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

  • First National Bank of Hereford in Hereford, Texas (TX)
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First National Bank of Hereford - Overview

  • General
  • FDIC Certificate #: 34918
    Status: Active
    Federal Reserve ID: 2759629
    Bank Holding Company (Regulatory Top Holder): La Plata Bancshares, Inc. (RSSDID: 2759601, Location: Hereford, TX)
    Date Established: December 06, 1999
    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: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 62035
    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: December 06, 1999
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: April 17, 2008
    Last Data Update: April 17, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 301 West Third, Hereford, TX 79045
    County: Deaf Smith
    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
    Core Based Statistical Area (CBSA): Hereford, TX (#25820)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $128.9 mil
    Equity capital: $11.5 mil
    Deposits held in domestic offices: $111.3 mil
    Return on assets (ROA): 1.10% ($1.4 mil)
    Quarterly return on assets: 1.02% ($1.3 mil)
    Return on Equity (ROE): 11.84% ($1.4 mil)
    Quarterly return on equity: 11.14% ($1.3 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.23% ($1,585.9 mil)
    Quarterly Pretax return on assets: 1.10% ($1,418.3 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
  • 31Total employees (full-time equivalent)
  • $128,935Total assets
  • $16,658Cash and due from depository institutions
  • $9,314Interest-bearing balances
  • $17,977Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $87,040Net loans & leases
  • $1,150Loan loss allowance
  • $0Trading account assets
  • $2,358Bank premises and fixed assets
  • $386Other real estate owned
  • $0Goodwill and other intangibles
  • $128,935Life insurance assets
  • $4,516All other assets
  • $117,386Total liabilities and capital
  • $111,256Total liabilities
  • $78,492Total deposits
  • $111,256Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,791Trading liabilities
  • $0Other borrowed funds
  • $339Subordinated debt
  • $11,549All other liabilities
  • $11,549Total equity capital
  • $11,549Total bank equity capital
  • $0Perpetual preferred stock
  • $2,000Common stock
  • $2,509Surplus
  • $7,040Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $136Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,669Income earned, not collected on loans
  • $376Earning assets
  • $1,215Long-term assets (5+ years)
  • $114,331Average Assets, year-to-date
  • $29,322Average Assets, quarterly
  • $124,819Volatile liabilities
  • $128,418Insider loans
  • $95,245FHLB advances
  • $125,328Loans and leases held for sale
  • $1,629Unused loan commitments
  • $1,629Tier 1 (core) risk-based capital
  • $11,429Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $39,692Restructured Loans and leases
  • $6,385Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,259Total interest income
  • $774Total interest expense
  • $4,485Net interest income
  • $154Provision for loan and lease losses
  • $585Total noninterest income
  • $0Fiduciary activities
  • $496Service charges on deposit accounts
  • $0Trading account gains & fees
  • $89Additional noninterest income
  • $3,236Total noninterest expense
  • $1,664Salaries and employee benefits
  • $421Premises and equipment expense
  • $1,151Additional noninterest expense
  • $1,680Pre-tax net operating income
  • -$146Securities gains (losses)
  • $166Applicable income taxes
  • $1,368Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,368Net income attributable to bank
  • $0Net charge-offs
  • $1,368Cash dividends
  • $126Sale, conversion, retirement of capital stock, net
  • $1,329Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.70%Yield on earning assets
  • 0.69%Cost of funding earning assets
  • 4.01%Net interest margin
  • 0.52%Noninterest income to earning assets
  • 2.89%Noninterest expense to earning assets
  • 1.20%Net operating income to assets
  • 1.10%Return on assets (ROA)
  • 1.23%Pretax return on assets
  • 11.84%Return on equity (ROE)
  • 0.34%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 122.22%Credit loss provision to net charge-offs
  • 14.56%Efficiency ratio
  • 63,826Assets per employee
  • 4.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 97.15%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 68.90%Noncurrent assets plus other real estate owned to assets
  • 1.59%Noncurrent loans to loans
  • 1.89%Net loans and leases to deposits
  • 78.23%Net loans and leases to core deposits
  • 85.92%Equity capital to assets
  • 8.96%Core capital (leverage) ratio
  • 9.12%Tier 1 risk-based capital ratio
  • 12.00%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $124,819Average earning assets
  • $11,558Average equity
  • $111,807Average loans

List of branches

  • 3 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    062035First National Bank Of Hereford301 West Third, Hereford, TX 79045December 06, 1999Full Service Brick and Mortar
    1363299Friona Branch710 West 11th, Friona, TX 79035March 04, 2002Full Service Brick and Mortar
    2493012North Branch403 N 25 Mile Avenue, Hereford, TX 79045November 01, 2008Full Service Brick and Mortar

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