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)
  • Show street view No street view available for this location

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

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents