First State Bank in Junction, Texas (TX)

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First State Bank
GeneralFDIC Certificate #: 16643
Status: Active
Federal Reserve ID: 603755
Date Established: November 08, 1947
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 10781
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: November 08, 1947
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: 601 College, Junction, TX 76849
County: Kimble
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: $40.0 mil
Equity capital: $3.8 mil
Deposits held in domestic offices: $36.0 mil
Return on assets (ROA): 1.04% ($0.4 mil)
Quarterly return on assets: 0.72% ($0.3 mil)
Return on Equity (ROE): 10.19% ($0.4 mil)
Quarterly return on equity: 7.12% ($0.3 mil)
Net income: $0.4 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.04% ($416.4 mil)
Quarterly Pretax return on assets: 0.72% ($288.3 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)12
Total assets$40,041
Cash and due from depository institutions$969
Interest-bearing balances$8
Federal funds sold & reverse repurchase agreements$2,890
Net loans & leases$17,191
Loan loss allowance $255
Trading account assets$0
Bank premises and fixed assets$661
Other real estate owned$74
Goodwill and other intangibles$0
All other assets$1,203
Life insurance assets$40,041
Total liabilities and capital$36,222
Total liabilities$35,975
Total deposits$28,552
Interest-bearing deposits$35,975
Deposits held in domestic offices$72
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $247
All other liabilities $3,819
Total equity capital$3,819
Total bank equity capital$3,819
Perpetual preferred stock$0
Common stock$237
Undivided profits $2,019
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 $0
Earning assets $0
Long-term assets (5+ years) $165
Average Assets, year-to-date $37,142
Average Assets, quarterly $13,275
Volatile liabilities $37,250
Insider loans $38,782
FHLB advances $21,764
Loans and leases held for sale $39,030
Unused loan commitments $798
Tier 1 (core) risk-based capital $529
Tier 2 risk-based capital $3,638
Total risk weighted assets $269
Total unused commitments $0
Restructured Loans and leases $789
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,780
Total interest expense $150
Net interest income $1,630
Provision for loan and lease losses $25
Total noninterest income $251
Fiduciary activities $0
Service charges on deposit accounts $136
Trading account gains & fees $0
Additional noninterest income $115
Total noninterest expense $1,444
Salaries and employee benefits $760
Premises and equipment expense $178
Additional noninterest expense $506
Pre-tax net operating income $412
Securities gains (losses) -$25
Applicable income taxes $0
Income before extraordinary items $387
Extraordinary gains - net $0
Net income attributable to bank $387
Net charge-offs $0
Cash dividends $387
Sale, conversion, retirement of capital stock, net $45
Net operating income $322
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.18%
Cost of funding earning assets 0.44%
Net interest margin 4.74%
Noninterest income to earning assets 0.73%
Noninterest expense to earning assets 4.20%
Net operating income to assets 1.11%
Return on assets (ROA) 1.04%
Pretax return on assets 1.04%
Return on equity (ROE) 10.19%
Retained earnings to average equity (YTD only) 1.71%
Net charge-offs to loans 0.26%
Credit loss provision to net charge-offs 55.56%
Efficiency ratio9.71%
Assets per employee$76,768
Cash dividends to net income (YTD only)3.34%
Condition Ratios (%)
Loss allowance to loans 83.20%
Loss allowance to noncurrent loans 1.46%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.18%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 47.79%
Equity capital to assets 48.15%
Core capital (leverage) ratio 9.54%
Tier 1 risk-based capital ratio 9.32%
Total risk-based capital ratio 16.72%
Average assets$18
Average earning assets$37,250
Average equity $3,796
Average loans $34,390
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1 Texas Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
010781First State Bank601 College, Junction, TX 76849November 08, 1947Full Service Brick and Mortar
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