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

This bank is inactive as of December 31, 2010

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

General
FDIC Certificate #: 26920
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: InterBank (#27210)
Federal Reserve ID: 717867
Date Established: March 12, 1987
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)
FDIC's unique #: 36308
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 12, 1987
Last Structure Change Effective Date: December 31, 2010
Last Structure Change Process Date: January 04, 2011
Last Data Update: January 04, 2011
Data Source Date: April 05, 2012
Location
Address: 307 West Main Street, Olney, TX 76374
County: Young
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
Financial Summary
Total assets: $52.8 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, 2009)

Dollar figures in thousands
13Total employees (full-time equivalent)
$55,115Total assets
$2,833Cash and due from depository institutions
$2,099Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$49,930Net loans & leases
$467Loan loss allowance
$0Trading account assets
$449Bank premises and fixed assets
$659Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,244All other assets
$55,115Total liabilities and capital
$49,627Total liabilities
$49,593Total deposits
$31,523Interest-bearing deposits
$49,593Deposits held in domestic offices
80.25%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$34All other liabilities
$5,488Total equity capital
$5,488Total bank equity capital
$5,488Perpetual preferred stock
$0Common stock
$597Surplus
$914Undivided profits
Memoranda
$3,977Noncurrent loans and leases
$17,960Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$312Earning assets
$0Long-term assets (5+ years)
$590Average Assets, year-to-date
$52,029Average Assets, quarterly
$4,262Volatile liabilities
$53,528Insider loans
$54,912FHLB advances
$10,369Loans and leases held for sale
$1,380Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$17,960Total unused commitments
$117Restructured Loans and leases
$467Derivatives

Income and Expense (December 31, 2009)

Dollar figures in thousands
$2,855Total interest income
$342Total interest expense
$2,513Net interest income
$97Provision for loan and lease losses
$293Total noninterest income
$0Fiduciary activities
$268Service charges on deposit accounts
$0Trading account gains & fees
$25Additional noninterest income
$1,166Total noninterest expense
$539Salaries and employee benefits
$98Premises and equipment expense
$529Additional noninterest expense
$1,543Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$1,543Income before extraordinary items
$0Extraordinary gains - net
$1,543Net income attributable to bank
$0Net charge-offs
$1,543Cash dividends
$160Sale, conversion, retirement of capital stock, net
$1,475Net operating income

Performance and Condition Ratios (December 31, 2009)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.64%Yield on earning assets
0.68%Cost of funding earning assets
4.97%Net interest margin
0.58%Noninterest income to earning assets
2.31%Noninterest expense to earning assets
2.88%Net operating income to assets
2.88%Return on assets (ROA)
2.88%Pretax return on assets
27.30%Return on equity (ROE)
1.20%Retained earnings to average equity (YTD only)
0.32%Net charge-offs to loans
60.63%Credit loss provision to net charge-offs
10.25%Efficiency ratio
41,554Assets per employee
4.24%Cash dividends to net income (YTD only)
Condition Ratios (%)
95.59%Loss allowance to loans
0.93%Loss allowance to noncurrent loans
149.68%Noncurrent assets plus other real estate owned to assets
1.76%Noncurrent loans to loans
0.62%Net loans and leases to deposits
100.68%Net loans and leases to core deposits
127.29%Equity capital to assets
9.96%Core capital (leverage) ratio
10.12%Tier 1 risk-based capital ratio
11.25%Total risk-based capital ratio
Memoranda
$12Average assets
$53,528Average earning assets
$5,651Average equity
$50,580Average loans

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