First National Bank of Sulphur Springs in Sulphur Springs, Texas (TX)

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First National Bank of Sulphur Springs
GeneralFDIC Certificate #: 23068
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The City National Bank of Sulphur Springs (#5544)
Federal Reserve ID: 534961
Date Established: January 28, 1980
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 #: 16157
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 28, 1980
Last Structure Change Effective Date: December 31, 1998
Last Structure Change Process Date: Febuary 04, 1999
Last Data Update: Febuary 04, 1999
Data Source Date: April 05, 2012
LocationAddress: 1133 Mockingbird Lane, Sulphur Springs, TX 75482
County: Hopkins
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
Core Based Statistical Area (CBSA): Sulphur Springs, TX (#44860)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $23.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)
(Dollar figures in thousands)
Total employees (full-time equivalent)15
Total assets$25,631
Cash and due from depository institutions$1,697
Interest-bearing balances$0
Federal funds sold & reverse repurchase agreements$1,315
Net loans & leases$18,586
Loan loss allowance $490
Trading account assets$0
Bank premises and fixed assets$469
Other real estate owned$504
Goodwill and other intangibles$0
All other assets$316
Life insurance assets$0
Total liabilities and capital$25,631
Total liabilities$24,174
Total deposits$24,087
Interest-bearing deposits$18,870
Deposits held in domestic offices$24,087
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $87
Total equity capital$1,457
Total bank equity capital$1,457
Perpetual preferred stock$1,457
Common stock$0
Undivided profits $1,139
Noncurrent loans and leases $-682
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $3,133
Long-term assets (5+ years) $1,569
Average Assets, year-to-date $277
Average Assets, quarterly $22,645
Volatile liabilities $2,438
Insider loans $28,383
FHLB advances $26,326
Loans and leases held for sale $2,124
Unused loan commitments $426
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $1,388
Restructured Loans and leases $0
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Income and Expense (December 31, 1997)
(Dollar figures in thousands)
Total interest income $2,081
Total interest expense $945
Net interest income $1,136
Provision for loan and lease losses $798
Total noninterest income $547
Fiduciary activities $0
Service charges on deposit accounts $434
Trading account gains & fees $0
Additional noninterest income $113
Total noninterest expense $1,534
Salaries and employee benefits $627
Premises and equipment expense $186
Additional noninterest expense $721
Pre-tax net operating income -$649
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items -$649
Extraordinary gains - net $0
Net income attributable to bank -$649
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $880
Net operating income $29
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Performance and Condition Ratios (December 31, 1997)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.40%
Cost of funding earning assets 3.81%
Net interest margin 4.58%
Noninterest income to earning assets 2.21%
Noninterest expense to earning assets 6.19%
Net operating income to assets -2.29%
Return on assets (ROA) -2.29%
Pretax return on assets -2.29%
Return on equity (ROE) -36.29%
Retained earnings to average equity (YTD only) -37.91%
Net charge-offs to loans 4.42%
Credit loss provision to net charge-offs 90.68%
Efficiency ratio0.17%
Assets per employee$91,147
Cash dividends to net income (YTD only)1.71%
Condition Ratios (%)
Loss allowance to loans -4.47%
Loss allowance to noncurrent loans 2.57%
Noncurrent assets plus other real estate owned to assets 15.64%
Noncurrent loans to loans 14.19%
Net loans and leases to deposits16.42%
Net loans and leases to core deposits 77.16%
Equity capital to assets 84.62%
Core capital (leverage) ratio 5.68%
Tier 1 risk-based capital ratio 5.41%
Total risk-based capital ratio 7.29%
Average assets$9
Average earning assets$28,383
Average equity $1,789
Average loans $24,787
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