First National Bank of Hereford in city_name, state_name - Detailed Financial Reports, Location

First National Bank of Hereford in Hereford, Texas (TX)
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First National Bank of Hereford routing number info

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
WWW: http://www.fnbhereford.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: 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

No	ID	Name	Address	Established	Service Type
0	62035	First National Bank Of Hereford	301 West Third, Hereford, TX 79045	December 06, 1999	Full Service Brick and Mortar
1	363299	Friona Branch	710 West 11th, Friona, TX 79035	March 04, 2002	Full Service Brick and Mortar
2	493012	North Branch	403 N 25 Mile Avenue, Hereford, TX 79045	November 01, 2008	Full Service Brick and Mortar

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

First National Bank of Hereford - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

First National Bank of Hereford - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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