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


First State Bank - Overview

  • General
  • FDIC Certificate #: 16695
    Status: Active
    Federal Reserve ID: 410560
    Bank Holding Company (Regulatory Top Holder): Stratford Bancshares, Inc. (RSSDID: 1138160, Location: Stratford, TX)
    Date Established: April 26, 1948
    WWW: http://www.firstclassbanking.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 13105
    FDIC's unique #: 10819
    Numeric code: 21
    Regulator: FDIC
    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: April 26, 1948
    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
  • Location
  • Address: 302 North Main Street, Stratford, TX 79084
    County: Sherman
    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
  • Change in Geographic Region/Area/Territory/Field Office
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $192.1 mil
    Equity capital: $20.7 mil
    Deposits held in domestic offices: $171.1 mil
    Return on assets (ROA): 1.52% ($2.9 mil)
    Quarterly return on assets: 1.52% ($2.9 mil)
    Return on Equity (ROE): 14.30% ($3.0 mil)
    Quarterly return on equity: 14.16% ($3.0 mil)
    Net income: $2.8 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.52% ($2,919.2 mil)
    Quarterly Pretax return on assets: 1.52% ($2,919.2 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
  • 48Total employees (full-time equivalent)
  • $192,050Total assets
  • $22,997Cash and due from depository institutions
  • $16,852Interest-bearing balances
  • $47,242Securities
  • $12,014Federal funds sold & reverse repurchase agreements
  • $102,279Net loans & leases
  • $708Loan loss allowance
  • $0Trading account assets
  • $4,444Bank premises and fixed assets
  • $0Other real estate owned
  • $846Goodwill and other intangibles
  • $192,050Life insurance assets
  • $2,228All other assets
  • $171,397Total liabilities and capital
  • $171,092Total liabilities
  • $125,147Total deposits
  • $171,092Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $61Trading liabilities
  • $0Other borrowed funds
  • $244Subordinated debt
  • $20,653All other liabilities
  • $20,653Total equity capital
  • $20,653Total bank equity capital
  • $0Perpetual preferred stock
  • $600Common stock
  • $9,400Surplus
  • $10,653Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $1,397Long-term assets (5+ years)
  • $178,387Average Assets, year-to-date
  • $53,374Average Assets, quarterly
  • $183,853Volatile liabilities
  • $189,027Insider loans
  • $117,768FHLB advances
  • $192,728Loans and leases held for sale
  • $168Unused loan commitments
  • $168Tier 1 (core) risk-based capital
  • $18,800Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $39,795Restructured Loans and leases
  • $5,541Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,226Total interest income
  • $895Total interest expense
  • $6,331Net interest income
  • $0Provision for loan and lease losses
  • $1,144Total noninterest income
  • $186Fiduciary activities
  • $330Service charges on deposit accounts
  • $0Trading account gains & fees
  • $628Additional noninterest income
  • $4,701Total noninterest expense
  • $3,004Salaries and employee benefits
  • $477Premises and equipment expense
  • $1,220Additional noninterest expense
  • $2,774Pre-tax net operating income
  • $16Securities gains (losses)
  • $0Applicable income taxes
  • $2,790Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,790Net income attributable to bank
  • $0Net charge-offs
  • $2,790Cash dividends
  • -$3Sale, conversion, retirement of capital stock, net
  • $1,696Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.25%Yield on earning assets
  • 0.53%Cost of funding earning assets
  • 3.73%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 2.77%Noninterest expense to earning assets
  • 1.51%Net operating income to assets
  • 1.52%Return on assets (ROA)
  • 1.52%Pretax return on assets
  • 14.30%Return on equity (ROE)
  • 5.61%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 62,890Assets per employee
  • 4.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.79%Loss allowance to loans
  • 0.69%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 59.78%Net loans and leases to core deposits
  • 61.85%Equity capital to assets
  • 10.75%Core capital (leverage) ratio
  • 9.75%Tier 1 risk-based capital ratio
  • 15.96%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $183,853Average earning assets
  • $19,506Average equity
  • $169,945Average 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
  • $27,052Managed Assets
  • 1Number of Accounts
  • $22,372Personal trust and agency accounts
  • $22,149Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $223Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 74Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $4,680Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $4,680Fiduciary accounts held in foreign offices

List of branches

  • 3 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010819First State Bank302 North Main Street, Stratford, TX 79084April 26, 1948Full Service Brick and Mortar
    143931Dumas Office500 East First Street, Dumas, TX 79029January 01, 1958Full Service Brick and Mortar
    3283489Dalhart Office1601 16th Street, Dalhart, TX 79022January 01, 1958Full Service Brick and Mortar

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