First Farmers and Merchants Bank in Kaufman, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 19, 1997

  • First Farmers and Merchants Bank in Kaufman, Texas (TX)
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First Farmers and Merchants Bank - Overview

  • General
  • FDIC Certificate #: 16722
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First State Bank of Texas (#10348)
    Federal Reserve ID: 354664
    Date Established: August 21, 1948
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 10844
    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: August 21, 1948
    Last Structure Change Effective Date: June 19, 1997
    Last Structure Change Process Date: July 28, 1997
    Last Data Update: July 28, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 North Washington Street, Kaufman, TX 75142
    County: Kaufman
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Kansas City
    FDIC Field Office: Dallas
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Dallas, TX (#1920)
    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: Dallas-Plano-Irving, TX (#19124)
  • Financial Summary
  • Total assets: $101.5 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $52Total assets
  • $102,559Cash and due from depository institutions
  • $4,874Interest-bearing balances
  • $0Securities
  • $41,070Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $50,901Loan loss allowance
  • $724Trading account assets
  • $0Bank premises and fixed assets
  • $3,660Other real estate owned
  • $0Goodwill and other intangibles
  • $1,116Life insurance assets
  • $938All other assets
  • $0Total liabilities and capital
  • $102,559Total liabilities
  • $94,010Total deposits
  • $91,062Interest-bearing deposits
  • $72,681Deposits held in domestic offices
  • 91062.00%% insured (estimated)
  • $85Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $948Total equity capital
  • $948Total bank equity capital
  • $8,549Perpetual preferred stock
  • $0Common stock
  • $1,150Surplus
  • $5,000Undivided profits
  • Memoranda
  • $2,399Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $207Income earned, not collected on loans
  • $303Earning assets
  • $91,971Long-term assets (5+ years)
  • $26,907Average Assets, year-to-date
  • $102,564Average Assets, quarterly
  • $102,139Volatile liabilities
  • $9,289Insider loans
  • $1,012FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,316Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $7,491Total risk weighted assets
  • $58,068Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $7,429Total interest expense
  • $2,976Net interest income
  • $4,453Provision for loan and lease losses
  • $0Total noninterest income
  • $1,346Fiduciary activities
  • $0Service charges on deposit accounts
  • $854Trading account gains & fees
  • $0Additional noninterest income
  • $492Total noninterest expense
  • $3,712Salaries and employee benefits
  • $1,756Premises and equipment expense
  • $609Additional noninterest expense
  • $1,347Pre-tax net operating income
  • $2,087Securities gains (losses)
  • $35Applicable income taxes
  • $564Income before extraordinary items
  • $1,558Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,558Net charge-offs
  • $37Cash dividends
  • $1,179Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.15%Cost of funding earning assets
  • 3.26%Net interest margin
  • 4.88%Noninterest income to earning assets
  • 1.48%Noninterest expense to earning assets
  • 4.07%Net operating income to assets
  • 1.49%Return on assets (ROA)
  • 1.52%Pretax return on assets
  • 2.07%Return on equity (ROE)
  • 18.24%Retained earnings to average equity (YTD only)
  • 4.44%Net charge-offs to loans
  • 0.09%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 62,045Assets per employee
  • 1.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 75.67%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 349.76%Noncurrent assets plus other real estate owned to assets
  • 0.20%Noncurrent loans to loans
  • 0.40%Net loans and leases to deposits
  • 55.90%Net loans and leases to core deposits
  • 60.76%Equity capital to assets
  • 8.34%Core capital (leverage) ratio
  • 7.39%Tier 1 risk-based capital ratio
  • 12.90%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $102,564Average earning assets
  • $8,542Average equity
  • $91,205Average loans

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