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

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

  • General
  • FDIC Certificate #: 15511
    Status: Active
    Federal Reserve ID: 435750
    Bank Holding Company (Regulatory Top Holder): Red River Bancorp, Inc. (RSSDID: 1132243, Location: Gainesville, TX)
    Date Established: August 16, 1905
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Domestic: 11, Interstate: No)
    FDIC's unique #: 9810
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: July 09, 1937
    Last Structure Change Effective Date: May 07, 2008
    Last Structure Change Process Date: May 16, 2008
    Last Data Update: May 16, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 801 East California Street, Gainesville, TX 76240
    County: Cooke
    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
    Combined Statistical Area (CSA): Dallas-Fort Worth, TX (#206)
    Core Based Statistical Area (CBSA): Gainesville, TX (#23620)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Corrections
    Office Purchased
  • Financial Summary
  • Total assets: $576.6 mil
    Equity capital: $56.5 mil
    Deposits held in domestic offices: $503.5 mil
    Return on assets (ROA): 0.94% ($5.4 mil)
    Quarterly return on assets: 0.77% ($4.4 mil)
    Return on Equity (ROE): 10.08% ($5.7 mil)
    Quarterly return on equity: 7.76% ($4.4 mil)
    Net income: $5.0 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 0.94% ($5,420.0 mil)
    Quarterly Pretax return on assets: 0.77% ($4,439.8 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
  • 137Total employees (full-time equivalent)
  • $576,593Total assets
  • $63,461Cash and due from depository institutions
  • $51,254Interest-bearing balances
  • $230,879Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $246,072Net loans & leases
  • $3,436Loan loss allowance
  • $0Trading account assets
  • $13,588Bank premises and fixed assets
  • $2,227Other real estate owned
  • $4,190Goodwill and other intangibles
  • $576,593Life insurance assets
  • $16,176All other assets
  • $520,046Total liabilities and capital
  • $503,531Total liabilities
  • $347,973Total deposits
  • $503,531Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $6,515Subordinated debt
  • $56,547All other liabilities
  • $56,547Total equity capital
  • $56,547Total bank equity capital
  • $0Perpetual preferred stock
  • $2,000Common stock
  • $30,188Surplus
  • $24,359Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,267Income earned, not collected on loans
  • $0Earning assets
  • $2,864Long-term assets (5+ years)
  • $528,205Average Assets, year-to-date
  • $321,439Average Assets, quarterly
  • $530,555Volatile liabilities
  • $561,245Insider loans
  • $303,707FHLB advances
  • $564,057Loans and leases held for sale
  • $7,850Unused loan commitments
  • $7,850Tier 1 (core) risk-based capital
  • $46,187Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,579Restructured Loans and leases
  • $3,328Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $21,082Total interest income
  • $2,760Total interest expense
  • $18,322Net interest income
  • $1,400Provision for loan and lease losses
  • $4,877Total noninterest income
  • $495Fiduciary activities
  • $2,189Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,193Additional noninterest income
  • $16,982Total noninterest expense
  • $9,758Salaries and employee benefits
  • $2,394Premises and equipment expense
  • $4,830Additional noninterest expense
  • $4,817Pre-tax net operating income
  • $153Securities gains (losses)
  • $0Applicable income taxes
  • $4,970Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,970Net income attributable to bank
  • $0Net charge-offs
  • $4,970Cash dividends
  • $1,540Sale, conversion, retirement of capital stock, net
  • $1,134Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.35%Yield on earning assets
  • 0.57%Cost of funding earning assets
  • 3.78%Net interest margin
  • 1.01%Noninterest income to earning assets
  • 3.51%Noninterest expense to earning assets
  • 0.91%Net operating income to assets
  • 0.94%Return on assets (ROA)
  • 0.94%Pretax return on assets
  • 10.08%Return on equity (ROE)
  • 7.78%Retained earnings to average equity (YTD only)
  • 0.63%Net charge-offs to loans
  • 90.91%Credit loss provision to net charge-offs
  • 4.04%Efficiency ratio
  • 72,607Assets per employee
  • 4.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 22.82%Loss allowance to loans
  • 1.38%Loss allowance to noncurrent loans
  • 65.24%Noncurrent assets plus other real estate owned to assets
  • 1.30%Noncurrent loans to loans
  • 2.11%Net loans and leases to deposits
  • 48.87%Net loans and leases to core deposits
  • 52.53%Equity capital to assets
  • 9.81%Core capital (leverage) ratio
  • 8.19%Tier 1 risk-based capital ratio
  • 15.21%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $530,555Average earning assets
  • $49,323Average equity
  • $484,375Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $72,290Managed Assets
  • 1Number of Accounts
  • $45,397Personal trust and agency accounts
  • $21,209Employee benefit-defined contribution accounts
  • $4,852Employee benefit-defined benefit accounts
  • $8,023Other retirement accounts
  • $1,901Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $9,412Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 139Number of Accounts
  • $0Personal trust and agency accounts
  • $1,901Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $26,893Other retirement accounts
  • $0Corporate trust and agency accounts
  • $10,177Other fiduciary accounts
  • $117Fiduciary accounts held in foreign offices

List of branches

  • 11 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09810First State Bank801 East California Street, Gainesville, TX 76240August 16, 1905Full Service Brick and Mortar
    116987North Texas Branch808 East Highway 82, Gainesville, TX 76240April 18, 1983Full Service Brick and Mortar
    2234449Lake Kiowa Branch6586 Fm 902, Gainesville, TX 76240March 26, 1998Full Service Brick and Mortar
    3361737Valley View Branch101 S Frontage Rd, Valley View, TX 76272September 05, 2001Full Service Brick and Mortar
    4365329Denton Mobile BranchVarious Assisted Living Facilities, Denton, TX 76201September 25, 2002Limited Service Mobile
    6418501Denton Branch400 W Oak Street, Denton, TX 76201March 03, 2003Full Service Brick and Mortar
    7207768Muenster Branch519 East Division, Muenster, TX 76252September 17, 1997Full Service Brick and Mortar
    8474326Saint Jo Branch108 E. Howell Street, Saint Jo, TX 76265May 07, 2008Full Service Brick and Mortar Branch801 East California Street, Gainesville, TX 76240March 30, 2009Full Service Cyber
    10512929Rayzor Ranch Branch2430 W University Drive, Denton, TX 76207September 09, 2010Full Service Brick and Mortar
    11527546Teasley Lane Branch3190 Teasley Lane, Denton, TX 76210October 12, 2011Full Service Brick and Mortar

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