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

First Bank - Overview

  • General
  • FDIC Certificate #: 3121
    Status: Active
    Federal Reserve ID: 239659
    Bank Holding Company (Regulatory Top Holder): First Burkburnett Bancshares, Inc. (RSSDID: 1109544, Location: Wichita Falls, TX)
    Date Established: January 01, 1907
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 13255
    FDIC's unique #: 1995
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 08, 2009
    Last Structure Change Process Date: August 03, 2009
    Last Data Update: August 03, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 300 East Third, Burkburnett, TX 76354
    County: Wichita
    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): Wichita Falls, TX (#9080)
    Core Based Statistical Area (CBSA): Wichita Falls, TX (#48660)
    CBSA Metro Statistical Area: Wichita Falls, TX (#48660)
  • History of Changes
  • Change in Supervisory Agency
    Institution Withdraws from FRS (Federal Reserve System)
    Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $254.0 mil
    Equity capital: $24.0 mil
    Deposits held in domestic offices: $209.1 mil
    Return on assets (ROA): 1.77% ($4.5 mil)
    Quarterly return on assets: 1.98% ($5.0 mil)
    Return on Equity (ROE): 19.21% ($4.6 mil)
    Quarterly return on equity: 21.42% ($5.1 mil)
    Net income: $4.3 mil
    Quarterly Net income: $1.3 mil
    Pretax return on assets: 1.77% ($4,495.0 mil)
    Quarterly Pretax return on assets: 1.98% ($5,028.3 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, 2011)

  • Dollar figures in thousands
  • 98Total employees (full-time equivalent)
  • $253,956Total assets
  • $34,112Cash and due from depository institutions
  • $3,289Interest-bearing balances
  • $6,757Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $198,061Net loans & leases
  • $3,089Loan loss allowance
  • $0Trading account assets
  • $10,107Bank premises and fixed assets
  • $1,084Other real estate owned
  • $0Goodwill and other intangibles
  • $253,956Life insurance assets
  • $3,835All other assets
  • $229,951Total liabilities and capital
  • $209,061Total liabilities
  • $133,289Total deposits
  • $209,061Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $20,215Trading liabilities
  • $0Other borrowed funds
  • $675Subordinated debt
  • $24,005All other liabilities
  • $24,005Total equity capital
  • $24,005Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $11,700Surplus
  • $12,005Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,501Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,150Income earned, not collected on loans
  • $0Earning assets
  • $1,169Long-term assets (5+ years)
  • $208,107Average Assets, year-to-date
  • $16,891Average Assets, quarterly
  • $245,323Volatile liabilities
  • $253,378Insider loans
  • $188,182FHLB advances
  • $251,971Loans and leases held for sale
  • $677Unused loan commitments
  • $677Tier 1 (core) risk-based capital
  • $23,767Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,191Restructured Loans and leases
  • $10,277Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,742Total interest income
  • $1,315Total interest expense
  • $11,427Net interest income
  • $575Provision for loan and lease losses
  • $2,101Total noninterest income
  • $0Fiduciary activities
  • $1,373Service charges on deposit accounts
  • $0Trading account gains & fees
  • $728Additional noninterest income
  • $8,615Total noninterest expense
  • $4,942Salaries and employee benefits
  • $1,317Premises and equipment expense
  • $2,356Additional noninterest expense
  • $4,338Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $4,338Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,338Net income attributable to bank
  • $0Net charge-offs
  • $4,338Cash dividends
  • $230Sale, conversion, retirement of capital stock, net
  • $1,989Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.27%Yield on earning assets
  • 0.65%Cost of funding earning assets
  • 5.62%Net interest margin
  • 1.03%Noninterest income to earning assets
  • 4.24%Noninterest expense to earning assets
  • 1.77%Net operating income to assets
  • 1.77%Return on assets (ROA)
  • 1.77%Pretax return on assets
  • 19.21%Return on equity (ROE)
  • 10.40%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 250.00%Credit loss provision to net charge-offs
  • 21.36%Efficiency ratio
  • 63,683Assets per employee
  • 2.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 45.85%Loss allowance to loans
  • 1.54%Loss allowance to noncurrent loans
  • 268.61%Noncurrent assets plus other real estate owned to assets
  • 0.88%Noncurrent loans to loans
  • 0.57%Net loans and leases to deposits
  • 94.74%Net loans and leases to core deposits
  • 98.86%Equity capital to assets
  • 9.45%Core capital (leverage) ratio
  • 9.43%Tier 1 risk-based capital ratio
  • 12.63%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $245,323Average earning assets
  • $22,586Average equity
  • $203,371Average loans

List of branches

  • 5 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01995First Bank300 East Third, Burkburnett, TX 76354January 01, 1907Full Service Brick and Mortar
    1196089Wichita Falls Branch4110 Kell, Wichita Falls, TX 76309Febuary 07, 1994Full Service Brick and Mortar
    2444346Iowa Park Branch318 W. Park Street, Iowa Park, TX 76367January 25, 2005Full Service Brick and Mortar
    4452378Wichita Falls - Downtown Branch901 Lamar St., Wichita Falls, TX 76301January 25, 2006Full Service Brick and Mortar
    5465458Midwestern Branch2801 Midwestern Parkway, Wichita Falls, TX 76308Febuary 20, 2007Full Service Brick and Mortar

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