First Bank & Trust Company in Lubbock, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Bank & Trust Company in Lubbock, Texas (TX)
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First Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 14778
    Status: Active
    Federal Reserve ID: 294564
    Bank Holding Company (Regulatory Top Holder): First Bank Lubbock Bancshares, Inc. (RSSDID: 2410854, Location: Lubbock, TX)
    Date Established: January 01, 1934
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 14038
    FDIC's unique #: 9243
    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: September 28, 1934
    Last Structure Change Effective Date: July 29, 2011
    Last Structure Change Process Date: August 03, 2011
    Last Data Update: August 03, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 9816 Slide Road, Lubbock, TX 79424
    County: Lubbock
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Lubbock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Lubbock, TX (#4600)
    Combined Statistical Area (CSA): Lubbock-Levelland, TX (#352)
    Core Based Statistical Area (CBSA): Lubbock, TX (#31180)
    CBSA Metro Statistical Area: Lubbock, TX (#31180)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
    Office Sold
  • Financial Summary
  • Total assets: $536.1 mil
    Equity capital: $51.7 mil
    Deposits held in domestic offices: $422.8 mil
    Return on assets (ROA): 0.97% ($5.2 mil)
    Quarterly return on assets: 0.33% ($1.8 mil)
    Return on Equity (ROE): 10.91% ($5.7 mil)
    Quarterly return on equity: 3.41% ($1.8 mil)
    Net income: $4.9 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.97% ($5,199.8 mil)
    Quarterly Pretax return on assets: 0.33% ($1,769.0 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
  • 146Total employees (full-time equivalent)
  • $536,057Total assets
  • $43,981Cash and due from depository institutions
  • $34,438Interest-bearing balances
  • $61,892Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $361,264Net loans & leases
  • $4,580Loan loss allowance
  • $0Trading account assets
  • $27,432Bank premises and fixed assets
  • $16,165Other real estate owned
  • $4,761Goodwill and other intangibles
  • $536,057Life insurance assets
  • $20,562All other assets
  • $484,318Total liabilities and capital
  • $422,799Total liabilities
  • $389,317Total deposits
  • $422,799Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $58,200Trading liabilities
  • $0Other borrowed funds
  • $3,319Subordinated debt
  • $51,739All other liabilities
  • $51,739Total equity capital
  • $51,739Total bank equity capital
  • $0Perpetual preferred stock
  • $150Common stock
  • $43,256Surplus
  • $8,333Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $21,529Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,345Income earned, not collected on loans
  • $0Earning assets
  • $1,745Long-term assets (5+ years)
  • $457,594Average Assets, year-to-date
  • $144,008Average Assets, quarterly
  • $502,432Volatile liabilities
  • $533,395Insider loans
  • $378,639FHLB advances
  • $526,690Loans and leases held for sale
  • $8,020Unused loan commitments
  • $8,020Tier 1 (core) risk-based capital
  • $49,384Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $62,661Restructured Loans and leases
  • $16,863Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $23,662Total interest income
  • $6,207Total interest expense
  • $17,455Net interest income
  • $3,850Provision for loan and lease losses
  • $12,511Total noninterest income
  • $0Fiduciary activities
  • $1,771Service charges on deposit accounts
  • $0Trading account gains & fees
  • $10,740Additional noninterest income
  • $22,459Total noninterest expense
  • $10,323Salaries and employee benefits
  • $2,451Premises and equipment expense
  • $9,685Additional noninterest expense
  • $3,657Pre-tax net operating income
  • $1,236Securities gains (losses)
  • $0Applicable income taxes
  • $4,893Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,893Net income attributable to bank
  • $0Net charge-offs
  • $4,893Cash dividends
  • $2,814Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.49%Yield on earning assets
  • 1.44%Cost of funding earning assets
  • 4.05%Net interest margin
  • 2.90%Noninterest income to earning assets
  • 5.21%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.97%Return on assets (ROA)
  • 0.97%Pretax return on assets
  • 10.91%Return on equity (ROE)
  • 10.91%Retained earnings to average equity (YTD only)
  • 0.80%Net charge-offs to loans
  • 136.82%Credit loss provision to net charge-offs
  • 2.67%Efficiency ratio
  • 73,827Assets per employee
  • 3.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 49.01%Noncurrent assets plus other real estate owned to assets
  • 4.76%Noncurrent loans to loans
  • 2.55%Net loans and leases to deposits
  • 85.45%Net loans and leases to core deposits
  • 98.29%Equity capital to assets
  • 9.65%Core capital (leverage) ratio
  • 9.38%Tier 1 risk-based capital ratio
  • 13.04%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $502,432Average earning assets
  • $44,862Average equity
  • $431,045Average loans

List of branches

  • 6 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09243First Bank & Trust Company9816 Slide Road, Lubbock, TX 79424January 01, 1934Full Service Brick and Mortar
    2364813Mobile Branch7806 Indiana Avenue, Lubbock, TX 79423September 23, 2002Limited Service Mobile
    3364935Midcity Branch3405 22nd Street, Lubbock, TX 79410September 17, 2001Full Service Brick and Mortar
    4231773Lockwood Branch1910 Lockwood, Tahoka, TX 79373Febuary 17, 1998Full Service Brick and Mortar
    5465454Wilson Bank Branch2000 Green Avenue, Wilson, TX 79381July 02, 2007Full Service Brick and Mortar
    6466653Southwest Branch7806 Indiana Avenue, Lubbock, TX 79423June 25, 2007Full Service Brick and Mortar

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