FDIC Certificate #: 57130 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Southwest Bank (#18812) Federal Reserve ID: 3028087 Date Established: May 30, 2001 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 358267 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: May 30, 2001 Last Structure Change Effective Date: September 01, 2007 Last Structure Change Process Date: September 27, 2007 Last Data Update: September 27, 2007 Data Source Date: April 05, 2012
Location
Address: 1106 North Highway 360, Grand Prairie, TX 75050 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)
Financial Summary
Total assets: $69.5 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2006)
Dollar figures in thousands
9Total employees (full-time equivalent)
$53,537Total assets
$1,457Cash and due from depository institutions
$11Interest-bearing balances
$6,957Securities
$3,120Federal funds sold & reverse repurchase agreements
$40,844Net loans & leases
$496Loan loss allowance
$0Trading account assets
$268Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$891All other assets
$53,537Total liabilities and capital
$46,877Total liabilities
$46,603Total deposits
$41,657Interest-bearing deposits
$46,603Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$274All other liabilities
$6,660Total equity capital
$6,660Total bank equity capital
$6,660Perpetual preferred stock
$0Common stock
$3,581Surplus
$3,581Undivided profits
Memoranda
$-502Noncurrent loans and leases
$8,479Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$283Average Assets, year-to-date
$50,932Average Assets, quarterly
$5,677Volatile liabilities
$54,529Insider loans
$53,161FHLB advances
$17,740Loans and leases held for sale
$5,422Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,479Total unused commitments
$0Restructured Loans and leases
$496Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$3,985Total interest income
$1,759Total interest expense
$2,226Net interest income
$0Provision for loan and lease losses
$81Total noninterest income
$0Fiduciary activities
$45Service charges on deposit accounts
$0Trading account gains & fees
$36Additional noninterest income
$1,601Total noninterest expense
$867Salaries and employee benefits
$177Premises and equipment expense
$557Additional noninterest expense
$706Pre-tax net operating income
$0Securities gains (losses)
-$213Applicable income taxes
$919Income before extraordinary items
$0Extraordinary gains - net
$919Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$35Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.66%Yield on earning assets
3.38%Cost of funding earning assets
4.28%Net interest margin
0.16%Noninterest income to earning assets
3.08%Noninterest expense to earning assets
1.69%Net operating income to assets
1.69%Return on assets (ROA)
1.29%Pretax return on assets
15.26%Return on equity (ROE)
15.26%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
20.17%Efficiency ratio
69,397Assets per employee
5.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.20%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
87.64%Net loans and leases to core deposits
141.51%Equity capital to assets
12.44%Core capital (leverage) ratio
12.39%Tier 1 risk-based capital ratio
15.25%Total risk-based capital ratio
Memoranda
$16Average assets
$54,529Average earning assets
$6,022Average equity
$52,051Average loans
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