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

This bank is inactive as of Febuary 11, 2005

  • First National Bank in Lubbock, Texas (TX)
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First National Bank - Overview

  • General
  • FDIC Certificate #: 25881
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Western Bank (#1720)
    Federal Reserve ID: 172354
    Date Established: January 22, 1985
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 32124
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 22, 1985
    Last Structure Change Effective Date: Febuary 11, 2005
    Last Structure Change Process Date: March 24, 2005
    Last Data Update: March 24, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 5701 82nd Street, Lubbock, TX 79464
    County: Lubbock
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Lubbock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Lubbock, TX (#4600)
    Combined Statistical Area (CSA): Lubbock-Levelland, TX (#352)
    Core Based Statistical Area (CBSA): Lubbock, TX (#31180)
    CBSA Metro Statistical Area: Lubbock, TX (#31180)
  • Financial Summary
  • Total assets: $31.5 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, 2004)

  • Dollar figures in thousands
  • 12Total employees (full-time equivalent)
  • $31,479Total assets
  • $1,666Cash and due from depository institutions
  • $0Interest-bearing balances
  • $5,963Securities
  • $40Federal funds sold & reverse repurchase agreements
  • $19,134Net loans & leases
  • $1,216Loan loss allowance
  • $0Trading account assets
  • $979Bank premises and fixed assets
  • $405Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,292All other assets
  • $31,479Total liabilities and capital
  • $29,782Total liabilities
  • $29,501Total deposits
  • $22,943Interest-bearing deposits
  • $29,501Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $281All other liabilities
  • $1,697Total equity capital
  • $1,697Total bank equity capital
  • $1,697Perpetual preferred stock
  • $0Common stock
  • $1,646Surplus
  • $4,336Undivided profits
  • Memoranda
  • $-4,285Noncurrent loans and leases
  • $941Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,671Earning assets
  • $16Long-term assets (5+ years)
  • $378Average Assets, year-to-date
  • $25,137Average Assets, quarterly
  • $6,491Volatile liabilities
  • $36,346Insider loans
  • $33,194FHLB advances
  • $13,326Loans and leases held for sale
  • $374Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $941Total unused commitments
  • $60Restructured Loans and leases
  • $284Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $1,716Total interest income
  • $670Total interest expense
  • $1,046Net interest income
  • $3,789Provision for loan and lease losses
  • -$208Total noninterest income
  • $0Fiduciary activities
  • $147Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$355Additional noninterest income
  • $2,202Total noninterest expense
  • $611Salaries and employee benefits
  • $202Premises and equipment expense
  • $1,389Additional noninterest expense
  • -$5,153Pre-tax net operating income
  • $0Securities gains (losses)
  • -$1,752Applicable income taxes
  • -$3,402Income before extraordinary items
  • $0Extraordinary gains - net
  • -$3,402Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $5,344Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.63%Yield on earning assets
  • 2.20%Cost of funding earning assets
  • 3.43%Net interest margin
  • -0.68%Noninterest income to earning assets
  • 7.22%Noninterest expense to earning assets
  • -9.36%Net operating income to assets
  • -9.36%Return on assets (ROA)
  • -14.18%Pretax return on assets
  • -159.02%Return on equity (ROE)
  • -159.02%Retained earnings to average equity (YTD only)
  • 21.48%Net charge-offs to loans
  • 70.90%Credit loss provision to net charge-offs
  • -0.26%Efficiency ratio
  • 262,768Assets per employee
  • 2.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.98%Loss allowance to noncurrent loans
  • 26.03%Noncurrent assets plus other real estate owned to assets
  • 16.13%Noncurrent loans to loans
  • 22.95%Net loans and leases to deposits
  • 64.86%Net loans and leases to core deposits
  • 118.29%Equity capital to assets
  • 5.39%Core capital (leverage) ratio
  • 0.95%Tier 1 risk-based capital ratio
  • 1.39%Total risk-based capital ratio
  • Memoranda
  • $3Average assets
  • $36,346Average earning assets
  • $2,139Average equity
  • $30,495Average loans

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