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

This bank is inactive as of Febuary 21, 2009

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

  • General
  • FDIC Certificate #: 16770
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Security Bank (#13408)
    Federal Reserve ID: 168366
    Date Established: March 01, 1949
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 10882
    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: March 01, 1949
    Last Structure Change Effective Date: Febuary 21, 2009
    Last Structure Change Process Date: March 03, 2009
    Last Data Update: March 03, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 307 South Main Street, Monahans, TX 79756
    County: Ward
    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
  • Financial Summary
  • Total assets: $228.7 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, 2008)

  • Dollar figures in thousands
  • 58Total employees (full-time equivalent)
  • $228,663Total assets
  • $6,692Cash and due from depository institutions
  • $210Interest-bearing balances
  • $27,578Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $149,505Net loans & leases
  • $2,014Loan loss allowance
  • $0Trading account assets
  • $8,435Bank premises and fixed assets
  • $1,078Other real estate owned
  • $26,264Goodwill and other intangibles
  • $6,552Life insurance assets
  • $9,111All other assets
  • $228,663Total liabilities and capital
  • $179,925Total liabilities
  • $177,627Total deposits
  • $127,801Interest-bearing deposits
  • $177,627Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,298All other liabilities
  • $48,738Total equity capital
  • $48,738Total bank equity capital
  • $48,738Perpetual preferred stock
  • $0Common stock
  • $240Surplus
  • $35,469Undivided profits
  • Memoranda
  • $13,029Noncurrent loans and leases
  • $20,333Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,757Earning assets
  • $612Long-term assets (5+ years)
  • $1,069Average Assets, year-to-date
  • $177,293Average Assets, quarterly
  • $37,885Volatile liabilities
  • $237,211Insider loans
  • $227,087FHLB advances
  • $55,680Loans and leases held for sale
  • $3,093Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $20,333Total unused commitments
  • $0Restructured Loans and leases
  • $1,968Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $13,574Total interest income
  • $5,073Total interest expense
  • $8,501Net interest income
  • $1,501Provision for loan and lease losses
  • $2,229Total noninterest income
  • $0Fiduciary activities
  • $876Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,353Additional noninterest income
  • $9,739Total noninterest expense
  • $5,161Salaries and employee benefits
  • $1,424Premises and equipment expense
  • $3,154Additional noninterest expense
  • -$510Pre-tax net operating income
  • $89Securities gains (losses)
  • $0Applicable income taxes
  • -$421Income before extraordinary items
  • $0Extraordinary gains - net
  • -$421Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,940Sale, conversion, retirement of capital stock, net
  • $1,607Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.67%Yield on earning assets
  • 2.49%Cost of funding earning assets
  • 4.17%Net interest margin
  • 1.09%Noninterest income to earning assets
  • 4.78%Noninterest expense to earning assets
  • -0.21%Net operating income to assets
  • -0.18%Return on assets (ROA)
  • -0.18%Pretax return on assets
  • -1.45%Return on equity (ROE)
  • -6.99%Retained earnings to average equity (YTD only)
  • 1.20%Net charge-offs to loans
  • 77.37%Credit loss provision to net charge-offs
  • 0.51%Efficiency ratio
  • 90,764Assets per employee
  • 3.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -381.71%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 42.34%Noncurrent assets plus other real estate owned to assets
  • 2.55%Noncurrent loans to loans
  • 3.14%Net loans and leases to deposits
  • 84.17%Net loans and leases to core deposits
  • 121.60%Equity capital to assets
  • 21.31%Core capital (leverage) ratio
  • 9.84%Tier 1 risk-based capital ratio
  • 13.26%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $237,211Average earning assets
  • $29,012Average equity
  • $203,644Average loans

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