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

This bank is inactive as of July 23, 1998

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

  • General
  • FDIC Certificate #: 18611
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens National Bank (#3250)
    Federal Reserve ID: 204965
    Date Established: December 04, 1954
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 12496
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 04, 1954
    Last Structure Change Effective Date: July 23, 1998
    Last Structure Change Process Date: August 25, 1998
    Last Data Update: August 25, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: Spur 156 And Magnolia Road, Waskom, TX 75692
    County: Harrison
    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
    Metropolitan Statistical Area (MSA): Longview-Marshall, TX (#4420)
    Combined Statistical Area (CSA): Longview-Marshall, TX (#346)
    Core Based Statistical Area (CBSA): Marshall, TX (#32220)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $27.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 12Total employees (full-time equivalent)
  • $25,979Total assets
  • $1,733Cash and due from depository institutions
  • $596Interest-bearing balances
  • $14,353Securities
  • $650Federal funds sold & reverse repurchase agreements
  • $7,339Net loans & leases
  • $37Loan loss allowance
  • $0Trading account assets
  • $282Bank premises and fixed assets
  • $149Other real estate owned
  • $1,212Goodwill and other intangibles
  • $0Life insurance assets
  • $261All other assets
  • $25,979Total liabilities and capital
  • $22,335Total liabilities
  • $22,114Total deposits
  • $18,448Interest-bearing deposits
  • $22,114Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $221All other liabilities
  • $3,644Total equity capital
  • $3,644Total bank equity capital
  • $3,644Perpetual preferred stock
  • $0Common stock
  • $125Surplus
  • $3,351Undivided profits
  • Memoranda
  • $168Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $64Average Assets, year-to-date
  • $22,938Average Assets, quarterly
  • $1,964Volatile liabilities
  • $25,577Insider loans
  • $25,749FHLB advances
  • $2,368Loans and leases held for sale
  • $8Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $555Total unused commitments
  • $0Restructured Loans and leases
  • $8,857Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $1,592Total interest income
  • $702Total interest expense
  • $890Net interest income
  • $30Provision for loan and lease losses
  • $225Total noninterest income
  • $0Fiduciary activities
  • $169Service charges on deposit accounts
  • $0Trading account gains & fees
  • $56Additional noninterest income
  • $862Total noninterest expense
  • $413Salaries and employee benefits
  • $101Premises and equipment expense
  • $348Additional noninterest expense
  • $223Pre-tax net operating income
  • $10Securities gains (losses)
  • $87Applicable income taxes
  • $146Income before extraordinary items
  • $0Extraordinary gains - net
  • $146Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $11Sale, conversion, retirement of capital stock, net
  • $76Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.11%Yield on earning assets
  • 3.14%Cost of funding earning assets
  • 3.98%Net interest margin
  • 1.01%Noninterest income to earning assets
  • 3.85%Noninterest expense to earning assets
  • 0.55%Net operating income to assets
  • 0.57%Return on assets (ROA)
  • 0.91%Pretax return on assets
  • 4.06%Return on equity (ROE)
  • 1.95%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 272.73%Credit loss provision to net charge-offs
  • 23.00%Efficiency ratio
  • 69,417Assets per employee
  • 2.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.05%Loss allowance to loans
  • 0.50%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.57%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 33.19%Net loans and leases to core deposits
  • 37.17%Equity capital to assets
  • 14.03%Core capital (leverage) ratio
  • 9.59%Tier 1 risk-based capital ratio
  • 26.63%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $25,577Average earning assets
  • $3,598Average equity
  • $22,380Average loans

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