Concord Bank, National Association in Houston, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 2006

  • Concord Bank, National Association in Houston, Texas (TX)
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Concord Bank, National Association - Overview

  • General
  • FDIC Certificate #: 24497
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Summit National Bank (#27199)
    Federal Reserve ID: 216258
    Date Established: May 16, 1983
    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 #: 17024
    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 16, 1983
    Last Structure Change Effective Date: April 01, 2006
    Last Structure Change Process Date: May 11, 2006
    Last Data Update: May 11, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 6588 Corporate Drive, Houston, TX 77036
    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)
  • Financial Summary
  • Total assets: $120.0 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, 2005)

  • Dollar figures in thousands
  • 17Total employees (full-time equivalent)
  • $116,044Total assets
  • $595Cash and due from depository institutions
  • $9Interest-bearing balances
  • $7,255Securities
  • $3,550Federal funds sold & reverse repurchase agreements
  • $95,928Net loans & leases
  • $1,100Loan loss allowance
  • $0Trading account assets
  • $7,155Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,561All other assets
  • $116,044Total liabilities and capital
  • $104,365Total liabilities
  • $102,722Total deposits
  • $96,124Interest-bearing deposits
  • $102,722Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,643All other liabilities
  • $11,679Total equity capital
  • $11,679Total bank equity capital
  • $11,679Perpetual preferred stock
  • $0Common stock
  • $3,100Surplus
  • $3,973Undivided profits
  • Memoranda
  • $4,606Noncurrent loans and leases
  • $4,690Noncurrent 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)
  • $431Average Assets, year-to-date
  • $106,742Average Assets, quarterly
  • $3,837Volatile liabilities
  • $112,700Insider loans
  • $114,005FHLB advances
  • $61,632Loans and leases held for sale
  • $873Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,690Total unused commitments
  • $0Restructured Loans and leases
  • $1,100Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $7,719Total interest income
  • $2,826Total interest expense
  • $4,893Net interest income
  • $100Provision for loan and lease losses
  • $165Total noninterest income
  • $0Fiduciary activities
  • $60Service charges on deposit accounts
  • $0Trading account gains & fees
  • $105Additional noninterest income
  • $3,617Total noninterest expense
  • $2,211Salaries and employee benefits
  • $391Premises and equipment expense
  • $1,015Additional noninterest expense
  • $1,341Pre-tax net operating income
  • $0Securities gains (losses)
  • $460Applicable income taxes
  • $881Income before extraordinary items
  • $0Extraordinary gains - net
  • $881Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.48%Yield on earning assets
  • 2.74%Cost of funding earning assets
  • 4.74%Net interest margin
  • 0.16%Noninterest income to earning assets
  • 3.50%Noninterest expense to earning assets
  • 0.78%Net operating income to assets
  • 0.78%Return on assets (ROA)
  • 1.19%Pretax return on assets
  • 7.73%Return on equity (ROE)
  • 7.73%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 71,510Assets per employee
  • 6.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.13%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
  • 93.39%Net loans and leases to core deposits
  • 233.46%Equity capital to assets
  • 10.06%Core capital (leverage) ratio
  • 10.10%Tier 1 risk-based capital ratio
  • 11.13%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $112,700Average earning assets
  • $11,399Average equity
  • $103,211Average loans

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