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

  • First State Bank in Shallowater, Texas (TX)
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First State Bank - Overview

  • General
  • FDIC Certificate #: 18301
    Status: Active
    Federal Reserve ID: 524766
    Bank Holding Company (Regulatory Top Holder): South Texas Bancshares, Inc. (RSSDID: 3361506, Location: Shallowater, TX)
    Date Established: October 08, 1960
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 12217
    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: October 08, 1960
    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: One Commerce Park, Shallowater, TX 79363
    County: Lubbock
    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
    Metropolitan Statistical Area (MSA): Lubbock, TX (#4600)
    Combined Statistical Area (CSA): Lubbock-Levelland, TX (#352)
    Core Based Statistical Area (CBSA): Lubbock, TX (#31180)
    CBSA Metro Statistical Area: Lubbock, TX (#31180)
  • History of Changes
  • Corrections
    Change in Location
    Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $50.6 mil
    Equity capital: $9.2 mil
    Deposits held in domestic offices: $41.2 mil
    Return on assets (ROA): 0.94% ($0.5 mil)
    Quarterly return on assets: 1.07% ($0.5 mil)
    Return on Equity (ROE): 5.08% ($0.5 mil)
    Quarterly return on equity: 5.76% ($0.5 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.94% ($475.2 mil)
    Quarterly Pretax return on assets: 1.07% ($540.9 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
  • 14Total employees (full-time equivalent)
  • $50,553Total assets
  • $9,154Cash and due from depository institutions
  • $0Interest-bearing balances
  • $7,269Securities
  • $4,175Federal funds sold & reverse repurchase agreements
  • $26,156Net loans & leases
  • $1,046Loan loss allowance
  • $0Trading account assets
  • $863Bank premises and fixed assets
  • $447Other real estate owned
  • $2,122Goodwill and other intangibles
  • $50,553Life insurance assets
  • $367All other assets
  • $41,337Total liabilities and capital
  • $41,151Total liabilities
  • $32,456Total deposits
  • $41,151Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $186Subordinated debt
  • $9,216All other liabilities
  • $9,216Total equity capital
  • $9,216Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $7,381Surplus
  • $1,335Undivided 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
  • $222Long-term assets (5+ years)
  • $37,600Average Assets, year-to-date
  • $6,798Average Assets, quarterly
  • $48,294Volatile liabilities
  • $49,156Insider loans
  • $27,215FHLB advances
  • $47,469Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,948Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,063Restructured Loans and leases
  • $1,937Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,983Total interest income
  • $351Total interest expense
  • $1,632Net interest income
  • $0Provision for loan and lease losses
  • $360Total noninterest income
  • $0Fiduciary activities
  • $252Service charges on deposit accounts
  • $0Trading account gains & fees
  • $108Additional noninterest income
  • $1,536Total noninterest expense
  • $743Salaries and employee benefits
  • $175Premises and equipment expense
  • $618Additional noninterest expense
  • $456Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $456Income before extraordinary items
  • $0Extraordinary gains - net
  • $456Net income attributable to bank
  • $0Net charge-offs
  • $456Cash dividends
  • $12Sale, conversion, retirement of capital stock, net
  • $238Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.04%Yield on earning assets
  • 0.89%Cost of funding earning assets
  • 4.15%Net interest margin
  • 0.91%Noninterest income to earning assets
  • 3.90%Noninterest expense to earning assets
  • 0.94%Net operating income to assets
  • 0.94%Return on assets (ROA)
  • 0.94%Pretax return on assets
  • 5.08%Return on equity (ROE)
  • 2.43%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 38.00%Efficiency ratio
  • 77,108Assets per employee
  • 3.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.19%Loss allowance to loans
  • 3.85%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.88%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 63.56%Net loans and leases to core deposits
  • 73.09%Equity capital to assets
  • 18.23%Core capital (leverage) ratio
  • 14.64%Tier 1 risk-based capital ratio
  • 25.53%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $48,294Average earning assets
  • $8,976Average equity
  • $39,349Average loans

List of branches

  • 1 Texas Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012217First State BankOne Commerce Park, Shallowater, TX 79363October 08, 1960Full Service Brick and Mortar

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