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

This bank is inactive as of April 01, 1993

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

  • General
  • FDIC Certificate #: 11890
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Citizens State Bank of Dalhart (#1182)
    Federal Reserve ID: 276261
    Date Established: October 05, 1908
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 7593
    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: April 01, 1993
    Last Structure Change Process Date: April 05, 1993
    Last Data Update: April 05, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Vega, TX 79092
    County: Oldham
    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
  • History of Changes
  • Absorption - Assisted
  • Financial Summary
  • Total assets: $21.4 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $10Total assets
  • $21,444Cash and due from depository institutions
  • $1,320Interest-bearing balances
  • $0Securities
  • $2,743Federal funds sold & reverse repurchase agreements
  • $700Net loans & leases
  • $15,861Loan loss allowance
  • $405Trading account assets
  • $0Bank premises and fixed assets
  • $148Other real estate owned
  • $11Goodwill and other intangibles
  • $661Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $21,444Total liabilities
  • $21,110Total deposits
  • $20,743Interest-bearing deposits
  • $17,341Deposits held in domestic offices
  • 20743.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $130Subordinated debt
  • $0All other liabilities
  • $237Total equity capital
  • $237Total bank equity capital
  • $334Perpetual preferred stock
  • $0Common stock
  • $300Surplus
  • $800Undivided profits
  • Memoranda
  • $-766Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $612Income earned, not collected on loans
  • $566Earning assets
  • $19,304Long-term assets (5+ years)
  • $1,465Average Assets, year-to-date
  • $24,302Average Assets, quarterly
  • $23,145Volatile liabilities
  • $2,830Insider loans
  • $15FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2,128Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $334Total risk weighted assets
  • $18,480Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,046Total interest expense
  • $766Net interest income
  • $1,280Provision for loan and lease losses
  • $918Total noninterest income
  • $278Fiduciary activities
  • $0Service charges on deposit accounts
  • $210Trading account gains & fees
  • $0Additional noninterest income
  • $68Total noninterest expense
  • $3,671Salaries and employee benefits
  • $289Premises and equipment expense
  • $90Additional noninterest expense
  • $3,292Pre-tax net operating income
  • -$3,031Securities gains (losses)
  • $9Applicable income taxes
  • $0Income before extraordinary items
  • -$3,022Extraordinary gains - net
  • $0Net income attributable to bank
  • -$3,022Net charge-offs
  • $872Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.55%Cost of funding earning assets
  • 3.57%Net interest margin
  • 5.97%Noninterest income to earning assets
  • 1.30%Noninterest expense to earning assets
  • 17.13%Net operating income to assets
  • -12.47%Return on assets (ROA)
  • -12.44%Pretax return on assets
  • -12.44%Return on equity (ROE)
  • -221.62%Retained earnings to average equity (YTD only)
  • -221.62%Net charge-offs to loans
  • 4.95%Credit loss provision to net charge-offs
  • 105.28%Efficiency ratio
  • 235,623Assets per employee
  • 2.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.49%Loss allowance to noncurrent loans
  • 66.18%Noncurrent assets plus other real estate owned to assets
  • 2.91%Noncurrent loans to loans
  • 3.76%Net loans and leases to deposits
  • 76.46%Net loans and leases to core deposits
  • 87.91%Equity capital to assets
  • 1.56%Core capital (leverage) ratio
  • 1.29%Tier 1 risk-based capital ratio
  • 1.81%Total risk-based capital ratio
  • Memoranda
  • $3Average assets
  • $24,302Average earning assets
  • $1,364Average equity
  • $21,430Average loans

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