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

First State Bank - Overview

  • General
  • FDIC Certificate #: 17775
    Status: Active
    Federal Reserve ID: 719964
    Bank Holding Company (Regulatory Top Holder): Paint Rock Bancshares, Inc. (RSSDID: 3938720, Location: Paint Rock, TX)
    Date Established: January 01, 1910
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 11729
    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: June 20, 1957
    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: Truehart And Moss Streets, Paint Rock, TX 76866
    County: Concho
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $79.1 mil
    Equity capital: $7.7 mil
    Deposits held in domestic offices: $70.2 mil
    Return on assets (ROA): 0.88% ($0.7 mil)
    Quarterly return on assets: 0.41% ($0.3 mil)
    Return on Equity (ROE): 8.36% ($0.7 mil)
    Quarterly return on equity: 4.13% ($0.3 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.88% ($695.7 mil)
    Quarterly Pretax return on assets: 0.41% ($324.1 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
  • 15Total employees (full-time equivalent)
  • $79,054Total assets
  • $9,947Cash and due from depository institutions
  • $9,262Interest-bearing balances
  • $34,583Securities
  • $750Federal funds sold & reverse repurchase agreements
  • $29,920Net loans & leases
  • $573Loan loss allowance
  • $0Trading account assets
  • $419Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $79,054Life insurance assets
  • $3,435All other assets
  • $71,372Total liabilities and capital
  • $70,180Total liabilities
  • $49,342Total deposits
  • $70,180Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $60Trading liabilities
  • $0Other borrowed funds
  • $1,132Subordinated debt
  • $7,682All other liabilities
  • $7,682Total equity capital
  • $7,682Total bank equity capital
  • $0Perpetual preferred stock
  • $700Common stock
  • $3,000Surplus
  • $3,982Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $647Income earned, not collected on loans
  • $0Earning assets
  • $827Long-term assets (5+ years)
  • $74,515Average Assets, year-to-date
  • $20,476Average Assets, quarterly
  • $72,776Volatile liabilities
  • $77,951Insider loans
  • $46,387FHLB advances
  • $78,594Loans and leases held for sale
  • $2,274Unused loan commitments
  • $1,419Tier 1 (core) risk-based capital
  • $7,781Tier 2 risk-based capital
  • $855Total risk weighted assets
  • $0Total unused commitments
  • $8,636Restructured Loans and leases
  • $150Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,709Total interest income
  • $287Total interest expense
  • $2,422Net interest income
  • $144Provision for loan and lease losses
  • $386Total noninterest income
  • $0Fiduciary activities
  • $244Service charges on deposit accounts
  • $0Trading account gains & fees
  • $142Additional noninterest income
  • $2,005Total noninterest expense
  • $1,206Salaries and employee benefits
  • $183Premises and equipment expense
  • $616Additional noninterest expense
  • $659Pre-tax net operating income
  • -$21Securities gains (losses)
  • $0Applicable income taxes
  • $638Income before extraordinary items
  • $0Extraordinary gains - net
  • $638Net income attributable to bank
  • $0Net charge-offs
  • $638Cash dividends
  • $234Sale, conversion, retirement of capital stock, net
  • $270Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.97%Yield on earning assets
  • 0.42%Cost of funding earning assets
  • 3.55%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 2.94%Noninterest expense to earning assets
  • 0.91%Net operating income to assets
  • 0.88%Return on assets (ROA)
  • 0.88%Pretax return on assets
  • 8.36%Return on equity (ROE)
  • 4.82%Retained earnings to average equity (YTD only)
  • 0.75%Net charge-offs to loans
  • 61.54%Credit loss provision to net charge-offs
  • 3.43%Efficiency ratio
  • 71,403Assets per employee
  • 5.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 42.32%Loss allowance to loans
  • 1.88%Loss allowance to noncurrent loans
  • 88.56%Noncurrent assets plus other real estate owned to assets
  • 0.82%Noncurrent loans to loans
  • 2.12%Net loans and leases to deposits
  • 42.63%Net loans and leases to core deposits
  • 45.91%Equity capital to assets
  • 9.72%Core capital (leverage) ratio
  • 9.90%Tier 1 risk-based capital ratio
  • 16.77%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $72,776Average earning assets
  • $7,635Average equity
  • $68,207Average loans

List of branches

  • 2 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011729First State BankTruehart And Moss Streets, Paint Rock, TX 76866January 01, 1910Full Service Brick and Mortar
    1242744San Angelo Branch402 Smith Boulevard, San Angelo, TX 76905May 27, 1997Full Service Brick and Mortar

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