First Bank in Farmersville, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 2010

  • First Bank in Farmersville, Texas (TX)
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First Bank - Overview

  • General
  • FDIC Certificate #: 14552
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Independent Bank (#3076)
    Federal Reserve ID: 447351
    Date Established: June 30, 1934
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 9093
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 05, 1934
    Last Structure Change Effective Date: September 30, 2010
    Last Structure Change Process Date: October 06, 2010
    Last Data Update: October 06, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 223 Mckinney, Farmersville, TX 75442
    County: Collin
    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: $95.3 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, 2009)

  • Dollar figures in thousands
  • 35Total employees (full-time equivalent)
  • $95,971Total assets
  • $6,906Cash and due from depository institutions
  • $95Interest-bearing balances
  • $13,187Securities
  • $830Federal funds sold & reverse repurchase agreements
  • $67,549Net loans & leases
  • $2,721Loan loss allowance
  • $0Trading account assets
  • $4,067Bank premises and fixed assets
  • $2,747Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $685All other assets
  • $95,971Total liabilities and capital
  • $89,065Total liabilities
  • $88,712Total deposits
  • $68,714Interest-bearing deposits
  • $88,712Deposits held in domestic offices
  • 94.51%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $115Other borrowed funds
  • $0Subordinated debt
  • $238All other liabilities
  • $6,906Total equity capital
  • $6,906Total bank equity capital
  • $6,906Perpetual preferred stock
  • $0Common stock
  • $614Surplus
  • $8,871Undivided profits
  • Memoranda
  • $-2,579Noncurrent loans and leases
  • $3,871Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,671Earning assets
  • $0Long-term assets (5+ years)
  • $404Average Assets, year-to-date
  • $81,661Average Assets, quarterly
  • $37,722Volatile liabilities
  • $105,041Insider loans
  • $99,280FHLB advances
  • $17,753Loans and leases held for sale
  • $2,974Unused loan commitments
  • $115Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,871Total unused commitments
  • $1,380Restructured Loans and leases
  • $961Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $5,684Total interest income
  • $1,617Total interest expense
  • $4,067Net interest income
  • $1,891Provision for loan and lease losses
  • $1,289Total noninterest income
  • $0Fiduciary activities
  • $1,183Service charges on deposit accounts
  • $0Trading account gains & fees
  • $106Additional noninterest income
  • $6,161Total noninterest expense
  • $1,699Salaries and employee benefits
  • $703Premises and equipment expense
  • $3,759Additional noninterest expense
  • -$2,696Pre-tax net operating income
  • $246Securities gains (losses)
  • $0Applicable income taxes
  • -$2,450Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,450Net income attributable to bank
  • $0Net charge-offs
  • -$2,450Cash dividends
  • $587Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.26%Yield on earning assets
  • 1.78%Cost of funding earning assets
  • 4.48%Net interest margin
  • 1.42%Noninterest income to earning assets
  • 6.78%Noninterest expense to earning assets
  • -2.57%Net operating income to assets
  • -2.33%Return on assets (ROA)
  • -2.33%Pretax return on assets
  • -27.65%Return on equity (ROE)
  • -27.65%Retained earnings to average equity (YTD only)
  • 0.77%Net charge-offs to loans
  • 322.15%Credit loss provision to net charge-offs
  • -1.37%Efficiency ratio
  • 115,030Assets per employee
  • 2.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.87%Loss allowance to noncurrent loans
  • 101.87%Noncurrent assets plus other real estate owned to assets
  • 5.65%Noncurrent loans to loans
  • 3.80%Net loans and leases to deposits
  • 76.14%Net loans and leases to core deposits
  • 95.17%Equity capital to assets
  • 7.20%Core capital (leverage) ratio
  • 6.51%Tier 1 risk-based capital ratio
  • 8.77%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $105,041Average earning assets
  • $8,859Average equity
  • $90,823Average loans

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