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

First State Bank - Overview

  • General
  • FDIC Certificate #: 17950
    Status: Active
    Federal Reserve ID: 796152
    Bank Holding Company (Regulatory Top Holder): Fsb Bancshares, Inc. (RSSDID: 2344650, Location: Clute, TX)
    Date Established: October 16, 1958
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 11883
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 02, 1959
    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: 200 North Highway 228, Clute, TX 77531
    County: Brazoria
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Houston
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Brazoria, TX (#1145)
    Consolidated Metropolitan Statistical Area (CMSA): Houston-Galveston-Brazoria, TX (#42)
    Combined Statistical Area (CSA): Houston-Baytown-Huntsville, TX (#288)
    Core Based Statistical Area (CBSA): Houston-Sugar Land-Baytown, TX (#26420)
    CBSA Metro Statistical Area: Houston-Sugar Land-Baytown, TX (#26420)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $123.3 mil
    Equity capital: $12.5 mil
    Deposits held in domestic offices: $110.0 mil
    Return on assets (ROA): -0.15% (-$0.2 mil)
    Quarterly return on assets: 0.30% ($0.4 mil)
    Return on Equity (ROE): -1.44% (-$0.2 mil)
    Quarterly return on equity: 2.94% ($0.4 mil)
    Net income: -$0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: -0.12% (-$148.0 mil)
    Quarterly Pretax return on assets: 0.49% ($604.2 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
  • 43Total employees (full-time equivalent)
  • $123,298Total assets
  • $16,315Cash and due from depository institutions
  • $12,885Interest-bearing balances
  • $31,012Securities
  • $6,020Federal funds sold & reverse repurchase agreements
  • $62,364Net loans & leases
  • $1,075Loan loss allowance
  • $0Trading account assets
  • $2,496Bank premises and fixed assets
  • $562Other real estate owned
  • $0Goodwill and other intangibles
  • $123,298Life insurance assets
  • $4,529All other assets
  • $110,768Total liabilities and capital
  • $109,999Total liabilities
  • $68,001Total deposits
  • $109,999Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $769Subordinated debt
  • $12,530All other liabilities
  • $12,530Total equity capital
  • $12,530Total bank equity capital
  • $0Perpetual preferred stock
  • $750Common stock
  • $5,250Surplus
  • $6,530Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,245Income earned, not collected on loans
  • $0Earning assets
  • $550Long-term assets (5+ years)
  • $112,281Average Assets, year-to-date
  • $24,343Average Assets, quarterly
  • $119,892Volatile liabilities
  • $122,639Insider loans
  • $73,003FHLB advances
  • $123,496Loans and leases held for sale
  • $3,040Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,697Tier 2 risk-based capital
  • $3,040Total risk weighted assets
  • $0Total unused commitments
  • $23,232Restructured Loans and leases
  • $69Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,918Total interest income
  • $553Total interest expense
  • $4,365Net interest income
  • $1,745Provision for loan and lease losses
  • $1,686Total noninterest income
  • $0Fiduciary activities
  • $1,061Service charges on deposit accounts
  • $0Trading account gains & fees
  • $625Additional noninterest income
  • $4,448Total noninterest expense
  • $2,194Salaries and employee benefits
  • $593Premises and equipment expense
  • $1,661Additional noninterest expense
  • -$142Pre-tax net operating income
  • $0Securities gains (losses)
  • $36Applicable income taxes
  • -$178Income before extraordinary items
  • $0Extraordinary gains - net
  • -$178Net income attributable to bank
  • $0Net charge-offs
  • -$178Cash dividends
  • $1,533Sale, conversion, retirement of capital stock, net
  • $330Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.53%Yield on earning assets
  • 0.51%Cost of funding earning assets
  • 4.02%Net interest margin
  • 1.55%Noninterest income to earning assets
  • 4.10%Noninterest expense to earning assets
  • -0.15%Net operating income to assets
  • -0.15%Return on assets (ROA)
  • -0.12%Pretax return on assets
  • -1.44%Return on equity (ROE)
  • -4.11%Retained earnings to average equity (YTD only)
  • 2.45%Net charge-offs to loans
  • 113.83%Credit loss provision to net charge-offs
  • 1.05%Efficiency ratio
  • 73,509Assets per employee
  • 2.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -185.39%Loss allowance to loans
  • 1.69%Loss allowance to noncurrent loans
  • 86.35%Noncurrent assets plus other real estate owned to assets
  • 1.47%Noncurrent loans to loans
  • 1.96%Net loans and leases to deposits
  • 56.70%Net loans and leases to core deposits
  • 59.32%Equity capital to assets
  • 10.16%Core capital (leverage) ratio
  • 9.47%Tier 1 risk-based capital ratio
  • 16.02%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $119,892Average earning assets
  • $12,372Average equity
  • $108,560Average loans

List of branches

  • 3 Texas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011883First State Bank200 North Highway 228, Clute, TX 77531October 16, 1958Full Service Brick and Mortar
    2243329Lake Jackson Branch490 This Way Street, Lake Jackson, TX 77566August 19, 1997Full Service Brick and Mortar
    3444088Manvel Branch19323 Highway 6, Manvel, TX 77578October 25, 2004Full Service Brick and Mortar

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