FIRST FINANCIAL BANK in Hereford, Texas (TX)

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Table of contents:
GeneralFDIC 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
LocationAddress: 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 ChangesName Change
Financial SummaryTotal 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)
Total employees (full-time equivalent)26
Total assets$164,881
Cash and due from depository institutions$14,817
Interest-bearing balances$2,965
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$101,992
Loan loss allowance $2,077
Trading account assets$0
Bank premises and fixed assets$1,114
Other real estate owned$207
Goodwill and other intangibles$0
All other assets$2,776
Life insurance assets$164,881
Total liabilities and capital$149,631
Total liabilities$138,670
Total deposits$77,189
Interest-bearing deposits$138,670
Deposits held in domestic offices$88
% insured (estimated)8721.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $2,240
All other liabilities $15,250
Total equity capital$15,250
Total bank equity capital$15,250
Perpetual preferred stock$0
Common stock$1,000
Undivided profits $7,664
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,262
Earning assets $0
Long-term assets (5+ years) $1,223
Average Assets, year-to-date $148,932
Average Assets, quarterly $44,062
Volatile liabilities $163,950
Insider loans $160,188
FHLB advances $121,688
Loans and leases held for sale $155,454
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $14,688
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $33,742
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,213
Total interest expense $326
Net interest income $6,887
Provision for loan and lease losses $671
Total noninterest income $871
Fiduciary activities $0
Service charges on deposit accounts $605
Trading account gains & fees $0
Additional noninterest income $266
Total noninterest expense $3,670
Salaries and employee benefits $1,628
Premises and equipment expense $394
Additional noninterest expense $1,648
Pre-tax net operating income $3,417
Securities gains (losses) $31
Applicable income taxes $989
Income before extraordinary items $2,459
Extraordinary gains - net $0
Net income attributable to bank $2,459
Net charge-offs $0
Cash dividends $2,459
Sale, conversion, retirement of capital stock, net $556
Net operating income $1,825
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.78%
Cost of funding earning assets 0.22%
Net interest margin 4.56%
Noninterest income to earning assets 0.58%
Noninterest expense to earning assets 2.43%
Net operating income to assets 1.49%
Return on assets (ROA) 1.50%
Pretax return on assets 2.10%
Return on equity (ROE) 16.62%
Retained earnings to average equity (YTD only) 4.29%
Net charge-offs to loans 0.57%
Credit loss provision to net charge-offs 120.68%
Efficiency ratio7.35%
Assets per employee$47,306
Cash dividends to net income (YTD only)6.34%
Condition Ratios (%)
Loss allowance to loans 74.22%
Loss allowance to noncurrent loans 2.00%
Noncurrent assets plus other real estate owned to assets 164.58%
Noncurrent loans to loans 0.89%
Net loans and leases to deposits1.21%
Net loans and leases to core deposits 73.55%
Equity capital to assets 79.53%
Core capital (leverage) ratio 9.25%
Tier 1 risk-based capital ratio 9.45%
Total risk-based capital ratio 12.07%
Average assets$13
Average earning assets$163,950
Average equity $14,794
Average loans $151,034
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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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