First National Bank in Spearman, Texas (TX)



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First National Bank
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Geographic Region/Area/Territory/Field Office
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)33
Total assets$160,074
Cash and due from depository institutions$10,773
Interest-bearing balances$7,671
Securities$59,479
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$82,215
Loan loss allowance $1,066
Trading account assets$0
Bank premises and fixed assets$2,909
Other real estate owned$166
Goodwill and other intangibles$0
All other assets$4,532
Life insurance assets$160,073
Total liabilities and capital$144,834
Total liabilities$137,880
Total deposits$111,442
Interest-bearing deposits$137,880
Deposits held in domestic offices$82
% insured (estimated)200.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,381
Other borrowed funds $0
Subordinated debt $1,373
All other liabilities $15,239
Total equity capital$15,239
Total bank equity capital$15,239
Perpetual preferred stock$0
Common stock$1,000
Surplus$1,000
Undivided profits $13,239
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 $1,139
Earning assets $12
Long-term assets (5+ years) $958
Average Assets, year-to-date $149,365
Average Assets, quarterly $71,870
Volatile liabilities $155,975
Insider loans $159,821
FHLB advances $96,852
Loans and leases held for sale $155,992
Unused loan commitments $2,438
Tier 1 (core) risk-based capital $2,438
Tier 2 risk-based capital $13,468
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $22,942
Derivatives$2,702
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,092
Total interest expense $1,301
Net interest income $5,791
Provision for loan and lease losses $924
Total noninterest income $570
Fiduciary activities $0
Service charges on deposit accounts $263
Trading account gains & fees $0
Additional noninterest income $307
Total noninterest expense $3,550
Salaries and employee benefits $2,012
Premises and equipment expense $387
Additional noninterest expense $1,151
Pre-tax net operating income $1,887
Securities gains (losses) $123
Applicable income taxes $10
Income before extraordinary items $2,000
Extraordinary gains - net $0
Net income attributable to bank $2,000
Net charge-offs $0
Cash dividends $2,000
Sale, conversion, retirement of capital stock, net $708
Net operating income $678
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.88%
Cost of funding earning assets 0.90%
Net interest margin 3.99%
Noninterest income to earning assets 0.39%
Noninterest expense to earning assets 2.44%
Net operating income to assets 1.20%
Return on assets (ROA) 1.28%
Pretax return on assets 1.29%
Return on equity (ROE) 14.11%
Retained earnings to average equity (YTD only) 9.33%
Net charge-offs to loans 0.86%
Credit loss provision to net charge-offs 130.51%
Efficiency ratio3.97%
Assets per employee$55,809
Cash dividends to net income (YTD only)4.85%
Condition Ratios (%)
Loss allowance to loans 33.90%
Loss allowance to noncurrent loans 1.28%
Noncurrent assets plus other real estate owned to assets 93.59%
Noncurrent loans to loans 0.82%
Net loans and leases to deposits1.37%
Net loans and leases to core deposits 59.63%
Equity capital to assets 71.02%
Core capital (leverage) ratio 9.52%
Tier 1 risk-based capital ratio 8.63%
Total risk-based capital ratio 13.91%
Memoranda
Average assets$15
Average earning assets$155,975
Average equity $14,174
Average loans $145,270
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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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