First State Bank in Three Rivers, Texas (TX)

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First State Bank
GeneralFDIC Certificate #: 11922
Status: Active
Federal Reserve ID: 190563
Bank Holding Company (Regulatory Top Holder): First Live Oak Bancshares, Inc. (RSSDID: 2520575, Location: Three Rivers, TX)
Date Established: August 12, 1914
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 7614
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: June 15, 2010
Last Data Update: June 15, 2010
Data Source Date: April 05, 2012
LocationAddress: 422 Dibrell Avenue, Three Rivers, TX 78071
County: Live Oak
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Austin
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: $152.5 mil
Equity capital: $13.1 mil
Deposits held in domestic offices: $139.3 mil
Return on assets (ROA): 0.90% ($1.4 mil)
Quarterly return on assets: 0.30% ($0.5 mil)
Return on Equity (ROE): 8.59% ($1.1 mil)
Quarterly return on equity: 3.20% ($0.4 mil)
Net income: $1.1 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.90% ($1,372.7 mil)
Quarterly Pretax return on assets: 0.30% ($457.6 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)25
Total assets$152,517
Cash and due from depository institutions$75,761
Interest-bearing balances$74,114
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$40,190
Loan loss allowance $348
Trading account assets$0
Bank premises and fixed assets$646
Other real estate owned$33
Goodwill and other intangibles$0
All other assets$763
Life insurance assets$152,517
Total liabilities and capital$139,406
Total liabilities$139,275
Total deposits$96,044
Interest-bearing deposits$139,275
Deposits held in domestic offices$74
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $131
All other liabilities $13,111
Total equity capital$13,111
Total bank equity capital$13,111
Perpetual preferred stock$0
Common stock$474
Undivided profits $9,111
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 $1,368
Earning assets $0
Long-term assets (5+ years) $442
Average Assets, year-to-date $149,428
Average Assets, quarterly $20,468
Volatile liabilities $124,082
Insider loans $141,897
FHLB advances $40,793
Loans and leases held for sale $143,313
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $12,207
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $5,990
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,828
Total interest expense $449
Net interest income $3,379
Provision for loan and lease losses $186
Total noninterest income $604
Fiduciary activities $0
Service charges on deposit accounts $340
Trading account gains & fees $0
Additional noninterest income $264
Total noninterest expense $2,681
Salaries and employee benefits $1,634
Premises and equipment expense $303
Additional noninterest expense $744
Pre-tax net operating income $1,116
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $1,116
Extraordinary gains - net $0
Net income attributable to bank $1,116
Net charge-offs $0
Cash dividends $1,116
Sale, conversion, retirement of capital stock, net $22
Net operating income $627
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.19%
Cost of funding earning assets 0.37%
Net interest margin 2.81%
Noninterest income to earning assets 0.50%
Noninterest expense to earning assets 2.23%
Net operating income to assets 0.90%
Return on assets (ROA) 0.90%
Pretax return on assets 0.90%
Return on equity (ROE) 8.59%
Retained earnings to average equity (YTD only) 3.77%
Net charge-offs to loans 0.05%
Credit loss provision to net charge-offs 845.45%
Efficiency ratio59.18%
Assets per employee$67,311
Cash dividends to net income (YTD only)6.10%
Condition Ratios (%)
Loss allowance to loans 56.18%
Loss allowance to noncurrent loans 0.86%
Noncurrent assets plus other real estate owned to assets 25.44%
Noncurrent loans to loans 0.92%
Net loans and leases to deposits3.37%
Net loans and leases to core deposits 28.86%
Equity capital to assets 34.35%
Core capital (leverage) ratio 8.60%
Tier 1 risk-based capital ratio 8.52%
Total risk-based capital ratio 29.92%
Average assets$31
Average earning assets$124,082
Average equity $12,985
Average loans $120,079
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1 Texas Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
07614First State Bank422 Dibrell Avenue, Three Rivers, TX 78071August 12, 1914Full Service Brick and Mortar
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