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



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First Security State Bank routing number info

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First Security State Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)24
Total assets$91,282
Cash and due from depository institutions$7,391
Interest-bearing balances$3,533
Securities$38,728
Federal funds sold & reverse repurchase agreements$6,300
Net loans & leases$34,152
Loan loss allowance $449
Trading account assets$0
Bank premises and fixed assets$1,950
Other real estate owned$255
Goodwill and other intangibles$638
All other assets$1,868
Life insurance assets$91,282
Total liabilities and capital$83,942
Total liabilities$82,396
Total deposits$56,819
Interest-bearing deposits$82,396
Deposits held in domestic offices$99
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,125
Other borrowed funds $0
Subordinated debt $421
All other liabilities $7,340
Total equity capital$7,340
Total bank equity capital$7,340
Perpetual preferred stock$200
Common stock$4,200
Surplus$0
Undivided profits $2,940
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $144
Earning assets $0
Long-term assets (5+ years) $364
Average Assets, year-to-date $82,713
Average Assets, quarterly $40,779
Volatile liabilities $91,642
Insider loans $92,332
FHLB advances $40,782
Loans and leases held for sale $91,570
Unused loan commitments $1,024
Tier 1 (core) risk-based capital $1,024
Tier 2 risk-based capital $6,035
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,697
Derivatives$100
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,717
Total interest expense $452
Net interest income $3,265
Provision for loan and lease losses $120
Total noninterest income $1,009
Fiduciary activities $0
Service charges on deposit accounts $647
Trading account gains & fees $0
Additional noninterest income $362
Total noninterest expense $2,772
Salaries and employee benefits $1,230
Premises and equipment expense $297
Additional noninterest expense $1,245
Pre-tax net operating income $1,382
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $1,382
Extraordinary gains - net $0
Net income attributable to bank $1,382
Net charge-offs $0
Cash dividends $1,382
Sale, conversion, retirement of capital stock, net $96
Net operating income $1,182
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.47%
Cost of funding earning assets 0.54%
Net interest margin 3.93%
Noninterest income to earning assets 1.21%
Noninterest expense to earning assets 3.34%
Net operating income to assets 1.51%
Return on assets (ROA) 1.51%
Pretax return on assets 1.51%
Return on equity (ROE) 19.25%
Retained earnings to average equity (YTD only) 2.79%
Net charge-offs to loans 0.27%
Credit loss provision to net charge-offs 125.00%
Efficiency ratio15.65%
Assets per employee$64,857
Cash dividends to net income (YTD only)3.80%
Condition Ratios (%)
Loss allowance to loans 85.53%
Loss allowance to noncurrent loans 1.30%
Noncurrent assets plus other real estate owned to assets 311.81%
Noncurrent loans to loans 0.44%
Net loans and leases to deposits0.42%
Net loans and leases to core deposits 41.45%
Equity capital to assets 41.85%
Core capital (leverage) ratio 8.04%
Tier 1 risk-based capital ratio 6.59%
Total risk-based capital ratio 14.80%
Memoranda
Average assets$16
Average earning assets$91,642
Average equity $7,180
Average loans $83,104
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4 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
07619First Security State Bank303 Third Street, Cranfills Gap, TX 76637January 01, 1910Full Service Brick and Mortar
3225996Clifton Branch1115 West 5th Street, Clifton, TX 76634August 10, 1990Full Service Brick and Mortar
5357489Brazos Branch1201 N. Brazos, Whitney, TX 76692July 24, 2000Full Service Brick and Mortar
6453301Meridain Branch9353 Hwy 6, Meridian, TX 76665September 26, 2005Full Service Brick and Mortar
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