First National Bank in Groesbeck, Texas (TX)



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First National Bank
GeneralFDIC Certificate #: 23891
Status: Active
Federal Reserve ID: 276355
Bank Holding Company (Regulatory Top Holder): First Groesbeck Holding Company (RSSDID: 1109357, Location: Groesbeck, TX)
Date Established: June 18, 1982
WWW: http://www.fnbgroesbeck.com
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: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 16690
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: No
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: June 18, 1982
Last Structure Change Effective Date: December 03, 2008
Last Structure Change Process Date: December 09, 2008
Last Data Update: December 09, 2008
Data Source Date: April 05, 2012
LocationAddress: 409 South Ellis Street, Groesbeck, TX 76642
County: Limestone
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
History of ChangesChange in Location
Financial SummaryTotal assets: $52.7 mil
Equity capital: $4.8 mil
Deposits held in domestic offices: $47.7 mil
Return on assets (ROA): 0.49% ($0.3 mil)
Quarterly return on assets: 0.70% ($0.4 mil)
Return on Equity (ROE): 5.36% ($0.3 mil)
Quarterly return on equity: 7.68% ($0.4 mil)
Net income: $0.3 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.69% ($363.6 mil)
Quarterly Pretax return on assets: 0.94% ($495.4 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)17
Total assets$52,699
Cash and due from depository institutions$8,920
Interest-bearing balances$6,715
Securities$10,408
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$32,022
Loan loss allowance $471
Trading account assets$0
Bank premises and fixed assets$243
Other real estate owned$565
Goodwill and other intangibles$0
All other assets$541
Life insurance assets$52,699
Total liabilities and capital$47,875
Total liabilities$47,735
Total deposits$35,540
Interest-bearing deposits$47,735
Deposits held in domestic offices$98
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $140
All other liabilities $4,824
Total equity capital$4,824
Total bank equity capital$4,824
Perpetual preferred stock$0
Common stock$1,150
Surplus$1,150
Undivided profits $2,524
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 $153
Earning assets $0
Long-term assets (5+ years) $296
Average Assets, year-to-date $49,145
Average Assets, quarterly $17,544
Volatile liabilities $52,129
Insider loans $52,975
FHLB advances $27,145
Loans and leases held for sale $53,219
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $4,824
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $760
Derivatives$1,738
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,549
Total interest expense $490
Net interest income $2,059
Provision for loan and lease losses $100
Total noninterest income $453
Fiduciary activities $0
Service charges on deposit accounts $259
Trading account gains & fees $0
Additional noninterest income $194
Total noninterest expense $2,052
Salaries and employee benefits $944
Premises and equipment expense $141
Additional noninterest expense $967
Pre-tax net operating income $360
Securities gains (losses) $0
Applicable income taxes $103
Income before extraordinary items $257
Extraordinary gains - net $0
Net income attributable to bank $257
Net charge-offs $0
Cash dividends $257
Sale, conversion, retirement of capital stock, net $105
Net operating income $138
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.25%
Cost of funding earning assets 1.01%
Net interest margin 4.24%
Noninterest income to earning assets 0.93%
Noninterest expense to earning assets 4.23%
Net operating income to assets 0.49%
Return on assets (ROA) 0.49%
Pretax return on assets 0.69%
Return on equity (ROE) 5.36%
Retained earnings to average equity (YTD only) 2.48%
Net charge-offs to loans 0.32%
Credit loss provision to net charge-offs 95.24%
Efficiency ratio4.38%
Assets per employee$81,688
Cash dividends to net income (YTD only)3.10%
Condition Ratios (%)
Loss allowance to loans 53.70%
Loss allowance to noncurrent loans 1.45%
Noncurrent assets plus other real estate owned to assets 307.84%
Noncurrent loans to loans 1.36%
Net loans and leases to deposits0.47%
Net loans and leases to core deposits 67.08%
Equity capital to assets 70.58%
Core capital (leverage) ratio 9.15%
Tier 1 risk-based capital ratio 9.06%
Total risk-based capital ratio 17.77%
Memoranda
Average assets$19
Average earning assets$52,129
Average equity $4,792
Average loans $48,547
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1 Texas Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
016690First National Bank409 South Ellis Street, Groesbeck, TX 76642June 18, 1982Full Service Brick and Mortar
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