First National Bank in George West, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank - Overview

  • General
  • FDIC Certificate #: 13919
    Status: Active
    Federal Reserve ID: 521158
    Bank Holding Company (Regulatory Top Holder): Live Oak Bancshares Corporation (RSSDID: 1105685, Location: George West, TX)
    Date Established: Febuary 17, 1934
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 8705
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 20, 1934
    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: 601 Guadalupe Street, George West, TX 78022
    County: Live Oak
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Austin
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $230.2 mil
    Equity capital: $24.3 mil
    Deposits held in domestic offices: $204.7 mil
    Return on assets (ROA): 2.24% ($5.2 mil)
    Quarterly return on assets: 1.81% ($4.2 mil)
    Return on Equity (ROE): 21.45% ($5.1 mil)
    Quarterly return on equity: 17.16% ($4.1 mil)
    Net income: $4.8 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 2.24% ($5,156.2 mil)
    Quarterly Pretax return on assets: 1.81% ($4,166.4 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
  • 65Total employees (full-time equivalent)
  • $230,188Total assets
  • $9,672Cash and due from depository institutions
  • $4,846Interest-bearing balances
  • $73,360Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $139,621Net loans & leases
  • $3,133Loan loss allowance
  • $0Trading account assets
  • $4,677Bank premises and fixed assets
  • $696Other real estate owned
  • $0Goodwill and other intangibles
  • $230,188Life insurance assets
  • $2,162All other assets
  • $205,899Total liabilities and capital
  • $204,730Total liabilities
  • $147,053Total deposits
  • $204,730Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,169Subordinated debt
  • $24,289All other liabilities
  • $24,289Total equity capital
  • $24,289Total bank equity capital
  • $0Perpetual preferred stock
  • $550Common stock
  • $2,350Surplus
  • $21,389Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $926Income earned, not collected on loans
  • $0Earning assets
  • $599Long-term assets (5+ years)
  • $217,827Average Assets, year-to-date
  • $54,745Average Assets, quarterly
  • $212,264Volatile liabilities
  • $226,573Insider loans
  • $156,556FHLB advances
  • $229,242Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $22,746Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,413Restructured Loans and leases
  • $2,783Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,951Total interest income
  • $1,164Total interest expense
  • $9,787Net interest income
  • $315Provision for loan and lease losses
  • $1,629Total noninterest income
  • $0Fiduciary activities
  • $964Service charges on deposit accounts
  • $0Trading account gains & fees
  • $665Additional noninterest income
  • $6,336Total noninterest expense
  • $3,934Salaries and employee benefits
  • $871Premises and equipment expense
  • $1,531Additional noninterest expense
  • $4,765Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $4,765Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,765Net income attributable to bank
  • $0Net charge-offs
  • $4,765Cash dividends
  • $195Sale, conversion, retirement of capital stock, net
  • $1,614Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.47%Yield on earning assets
  • 0.58%Cost of funding earning assets
  • 4.89%Net interest margin
  • 0.81%Noninterest income to earning assets
  • 3.17%Noninterest expense to earning assets
  • 2.24%Net operating income to assets
  • 2.24%Return on assets (ROA)
  • 2.24%Pretax return on assets
  • 21.45%Return on equity (ROE)
  • 14.19%Retained earnings to average equity (YTD only)
  • 0.14%Net charge-offs to loans
  • 161.54%Credit loss provision to net charge-offs
  • 26.05%Efficiency ratio
  • 55,501Assets per employee
  • 3.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 33.87%Loss allowance to loans
  • 2.19%Loss allowance to noncurrent loans
  • 338.34%Noncurrent assets plus other real estate owned to assets
  • 0.70%Noncurrent loans to loans
  • 0.65%Net loans and leases to deposits
  • 68.20%Net loans and leases to core deposits
  • 76.22%Equity capital to assets
  • 10.55%Core capital (leverage) ratio
  • 9.92%Tier 1 risk-based capital ratio
  • 14.53%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $212,264Average earning assets
  • $22,211Average equity
  • $200,176Average loans

List of branches

  • 4 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08705First National Bank601 Guadalupe Street, George West, TX 78022Febuary 17, 1934Full Service Brick and Mortar
    1230642Three Rivers Branch803 Harborth Avenue, Three Rivers, TX 78071Febuary 04, 1991Full Service Brick and Mortar
    2230643Floresville Branch545 Tenth Street, Floresville, TX 78114August 11, 1997Full Service Brick and Mortar
    3362807San Antonio Branch144 Moursund Boulevard, San Antonio, TX 78221November 04, 2001Full Service Brick and Mortar

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