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

First State Bank - Overview

  • General
  • FDIC Certificate #: 17856
    Status: Active
    Federal Reserve ID: 750154
    Bank Holding Company (Regulatory Top Holder): Chico Bancorp, Inc. (RSSDID: 2088208, Location: Chico, TX)
    Date Established: April 18, 1958
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 11797
    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: Commercial Lending Specialization
    Date of Deposit Insurance: April 18, 1958
    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: 201 South Weatherford Street, Chico, TX 76431
    County: Wise
    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): Dallas-Fort Worth-Arlington, TX (#19100)
    CBSA Metro Statistical Area: Dallas-Fort Worth-Arlington, TX (#19100)
    Core Based Statistical Division: Fort Worth-Arlington, TX (#23104)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $231.3 mil
    Equity capital: $19.6 mil
    Deposits held in domestic offices: $209.9 mil
    Return on assets (ROA): 0.61% ($1.4 mil)
    Quarterly return on assets: -0.21% (-$0.5 mil)
    Return on Equity (ROE): 7.71% ($1.5 mil)
    Quarterly return on equity: -2.49% (-$0.5 mil)
    Net income: $1.4 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: 0.59% ($1,364.7 mil)
    Quarterly Pretax return on assets: -0.21% (-$485.7 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
  • 60Total employees (full-time equivalent)
  • $231,297Total assets
  • $8,354Cash and due from depository institutions
  • $984Interest-bearing balances
  • $62,755Securities
  • $2,585Federal funds sold & reverse repurchase agreements
  • $142,181Net loans & leases
  • $2,228Loan loss allowance
  • $0Trading account assets
  • $7,630Bank premises and fixed assets
  • $2,631Other real estate owned
  • $0Goodwill and other intangibles
  • $231,297Life insurance assets
  • $5,161All other assets
  • $211,744Total liabilities and capital
  • $209,882Total liabilities
  • $174,342Total deposits
  • $209,882Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,462Trading liabilities
  • $0Other borrowed funds
  • $400Subordinated debt
  • $19,553All other liabilities
  • $19,553Total equity capital
  • $19,553Total bank equity capital
  • $0Perpetual preferred stock
  • $140Common stock
  • $10,086Surplus
  • $9,327Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $967Income earned, not collected on loans
  • $0Earning assets
  • $848Long-term assets (5+ years)
  • $208,505Average Assets, year-to-date
  • $123,596Average Assets, quarterly
  • $225,443Volatile liabilities
  • $231,237Insider loans
  • $150,543FHLB advances
  • $231,090Loans and leases held for sale
  • $2,985Unused loan commitments
  • $2,985Tier 1 (core) risk-based capital
  • $18,534Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,765Restructured Loans and leases
  • $190Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,229Total interest income
  • $2,437Total interest expense
  • $9,792Net interest income
  • $2,277Provision for loan and lease losses
  • $83Total noninterest income
  • $0Fiduciary activities
  • $816Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$733Additional noninterest income
  • $6,420Total noninterest expense
  • $3,165Salaries and employee benefits
  • $1,044Premises and equipment expense
  • $2,211Additional noninterest expense
  • $1,178Pre-tax net operating income
  • $160Securities gains (losses)
  • -$40Applicable income taxes
  • $1,378Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,378Net income attributable to bank
  • $0Net charge-offs
  • $1,378Cash dividends
  • $1,670Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.02%Yield on earning assets
  • 1.20%Cost of funding earning assets
  • 4.82%Net interest margin
  • 0.04%Noninterest income to earning assets
  • 3.16%Noninterest expense to earning assets
  • 0.54%Net operating income to assets
  • 0.61%Return on assets (ROA)
  • 0.59%Pretax return on assets
  • 7.71%Return on equity (ROE)
  • 7.71%Retained earnings to average equity (YTD only)
  • 1.11%Net charge-offs to loans
  • 136.35%Credit loss provision to net charge-offs
  • 2.07%Efficiency ratio
  • 65,013Assets per employee
  • 3.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.54%Loss allowance to noncurrent loans
  • 230.40%Noncurrent assets plus other real estate owned to assets
  • 1.56%Noncurrent loans to loans
  • 0.67%Net loans and leases to deposits
  • 67.74%Net loans and leases to core deposits
  • 76.18%Equity capital to assets
  • 8.45%Core capital (leverage) ratio
  • 8.02%Tier 1 risk-based capital ratio
  • 12.31%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $225,443Average earning assets
  • $17,873Average equity
  • $203,141Average loans

List of branches

  • 4 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011797First State Bank201 South Weatherford Street, Chico, TX 76431April 18, 1958Full Service Brick and Mortar
    2243021Runaway Bay Branch102 Port O Call Drive, Runaway Bay, TX 76426Febuary 03, 1997Full Service Brick and Mortar
    3464831First State Bank Branch630 Main Street, Paradise, TX 76073April 16, 2007Full Service Brick and Mortar
    4473979Bridgeport Branch1709 9th Street, Bridgeport, TX 76426March 31, 2008Full Service Brick and Mortar

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