First State Bank in Petersburg, Texas (TX)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 02, 1998

  • First State Bank in Petersburg, Texas (TX)
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First State Bank - Overview

  • General
  • FDIC Certificate #: 11154
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Vista Bank (#1210)
    Federal Reserve ID: 909363
    Date Established: January 01, 1921
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 7119
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 02, 1998
    Last Structure Change Process Date: January 07, 1999
    Last Data Update: January 07, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 1523 Main, Petersburg, TX 79250
    County: Hale
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Lubbock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Plainview, TX (#38380)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $15.6 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
  • 6Total employees (full-time equivalent)
  • $16,164Total assets
  • $2,087Cash and due from depository institutions
  • $1,100Interest-bearing balances
  • $6,733Securities
  • $3,050Federal funds sold & reverse repurchase agreements
  • $3,855Net loans & leases
  • $107Loan loss allowance
  • $0Trading account assets
  • $72Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $367All other assets
  • $16,164Total liabilities and capital
  • $13,736Total liabilities
  • $13,618Total deposits
  • $9,869Interest-bearing deposits
  • $13,618Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $118All other liabilities
  • $2,428Total equity capital
  • $2,428Total bank equity capital
  • $2,428Perpetual preferred stock
  • $0Common stock
  • $400Surplus
  • $400Undivided profits
  • Memoranda
  • $1,628Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $237Average Assets, year-to-date
  • $14,738Average Assets, quarterly
  • $374Volatile liabilities
  • $15,461Insider loans
  • $15,291FHLB advances
  • $2,328Loans and leases held for sale
  • $163Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $95Total unused commitments
  • $0Restructured Loans and leases
  • $6,419Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $1,035Total interest income
  • $418Total interest expense
  • $617Net interest income
  • $1Provision for loan and lease losses
  • $101Total noninterest income
  • $0Fiduciary activities
  • $98Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3Additional noninterest income
  • $403Total noninterest expense
  • $192Salaries and employee benefits
  • $66Premises and equipment expense
  • $145Additional noninterest expense
  • $314Pre-tax net operating income
  • $2Securities gains (losses)
  • $79Applicable income taxes
  • $237Income before extraordinary items
  • $0Extraordinary gains - net
  • $237Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $4Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.18%Yield on earning assets
  • 2.90%Cost of funding earning assets
  • 4.28%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 2.79%Noninterest expense to earning assets
  • 1.52%Net operating income to assets
  • 1.53%Return on assets (ROA)
  • 2.04%Pretax return on assets
  • 10.28%Return on equity (ROE)
  • 10.28%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 25.00%Credit loss provision to net charge-offs
  • 78.75%Efficiency ratio
  • 56,128Assets per employee
  • 2.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.70%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 28.31%Net loans and leases to core deposits
  • 34.15%Equity capital to assets
  • 15.02%Core capital (leverage) ratio
  • 15.78%Tier 1 risk-based capital ratio
  • 37.76%Total risk-based capital ratio
  • Memoranda
  • $39Average assets
  • $15,461Average earning assets
  • $2,305Average equity
  • $14,424Average loans

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