First Continental Bank of Grand Prairie National Association in city_name, state_name

First Continental Bank of Grand Prairie National Association in Grand Prairie, Texas (TX)
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First Continental Bank of Grand Prairie National Association - Overview

General
FDIC Certificate #: 26224
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Independent National Bank (#21373)
Federal Reserve ID: 452458
Date Established: May 06, 1985
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 32556
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: May 06, 1985
Last Structure Change Effective Date: January 31, 1996
Last Structure Change Process Date: Febuary 12, 1996
Last Data Update: Febuary 12, 1996
Data Source Date: April 05, 2012
Location
Address: 4055 South Great Southwest Parkway, Grand Prairie, TX 75052
County: Tarrant
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
Metropolitan Statistical Area (MSA): Fort Worth-Arlington, TX (#2800)
Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31)
Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
Core Based Statistical Area (CBSA): Dallas-Fort Worth-Arlington, TX (#19100)
CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100)
Core Based Statistical Division: Fort Worth-Arlington, TX (#23104)
Financial Summary
Total assets: $21.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$16Total assets
$21,923Cash and due from depository institutions
$2,317Interest-bearing balances
$486Securities
$3,684Federal funds sold & reverse repurchase agreements
$2,985Net loans & leases
$11,025Loan loss allowance
$320Trading account assets
$0Bank premises and fixed assets
$794Other real estate owned
$122Goodwill and other intangibles
$596Life insurance assets
$400All other assets
$0Total liabilities and capital
$21,923Total liabilities
$20,175Total deposits
$19,979Interest-bearing deposits
$11,516Deposits held in domestic offices
19979.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$196Total equity capital
$196Total bank equity capital
$1,748Perpetual preferred stock
$0Common stock
$300Surplus
$1,345Undivided profits
Memoranda
$103Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$56Income earned, not collected on loans
$82Earning assets
$18,180Long-term assets (5+ years)
$1,239Average Assets, year-to-date
$22,615Average Assets, quarterly
$21,951Volatile liabilities
$804Insider loans
$0FHLB advances
$0Loans and leases held for sale
$103Unused loan commitments
$2,199Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,406Total risk weighted assets
$14,236Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$855Total interest expense
$225Net interest income
$630Provision for loan and lease losses
$0Total noninterest income
$376Fiduciary activities
$0Service charges on deposit accounts
$254Trading account gains & fees
$0Additional noninterest income
$122Total noninterest expense
$769Salaries and employee benefits
$337Premises and equipment expense
$141Additional noninterest expense
$291Pre-tax net operating income
$237Securities gains (losses)
$7Applicable income taxes
$83Income before extraordinary items
$161Extraordinary gains - net
$0Net income attributable to bank
$161Net charge-offs
-$28Cash dividends
$1,796Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
4.57%Cost of funding earning assets
1.20%Net interest margin
3.37%Noninterest income to earning assets
2.01%Noninterest expense to earning assets
4.11%Net operating income to assets
0.69%Return on assets (ROA)
0.71%Pretax return on assets
1.08%Return on equity (ROE)
6.04%Retained earnings to average equity (YTD only)
-61.32%Net charge-offs to loans
-0.23%Credit loss provision to net charge-offs
0.00%Efficiency ratio
75,249Assets per employee
1.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
1115.53%Loss allowance to loans
2.82%Loss allowance to noncurrent loans
571.43%Noncurrent assets plus other real estate owned to assets
0.81%Noncurrent loans to loans
0.49%Net loans and leases to deposits
55.18%Net loans and leases to core deposits
57.50%Equity capital to assets
7.97%Core capital (leverage) ratio
6.47%Tier 1 risk-based capital ratio
9.88%Total risk-based capital ratio
Memoranda
$11Average assets
$22,615Average earning assets
$2,666Average equity
$18,713Average loans

First Continental Bank of Grand Prairie National Association in Grand Prairie, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Continental Bank of Grand Prairie National Association - Overview

Assets and Liabilities (December 31, 1995)

Income and Expense (December 31, 1995)

Performance and Condition Ratios (December 31, 1995)

Comment about this bank, ask questions, or add new information about it:

First Continental Bank of Grand Prairie National Association in Grand Prairie, Texas (TX)Overview, Financial Summary, Detailed Financial Reports, Branches

First Continental Bank of Grand Prairie National Association - Overview

Assets and Liabilities (December 31, 1995)

Income and Expense (December 31, 1995)

Performance and Condition Ratios (December 31, 1995)

Comment about this bank, ask questions, or add new information about it:

First Continental Bank of Grand Prairie National Association in Grand Prairie, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches