First National Bank in George West, Texas (TX)

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First National Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)65
Total assets$230,188
Cash and due from depository institutions$9,672
Interest-bearing balances$4,846
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$139,621
Loan loss allowance $3,133
Trading account assets$0
Bank premises and fixed assets$4,677
Other real estate owned$696
Goodwill and other intangibles$0
All other assets$2,162
Life insurance assets$230,188
Total liabilities and capital$205,899
Total liabilities$204,730
Total deposits$147,053
Interest-bearing deposits$204,730
Deposits held in domestic offices$79
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,169
All other liabilities $24,289
Total equity capital$24,289
Total bank equity capital$24,289
Perpetual preferred stock$0
Common stock$550
Undivided profits $21,389
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 $926
Earning assets $0
Long-term assets (5+ years) $599
Average Assets, year-to-date $217,827
Average Assets, quarterly $54,745
Volatile liabilities $212,264
Insider loans $226,573
FHLB advances $156,556
Loans and leases held for sale $229,242
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $22,746
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $10,413
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,951
Total interest expense $1,164
Net interest income $9,787
Provision for loan and lease losses $315
Total noninterest income $1,629
Fiduciary activities $0
Service charges on deposit accounts $964
Trading account gains & fees $0
Additional noninterest income $665
Total noninterest expense $6,336
Salaries and employee benefits $3,934
Premises and equipment expense $871
Additional noninterest expense $1,531
Pre-tax net operating income $4,765
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $4,765
Extraordinary gains - net $0
Net income attributable to bank $4,765
Net charge-offs $0
Cash dividends $4,765
Sale, conversion, retirement of capital stock, net $195
Net operating income $1,614
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.47%
Cost of funding earning assets 0.58%
Net interest margin 4.89%
Noninterest income to earning assets 0.81%
Noninterest expense to earning assets 3.17%
Net operating income to assets 2.24%
Return on assets (ROA) 2.24%
Pretax return on assets 2.24%
Return on equity (ROE) 21.45%
Retained earnings to average equity (YTD only) 14.19%
Net charge-offs to loans 0.14%
Credit loss provision to net charge-offs 161.54%
Efficiency ratio26.05%
Assets per employee$55,501
Cash dividends to net income (YTD only)3.54%
Condition Ratios (%)
Loss allowance to loans 33.87%
Loss allowance to noncurrent loans 2.19%
Noncurrent assets plus other real estate owned to assets 338.34%
Noncurrent loans to loans 0.70%
Net loans and leases to deposits0.65%
Net loans and leases to core deposits 68.20%
Equity capital to assets 76.22%
Core capital (leverage) ratio 10.55%
Tier 1 risk-based capital ratio 9.92%
Total risk-based capital ratio 14.53%
Average assets$16
Average earning assets$212,264
Average equity $22,211
Average loans $200,176
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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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