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 - 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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