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


First National Bank - Overview

  • General
  • FDIC Certificate #: 26219
    Status: Active
    Federal Reserve ID: 266066
    Bank Holding Company (Regulatory Top Holder): Spearman Bancshares, Inc. (RSSDID: 1840351, Location: Spearman, TX)
    Date Established: April 24, 1985
    WWW: http://www.fnbhome.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: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 32551
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: April 24, 1985
    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: 729 West Seventh Street, Spearman, TX 79081
    County: Hansford
    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
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $160.1 mil
    Equity capital: $15.2 mil
    Deposits held in domestic offices: $137.9 mil
    Return on assets (ROA): 1.28% ($2.0 mil)
    Quarterly return on assets: 0.17% ($0.3 mil)
    Return on Equity (ROE): 14.11% ($2.1 mil)
    Quarterly return on equity: 1.73% ($0.3 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 1.29% ($2,065.0 mil)
    Quarterly Pretax return on assets: 0.17% ($272.1 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
  • 33Total employees (full-time equivalent)
  • $160,074Total assets
  • $10,773Cash and due from depository institutions
  • $7,671Interest-bearing balances
  • $59,479Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $82,215Net loans & leases
  • $1,066Loan loss allowance
  • $0Trading account assets
  • $2,909Bank premises and fixed assets
  • $166Other real estate owned
  • $0Goodwill and other intangibles
  • $160,073Life insurance assets
  • $4,532All other assets
  • $144,834Total liabilities and capital
  • $137,880Total liabilities
  • $111,442Total deposits
  • $137,880Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 200.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,381Trading liabilities
  • $0Other borrowed funds
  • $1,373Subordinated debt
  • $15,239All other liabilities
  • $15,239Total equity capital
  • $15,239Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $1,000Surplus
  • $13,239Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,139Income earned, not collected on loans
  • $12Earning assets
  • $958Long-term assets (5+ years)
  • $149,365Average Assets, year-to-date
  • $71,870Average Assets, quarterly
  • $155,975Volatile liabilities
  • $159,821Insider loans
  • $96,852FHLB advances
  • $155,992Loans and leases held for sale
  • $2,438Unused loan commitments
  • $2,438Tier 1 (core) risk-based capital
  • $13,468Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $22,942Restructured Loans and leases
  • $2,702Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,092Total interest income
  • $1,301Total interest expense
  • $5,791Net interest income
  • $924Provision for loan and lease losses
  • $570Total noninterest income
  • $0Fiduciary activities
  • $263Service charges on deposit accounts
  • $0Trading account gains & fees
  • $307Additional noninterest income
  • $3,550Total noninterest expense
  • $2,012Salaries and employee benefits
  • $387Premises and equipment expense
  • $1,151Additional noninterest expense
  • $1,887Pre-tax net operating income
  • $123Securities gains (losses)
  • $10Applicable income taxes
  • $2,000Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,000Net income attributable to bank
  • $0Net charge-offs
  • $2,000Cash dividends
  • $708Sale, conversion, retirement of capital stock, net
  • $678Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.88%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 3.99%Net interest margin
  • 0.39%Noninterest income to earning assets
  • 2.44%Noninterest expense to earning assets
  • 1.20%Net operating income to assets
  • 1.28%Return on assets (ROA)
  • 1.29%Pretax return on assets
  • 14.11%Return on equity (ROE)
  • 9.33%Retained earnings to average equity (YTD only)
  • 0.86%Net charge-offs to loans
  • 130.51%Credit loss provision to net charge-offs
  • 3.97%Efficiency ratio
  • 55,809Assets per employee
  • 4.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 33.90%Loss allowance to loans
  • 1.28%Loss allowance to noncurrent loans
  • 93.59%Noncurrent assets plus other real estate owned to assets
  • 0.82%Noncurrent loans to loans
  • 1.37%Net loans and leases to deposits
  • 59.63%Net loans and leases to core deposits
  • 71.02%Equity capital to assets
  • 9.52%Core capital (leverage) ratio
  • 8.63%Tier 1 risk-based capital ratio
  • 13.91%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $155,975Average earning assets
  • $14,174Average equity
  • $145,270Average loans

List of branches

  • 2 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    032551First National Bank729 West Seventh Street, Spearman, TX 79081April 24, 1985Full Service Brick and Mortar
    1430598Dumas Banking Center Branch1201 E First St, Dumas, TX 79029October 02, 2002Full Service Brick and Mortar

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