FDIC Certificate #: 34265 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:Sterling Bank (#21726) Federal Reserve ID: 2541721 Date Established: Febuary 28, 1997 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 #: 57024 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: Febuary 28, 1997 Last Structure Change Effective Date: September 13, 2002 Last Structure Change Process Date: October 29, 2002 Last Data Update: October 29, 2002 Data Source Date: April 05, 2012
Location
Address: 5006 Verde Valley, Dallas, TX 75240 County: Dallas 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): Dallas, TX (#1920) 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: Dallas-Plano-Irving, TX (#19124)
Financial Summary
Total assets: $68.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
18Total employees (full-time equivalent)
$67,367Total assets
$1,936Cash and due from depository institutions
$42Interest-bearing balances
$499Securities
$7,400Federal funds sold & reverse repurchase agreements
$54,115Net loans & leases
$656Loan loss allowance
$0Trading account assets
$2,371Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,046All other assets
$67,367Total liabilities and capital
$61,423Total liabilities
$61,122Total deposits
$50,973Interest-bearing deposits
$61,122Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$301All other liabilities
$5,944Total equity capital
$5,944Total bank equity capital
$5,944Perpetual preferred stock
$0Common stock
$2,874Surplus
$2,874Undivided profits
Memoranda
$196Noncurrent loans and leases
$14,945Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,941Earning assets
$0Long-term assets (5+ years)
$322Average Assets, year-to-date
$62,056Average Assets, quarterly
$405Volatile liabilities
$62,916Insider loans
$67,181FHLB advances
$19,700Loans and leases held for sale
$3,478Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$14,945Total unused commitments
$0Restructured Loans and leases
$656Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$5,341Total interest income
$2,670Total interest expense
$2,671Net interest income
$153Provision for loan and lease losses
$172Total noninterest income
$0Fiduciary activities
$237Service charges on deposit accounts
$0Trading account gains & fees
-$65Additional noninterest income
$2,404Total noninterest expense
$1,368Salaries and employee benefits
$257Premises and equipment expense
$779Additional noninterest expense
$286Pre-tax net operating income
$0Securities gains (losses)
$108Applicable income taxes
$178Income before extraordinary items
$0Extraordinary gains - net
$178Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$128Sale, conversion, retirement of capital stock, net
$600Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.35%Yield on earning assets
4.67%Cost of funding earning assets
4.68%Net interest margin
0.30%Noninterest income to earning assets
4.21%Noninterest expense to earning assets
0.28%Net operating income to assets
0.28%Return on assets (ROA)
0.45%Pretax return on assets
2.93%Return on equity (ROE)
-6.94%Retained earnings to average equity (YTD only)
0.26%Net charge-offs to loans
119.53%Credit loss provision to net charge-offs
3.43%Efficiency ratio
84,559Assets per employee
3.74%Cash dividends to net income (YTD only)
Condition Ratios (%)
337.08%Loss allowance to loans
1.20%Loss allowance to noncurrent loans
33.80%Noncurrent assets plus other real estate owned to assets
2.88%Noncurrent loans to loans
3.54%Net loans and leases to deposits
88.54%Net loans and leases to core deposits
130.64%Equity capital to assets
8.82%Core capital (leverage) ratio
8.71%Tier 1 risk-based capital ratio
10.51%Total risk-based capital ratio
Memoranda
$12Average assets
$62,916Average earning assets
$6,077Average equity
$57,133Average loans
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