First National Bank in Rotan, Texas (TX)

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First National Bank
GeneralFDIC Certificate #: 34455
Status: Active
Federal Reserve ID: 2490285
Bank Holding Company (Regulatory Top Holder): Rotan Bancshares, Inc. (RSSDID: 2487913, Location: Rotan, TX)
Date Established: April 01, 1997
Trust Powers Granted: Yes
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 #: 57219
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 01, 1997
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: 118 North Garfield Street, Rotan, TX 79546
County: Fisher
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: $84.1 mil
Equity capital: $6.8 mil
Deposits held in domestic offices: $76.3 mil
Return on assets (ROA): 1.14% ($1.0 mil)
Quarterly return on assets: 1.45% ($1.2 mil)
Return on Equity (ROE): 13.39% ($0.9 mil)
Quarterly return on equity: 18.22% ($1.3 mil)
Net income: $0.8 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.14% ($958.7 mil)
Quarterly Pretax return on assets: 1.45% ($1,219.4 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$84,097
Cash and due from depository institutions$2,563
Interest-bearing balances$1,079
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$24,125
Loan loss allowance $598
Trading account assets$0
Bank premises and fixed assets$193
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,178
Life insurance assets$84,097
Total liabilities and capital$77,322
Total liabilities$76,331
Total deposits$63,003
Interest-bearing deposits$76,331
Deposits held in domestic offices$84
% insured (estimated)885.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $106
All other liabilities $6,775
Total equity capital$6,775
Total bank equity capital$6,775
Perpetual preferred stock$0
Common stock$1,000
Undivided profits $3,775
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 $304
Earning assets $0
Long-term assets (5+ years) $728
Average Assets, year-to-date $81,242
Average Assets, quarterly $38,632
Volatile liabilities $72,035
Insider loans $83,804
FHLB advances $35,652
Loans and leases held for sale $85,733
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $5,988
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,734
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,837
Total interest expense $639
Net interest income $2,198
Provision for loan and lease losses $135
Total noninterest income $437
Fiduciary activities $0
Service charges on deposit accounts $260
Trading account gains & fees $0
Additional noninterest income $177
Total noninterest expense $1,808
Salaries and employee benefits $1,134
Premises and equipment expense $83
Additional noninterest expense $591
Pre-tax net operating income $692
Securities gains (losses) $131
Applicable income taxes $0
Income before extraordinary items $823
Extraordinary gains - net $0
Net income attributable to bank $823
Net charge-offs $0
Cash dividends $823
Sale, conversion, retirement of capital stock, net $25
Net operating income $300
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.09%
Cost of funding earning assets 0.92%
Net interest margin 3.17%
Noninterest income to earning assets 0.63%
Noninterest expense to earning assets 2.61%
Net operating income to assets 0.96%
Return on assets (ROA) 1.14%
Pretax return on assets 1.14%
Return on equity (ROE) 13.39%
Retained earnings to average equity (YTD only) 8.51%
Net charge-offs to loans 0.09%
Credit loss provision to net charge-offs 540.00%
Efficiency ratio33.08%
Assets per employee$68,615
Cash dividends to net income (YTD only)4.95%
Condition Ratios (%)
Loss allowance to loans 36.45%
Loss allowance to noncurrent loans 2.42%
Noncurrent assets plus other real estate owned to assets 196.71%
Noncurrent loans to loans 0.36%
Net loans and leases to deposits1.23%
Net loans and leases to core deposits 31.61%
Equity capital to assets 31.82%
Core capital (leverage) ratio 8.06%
Tier 1 risk-based capital ratio 6.98%
Total risk-based capital ratio 16.80%
Average assets$18
Average earning assets$72,035
Average equity $6,148
Average loans $69,366
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1 Texas Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
057219First National Bank118 North Garfield Street, Rotan, TX 79546April 01, 1997Full Service Brick and Mortar
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