FDIC Certificate #: 10354 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Patriot Bank (#3258) Federal Reserve ID: 559058 Date Established: January 01, 1929 WWW:http://www.fmsbtx.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 6631 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 15, 1934 Last Structure Change Effective Date: December 29, 2005 Last Structure Change Process Date: January 19, 2006 Last Data Update: January 19, 2006 Data Source Date: April 05, 2012
Location
Address: Main Street, Ladonia, TX 75449 County: Fannin 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 Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206) Core Based Statistical Area (CBSA): Bonham, TX (#14300) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $13.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
9Total employees (full-time equivalent)
$14,776Total assets
$1,856Cash and due from depository institutions
$1,000Interest-bearing balances
$6,775Securities
$1,579Federal funds sold & reverse repurchase agreements
$4,132Net loans & leases
$46Loan loss allowance
$0Trading account assets
$228Bank premises and fixed assets
$16Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$190All other assets
$14,776Total liabilities and capital
$13,700Total liabilities
$13,693Total deposits
$10,264Interest-bearing deposits
$13,693Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$7All other liabilities
$1,076Total equity capital
$1,076Total bank equity capital
$1,076Perpetual preferred stock
$0Common stock
$100Surplus
$700Undivided profits
Memoranda
$276Noncurrent loans and leases
$27Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$60Earning assets
$0Long-term assets (5+ years)
$90Average Assets, year-to-date
$13,486Average Assets, quarterly
$3,225Volatile liabilities
$15,183Insider loans
$14,854FHLB advances
$612Loans and leases held for sale
$43Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$27Total unused commitments
$0Restructured Loans and leases
$46Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$598Total interest income
$143Total interest expense
$455Net interest income
$113Provision for loan and lease losses
$210Total noninterest income
$0Fiduciary activities
$194Service charges on deposit accounts
$0Trading account gains & fees
$16Additional noninterest income
$596Total noninterest expense
$319Salaries and employee benefits
$73Premises and equipment expense
$204Additional noninterest expense
-$44Pre-tax net operating income
$35Securities gains (losses)
$0Applicable income taxes
-$9Income before extraordinary items
$0Extraordinary gains - net
-$9Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$96Sale, conversion, retirement of capital stock, net
$75Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.42%Yield on earning assets
1.06%Cost of funding earning assets
3.36%Net interest margin
1.55%Noninterest income to earning assets
4.40%Noninterest expense to earning assets
-0.29%Net operating income to assets
-0.06%Return on assets (ROA)
-0.06%Pretax return on assets
-0.79%Return on equity (ROE)
-7.38%Retained earnings to average equity (YTD only)
2.25%Net charge-offs to loans
117.71%Credit loss provision to net charge-offs
0.72%Efficiency ratio
89,624Assets per employee
1.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
-833.33%Loss allowance to loans
1.10%Loss allowance to noncurrent loans
76.67%Noncurrent assets plus other real estate owned to assets
0.51%Noncurrent loans to loans
1.44%Net loans and leases to deposits
30.18%Net loans and leases to core deposits
31.59%Equity capital to assets
7.28%Core capital (leverage) ratio
7.59%Tier 1 risk-based capital ratio
20.10%Total risk-based capital ratio
Memoranda
$21Average assets
$15,183Average earning assets
$1,138Average equity
$13,531Average loans
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