First State Bank in Stratford, Texas (TX)



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First State Bank
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Geographic Region/Area/Territory/Field Office
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)48
Total assets$192,050
Cash and due from depository institutions$22,997
Interest-bearing balances$16,852
Securities$47,242
Federal funds sold & reverse repurchase agreements$12,014
Net loans & leases$102,279
Loan loss allowance $708
Trading account assets$0
Bank premises and fixed assets$4,444
Other real estate owned$0
Goodwill and other intangibles$846
All other assets$2,228
Life insurance assets$192,050
Total liabilities and capital$171,397
Total liabilities$171,092
Total deposits$125,147
Interest-bearing deposits$171,092
Deposits held in domestic offices$92
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$61
Other borrowed funds $0
Subordinated debt $244
All other liabilities $20,653
Total equity capital$20,653
Total bank equity capital$20,653
Perpetual preferred stock$0
Common stock$600
Surplus$9,400
Undivided profits $10,653
Memoranda
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) $1,397
Average Assets, year-to-date $178,387
Average Assets, quarterly $53,374
Volatile liabilities $183,853
Insider loans $189,027
FHLB advances $117,768
Loans and leases held for sale $192,728
Unused loan commitments $168
Tier 1 (core) risk-based capital $168
Tier 2 risk-based capital $18,800
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $39,795
Derivatives$5,541
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,226
Total interest expense $895
Net interest income $6,331
Provision for loan and lease losses $0
Total noninterest income $1,144
Fiduciary activities $186
Service charges on deposit accounts $330
Trading account gains & fees $0
Additional noninterest income $628
Total noninterest expense $4,701
Salaries and employee benefits $3,004
Premises and equipment expense $477
Additional noninterest expense $1,220
Pre-tax net operating income $2,774
Securities gains (losses) $16
Applicable income taxes $0
Income before extraordinary items $2,790
Extraordinary gains - net $0
Net income attributable to bank $2,790
Net charge-offs $0
Cash dividends $2,790
Sale, conversion, retirement of capital stock, net -$3
Net operating income $1,696
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.25%
Cost of funding earning assets 0.53%
Net interest margin 3.73%
Noninterest income to earning assets 0.67%
Noninterest expense to earning assets 2.77%
Net operating income to assets 1.51%
Return on assets (ROA) 1.52%
Pretax return on assets 1.52%
Return on equity (ROE) 14.30%
Retained earnings to average equity (YTD only) 5.61%
Net charge-offs to loans -0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$62,890
Cash dividends to net income (YTD only)4.00%
Condition Ratios (%)
Loss allowance to loans 60.79%
Loss allowance to noncurrent loans 0.69%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 59.78%
Equity capital to assets 61.85%
Core capital (leverage) ratio 10.75%
Tier 1 risk-based capital ratio 9.75%
Total risk-based capital ratio 15.96%
Memoranda
Average assets$17
Average earning assets$183,853
Average equity $19,506
Average loans $169,945
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Total Fiduciary and Related Assets (December 31, 2011)
(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$27,052
Number of Accounts1
Personal trust and agency accounts$22,372
Employee benefit-defined contribution accounts$22,149
Employee benefit-defined benefit accounts$0
Other retirement accounts$223
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts74
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$4,680
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$4,680
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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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