FDIC Certificate #: 34419 Status: Inactive Federal Reserve ID: 2710666 Date Established: July 06, 1998 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 #: 57182 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: July 06, 1998 Last Structure Change Effective Date: June 29, 2002 Last Structure Change Process Date: October 29, 2002 Last Data Update: October 29, 2002 Data Source Date: April 05, 2012
Location
Address: 3800 Buffalo Speedway, Suite 300, Houston, TX 77098 County: Harris 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 Metropolitan Statistical Area (MSA): Houston, TX (#3360) Consolidated Metropolitan Statistical Area (CMSA): Houston-Galveston-Brazoria, TX (#42) Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288) Core Based Statistical Area (CBSA): Houston-Sugar Land-Baytown, TX (#26420) CBSA Metro Statistical Area: Houston-Sugar Land-Baytown, TX (#26420)
History of Changes
Other Liquidations and Closings
Financial Summary
Total assets: $1.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
0Total employees (full-time equivalent)
$1,130Total assets
$724Cash and due from depository institutions
$0Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$406All other assets
$1,130Total liabilities and capital
$7,000Total liabilities
$0Total deposits
$0Interest-bearing deposits
$0Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,795Other borrowed funds
$0Subordinated debt
$1,205All other liabilities
$-5,870Total equity capital
$-5,870Total bank equity capital
$-5,870Perpetual preferred stock
$5Common stock
$3,022Surplus
$38,094Undivided profits
Memoranda
$-46,991Noncurrent loans and leases
$0Noncurrent 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)
$0Average Assets, year-to-date
$0Average Assets, quarterly
$0Volatile liabilities
$18,910Insider loans
$1,299FHLB advances
$5,795Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$868Total interest income
$599Total interest expense
$269Net interest income
$349Provision for loan and lease losses
$5,093Total noninterest income
$0Fiduciary activities
$888Service charges on deposit accounts
$0Trading account gains & fees
$4,205Additional noninterest income
$11,287Total noninterest expense
$4,522Salaries and employee benefits
$1,483Premises and equipment expense
$5,282Additional noninterest expense
-$6,274Pre-tax net operating income
$246Securities gains (losses)
$0Applicable income taxes
-$6,028Income before extraordinary items
-$9,381Extraordinary gains - net
-$15,409Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$568Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.87%Yield on earning assets
4.74%Cost of funding earning assets
2.13%Net interest margin
40.31%Noninterest income to earning assets
89.34%Noninterest expense to earning assets
-33.18%Net operating income to assets
-81.49%Return on assets (ROA)
-81.49%Pretax return on assets
5317.12%Return on equity (ROE)
5317.12%Retained earnings to average equity (YTD only)
596.64%Net charge-offs to loans
61.44%Credit loss provision to net charge-offs
-10.43%Efficiency ratio
208,113Assets per employee
0.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%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
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
-519.47%Core capital (leverage) ratio
-519.47%Tier 1 risk-based capital ratio
-1065.34%Total risk-based capital ratio
Memoranda
-$1,065Average assets
$18,910Average earning assets
-$290Average equity
$12,634Average loans
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