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

First Bank of Muleshoe - Overview

  • General
  • FDIC Certificate #: 17474
    Status: Active
    Federal Reserve ID: 946461
    Bank Holding Company (Regulatory Top Holder): Dg Partnership, Ltd (RSSDID: 2314868, Location: Muleshoe, TX)
    Date Established: August 01, 1955
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 11459
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: August 01, 1955
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: April 17, 2008
    Last Data Update: April 17, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: West First Street And Avenue B, Muleshoe, TX 79347
    County: Bailey
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
    Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $107.1 mil
    Equity capital: $14.3 mil
    Deposits held in domestic offices: $92.3 mil
    Return on assets (ROA): 0.98% ($1.0 mil)
    Quarterly return on assets: 0.98% ($1.0 mil)
    Return on Equity (ROE): 7.32% ($1.0 mil)
    Quarterly return on equity: 7.07% ($1.0 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.33% ($1,424.7 mil)
    Quarterly Pretax return on assets: 1.35% ($1,446.1 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
  • 29Total employees (full-time equivalent)
  • $107,122Total assets
  • $8,584Cash and due from depository institutions
  • $3,185Interest-bearing balances
  • $71,720Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $24,200Net loans & leases
  • $515Loan loss allowance
  • $0Trading account assets
  • $1,156Bank premises and fixed assets
  • $352Other real estate owned
  • $0Goodwill and other intangibles
  • $107,122Life insurance assets
  • $1,110All other assets
  • $92,789Total liabilities and capital
  • $92,269Total liabilities
  • $56,354Total deposits
  • $92,269Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $520Subordinated debt
  • $14,333All other liabilities
  • $14,333Total equity capital
  • $14,333Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $3,000Surplus
  • $10,833Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $71Income earned, not collected on loans
  • $0Earning assets
  • $444Long-term assets (5+ years)
  • $99,105Average Assets, year-to-date
  • $15,949Average Assets, quarterly
  • $103,255Volatile liabilities
  • $102,950Insider loans
  • $26,386FHLB advances
  • $102,547Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,399Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,777Restructured Loans and leases
  • $41Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,910Total interest income
  • $364Total interest expense
  • $3,546Net interest income
  • $75Provision for loan and lease losses
  • $646Total noninterest income
  • $0Fiduciary activities
  • $589Service charges on deposit accounts
  • $0Trading account gains & fees
  • $57Additional noninterest income
  • $2,819Total noninterest expense
  • $1,544Salaries and employee benefits
  • $427Premises and equipment expense
  • $848Additional noninterest expense
  • $1,298Pre-tax net operating income
  • $80Securities gains (losses)
  • $364Applicable income taxes
  • $1,014Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,014Net income attributable to bank
  • $0Net charge-offs
  • $1,014Cash dividends
  • $275Sale, conversion, retirement of capital stock, net
  • $600Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.07%Yield on earning assets
  • 0.38%Cost of funding earning assets
  • 3.69%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 2.93%Noninterest expense to earning assets
  • 0.92%Net operating income to assets
  • 0.98%Return on assets (ROA)
  • 1.33%Pretax return on assets
  • 7.32%Return on equity (ROE)
  • 2.99%Retained earnings to average equity (YTD only)
  • 1.09%Net charge-offs to loans
  • 27.27%Credit loss provision to net charge-offs
  • 4.99%Efficiency ratio
  • 67,247Assets per employee
  • 3.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 59.17%Loss allowance to loans
  • 2.08%Loss allowance to noncurrent loans
  • 725.35%Noncurrent assets plus other real estate owned to assets
  • 0.39%Noncurrent loans to loans
  • 0.29%Net loans and leases to deposits
  • 26.23%Net loans and leases to core deposits
  • 27.00%Equity capital to assets
  • 13.38%Core capital (leverage) ratio
  • 13.07%Tier 1 risk-based capital ratio
  • 50.78%Total risk-based capital ratio
  • Memoranda
  • $52Average assets
  • $103,255Average earning assets
  • $13,857Average equity
  • $96,068Average loans

List of branches

  • 3 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011459First Bank Of MuleshoeWest First Street And Avenue B, Muleshoe, TX 79347August 01, 1955Full Service Brick and Mortar
    111490Bovina Branch115 Third Street, Bovina, TX 79009October 26, 1955Full Service Brick and Mortar
    2241779Dimmitt Branch215 West Bedford, Dimmitt, TX 79027June 28, 1993Full Service Brick and Mortar

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