First Community Bank in Corpus Christi, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Community Bank - Overview

  • General
  • FDIC Certificate #: 24353
    Status: Active
    Federal Reserve ID: 339456
    Bank Holding Company (Regulatory Top Holder): Coastal Bend Bancshares, Inc. (RSSDID: 2505929, Location: Corpus Christi, TX)
    Date Established: Febuary 07, 1983
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 12637
    FDIC's unique #: 16946
    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: Febuary 07, 1983
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 416 North Water Street, Corpus Christi, TX 78401
    County: Nueces
    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): Corpus Christi, TX (#1880)
    Combined Statistical Area (CSA): Corpus Christi-Kingsville, TX (#204)
    Core Based Statistical Area (CBSA): Corpus Christi, TX (#18580)
    CBSA Metro Statistical Area: Corpus Christi, TX (#18580)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $314.4 mil
    Equity capital: $26.9 mil
    Deposits held in domestic offices: $273.9 mil
    Return on assets (ROA): 1.20% ($3.8 mil)
    Quarterly return on assets: 1.18% ($3.7 mil)
    Return on Equity (ROE): 14.85% ($4.0 mil)
    Quarterly return on equity: 14.42% ($3.9 mil)
    Net income: $3.5 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 1.20% ($3,773.3 mil)
    Quarterly Pretax return on assets: 1.18% ($3,710.4 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
  • 124Total employees (full-time equivalent)
  • $314,438Total assets
  • $13,392Cash and due from depository institutions
  • $1,837Interest-bearing balances
  • $41,980Securities
  • $22,593Federal funds sold & reverse repurchase agreements
  • $221,032Net loans & leases
  • $3,225Loan loss allowance
  • $0Trading account assets
  • $11,572Bank premises and fixed assets
  • $105Other real estate owned
  • $0Goodwill and other intangibles
  • $314,438Life insurance assets
  • $3,764All other assets
  • $287,539Total liabilities and capital
  • $273,886Total liabilities
  • $183,100Total deposits
  • $273,886Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $13,000Trading liabilities
  • $0Other borrowed funds
  • $653Subordinated debt
  • $26,899All other liabilities
  • $26,899Total equity capital
  • $26,899Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $13,450Surplus
  • $12,849Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,298Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,773Income earned, not collected on loans
  • $138Earning assets
  • $1,168Long-term assets (5+ years)
  • $287,442Average Assets, year-to-date
  • $60,855Average Assets, quarterly
  • $288,130Volatile liabilities
  • $308,024Insider loans
  • $215,197FHLB advances
  • $308,216Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $26,536Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $24,644Restructured Loans and leases
  • $6,953Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,503Total interest income
  • $3,025Total interest expense
  • $13,478Net interest income
  • $1,200Provision for loan and lease losses
  • $4,162Total noninterest income
  • $0Fiduciary activities
  • $1,926Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,236Additional noninterest income
  • $13,142Total noninterest expense
  • $6,883Salaries and employee benefits
  • $1,940Premises and equipment expense
  • $4,319Additional noninterest expense
  • $3,298Pre-tax net operating income
  • $160Securities gains (losses)
  • $0Applicable income taxes
  • $3,458Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,458Net income attributable to bank
  • $0Net charge-offs
  • $3,458Cash dividends
  • $497Sale, conversion, retirement of capital stock, net
  • $1,150Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.24%Yield on earning assets
  • 1.14%Cost of funding earning assets
  • 5.10%Net interest margin
  • 1.57%Noninterest income to earning assets
  • 4.97%Noninterest expense to earning assets
  • 1.14%Net operating income to assets
  • 1.20%Return on assets (ROA)
  • 1.20%Pretax return on assets
  • 14.85%Return on equity (ROE)
  • 9.91%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 241.45%Credit loss provision to net charge-offs
  • 9.05%Efficiency ratio
  • 74,501Assets per employee
  • 2.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 33.26%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 116.30%Noncurrent assets plus other real estate owned to assets
  • 0.92%Noncurrent loans to loans
  • 1.24%Net loans and leases to deposits
  • 80.70%Net loans and leases to core deposits
  • 90.67%Equity capital to assets
  • 8.55%Core capital (leverage) ratio
  • 8.61%Tier 1 risk-based capital ratio
  • 12.33%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $288,130Average earning assets
  • $23,285Average equity
  • $264,511Average loans

List of branches

  • 9 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016946First Community Bank416 North Water Street, Corpus Christi, TX 78401Febuary 07, 1983Full Service Brick and Mortar
    2286374Corpus Christi Branch5406 Everhart Road, Corpus Christi, TX 78411June 30, 1986Full Service Brick and Mortar
    4257292Alice Branch1600 East Main Street, Alice, TX 78332March 10, 1998Full Service Brick and Mortar
    5257293First Mobile BranchNueces County, Corpus Christi, TX 78401Febuary 23, 1999Full Service Brick and Mortar
    6357046Kingsville Branch2525 Brahma Boulevard, Kingsville, TX 78363June 26, 2000Full Service Brick and Mortar
    8429316Portland Branch1001 Wildcat Drive, Portland, TX 78374June 30, 2004Full Service Brick and Mortar
    9452966First Mobile BranchSan Patricio County, Corpus Christi, TX 78401August 29, 2005Limited Service Mobile
    10466388Alameda Branch4201 S. Alameda, Corpus Christi, TX 78412March 05, 2007Full Service Brick and Mortar
    11473490South Padre Island Drive Branch14254 South Padre Island Drive, Corpus Christi, TX 78418Febuary 04, 2008Full Service Brick and Mortar

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