Community National Bank in Midland, Texas (TX)
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| Community National Bank | |
|---|---|
| General | FDIC Certificate #: 24897 Status: Active Federal Reserve ID: 293053 Bank Holding Company (Regulatory Top Holder): Midland Bancshares, Inc. (RSSDID: 2868950, Location: Midland, TX) Date Established: January 03, 1984 WWW: http://www.cnbtx.net Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 11 (Domestic: 11, Interstate: No) FDIC's unique #: 17260 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 03, 1984 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: 401 W. Texas Avenue, Midland, TX 79701 County: Midland Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Lubbock Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Odessa-Midland, TX (#5800) Combined Statistical Area (CSA): Midland-Odessa, TX (#372) Core Based Statistical Area (CBSA): Midland, TX (#33260) CBSA Metro Statistical Area: Midland, TX (#33260) |
| History of Changes | Change in Geographic Region/Area/Territory/Field Office Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $808.7 mil Equity capital: $67.3 mil Deposits held in domestic offices: $739.3 mil Return on assets (ROA): 0.97% ($7.8 mil) Quarterly return on assets: 0.97% ($7.8 mil) Return on Equity (ROE): 10.63% ($7.1 mil) Quarterly return on equity: 11.29% ($7.6 mil) Net income: $6.9 mil Quarterly Net income: $1.9 mil Pretax return on assets: 1.47% ($11,888.5 mil) Quarterly Pretax return on assets: 1.47% ($11,888.5 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 186 |
| Total assets | $808,740 |
| Cash and due from depository institutions | $185,522 |
| Interest-bearing balances | $165,762 |
| Securities | $171,467 |
| Federal funds sold & reverse repurchase agreements | $10,000 |
| Net loans & leases | $412,493 |
| Loan loss allowance | $5,860 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $7,660 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $15,251 |
| All other assets | $6,347 |
| Life insurance assets | $808,740 |
| Total liabilities and capital | $741,429 |
| Total liabilities | $739,274 |
| Total deposits | $377,259 |
| Interest-bearing deposits | $739,274 |
| Deposits held in domestic offices | $79 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $2,155 |
| All other liabilities | $67,311 |
| Total equity capital | $67,311 |
| Total bank equity capital | $67,311 |
| Perpetual preferred stock | $0 |
| Common stock | $1,750 |
| Surplus | $35,375 |
| Undivided profits | $30,186 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $4,181 |
| Income earned, not collected on loans | $367 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $2,725 |
| Average Assets, year-to-date | $759,722 |
| Average Assets, quarterly | $34,325 |
| Volatile liabilities | $706,813 |
| Insider loans | $775,179 |
| FHLB advances | $523,249 |
| Loans and leases held for sale | $741,745 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $53,368 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $141,557 |
| Derivatives | $16,881 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $25,829 |
| Total interest expense | $852 |
| Net interest income | $24,977 |
| Provision for loan and lease losses | $923 |
| Total noninterest income | $3,719 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $1,158 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $2,561 |
| Total noninterest expense | $17,416 |
| Salaries and employee benefits | $9,377 |
| Premises and equipment expense | $2,549 |
| Additional noninterest expense | $5,490 |
| Pre-tax net operating income | $10,357 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $3,492 |
| Income before extraordinary items | $6,865 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $6,865 |
| Net charge-offs | $0 |
| Cash dividends | $6,865 |
| Sale, conversion, retirement of capital stock, net | $570 |
| Net operating income | $1,470 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 3.91% |
| Cost of funding earning assets | 0.13% |
| Net interest margin | 3.78% |
| Noninterest income to earning assets | 0.56% |
| Noninterest expense to earning assets | 2.64% |
| Net operating income to assets | 0.97% |
| Return on assets (ROA) | 0.97% |
| Pretax return on assets | 1.47% |
| Return on equity (ROE) | 10.63% |
| Retained earnings to average equity (YTD only) | 8.36% |
| Net charge-offs to loans | 0.15% |
| Credit loss provision to net charge-offs | 161.93% |
| Efficiency ratio | 19.79% |
| Assets per employee | $60,319 |
| Cash dividends to net income (YTD only) | 4.35% |
| Condition Ratios (%) | |
| Loss allowance to loans | 21.41% |
| Loss allowance to noncurrent loans | 1.40% |
| Noncurrent assets plus other real estate owned to assets | 1596.73% |
| Noncurrent loans to loans | 0.05% |
| Net loans and leases to deposits | 0.09% |
| Net loans and leases to core deposits | 55.80% |
| Equity capital to assets | 57.65% |
| Core capital (leverage) ratio | 8.32% |
| Tier 1 risk-based capital ratio | 7.19% |
| Total risk-based capital ratio | 10.20% |
| Memoranda | |
| Average assets | $11 |
| Average earning assets | $706,813 |
| Average equity | $64,552 |
| Average loans | $660,149 |
| 11 Texas Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 17260 | Community National Bank | 401 W. Texas Avenue, Midland, TX 79701 | January 03, 1984 | Full Service Brick and Mortar |  |
| 1 | 257711 | San Miguel Branch | 3303 North Midkiff Street, Midland, TX 79707 | September 09, 1991 | Full Service Brick and Mortar |  |
| 2 | 257712 | Midland Drive Branch | 1609 Midland Drive, Midland, TX 79703 | July 07, 1997 | Full Service Brick and Mortar | |
| 4 | 360959 | Northwest Branch | 4300 N. Midland Dr., Midland, TX 79705 | November 17, 2000 | Full Service Brick and Mortar | |
| 5 | 16702 | Florida Street Branch | 601 E. Florida Street, Midland, TX 79701 | July 26, 1982 | Full Service Brick and Mortar | |
| 6 | 256819 | Avenue A Branch | 719 West Louisiana, Midland, TX 79701 | November 16, 1992 | Full Service Brick and Mortar | |
| 7 | 256821 | Cuthbert Branch | 3005 Cuthbert Avenue, Midland, TX 79701 | December 19, 1994 | Full Service Brick and Mortar | |
| 8 | 32123 | 1211 North Lamessa Branch | 1211 North Lamessa, Stanton, TX 79782 | Febuary 04, 1985 | Full Service Brick and Mortar | |
| 11 | 445515 | Odessa Branch | 619 N Grand Avenue, Suite 100, Odessa, TX 79761 | October 12, 2005 | Full Service Brick and Mortar | |
| 12 | 464049 | Plaza Oaks Branch | 2101 West Wadley, Suite 21, Midland, TX 79705 | May 11, 2007 | Full Service Brick and Mortar | |
| 13 | 492758 | Odessa East Branch | 2659 Jbs Parkway, Odessa, TX 79762 | November 20, 2008 | Full Service Brick and Mortar | |
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