First Community Bank Central Texas, National Association in Meridian, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 23, 2009

  • First Community Bank Central Texas, National Association in Meridian, Texas (TX)
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First Community Bank Central Texas, National Association - Overview

  • General
  • FDIC Certificate #: 1491
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Community Bank, National Association (#26435)
    Federal Reserve ID: 378259
    Date Established: January 01, 1927
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 10 (Interstate: No)
    FDIC's unique #: 986
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 23, 2009
    Last Structure Change Process Date: Febuary 05, 2009
    Last Data Update: Febuary 05, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 West Morgan Street, Meridian, TX 76665
    County: Bosque
    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
  • Financial Summary
  • Total assets: $199.2 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, 2008)

  • Dollar figures in thousands
  • 65Total employees (full-time equivalent)
  • $199,247Total assets
  • $9,222Cash and due from depository institutions
  • $4,022Interest-bearing balances
  • $18,309Securities
  • $747Federal funds sold & reverse repurchase agreements
  • $155,065Net loans & leases
  • $1,934Loan loss allowance
  • $0Trading account assets
  • $7,232Bank premises and fixed assets
  • $0Other real estate owned
  • $6,471Goodwill and other intangibles
  • $0Life insurance assets
  • $2,201All other assets
  • $199,247Total liabilities and capital
  • $176,650Total liabilities
  • $175,708Total deposits
  • $155,848Interest-bearing deposits
  • $175,708Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $942All other liabilities
  • $22,597Total equity capital
  • $22,597Total bank equity capital
  • $22,597Perpetual preferred stock
  • $0Common stock
  • $107Surplus
  • $27,093Undivided profits
  • Memoranda
  • $-4,603Noncurrent loans and leases
  • $33,853Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,020Earning assets
  • $0Long-term assets (5+ years)
  • $957Average Assets, year-to-date
  • $178,143Average Assets, quarterly
  • $34,496Volatile liabilities
  • $164,316Insider loans
  • $191,385FHLB advances
  • $67,002Loans and leases held for sale
  • $1,866Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $33,853Total unused commitments
  • $0Restructured Loans and leases
  • $1,934Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $8,713Total interest income
  • $4,440Total interest expense
  • $4,273Net interest income
  • $1,580Provision for loan and lease losses
  • $782Total noninterest income
  • $0Fiduciary activities
  • $613Service charges on deposit accounts
  • $0Trading account gains & fees
  • $169Additional noninterest income
  • $7,852Total noninterest expense
  • $2,674Salaries and employee benefits
  • $2,375Premises and equipment expense
  • $2,803Additional noninterest expense
  • -$4,377Pre-tax net operating income
  • $0Securities gains (losses)
  • $28Applicable income taxes
  • -$4,405Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,405Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $589Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.00%Yield on earning assets
  • 3.06%Cost of funding earning assets
  • 2.94%Net interest margin
  • 0.54%Noninterest income to earning assets
  • 5.41%Noninterest expense to earning assets
  • -2.68%Net operating income to assets
  • -2.68%Return on assets (ROA)
  • -2.66%Pretax return on assets
  • -21.68%Return on equity (ROE)
  • -21.68%Retained earnings to average equity (YTD only)
  • 0.48%Net charge-offs to loans
  • 268.25%Credit loss provision to net charge-offs
  • -4.75%Efficiency ratio
  • 152,384Assets per employee
  • 3.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 95.74%Noncurrent assets plus other real estate owned to assets
  • 1.01%Noncurrent loans to loans
  • 1.29%Net loans and leases to deposits
  • 88.25%Net loans and leases to core deposits
  • 142.65%Equity capital to assets
  • 11.34%Core capital (leverage) ratio
  • 8.40%Tier 1 risk-based capital ratio
  • 9.80%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $164,316Average earning assets
  • $20,314Average equity
  • $145,248Average loans

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