First Federal Community Bank in Paris, Texas (TX)



Show street view No street view available for this location
Table of contents:
First Federal Community Bank
GeneralFDIC Certificate #: 27678
Status: Active
Federal Reserve ID: 898579
Date Established: January 01, 1922
WWW: http://www.1st-fed.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 100
FDIC's unique #: 40512
Numeric code: 38
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: January 10, 1935
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 630 Clarksville St, Paris, TX 75460
County: Lamar
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
Core Based Statistical Area (CBSA): Paris, TX (#37580)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $353.1 mil
Equity capital: $32.5 mil
Deposits held in domestic offices: $307.9 mil
Return on assets (ROA): 0.45% ($1.6 mil)
Quarterly return on assets: 0.82% ($2.9 mil)
Return on Equity (ROE): 5.18% ($1.7 mil)
Quarterly return on equity: 9.05% ($2.9 mil)
Net income: $1.6 mil
Quarterly Net income: $0.7 mil
Pretax return on assets: 0.67% ($2,366.0 mil)
Quarterly Pretax return on assets: 1.21% ($4,272.8 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)
Total employees (full-time equivalent)95
Total assets$353,127
Cash and due from depository institutions$14,001
Interest-bearing balances$11,805
Securities$28,750
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$284,593
Loan loss allowance $4,232
Trading account assets$0
Bank premises and fixed assets$10,298
Other real estate owned$2,105
Goodwill and other intangibles$0
All other assets$13,380
Life insurance assets$353,126
Total liabilities and capital$320,627
Total liabilities$307,909
Total deposits$295,513
Interest-bearing deposits$307,909
Deposits held in domestic offices$93
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$11,154
Other borrowed funds $0
Subordinated debt $1,564
All other liabilities $32,499
Total equity capital$32,499
Total bank equity capital$32,499
Perpetual preferred stock$0
Common stock$0
Surplus$0
Undivided profits $32,499
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $4,092
Earning assets $0
Long-term assets (5+ years) $1,722
Average Assets, year-to-date $325,148
Average Assets, quarterly $0
Volatile liabilities $355,994
Insider loans $356,015
FHLB advances $225,866
Loans and leases held for sale $353,061
Unused loan commitments $6,680
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $32,433
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $10,331
Derivatives$2,488
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $19,126
Total interest expense $5,008
Net interest income $14,118
Provision for loan and lease losses $3,224
Total noninterest income $1,898
Fiduciary activities $0
Service charges on deposit accounts $1,326
Trading account gains & fees $0
Additional noninterest income $572
Total noninterest expense $10,566
Salaries and employee benefits $6,093
Premises and equipment expense $2,363
Additional noninterest expense $2,110
Pre-tax net operating income $2,226
Securities gains (losses) $157
Applicable income taxes $769
Income before extraordinary items $1,614
Extraordinary gains - net $0
Net income attributable to bank $1,614
Net charge-offs $0
Cash dividends $1,614
Sale, conversion, retirement of capital stock, net -$287
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.85%
Cost of funding earning assets 1.53%
Net interest margin 4.32%
Noninterest income to earning assets 0.58%
Noninterest expense to earning assets 3.23%
Net operating income to assets 0.42%
Return on assets (ROA) 0.45%
Pretax return on assets 0.67%
Return on equity (ROE) 5.18%
Retained earnings to average equity (YTD only) 5.18%
Net charge-offs to loans -0.10%
Credit loss provision to net charge-offs -1123.34%
Efficiency ratio0.00%
Assets per employee$65,972
Cash dividends to net income (YTD only)3.72%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.47%
Noncurrent assets plus other real estate owned to assets 103.42%
Noncurrent loans to loans 1.73%
Net loans and leases to deposits1.42%
Net loans and leases to core deposits 92.43%
Equity capital to assets 100.96%
Core capital (leverage) ratio 9.20%
Tier 1 risk-based capital ratio 9.19%
Total risk-based capital ratio 14.36%
Memoranda
Average assets$16
Average earning assets$355,994
Average equity $31,175
Average loans $326,808
Back to page top, Back to table top

4 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
040512First Federal Community Bank630 Clarksville St, Paris, TX 75460January 01, 1922Full Service Brick and Mortar
22628131902 W Main1902 W Main, Clarksville, TX 75426January 01, 1922Full Service Brick and Mortar
100262814Mount Pleasant Branch805 North Madison, Mount Pleasant, TX 75455June 30, 1988Full Service Brick and Mortar
101463837Paris Branch3010 Ne Loop 286, Paris, TX 75460October 01, 1999Full Service Brick and Mortar
Back to page top

User Contributions:

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

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Federal Community Bank.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.