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- Banks in Texas (TX)
- First State Bank
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
Corrections - 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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- Banks in Texas (TX)
- First State Bank
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