First Security State Bank in city_name, state_name - Detailed Financial Reports, Location

First Security State Bank in Cranfills Gap, Texas (TX)
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First Security State Bank routing number info

First Security State Bank - Overview

General
FDIC Certificate #: 11932
Status: Active
Federal Reserve ID: 819154
Bank Holding Company (Regulatory Top Holder): Bosque Bancshares, Inc. (RSSDID: 1135057, Location: Cranfills Gap, TX)
Date Established: January 01, 1910
WWW: http://www.fssbtexas.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 15889
FDIC's unique #: 7619
Numeric code: 21
Regulator: FDIC
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: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
Date of Deposit Insurance: January 01, 1934
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: 303 Third Street, Cranfills Gap, TX 76637
County: Bosque
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
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $91.3 mil
Equity capital: $7.3 mil
Deposits held in domestic offices: $82.4 mil
Return on assets (ROA): 1.51% ($1.4 mil)
Quarterly return on assets: 1.29% ($1.2 mil)
Return on Equity (ROE): 19.25% ($1.3 mil)
Quarterly return on equity: 16.15% ($1.1 mil)
Net income: $1.4 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.51% ($1,378.4 mil)
Quarterly Pretax return on assets: 1.29% ($1,177.5 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
24Total employees (full-time equivalent)
$91,282Total assets
$7,391Cash and due from depository institutions
$3,533Interest-bearing balances
$38,728Securities
$6,300Federal funds sold & reverse repurchase agreements
$34,152Net loans & leases
$449Loan loss allowance
$0Trading account assets
$1,950Bank premises and fixed assets
$255Other real estate owned
$638Goodwill and other intangibles
$91,282Life insurance assets
$1,868All other assets
$83,942Total liabilities and capital
$82,396Total liabilities
$56,819Total deposits
$82,396Interest-bearing deposits
$99Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$1,125Trading liabilities
$0Other borrowed funds
$421Subordinated debt
$7,340All other liabilities
$7,340Total equity capital
$7,340Total bank equity capital
$200Perpetual preferred stock
$4,200Common stock
$0Surplus
$2,940Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$144Income earned, not collected on loans
$0Earning assets
$364Long-term assets (5+ years)
$82,713Average Assets, year-to-date
$40,779Average Assets, quarterly
$91,642Volatile liabilities
$92,332Insider loans
$40,782FHLB advances
$91,570Loans and leases held for sale
$1,024Unused loan commitments
$1,024Tier 1 (core) risk-based capital
$6,035Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,697Restructured Loans and leases
$100Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$3,717Total interest income
$452Total interest expense
$3,265Net interest income
$120Provision for loan and lease losses
$1,009Total noninterest income
$0Fiduciary activities
$647Service charges on deposit accounts
$0Trading account gains & fees
$362Additional noninterest income
$2,772Total noninterest expense
$1,230Salaries and employee benefits
$297Premises and equipment expense
$1,245Additional noninterest expense
$1,382Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$1,382Income before extraordinary items
$0Extraordinary gains - net
$1,382Net income attributable to bank
$0Net charge-offs
$1,382Cash dividends
$96Sale, conversion, retirement of capital stock, net
$1,182Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.47%Yield on earning assets
0.54%Cost of funding earning assets
3.93%Net interest margin
1.21%Noninterest income to earning assets
3.34%Noninterest expense to earning assets
1.51%Net operating income to assets
1.51%Return on assets (ROA)
1.51%Pretax return on assets
19.25%Return on equity (ROE)
2.79%Retained earnings to average equity (YTD only)
0.27%Net charge-offs to loans
125.00%Credit loss provision to net charge-offs
15.65%Efficiency ratio
64,857Assets per employee
3.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
85.53%Loss allowance to loans
1.30%Loss allowance to noncurrent loans
311.81%Noncurrent assets plus other real estate owned to assets
0.44%Noncurrent loans to loans
0.42%Net loans and leases to deposits
41.45%Net loans and leases to core deposits
41.85%Equity capital to assets
8.04%Core capital (leverage) ratio
6.59%Tier 1 risk-based capital ratio
14.80%Total risk-based capital ratio
Memoranda
$16Average assets
$91,642Average earning assets
$7,180Average equity
$83,104Average loans

List of branches

4 Texas Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	7619	First Security State Bank	303 Third Street, Cranfills Gap, TX 76637	January 01, 1910	Full Service Brick and Mortar
3	225996	Clifton Branch	1115 West 5th Street, Clifton, TX 76634	August 10, 1990	Full Service Brick and Mortar
5	357489	Brazos Branch	1201 N. Brazos, Whitney, TX 76692	July 24, 2000	Full Service Brick and Mortar
6	453301	Meridain Branch	9353 Hwy 6, Meridian, TX 76665	September 26, 2005	Full Service Brick and Mortar

First Security State Bank in Cranfills Gap, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Security State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Security State Bank in Cranfills Gap, Texas (TX)Overview, Financial Summary, Detailed Financial Reports, Branches

First Security State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Security State Bank in Cranfills Gap, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches