FDIC Certificate #: 3115 Status: Inactive Closing history: Change in Geographic Region/Area/Territory/Field Office Acquiring institution:The First National Bank of Sterling City (#5538) Federal Reserve ID: 228952 Date Established: January 01, 1906 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) OTS Docket #: 11994 FDIC's unique #: 1989 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 22, 2008 Last Structure Change Process Date: April 01, 2008 Last Data Update: April 01, 2008 Data Source Date: April 05, 2012
Location
Address: 102 West Main Street, Bronte, TX 76933 County: Coke 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
Merger - Without Assistance
Change in Geographic Region/Area/Territory/Field Office
Financial Summary
Total assets: $25.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
10Total employees (full-time equivalent)
$25,747Total assets
$5,721Cash and due from depository institutions
$4,684Interest-bearing balances
$11,035Securities
$0Federal funds sold & reverse repurchase agreements
$8,326Net loans & leases
$117Loan loss allowance
$0Trading account assets
$248Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$417All other assets
$25,747Total liabilities and capital
$22,714Total liabilities
$22,475Total deposits
$18,885Interest-bearing deposits
$22,475Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$239All other liabilities
$3,033Total equity capital
$3,033Total bank equity capital
$3,033Perpetual preferred stock
$0Common stock
$50Surplus
$150Undivided profits
Memoranda
$2,833Noncurrent loans and leases
$1,260Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$124Average Assets, year-to-date
$24,045Average Assets, quarterly
$5,795Volatile liabilities
$23,747Insider loans
$24,826FHLB advances
$2,121Loans and leases held for sale
$118Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,260Total unused commitments
$0Restructured Loans and leases
$117Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$1,339Total interest income
$466Total interest expense
$873Net interest income
$5Provision for loan and lease losses
$241Total noninterest income
$0Fiduciary activities
$105Service charges on deposit accounts
$0Trading account gains & fees
$136Additional noninterest income
$878Total noninterest expense
$478Salaries and employee benefits
$137Premises and equipment expense
$263Additional noninterest expense
$231Pre-tax net operating income
-$5Securities gains (losses)
$54Applicable income taxes
$172Income before extraordinary items
$0Extraordinary gains - net
$172Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$13Sale, conversion, retirement of capital stock, net
$19Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.03%Yield on earning assets
2.10%Cost of funding earning assets
3.93%Net interest margin
1.09%Noninterest income to earning assets
3.95%Noninterest expense to earning assets
0.74%Net operating income to assets
0.72%Return on assets (ROA)
0.95%Pretax return on assets
5.98%Return on equity (ROE)
5.32%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
38.46%Credit loss provision to net charge-offs
18.15%Efficiency ratio
78,815Assets per employee
2.57%Cash dividends to net income (YTD only)
Condition Ratios (%)
11.05%Loss allowance to loans
1.39%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
37.05%Net loans and leases to core deposits
40.91%Equity capital to assets
11.78%Core capital (leverage) ratio
12.48%Tier 1 risk-based capital ratio
28.83%Total risk-based capital ratio
Memoranda
$30Average assets
$23,747Average earning assets
$2,876Average equity
$22,209Average loans
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