    Bank Holding Company (Regulatory Top Holder): Palmer Bancshares, Inc. (RSSDID: 2251132, Location: Palmer, TX)
    Date Established: March 01, 1930
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 6617
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: Interstate Hwy 45 And Jefferson St., Palmer, TX 75152
    County: Ellis
    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): Dallas, TX (#1920)
    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: Dallas-Plano-Irving, TX (#19124)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $61.6 mil
    Equity capital: $5.7 mil
    Deposits held in domestic offices: $54.8 mil
    Return on assets (ROA): 1.59% ($1.0 mil)
    Quarterly return on assets: 0.40% ($0.2 mil)
    Return on Equity (ROE): 18.16% ($1.1 mil)
    Quarterly return on equity: 4.28% ($0.3 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.59% ($979.4 mil)
    Quarterly Pretax return on assets: 0.40% ($246.4 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
  • 18Total employees (full-time equivalent)
  • $61,598Total assets
  • $1,832Cash and due from depository institutions
  • $0Interest-bearing balances
  • $27,188Securities
  • $1,020Federal funds sold & reverse repurchase agreements
  • $27,657Net loans & leases
  • $336Loan loss allowance
  • $0Trading account assets
  • $1,596Bank premises and fixed assets
  • $296Other real estate owned
  • $0Goodwill and other intangibles
  • $61,598Life insurance assets
  • $2,009All other assets
  • $55,934Total liabilities and capital
  • $54,846Total liabilities
  • $42,837Total deposits
  • $54,846Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,088Subordinated debt
  • $5,664All other liabilities
  • $5,664Total equity capital
  • $5,664Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $1,400Surplus
  • $3,664Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $229Income earned, not collected on loans
  • $0Earning assets
  • $479Long-term assets (5+ years)
  • $55,865Average Assets, year-to-date
  • $36,125Average Assets, quarterly
  • $60,258Volatile liabilities
  • $61,718Insider loans
  • $32,842FHLB advances
  • $61,735Loans and leases held for sale
  • $1,145Unused loan commitments
  • $1,145Tier 1 (core) risk-based capital
  • $5,089Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,145Restructured Loans and leases
  • $1,412Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,751Total interest income
  • $261Total interest expense
  • $2,490Net interest income
  • $121Provision for loan and lease losses
  • $882Total noninterest income
  • $0Fiduciary activities
  • $616Service charges on deposit accounts
  • $0Trading account gains & fees
  • $266Additional noninterest income
  • $2,401Total noninterest expense
  • $1,184Salaries and employee benefits
  • $442Premises and equipment expense
  • $775Additional noninterest expense
  • $850Pre-tax net operating income
  • $108Securities gains (losses)
  • $0Applicable income taxes
  • $958Income before extraordinary items
  • $0Extraordinary gains - net
  • $958Net income attributable to bank
  • $0Net charge-offs
  • $958Cash dividends
  • $138Sale, conversion, retirement of capital stock, net
  • $515Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.03%Yield on earning assets
  • 0.48%Cost of funding earning assets
  • 4.56%Net interest margin
  • 1.61%Noninterest income to earning assets
  • 4.39%Noninterest expense to earning assets
  • 1.41%Net operating income to assets
  • 1.59%Return on assets (ROA)
  • 1.59%Pretax return on assets
  • 18.16%Return on equity (ROE)
  • 8.40%Retained earnings to average equity (YTD only)
  • 0.49%Net charge-offs to loans
  • 87.68%Credit loss provision to net charge-offs
  • 7.04%Efficiency ratio
  • 71,204Assets per employee
  • 3.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 53.76%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 146.72%Noncurrent assets plus other real estate owned to assets
  • 0.85%Noncurrent loans to loans
  • 0.82%Net loans and leases to deposits
  • 50.43%Net loans and leases to core deposits
  • 55.50%Equity capital to assets
  • 9.20%Core capital (leverage) ratio
  • 8.24%Tier 1 risk-based capital ratio
  • 15.50%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $60,258Average earning assets
  • $5,277Average equity
  • $54,647Average loans

List of branches

  • 3 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06617Commercial State BankInterstate Hwy 45 And Jefferson St., Palmer, TX 75152March 01, 1930Full Service Brick and Mortar
    1814Ferris Branch200 South I-45, Ferris, TX 75125January 23, 1906Full Service Brick and Mortar
    2470381Wilmer Branch421 East Beltline Rd., Wilmer, TX 75172November 19, 2007Full Service Brick and Mortar

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