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

First National Bank of South Padre Island - Overview

  • General
  • FDIC Certificate #: 24902
    Status: Active
    Federal Reserve ID: 346566
    Bank Holding Company (Regulatory Top Holder): Laguna Madre Bancshares, Inc. (RSSDID: 2524210, Location: South Padre Island, TX)
    Date Established: December 20, 1983
    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: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 17265
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: December 20, 1983
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 709 Park Road 100, South Padre Island, TX 78597
    County: Cameron
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Houston
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Brownsville-Harlingen-San Benito, TX (#1240)
    Combined Statistical Area (CSA): Brownsville-Harlingen-Raymondville, TX (#154)
    Core Based Statistical Area (CBSA): Brownsville-Harlingen, TX (#15180)
    CBSA Metro Statistical Area: Brownsville-Harlingen, TX (#15180)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $58.1 mil
    Equity capital: $5.6 mil
    Deposits held in domestic offices: $52.5 mil
    Return on assets (ROA): 1.39% ($0.8 mil)
    Quarterly return on assets: 1.21% ($0.7 mil)
    Return on Equity (ROE): 14.48% ($0.9 mil)
    Quarterly return on equity: 12.57% ($0.8 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.39% ($807.4 mil)
    Quarterly Pretax return on assets: 1.21% ($702.9 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, 2011)

  • Dollar figures in thousands
  • 12Total employees (full-time equivalent)
  • $58,087Total assets
  • $5,632Cash and due from depository institutions
  • $2,769Interest-bearing balances
  • $18,946Securities
  • $3,335Federal funds sold & reverse repurchase agreements
  • $27,607Net loans & leases
  • $400Loan loss allowance
  • $0Trading account assets
  • $1,496Bank premises and fixed assets
  • $600Other real estate owned
  • $0Goodwill and other intangibles
  • $58,087Life insurance assets
  • $471All other assets
  • $52,502Total liabilities and capital
  • $52,490Total liabilities
  • $42,105Total deposits
  • $52,490Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $12Subordinated debt
  • $5,585All other liabilities
  • $5,585Total equity capital
  • $5,585Total bank equity capital
  • $0Perpetual preferred stock
  • $750Common stock
  • $750Surplus
  • $4,085Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,097Income earned, not collected on loans
  • $0Earning assets
  • $189Long-term assets (5+ years)
  • $52,657Average Assets, year-to-date
  • $11,344Average Assets, quarterly
  • $57,888Volatile liabilities
  • $58,942Insider loans
  • $27,699FHLB advances
  • $58,037Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,973Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,259Restructured Loans and leases
  • $1,886Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,512Total interest income
  • $347Total interest expense
  • $2,165Net interest income
  • $59Provision for loan and lease losses
  • $151Total noninterest income
  • $0Fiduciary activities
  • $119Service charges on deposit accounts
  • $0Trading account gains & fees
  • $32Additional noninterest income
  • $1,461Total noninterest expense
  • $583Salaries and employee benefits
  • $258Premises and equipment expense
  • $620Additional noninterest expense
  • $796Pre-tax net operating income
  • $9Securities gains (losses)
  • $0Applicable income taxes
  • $805Income before extraordinary items
  • $0Extraordinary gains - net
  • $805Net income attributable to bank
  • $0Net charge-offs
  • $805Cash dividends
  • $31Sale, conversion, retirement of capital stock, net
  • $790Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.74%Yield on earning assets
  • 0.66%Cost of funding earning assets
  • 4.09%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 2.76%Noninterest expense to earning assets
  • 1.38%Net operating income to assets
  • 1.39%Return on assets (ROA)
  • 1.39%Pretax return on assets
  • 14.48%Return on equity (ROE)
  • 0.27%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 190.32%Credit loss provision to net charge-offs
  • 27.58%Efficiency ratio
  • 63,083Assets per employee
  • 4.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 98.14%Loss allowance to loans
  • 1.43%Loss allowance to noncurrent loans
  • 36.46%Noncurrent assets plus other real estate owned to assets
  • 2.92%Noncurrent loans to loans
  • 3.92%Net loans and leases to deposits
  • 52.59%Net loans and leases to core deposits
  • 56.63%Equity capital to assets
  • 9.61%Core capital (leverage) ratio
  • 8.57%Tier 1 risk-based capital ratio
  • 17.95%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $57,888Average earning assets
  • $5,558Average equity
  • $52,947Average loans

List of branches

  • 2 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    017265First National Bank Of South Padre I709 Park Road 100, South Padre Island, TX 78597December 20, 1983Full Service Brick and Mortar
    1257722Port Isabel Branch218 East Queen Isabella Boulevard, Port Isabel, TX 78578July 10, 1995Full Service Brick and Mortar

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