First State Bank in Athens, Texas (TX)

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First State Bank
GeneralFDIC Certificate #: 15206
Status: Active
Federal Reserve ID: 264455
Bank Holding Company (Regulatory Top Holder): Jane Austin Chapman Limited Partnership, L.P. (RSSDID: 3072660, Location: Frankston, TX)
Date Established: May 01, 1935
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Domestic: 6, Interstate: No)
FDIC's unique #: 9566
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: No
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: June 28, 1935
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
LocationAddress: 130 East Corsicana Street, Athens, TX 75751
County: Henderson
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
Metropolitan Statistical Area (MSA): Dallas, TX (#1920)
Consolidated Metropolitan Statistical Area (CMSA): Dallas-Fort Worth, TX (#31)
Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
Core Based Statistical Area (CBSA): Athens, TX (#11980)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $334.5 mil
Equity capital: $37.0 mil
Deposits held in domestic offices: $296.0 mil
Return on assets (ROA): 1.22% ($4.1 mil)
Quarterly return on assets: 1.17% ($3.9 mil)
Return on Equity (ROE): 11.19% ($4.1 mil)
Quarterly return on equity: 10.40% ($3.8 mil)
Net income: $4.1 mil
Quarterly Net income: $1.0 mil
Pretax return on assets: 1.77% ($5,920.4 mil)
Quarterly Pretax return on assets: 1.79% ($5,987.3 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)92
Total assets$334,485
Cash and due from depository institutions$42,634
Interest-bearing balances$14,227
Federal funds sold & reverse repurchase agreements$28,940
Net loans & leases$195,296
Loan loss allowance $3,127
Trading account assets$0
Bank premises and fixed assets$6,577
Other real estate owned$427
Goodwill and other intangibles$15
All other assets$5,293
Life insurance assets$334,485
Total liabilities and capital$297,485
Total liabilities$295,966
Total deposits$207,455
Interest-bearing deposits$295,966
Deposits held in domestic offices$84
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$9
Other borrowed funds $0
Subordinated debt $1,510
All other liabilities $37,000
Total equity capital$37,000
Total bank equity capital$37,000
Perpetual preferred stock$0
Common stock$4,000
Undivided profits $17,000
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 $4,220
Earning assets $0
Long-term assets (5+ years) $1,238
Average Assets, year-to-date $293,766
Average Assets, quarterly $138,585
Volatile liabilities $335,225
Insider loans $332,473
FHLB advances $196,597
Loans and leases held for sale $332,675
Unused loan commitments $524
Tier 1 (core) risk-based capital $524
Tier 2 risk-based capital $35,746
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $9,137
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $15,028
Total interest expense $1,093
Net interest income $13,935
Provision for loan and lease losses $600
Total noninterest income $3,729
Fiduciary activities $0
Service charges on deposit accounts $1,936
Trading account gains & fees $0
Additional noninterest income $1,793
Total noninterest expense $11,139
Salaries and employee benefits $6,313
Premises and equipment expense $1,326
Additional noninterest expense $3,500
Pre-tax net operating income $5,925
Securities gains (losses) $0
Applicable income taxes $1,846
Income before extraordinary items $4,079
Extraordinary gains - net $0
Net income attributable to bank $4,079
Net charge-offs $0
Cash dividends $4,079
Sale, conversion, retirement of capital stock, net $315
Net operating income $2,400
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.97%
Cost of funding earning assets 0.36%
Net interest margin 4.61%
Noninterest income to earning assets 1.23%
Noninterest expense to earning assets 3.68%
Net operating income to assets 1.22%
Return on assets (ROA) 1.22%
Pretax return on assets 1.77%
Return on equity (ROE) 11.19%
Retained earnings to average equity (YTD only) 4.60%
Net charge-offs to loans 0.16%
Credit loss provision to net charge-offs 190.48%
Efficiency ratio20.71%
Assets per employee$61,974
Cash dividends to net income (YTD only)3.64%
Condition Ratios (%)
Loss allowance to loans 58.84%
Loss allowance to noncurrent loans 1.58%
Noncurrent assets plus other real estate owned to assets 74.10%
Noncurrent loans to loans 1.39%
Net loans and leases to deposits2.13%
Net loans and leases to core deposits 65.99%
Equity capital to assets 69.03%
Core capital (leverage) ratio 11.06%
Tier 1 risk-based capital ratio 10.75%
Total risk-based capital ratio 18.18%
Average assets$19
Average earning assets$335,225
Average equity $36,460
Average loans $302,348
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Total Fiduciary and Related Assets (December 31, 2001)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$617
Number of Accounts1
Personal trust and agency accounts$617
Employee benefit-defined contribution accounts$601
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$16
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts12
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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6 Texas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
09566First State Bank130 East Corsicana Street, Athens, TX 75751May 01, 1935Full Service Brick and Mortar
1233347Drive-In Facility202 South Palestine Street, Athens, TX 75751September 26, 1973Limited Service Facility
210757Mabank Branch201 South Third Street, Mabank, TX 75147January 13, 1947Full Service Brick and Mortar
416947Tyler Street Branch1114 East Tyler Street, Athens, TX 75751Febuary 07, 1983Full Service Brick and Mortar
5288415Malakoff Branch210 East Royall Blvd, Malakoff, TX 75148August 19, 1988Full Service Brick and Mortar
8442368Gun Barrel City Branch118 W. Main St, Gun Barrel City, TX 75147June 06, 2005Limited Service Mobile
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