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

This bank is inactive as of Febuary 21, 2009

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

  • General
  • FDIC Certificate #: 23588
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Pinnacle Bank (#20231)
    Federal Reserve ID: 76050
    Date Established: October 26, 1981
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    OTS Docket #: 9880
    FDIC's unique #: 16520
    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: October 26, 1981
    Last Structure Change Effective Date: Febuary 21, 2009
    Last Structure Change Process Date: March 03, 2009
    Last Data Update: March 03, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 316 North West Parkway, Azle, TX 76020
    County: Tarrant
    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): Fort Worth-Arlington, TX (#2800)
    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: Fort Worth-Arlington, TX (#23104)
  • Financial Summary
  • Total assets: $249.5 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, 2008)

  • Dollar figures in thousands
  • 87Total employees (full-time equivalent)
  • $249,466Total assets
  • $7,142Cash and due from depository institutions
  • $25Interest-bearing balances
  • $97,154Securities
  • $895Federal funds sold & reverse repurchase agreements
  • $94,187Net loans & leases
  • $1,264Loan loss allowance
  • $10,032Trading account assets
  • $7,191Bank premises and fixed assets
  • $669Other real estate owned
  • $29,541Goodwill and other intangibles
  • $0Life insurance assets
  • $2,655All other assets
  • $249,466Total liabilities and capital
  • $202,614Total liabilities
  • $177,203Total deposits
  • $127,246Interest-bearing deposits
  • $177,203Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $22,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,509Other borrowed funds
  • $0Subordinated debt
  • $902All other liabilities
  • $46,852Total equity capital
  • $46,852Total bank equity capital
  • $46,852Perpetual preferred stock
  • $0Common stock
  • $750Surplus
  • $48,313Undivided profits
  • Memoranda
  • $-2,211Noncurrent loans and leases
  • $15,125Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $149Earning assets
  • $0Long-term assets (5+ years)
  • $1,820Average Assets, year-to-date
  • $202,293Average Assets, quarterly
  • $48,868Volatile liabilities
  • $220,866Insider loans
  • $256,828FHLB advances
  • $36,175Loans and leases held for sale
  • $2,571Unused loan commitments
  • $2,509Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $15,125Total unused commitments
  • $110Restructured Loans and leases
  • $1,264Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $3,754Total interest income
  • $910Total interest expense
  • $2,844Net interest income
  • $0Provision for loan and lease losses
  • $835Total noninterest income
  • $0Fiduciary activities
  • $473Service charges on deposit accounts
  • $14Trading account gains & fees
  • $348Additional noninterest income
  • $2,955Total noninterest expense
  • $1,315Salaries and employee benefits
  • $452Premises and equipment expense
  • $1,188Additional noninterest expense
  • $724Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $724Income before extraordinary items
  • $0Extraordinary gains - net
  • $724Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $222Sale, conversion, retirement of capital stock, net
  • $4,144Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 1.96%Yield on earning assets
  • 0.47%Cost of funding earning assets
  • 1.48%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 1.54%Noninterest expense to earning assets
  • 0.33%Net operating income to assets
  • 0.33%Return on assets (ROA)
  • 0.33%Pretax return on assets
  • 2.39%Return on equity (ROE)
  • -11.27%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 3.26%Efficiency ratio
  • 72,982Assets per employee
  • 2.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 572.38%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 848.32%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.16%Net loans and leases to deposits
  • 53.15%Net loans and leases to core deposits
  • 57.77%Equity capital to assets
  • 18.78%Core capital (leverage) ratio
  • 7.59%Tier 1 risk-based capital ratio
  • 11.43%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $220,866Average earning assets
  • $30,345Average equity
  • $191,800Average loans

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