First National Bank of Bosque County in Valley Mills, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank of Bosque County - Overview

  • General
  • FDIC Certificate #: 5564
    Status: Active
    Federal Reserve ID: 198961
    Bank Holding Company (Regulatory Top Holder): Valley Mills Financial Corporation (RSSDID: 1104110, Location: Valley Mills, TX)
    Date Established: August 01, 1908
    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: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 10253
    FDIC's unique #: 3785
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 05, 2008
    Last Structure Change Process Date: December 09, 2008
    Last Data Update: December 09, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 418 Avenue C, Valley Mills, TX 76689
    County: Bosque
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Dallas
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $100.6 mil
    Equity capital: $9.6 mil
    Deposits held in domestic offices: $90.0 mil
    Return on assets (ROA): 0.29% ($0.3 mil)
    Quarterly return on assets: -0.47% (-$0.5 mil)
    Return on Equity (ROE): 3.05% ($0.3 mil)
    Quarterly return on equity: -4.89% (-$0.5 mil)
    Net income: $0.3 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.29% ($291.6 mil)
    Quarterly Pretax return on assets: -0.47% (-$472.6 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
  • 36Total employees (full-time equivalent)
  • $100,558Total assets
  • $33,071Cash and due from depository institutions
  • $29,364Interest-bearing balances
  • $3,077Securities
  • $5,154Federal funds sold & reverse repurchase agreements
  • $53,180Net loans & leases
  • $800Loan loss allowance
  • $0Trading account assets
  • $1,150Bank premises and fixed assets
  • $124Other real estate owned
  • $0Goodwill and other intangibles
  • $100,558Life insurance assets
  • $4,802All other assets
  • $90,961Total liabilities and capital
  • $90,048Total liabilities
  • $70,257Total deposits
  • $90,048Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $727Trading liabilities
  • $0Other borrowed funds
  • $186Subordinated debt
  • $9,597All other liabilities
  • $9,597Total equity capital
  • $9,597Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $200Surplus
  • $9,197Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $487Income earned, not collected on loans
  • $0Earning assets
  • $325Long-term assets (5+ years)
  • $90,775Average Assets, year-to-date
  • $8,861Average Assets, quarterly
  • $99,470Volatile liabilities
  • $101,438Insider loans
  • $54,069FHLB advances
  • $101,878Loans and leases held for sale
  • $1,865Unused loan commitments
  • $1,865Tier 1 (core) risk-based capital
  • $9,549Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,153Restructured Loans and leases
  • $151Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,611Total interest income
  • $661Total interest expense
  • $2,950Net interest income
  • $111Provision for loan and lease losses
  • $687Total noninterest income
  • $0Fiduciary activities
  • $506Service charges on deposit accounts
  • $0Trading account gains & fees
  • $181Additional noninterest income
  • $3,233Total noninterest expense
  • $1,609Salaries and employee benefits
  • $337Premises and equipment expense
  • $1,287Additional noninterest expense
  • $293Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $293Income before extraordinary items
  • $0Extraordinary gains - net
  • $293Net income attributable to bank
  • $0Net charge-offs
  • $293Cash dividends
  • $61Sale, conversion, retirement of capital stock, net
  • $170Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.02%Yield on earning assets
  • 0.74%Cost of funding earning assets
  • 3.29%Net interest margin
  • 0.77%Noninterest income to earning assets
  • 3.60%Noninterest expense to earning assets
  • 0.29%Net operating income to assets
  • 0.29%Return on assets (ROA)
  • 0.29%Pretax return on assets
  • 3.05%Return on equity (ROE)
  • 1.28%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 181.97%Credit loss provision to net charge-offs
  • 6.62%Efficiency ratio
  • 88,892Assets per employee
  • 2.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.02%Loss allowance to loans
  • 1.48%Loss allowance to noncurrent loans
  • 164.27%Noncurrent assets plus other real estate owned to assets
  • 0.61%Noncurrent loans to loans
  • 0.90%Net loans and leases to deposits
  • 59.06%Net loans and leases to core deposits
  • 61.41%Equity capital to assets
  • 9.54%Core capital (leverage) ratio
  • 9.37%Tier 1 risk-based capital ratio
  • 17.66%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $99,470Average earning assets
  • $9,618Average equity
  • $89,719Average loans

List of branches

  • 4 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03785First National Bank Of Bosque County418 Avenue C, Valley Mills, TX 76689August 01, 1908Full Service Brick and Mortar
    117503Clifton BranchHighway 6 And Riverside Drive, Clifton, TX 76634June 14, 1984Full Service Brick and Mortar
    2207827Ranch House Branch8213 North Highway 6, Waco, TX 76712May 01, 1995Full Service Brick and Mortar
    3447342Meridian Branch115 South Main Street, Meridian, TX 76665December 01, 2005Full Service Brick and Mortar

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