FDIC Certificate #: 24736 Status: Inactive Closing history: Change in Location Acquiring institution:Sabine State Bank and Trust Company (#8141) Federal Reserve ID: 789257 Date Established: October 17, 1983 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) OTS Docket #: 9650 FDIC's unique #: 17168 Numeric code: 13 Regulator: FED 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: October 17, 1983 Last Structure Change Effective Date: June 17, 2002 Last Structure Change Process Date: August 12, 2002 Last Data Update: August 12, 2002 Data Source Date: April 05, 2012
Location
Address: Oak And Main Streets, Hemphill, TX 75948 County: Sabine 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
History of Changes
Merger - Without Assistance
Change in Location
Financial Summary
Total assets: $152.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
32Total employees (full-time equivalent)
$156,141Total assets
$8,404Cash and due from depository institutions
$979Interest-bearing balances
$17,044Securities
$17,275Federal funds sold & reverse repurchase agreements
$79,461Net loans & leases
$991Loan loss allowance
$0Trading account assets
$717Bank premises and fixed assets
$0Other real estate owned
$30,753Goodwill and other intangibles
$0Life insurance assets
$2,487All other assets
$156,141Total liabilities and capital
$116,759Total liabilities
$115,111Total deposits
$80,139Interest-bearing deposits
$115,111Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,648All other liabilities
$39,382Total equity capital
$39,382Total bank equity capital
$39,382Perpetual preferred stock
$0Common stock
$1,978Surplus
$2,822Undivided profits
Memoranda
$34,582Noncurrent loans and leases
$13,549Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$160Earning assets
$0Long-term assets (5+ years)
$691Average Assets, year-to-date
$114,759Average Assets, quarterly
$15,849Volatile liabilities
$124,531Insider loans
$137,275FHLB advances
$25,640Loans and leases held for sale
$574Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$13,549Total unused commitments
$11Restructured Loans and leases
$991Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$297Total interest income
$82Total interest expense
$215Net interest income
$134Provision for loan and lease losses
$41Total noninterest income
$0Fiduciary activities
$32Service charges on deposit accounts
$0Trading account gains & fees
$9Additional noninterest income
$1,087Total noninterest expense
$74Salaries and employee benefits
$19Premises and equipment expense
$994Additional noninterest expense
-$965Pre-tax net operating income
$0Securities gains (losses)
-$338Applicable income taxes
-$627Income before extraordinary items
$0Extraordinary gains - net
-$627Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$70Sale, conversion, retirement of capital stock, net
$7,124Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.27%Yield on earning assets
0.07%Cost of funding earning assets
0.20%Net interest margin
0.04%Noninterest income to earning assets
0.99%Noninterest expense to earning assets
-0.50%Net operating income to assets
-0.50%Return on assets (ROA)
-0.77%Pretax return on assets
-4.66%Return on equity (ROE)
-57.58%Retained earnings to average equity (YTD only)
0.09%Net charge-offs to loans
191.43%Credit loss provision to net charge-offs
-11.87%Efficiency ratio
424,609Assets per employee
4.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
-1136.20%Loss allowance to loans
1.23%Loss allowance to noncurrent loans
619.38%Noncurrent assets plus other real estate owned to assets
0.10%Noncurrent loans to loans
0.20%Net loans and leases to deposits
69.03%Net loans and leases to core deposits
88.81%Equity capital to assets
25.22%Core capital (leverage) ratio
8.31%Tier 1 risk-based capital ratio
13.17%Total risk-based capital ratio
Memoranda
$14Average assets
$124,531Average earning assets
$13,462Average equity
$110,224Average loans
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