FIRST FINANCIAL BANK in Hereford, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • FIRST FINANCIAL BANK in Hereford, Texas (TX)
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  • General
  • FDIC Certificate #: 16589
    Status: Active
    Federal Reserve ID: 57956
    Bank Holding Company (Regulatory Top Holder): First Financial Bankshares, Inc. (RSSDID: 1102312, Location: Abilene, TX)
    Date Established: June 16, 1947
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 10734
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: June 16, 1947
    Last Structure Change Effective Date: June 22, 2009
    Last Structure Change Process Date: June 22, 2009
    Last Data Update: June 22, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: Third And Sampson Streets, Hereford, TX 79045
    County: Deaf Smith
    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
    Core Based Statistical Area (CBSA): Hereford, TX (#25820)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $164.9 mil
    Equity capital: $15.3 mil
    Deposits held in domestic offices: $138.7 mil
    Return on assets (ROA): 1.50% ($2.5 mil)
    Quarterly return on assets: 1.45% ($2.4 mil)
    Return on Equity (ROE): 16.62% ($2.5 mil)
    Quarterly return on equity: 15.15% ($2.3 mil)
    Net income: $2.5 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 2.10% ($3,462.5 mil)
    Quarterly Pretax return on assets: 2.01% ($3,314.1 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, 2011)

  • Dollar figures in thousands
  • 26Total employees (full-time equivalent)
  • $164,881Total assets
  • $14,817Cash and due from depository institutions
  • $2,965Interest-bearing balances
  • $43,975Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $101,992Net loans & leases
  • $2,077Loan loss allowance
  • $0Trading account assets
  • $1,114Bank premises and fixed assets
  • $207Other real estate owned
  • $0Goodwill and other intangibles
  • $164,881Life insurance assets
  • $2,776All other assets
  • $149,631Total liabilities and capital
  • $138,670Total liabilities
  • $77,189Total deposits
  • $138,670Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 8721.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,240Subordinated debt
  • $15,250All other liabilities
  • $15,250Total equity capital
  • $15,250Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $6,586Surplus
  • $7,664Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,262Income earned, not collected on loans
  • $0Earning assets
  • $1,223Long-term assets (5+ years)
  • $148,932Average Assets, year-to-date
  • $44,062Average Assets, quarterly
  • $163,950Volatile liabilities
  • $160,188Insider loans
  • $121,688FHLB advances
  • $155,454Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,688Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $33,742Restructured Loans and leases
  • $6,648Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,213Total interest income
  • $326Total interest expense
  • $6,887Net interest income
  • $671Provision for loan and lease losses
  • $871Total noninterest income
  • $0Fiduciary activities
  • $605Service charges on deposit accounts
  • $0Trading account gains & fees
  • $266Additional noninterest income
  • $3,670Total noninterest expense
  • $1,628Salaries and employee benefits
  • $394Premises and equipment expense
  • $1,648Additional noninterest expense
  • $3,417Pre-tax net operating income
  • $31Securities gains (losses)
  • $989Applicable income taxes
  • $2,459Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,459Net income attributable to bank
  • $0Net charge-offs
  • $2,459Cash dividends
  • $556Sale, conversion, retirement of capital stock, net
  • $1,825Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.78%Yield on earning assets
  • 0.22%Cost of funding earning assets
  • 4.56%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 2.43%Noninterest expense to earning assets
  • 1.49%Net operating income to assets
  • 1.50%Return on assets (ROA)
  • 2.10%Pretax return on assets
  • 16.62%Return on equity (ROE)
  • 4.29%Retained earnings to average equity (YTD only)
  • 0.57%Net charge-offs to loans
  • 120.68%Credit loss provision to net charge-offs
  • 7.35%Efficiency ratio
  • 47,306Assets per employee
  • 6.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 74.22%Loss allowance to loans
  • 2.00%Loss allowance to noncurrent loans
  • 164.58%Noncurrent assets plus other real estate owned to assets
  • 0.89%Noncurrent loans to loans
  • 1.21%Net loans and leases to deposits
  • 73.55%Net loans and leases to core deposits
  • 79.53%Equity capital to assets
  • 9.25%Core capital (leverage) ratio
  • 9.45%Tier 1 risk-based capital ratio
  • 12.07%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $163,950Average earning assets
  • $14,794Average equity
  • $151,034Average loans

List of branches

  • 1 Texas Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010734First Financial BankThird And Sampson Streets, Hereford, TX 79045June 16, 1947Full Service Brick and Mortar

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