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

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