Community National Bank in Midland, Texas (TX)

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Community National Bank
GeneralFDIC 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
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
LocationAddress: 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 ChangesChange in Geographic Region/Area/Territory/Field Office
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)

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)186
Total assets$808,740
Cash and due from depository institutions$185,522
Interest-bearing balances$165,762
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
Undivided profits $30,186
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
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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
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.91%
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 ratio19.79%
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 deposits0.09%
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%
Average assets$11
Average earning assets$706,813
Average equity $64,552
Average loans $660,149
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11 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
017260Community National Bank401 W. Texas Avenue, Midland, TX 79701January 03, 1984Full Service Brick and Mortar
1257711San Miguel Branch3303 North Midkiff Street, Midland, TX 79707September 09, 1991Full Service Brick and Mortar
2257712Midland Drive Branch1609 Midland Drive, Midland, TX 79703July 07, 1997Full Service Brick and Mortar
4360959Northwest Branch4300 N. Midland Dr., Midland, TX 79705November 17, 2000Full Service Brick and Mortar
516702Florida Street Branch601 E. Florida Street, Midland, TX 79701July 26, 1982Full Service Brick and Mortar
6256819Avenue A Branch719 West Louisiana, Midland, TX 79701November 16, 1992Full Service Brick and Mortar
7256821Cuthbert Branch3005 Cuthbert Avenue, Midland, TX 79701December 19, 1994Full Service Brick and Mortar
8321231211 North Lamessa Branch1211 North Lamessa, Stanton, TX 79782Febuary 04, 1985Full Service Brick and Mortar
11445515Odessa Branch619 N Grand Avenue, Suite 100, Odessa, TX 79761October 12, 2005Full Service Brick and Mortar
12464049Plaza Oaks Branch2101 West Wadley, Suite 21, Midland, TX 79705May 11, 2007Full Service Brick and Mortar
13492758Odessa East Branch2659 Jbs Parkway, Odessa, TX 79762November 20, 2008Full Service Brick and Mortar
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