First Bank and Trust in Cleveland, Texas (TX)

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First Bank and Trust
GeneralFDIC Certificate #: 2407
Status: Inactive
Closing history: Corrections
Acquiring institution: First Bank & Trust East Texas (#17233)
Federal Reserve ID: 759054
Date Established: January 01, 1926
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 1584
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: Febuary 09, 1999
Last Structure Change Process Date: April 07, 1999
Last Data Update: May 21, 1999
Data Source Date: April 05, 2012
LocationAddress: 200 East Crockett Street, Cleveland, TX 77327
County: Liberty
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Houston
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Houston, TX (#3360)
Consolidated Metropolitan Statistical Area (CMSA): Houston-Galveston-Brazoria, TX (#42)
Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288)
Core Based Statistical Area (CBSA): Houston-Sugar Land-Baytown, TX (#26420)
CBSA Metro Statistical Area: Houston-Sugar Land-Baytown, TX (#26420)
History of ChangesMerger - Without Assistance
Financial SummaryTotal assets: $74.2 mil

1992 - 1999 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, 1998)
(Dollar figures in thousands)
Total employees (full-time equivalent)43
Total assets$74,225
Cash and due from depository institutions$6,016
Interest-bearing balances$2,669
Federal funds sold & reverse repurchase agreements$8,750
Net loans & leases$28,561
Loan loss allowance $462
Trading account assets$0
Bank premises and fixed assets$1,845
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$603
Life insurance assets$0
Total liabilities and capital$74,225
Total liabilities$65,060
Total deposits$64,122
Interest-bearing deposits$42,344
Deposits held in domestic offices$64,122
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $938
Total equity capital$9,165
Total bank equity capital$9,165
Perpetual preferred stock$9,165
Common stock$0
Undivided profits $6,980
Noncurrent loans and leases $1,185
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $129
Long-term assets (5+ years) $0
Average Assets, year-to-date $149
Average Assets, quarterly $68,430
Volatile liabilities $18,952
Insider loans $73,817
FHLB advances $74,108
Loans and leases held for sale $1,149
Unused loan commitments $864
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $4,603
Restructured Loans and leases $0
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Income and Expense (December 31, 1998)
(Dollar figures in thousands)
Total interest income $4,990
Total interest expense $1,607
Net interest income $3,383
Provision for loan and lease losses -$24
Total noninterest income $1,226
Fiduciary activities $0
Service charges on deposit accounts $777
Trading account gains & fees $0
Additional noninterest income $449
Total noninterest expense $3,096
Salaries and employee benefits $1,632
Premises and equipment expense $575
Additional noninterest expense $889
Pre-tax net operating income $1,537
Securities gains (losses) $0
Applicable income taxes $489
Income before extraordinary items $1,048
Extraordinary gains - net $0
Net income attributable to bank $1,048
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net -$4
Net operating income $585
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Performance and Condition Ratios (December 31, 1998)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.35%
Cost of funding earning assets 2.37%
Net interest margin 4.99%
Noninterest income to earning assets 1.81%
Noninterest expense to earning assets 4.56%
Net operating income to assets 1.42%
Return on assets (ROA) 1.42%
Pretax return on assets 2.08%
Return on equity (ROE) 11.81%
Retained earnings to average equity (YTD only) 5.22%
Net charge-offs to loans -0.01%
Credit loss provision to net charge-offs 600.00%
Efficiency ratio0.00%
Assets per employee$67,173
Cash dividends to net income (YTD only)1.73%
Condition Ratios (%)
Loss allowance to loans 55.82%
Loss allowance to noncurrent loans 1.59%
Noncurrent assets plus other real estate owned to assets 358.14%
Noncurrent loans to loans 0.17%
Net loans and leases to deposits0.44%
Net loans and leases to core deposits 44.54%
Equity capital to assets 45.35%
Core capital (leverage) ratio 12.35%
Tier 1 risk-based capital ratio 12.31%
Total risk-based capital ratio 25.20%
Average assets$26
Average earning assets$73,817
Average equity $8,876
Average loans $67,848
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